Alibaba Group news

World latest news

ABBC Foundation Ends Rumors of Being Bought by Alibaba Group, China

The Chief Executive Officer of ABBC Foundation, Jason Daniel Paul Philip, made an official announcement in response to rumors stating that Alibaba Group, China will be acquiring ABBC Foundation to part of their conglomerate. They mentioned that what they discussed with Alibaba Group China was only about the settlement to their long-time trademark dispute. Jason Daniel Paul Philip, ABBC Foundation CEO stated: “After all the controversies regarding the name of our company and the constant disclaimers we put about not being related to the Chinese Alibaba Group”. Some people and media have misunderstood it as a possible acquisition by Alibaba Group, however, there is no such discussion about it, as of now.” Recently, news of the possibility of acquisition has spread in various cryptocurrency media outlets and online communities. Now, ABBC Foundation wants to put a stop to this news and clarify that what was discussed was a settlement and not an acquisition. Jason Daniel also requests the community members, customers, and supporters to not make any more assumptions and thanked everyone for their cooperation. Since the beginning, ABBC Foundation showed potential as a startup and encountered many challenges in the form of controversies regarding trademark due to the brand name similarity with the Alibaba Group, China. They previously clarified that they were not related to the Chinese conglomerate. As they are based in the Middle East with an approval for its trademark from the United Arab Emirates government, ABBC Foundation derived their name from the folklore Arabian Nights which told the story of Alibaba and The Forty Thieves. In many news articles online, ABBC Foundation already made it clear that they have no ties with the Alibaba Group from China. They also put disclaimers in their social media posts and requested news publications to put a disclaimer to make it clear with everyone that ABBC Foundation is a separate entity. With ABBC Foundation’s has an official announcement about a ‘possible settlement and not an acquisition by the Chinese Alibaba Group’, it hopes to put an end to all the rumors regarding the same. The company has already endured all the controversies related to the similar names and hopes to avoid any other speculations and rumors concerned with the same company. As of now, ABBC Foundation is on its own and seems to be doing well in the market with a great potential for future growth.   The post ABBC Foundation Ends Rumors of Being Bought by Alibaba Group, China appeared first on Live Bitcoin News.
Live Bitcoin News

Is Chinese Alibaba Group Going To Acquire Alibabacoin?

Alibabacoin Foundation and China’s Alibaba Holding Group is having a dispute over trademark licenses in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba Group Holdings a month ago. In response while looking at the ongoing settlement negotiation, Alibaba Group stated that they are excited to acquire the Dubai-based startup. Alibaba Group China has the largest online shopping mall in the world and is a global company listed on the US stock market. While on the other hand, Alibabacoin Foundation is a startup blockchain company that has developed Alibabacoin (ABBC) and MC wallet, preparing to provide full services to their users. The two companies are currently engaged in a lawsuit in the Manhattan court. However, Alibabacoin Foundation has won the preliminary injunction requested by the Alibaba Group China in April this year. Alibaba Group China holds the most blockchain technology license in the world. Recently, Jack Ma, ex-executive chairman of Alibaba Group has passed on his title to their ex-CEO to be the next executive chairman for the group. It seems that Alibaba Group is seeking a new opportunity to run the business in a different field and it seems like the lawsuit between the two company is because the Alibaba Group wants to acquire Alibabacoin. In the disadvantaged Alibaba Group in the lawsuit perspective, it is likely to come up with a final settlement regarding Alibabacoin Foundation’s offer for acquiring the company. Alibabacoin (ABBC) is currently listed in 10 different exchanges, Coinsuper, Coinbene, Ooobtc, Dragonex, Idax, Topbtc, Rightbtc Sistemkoin, Bitforex, Bit-z and every day the price is rapidly going up. They provide blockchain technology and coin wallet service to their users and recently announced their business plan that the company will be launching a largest online shopping mall where people can pay with cryptocurrency.   Disclaimer: this is an article written by Alibabacoin, Fintechnews does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. Fintechnews is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release. Please note this is no investment advice. The post Is Chinese Alibaba Group Going To Acquire Alibabacoin? appeared first on Fintech Singapore.
Fintech Singapore

Is Chinese Alibaba Group going to aquire Alibabacoin (ABBC)?

