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tyz (OP)
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January 16, 2018, 12:56:05 PM
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China’s Alibaba Quietly Launches Cryptocurrency Mining Platform: Unconfirmed Local Report

Chinese e-commerce and tech conglomerate Alibaba has quietly launched a cryptocurrency mining platform, according to an unconfirmed local media report.

https://www.ccn.com/alibaba-quietly-launches-cryptocurrency-mining-platform-unconfirmed-local-report/
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January 16, 2018, 02:17:40 PM
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"unconfirmed local reports" are not very genuine most of the times . People seek for official statements and proofs .
Even though the news seems to be quite a hoax , there is no doubt on the fact that why China basically banned Bitcoin from their country . Earlier , it was analyzed and presented in such a way that China banned bitcoin because of the "dark web " practices that is associated with Bitcoin .
But the main reason is that China was never interested in the "dark web" thing . Basically , the authorities just wanted to sweep bitcoin out of China in order to introduce their own crypto currency which would benefit them . They could clearly not see any benefit to them by accepting and legalizing Bitcoin .
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January 16, 2018, 04:57:21 PM
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I cannot believe alibaba would defy govt order to participate in crypto mining platform. chinese gov made it very clear that anything related to crypto must be kept to a minimal
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