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's cyberspace regulator has drafted new guidelines mandating the country's internet behemoths obtain its approval before undertaking any investments or fundraisings, Reuters reports.
- China's internet giants include Alibaba Group Holding Ltd (NYSE:BABA), Baidu Inc (NASDAQ:BIDU), Tencent Holdings Ltd (OTC:TCEHY) and JD.com Inc (NASDAQ:JD).
- Related Content: Why Are Alibaba Shares Trading Lower Premarket?
- Cyberspace Administration of China's (CAC) guidelines will apply to any platform company with over 100 million users or plus 10 billion yuan ($1.58 billion) in revenue.
- Any internet firm involved in sectors named on the negative list issued by China's National Development and Reform Commission last year will also need to apply for approval.
- The CAC previously issued a new set of rules, to take effect from Feb. 14, that require platform companies with data on more than 1 million users to undergo security reviews before they list overseas.
- BABA Price Action: BABA shares were trading 0.21% higher at $128.87 midday Wednesday.
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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