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Tahir Farhad

Bitcoin related transactions banned by Alipay

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Chinese and famous e -commerce company alibabas online based payment service alipay announced to ban bitcoin related transctions  

According to a announcement thread by alipay on Twitter the company announced the news of banning transctions related with bitcoin and other crypto 

 Also retweet few anti crypto movement for the company in their official Twitter account  

In response alipay told supporters that they want to clear up mess created by bitcoin transctions and thats why they are banning it  

This ban includes any transctions related to bitcoin and any other cryptocurrency.   

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Interestingly very and strange as something this. It seems like China on the contrary supported bitcoin. It's not about the government.

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I thought binance is going to accept payments from alipay, I think I read such a news somewhere in this forum

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Whoaa, I just found out this news. Isn't Alipay part of Alibaba? I never thought that before, Jack ma if i'm not wrong see bitcoin as a positive thing, even so I hope that at least they develop their own blockchain to be used in their ecosystem and also change their view and lift that banned.

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I don't think erasing chaos is the reason they say, but most likely it is yielding to pressure from Chinese and American governments and avoiding sanctions because of bitcoin. But I think that will change after the Chinese President’s recent remarks.

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I think the ban on Chinese ecommerce company Bitcoin is going to be very difficult for China.  Because there are many Bitcoin users in China who trade Bitcoin, I say that in China, the ban on Bitcoin does not seem to be permanent.Although Bitcoin's transaction is officially forbidden, it will be private to everyone.

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On 10/11/2019 at 12:57 PM, Tahir Farhad said:

Chinese and famous e -commerce company alibabas online based payment service alipay announced to ban bitcoin related transctions  

According to a announcement thread by alipay on Twitter the company announced the news of banning transctions related with bitcoin and other crypto 

 Also retweet few anti crypto movement for the company in their official Twitter account  

In response alipay told supporters that they want to clear up mess created by bitcoin transctions and thats why they are banning it  

This ban includes any transctions related to bitcoin and any other cryptocurrency.   

China is not banned the crypto even they are gonna release their crypto coin. But it is strange that this kind of company of china blocking bitcoin transections without any interpretation of government. It may happen that they can not control the high pressure of that. Also that they are facing some problems in their terms. 

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Very bad it comes from china it will not be for long it will be open after some years now if bitcoin is fully adopted

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This is a very bad news for crypto currency market. as fuds are coming day by day so their will be a chance to price drop as youtube also started to ban crypto related videos.

 

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Alipay would definitely want to promote the chinese digital yuan instead of Bitcoin. The chinese government can force them do what they want and Alipay was always acting for the better interests of them. China won't accept any cryptocurrency and the chinese ones as NEO, Ontology and tron will be subjects of manipulation by them, or banned from China.

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i can not believe that a two month or  5 month ago they decided to accept bitcoin as a  payment method and now this news is circulating .if this is happen in real this is good good for crypto.

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Each sigment has its drawbacks, including alibabas. I did not know about the existence of alibabas until I read it here. 

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I don't understand what they are actually blocking. Merchants that accept BTC payments ? I guess you just exchange your bitcoin in local currency before buying and selling on the platform.

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On 10/11/2019 at 1:27 PM, Tahir Farhad said:

Chinese and famous e -commerce company alibabas online based payment service alipay announced to ban bitcoin related transctions  

According to a announcement thread by alipay on Twitter the company announced the news of banning transctions related with bitcoin and other crypto 

 Also retweet few anti crypto movement for the company in their official Twitter account  

In response alipay told supporters that they want to clear up mess created by bitcoin transctions and thats why they are banning it  

This ban includes any transctions related to bitcoin and any other cryptocurrency.   

This is a commercial platform. They can only approve or reject the payment system of bitcoin. But can't make it banned. No one can bann crypto. Because it's a decentralised platform.


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On 2/6/2020 at 8:19 PM, Crypto555 said:

I think they are doing this because they know a lot of illegal transactions can be made using cryptocurrencies. So in order to avoid any problems with the law and police they don't accept transactions related to bitocin or cryptocurrencies 

This is a bad decision by them because I am sure a lot of people would have liked to spend bitcoin and cryptocurrencies on their platform. So this would have brought big profits for them

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On 10/11/2019 at 1:27 PM, Tahir Farhad said:

Chinese and famous e -commerce company alibabas online based payment service alipay announced to ban bitcoin related transctions  

According to a announcement thread by alipay on Twitter the company announced the news of banning transctions related with bitcoin and other crypto 

 Also retweet few anti crypto movement for the company in their official Twitter account  

In response alipay told supporters that they want to clear up mess created by bitcoin transctions and thats why they are banning it  

This ban includes any transctions related to bitcoin and any other cryptocurrency.   

Alibaba is a big online shopping marketplace. It's situated in china. To bann crypto payment system i think there is a behind reason. Recently China banned crypto in their country. But now they are launching their own coin. I think soon crypto payment will active on the platform.

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On 10/11/2019 at 12:27 PM, Tahir Farhad said:

Chinese and famous e -commerce company alibabas online based payment service alipay announced to ban bitcoin related transctions  

According to a announcement thread by alipay on Twitter the company announced the news of banning transctions related with bitcoin and other crypto 

 Also retweet few anti crypto movement for the company in their official Twitter account  

In response alipay told supporters that they want to clear up mess created by bitcoin transctions and thats why they are banning it  

This ban includes any transctions related to bitcoin and any other cryptocurrency.   

Well that must be due to some security issues as most countries also do not allow out due to its rules and regulations.

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It is an awful news however there are numerous locales which are currently tolerating the bitcoin. Furthermore, the bitcoin is expanding its status step by step. Much appreciated.crypti exchange price is good.

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On 10/11/2019 at 12:57 PM, Tahir Farhad said:

Chinese and famous e -commerce company alibabas online based payment service alipay announced to ban bitcoin related transctions  

According to a announcement thread by alipay on Twitter the company announced the news of banning transctions related with bitcoin and other crypto 

 Also retweet few anti crypto movement for the company in their official Twitter account  

In response alipay told supporters that they want to clear up mess created by bitcoin transctions and thats why they are banning it  

This ban includes any transctions related to bitcoin and any other cryptocurrency.   

May be it is China's policy because China would only allow local companies to use their domestic crypto coin. China do not want to depend on other's technology. So Alibaba may doing this as per China's policy.

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I think this is only because of something internal to Alipay such as the information available. While shadow trading will still be a problem, it is the method Alipay employs that shows that countries with around 25% of the world's population may like blockchain technology but have a mixed relationship with cryptocurrency.  Already, sources indicate that China wants to launch their national cryptocurrency anytime from now.  This national cryptocurrency will work alongside the Chinese yuan.

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May i know what the mess they talking about? I guess this type of mistakes was happen because of improper handling or implementation of crypto currency. Because as we know the used of crypto currency is good to us.

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You can withdraw directly from Jobit into your supplier's account so they can ideally create their own blockchain for use in their biological systems, the most reliable wallets being the currency base and the blockchain, etc

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Well this is not a good news since alipay is a very useful application for Chinese people, it can help their transactions to be done fast and easy. Also I thought Jack Ma supports bitcoin, because as far as I know alipay is established by Alibaba Group. 

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Well another bad news in crypto world another banning bitcoin by alipay. They really not accepted that bitcoin is the future cryptocurrency.


 

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Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
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    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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