Alibaba May Launch Mining Platform

Mining may be included in the functionality of the main Alibaba platform in the future
17 January 2018   1500

Chinese giant of Internet commerce Alibaba Group has launched a platform for the mining of cryptocurrency. This is reported by CCN with reference to unconfirmed information from local media.

As noted by the Tencent News, on October 10, Alibaba registered a platform based in China's Nanjing called P2P Nodes.

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.

Tencent News

The new initiative of the world-famous conglomerate was also reported by the traditional supplier of insider information from China cnLedger. But in few hours, they posted another message.

In a separate message Tencent indicated that the operations on the platform will be carried out in favor of "third parties". Presumably, this means that Alibaba will provide customers with a cloud-based service, allowing them to rent the company's hash capacity.

A local source also says that Alibaba is "extremely circumspect" regarding the new project. So, the clients of the platform will be able to widthraw only fiat money using the Alipay service. At the same time, according to the conditions of using the service, the ability to output crypto currency directly is inaccessible.

It is worth noting that recently the founder of Alibaba, Jack Ma, stated that his company would not engage in activities related to crypto-currencies.

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   95

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.