Alibabacoin Foundation and China’s Alibaba Holding Group is having a dispute over trademark licences in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba Group Holdings a month ago. In response while looking at the ongoing settlement negotiation, Alibaba Group stated that they are excited to acquire the Dubai-based startup. Alibaba Group China has the largest online shopping mall in the world and is a global company listed on the US stock market. While on the other hand, Alibabacoin Foundation is a startup blockchain company that has developed Alibabacoin (ABBC) and MC wallet, preparing to provide full services to their users. The two companies are currently engaged in a lawsuit in the Manhattan court. However, Alibabacoin Foundation has won the preliminary injunction requested by the Alibaba Group China in April this year. Alibaba Group China holds the most blockchain technology license in the world. Recently, Jack Ma, ex-executive chairman of Alibaba Group has passed on his title to their ex-CEO to be the next executive chairman for the group. It seems that Alibaba Group is seeking for a new opportunity to run the business in different field and it seems like the lawsuit between the two company is because the Alibaba Group wants to aquire Alibabacoin. In the disadvantaged Alibaba Group in the lawsuit perspective, it is likely to come up with a final settlement regarding Alibabacoin Foundation’s offer for acquiring the company. Alibabacoin (ABBC) is currently listed in 10 different exchanges, Coinsuper, Coinbene, Ooobtc, Dragonex, Idax, Topbtc, Rightbtc Sistemkoin, Bitforex, Bit-z and everyday the price is rapidly going up. They provide blockchain technology and coin wallet service to their users and recently announced their business plan that the company will be launching a largest online shopping mall  where people can pay with cryptocurrency. The rapid increase in price shows that people needs to keep an eye on Alibabacoin (ABBC). The post Is Chinese Alibaba Group going to aquire Alibabacoin (ABBC)? appeared first on Live Bitcoin News.
Live Bitcoin News

Is Chinese Alibaba Group going to aquire Alibabacoin (ABBC)?

Alibabacoin Foundation and China’s Alibaba Holding Group is having a dispute over trademark licenses in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba Group Holdings a month ago. In response while looking at the ongoing settlement negotiation, Alibaba Group said that they are...Read More. The post by Shaurya Malwa appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News
BTC Manager

Is China’s Alibaba Group going to aquire Alibabacoin [ABBC]?

Alibabacoin Foundation and China’s Alibaba Holding Group are having a dispute over trademark license in the Manhattan court of the United States of America. Alibabacoin Foundation CEO, Jason Daniel Paul Phillip stated that Alibabacoin Foundation offered a settlement to Alibaba Group Holdings a month ago. In response, while looking at the ongoing settlement negotiation, Alibaba Group stated that they are excited to acquire the Dubai-based startup. Alibaba Group has the largest online shopping mall in the world and is a global company listed on the US stock market. While on the other hand, Alibabacoin Foundation is a blockchain startup that has developed Alibabacoin [ABBC] and MC wallet, preparing to provide full services to their users. The two companies are currently engaged in a lawsuit in the Manhattan court. However, Alibabacoin Foundation has won the preliminary injunction requested by the Alibaba Group China in April 2018. Alibaba Group holds the most blockchain technology licenses in the world. Recently, Jack Ma, ex-executive chairman of Alibaba Group passed on his title to their ex-CEO to be the next executive chairman for the group. It seems that Alibaba Group is seeking a new opportunity to run their business in a different field and it seems like the lawsuit between the two company is because the Alibaba Group wants to acquire Alibabacoin. In the disadvantaged Alibaba Group in the lawsuit perspective, it is likely to come up with a final settlement regarding Alibabacoin Foundation‘s offer for acquiring the company. Alibabacoin [ABBC] is currently listed in 10 different exchanges, Coinsuper, Coinbene, Ooobtc, Dragonex, Idax, Topbtc, Rightbtc Sistemkoin, Bitforex, Bit-z and the price is rapidly going up everyday. They provide blockchain technology and coin wallet service to their users and recently announced their business plan, the company will be launching a largest online shopping mall where people can pay with cryptocurrency. The rapid increase in price shows that people need to keep an eye on Alibabacoin [ABBC]. The post Is China’s Alibaba Group going to aquire Alibabacoin [ABBC]? appeared first on AMBCrypto.
AMBCrypto
More news sources

