Cryptocurrency mining move from Alibaba

Chinese e-commerce giant Alibaba has surprisingly launched its own cryptocurrency mining platform, according to reports based on as yet unconfirmed sources.

CnLedger’s Twitter account streamed the news from qq.com and Alibaba’

$450 billion Blockchain-related brand registration from Tencent

Another important development in China is about 450 billion dollars. It was the dollar dollar giant Tencent’s official registration for an asset called “Ether Lock” and “Ethernet Lock” with the designation “Blockchain-related trademark.” It seems fundamentally against the pressure of the authorities in the world on cryptocurrencies. In addition, Alibaba’s new venture represents a distinct U-turn for Alibaba founder Jack Ma, who has declared that the world is not ready for cryptocurrencies.