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WeChat removed several accounts for digital collectible platforms for violating the policy of illegal trade, while Ant Group and Tencent-owned NFT platforms updated their user agreements. Go to Source Powered by WPeMatico
China’s social media giant, Wechat has said it will support the digital yuan in a move that is expected to increase the of Chinese residents that use the central bank’s digital currency (CBDC). Wechat’s support of the digital yuan potentially avails the digital currency to the social media’s 800 million active users. New App Provides … Read more
JD.com implements its own blockchain to issue free NFTs to attendees of its annual JD Discovery conference. Go to Source Powered by WPeMatico
Alibaba, the Chinese e-commerce giant, has announced it will no longer allow the sale of cryptocurrency mining gear on its platform. The sales behemoth made this announcement yesterday via its official website. The move is a direct consequence of the latest ban the Chinese government has applied to cryptocurrency trading and mining. Other institutions and … Read more
Any sellers that list crypto miners or relevant products on Alibaba’s platforms after Oct. 15 will face significant penalties. Go to Source Powered by WPeMatico
The local news publication, acting as the party’s spokesperson, warned of a major decrease in the value of NFT assets once its bubble pops. Go to Source Powered by WPeMatico
The Chinese multinational technology giant, Alibaba Group, has launched a non-fungible token (NFT) marketplace. According to regional reports, the Alibaba NFT platform not only provides customers with the ability to purchase and sell NFTs, but the marketplace also allows people to license and sell intellectual property (IP), as it is copyrighted by blockchain technology. Alibaba’s … Read more
Alibaba has launched a new marketplace allowing trademark holders to sell NFT representing licenses to their copyright. Go to Source Powered by WPeMatico
While Visa and other major private payments networks see the potential of stablecoins, China’s central bank believes they pose serious risks to global financial systems. Go to Source Powered by WPeMatico
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away from turning over tech … Read more
