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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.
- According to Tencent News
“Alibaba has recently launched a virtual currency mining platform “P2P node”, from the terms of the service agreement terms platform, the main operating platform is Alibaba East China Ltd.. It is reported that the company on October 10, 2017 has been completed registration, registered in Nanjing,” the report reads, according to a very rough translation.
** It is not clear from the report whether the platform has officially begun registering users.
No Cryptocurrency Trading Ban, South Korea Government Confirms
- On January 15, in a public press conference, South Korea President Moon Jae-in’s executive office Blue House spokesperson Jeong Ki-joon, emphasized that there will be no cryptocurrency trading ban in the near future.
- The statement of spokesperson Jeong, translated at CCN, read:
“First, the South Korean government will pursue the crackdown on anonymous cryptocurrency trading accounts and will punish market manipulation, money laundering, and fraudulent transactions through joint investigations participated by the local law enforcement and financial authorities.
France Creates Working Group for Cryptocurrency Regulation
- In a speech Monday, Le Maire said that the working group will be responsible for proposing guidelines and drafting a framework on cryptocurrency regulations with the objective being to prevent the technology's misuse, French daily Les Echos reports.
The minister stated:
"We want a stable economy. We reject the risks of speculation and the possible financial diversions linked to bitcoin."
BlackWallet Hacked: Warns Stellar Community Not to Log In to Site
On January 13, an unknown hacker(s) hijacked the DNS server for BlackWallet.co, a web-based wallet for the Stellar Lumens cryptocurrency, and redirected it to their own server.
Security researcher Kevin Beaumont, who analyzed the code, said, “The DNS hijack of Blackwallet injected code, if you had over 20 Lumens it pushes them to a different wallet.” It is estimated that nearly 700,000 Lumens (XLM) were stolen, with a current value of over $400,000.
Crypto Market Suffers From Uncertainty in Asia, Losses Up to 40%
- Bitcoin and altcoins lost up to 40% of their value the morning of Tuesday, Jan. 16, as regulatory pressure from China and South Korea appears to upset optimism.
Cross-exchange data from CoinMarketCap reveals the extent of bear sentiment arising from the confused situation in Seoul and the news of additional trading sanctions from Beijing.
German Central Bank Director: Crypto Regulations Must Be International
- Joachim Wuermeling, a member of the board of Germany's Bundesbank, has suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on Jan. 15, the director told listeners:
"Effective regulation of virtual currencies would therefore only be achievable through the greatest possible international cooperation, because the regulatory power of nation states is obviously limited.”
Russia Proposes First Multinational Cryptocurrency !
- Russia proposed to create the first joint multinational cryptocurrency for BRICS and EEU countries.
The government of the richest Indian state is planning to implement Blockchain for data security
- The government of the richest Indian state of India, Maharashtra, will introduce Blockchain technology to ensure data security in various ways: for the registration and storage of documents on land ownership, police archives, health care, education, and so on .
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