Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- China market watchdog State Administration for Market Regulation (SAMR) expects more from "super-large platforms" like Alibaba Group Holding Ltd (NYSE:BABA), Tencent Holdings Ltd (OTC:TCEHY), Meituan (OTC:MPNGF) (OTC:MPNGY) in data protection, treatment of workers, and fair competition, Reuters reports.
- The super large platforms definition includes over 500 million users, a wide range of business types, and a market value of over CNY 1 trillion ($16 billion). The super large platforms have already faced criticisms in 2020 under China's regulatory crackdown.
- SAMR ordered the super large platforms to abide by the principles of fairness when offering services and open their services up to other platform operators. The watchdog discouraged them from procuring data without users' consent and emphasized data transparency while using big data for recommending products.
- The draft guidelines were open to public consultation until November 8.
- Price Action: BABA shares traded lower by 3.53% at $163.75 on the last check Friday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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