Alibaba Group news by Finrazor

Trending

Hot news

Hot world news

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust

Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust Digital currency investment group Grayscale confirmed it had successfully launched its latest fund, dedicated to Stellar’s Lumens (XLM) token, in a tweet Jan. 17. Grayscale, which now operates nine cryptocurrency funds, timed the move to coincide with a change of image for its products, renaming all its […] Cet article Grayscale Adds Stellar as Latest Cryptocurrency Investment Trust est apparu en premier sur Bitcoin Central.
Bitcoin Central

Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project

CoinSpeaker Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project Until now, everybody has been talking about Bitcoin, the most popular and widely used digital currency. However, Bitcoin is unable to process thousands of transactions a second. Researchers from the Massachusetts Institute of Technology (MIT), UC-Berkeley, Stanford University, Carnegie Mellon University, University of Southern California, and the University of Washington have decided to fix such a weakness and develop a crypto asset better than Bitcoin. The researchers are working together as Distributed Technology Research (DTR), a non-profit organization based in Switzerland and backed by hedge fund Pantera Capital. The first initiative of Distributed Technology Research is the Unit-e, a virtual coin that is expected to solve bitcoin’s scalability issues while holding true to a decentralized model and process transactions faster than even Visa or Mastercard. Babak Dastmaltschi, Chairman of the DTR Foundation Council, said: “The blockchain and digital currency markets are at an interesting crossroads, reminiscent of the inflection points reached when industries such as telecom and the internet were coming of age. These are transformative times. We are nearing the point where every person in the world is connected together. Advancements in distributed technologies will enable open networks, avoiding the need for centralized authorities. DTR was formed with the goal of enabling and supporting this revolution, and it is in this vein that we unveil Unit-e.” According to the press release, Unit-e will be able to process 10,000 transactions per second. That’s worlds away from the current average of between 3.3 and 7 transactions per second for Bitcoin and 10 to 30 transactions for Ethereum. Joey Krug, a member of the DTR Foundation Council and Co-Chief Investment Officer at Pantera Capital, believes that a lack of scalability is holding back cryptocurrency mass adoption. He said: “We are on the cusp of something where if this doesn’t scale relatively soon, it may be relegated to ideas that were nice but didn’t work in practice: more like 3D printing than the internet.” The project’s ideology is firmly rooted in transparency, with a belief in open-source, decentralized software developed in the public interest with inclusive decision-making. The core team of the project is based in Berlin. To solve the scalability problem, DTR has decided to develop the Unit-e with parameters very close to Bitcoin’s design, but many things will be improved. Gulia Fanti, DTR lead researcher and Assistant Professor of Electrical and Computer Engineering at Carnegie Mellon University, commented: “In the 10 years since Bitcoin first emerged, blockchains have developed from a novel idea to a field of academic research. Our approach is to first understand fundamental limits on blockchain performance, then to develop solutions that operate as close to these limits as possible, with results that are provable within a rigorous theoretical framework.” The launch of the Unit-e is planned for the second half of 2019. Researches from MIT, Stanford Set to Replace Bitcoin with Their Groundbreaking Crypto Project
Coinspeaker

BitPay CEO Says Bitcoin Is Solving Real Problems Around the World

BitPay co-founder and CEO, Stephen Pair, has recently commented that Bitcoin (BTC) is solving several issues around the world. He said that in a press release uploaded a […] The post BitPay CEO Says Bitcoin Is Solving Real Problems Around the World appeared first on UseTheBitcoin.
Use The Bitcoin

Trillion Dollar Market Cap, Ethereum Chain Splits & Stellar Lumens Fund - Crypto News

In this video, Mattie gives you the latest bitcoin and crypto news. He talks about the ethereum chain splitting, BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars, and a new Stellar Lumens fund. This is a daily segment! ----------------------------------------------------------------------------------- CHECK OUT OUR PODCAST: https://bit.ly/2sZCAiF New episode every Monday and Friday! ----------------------------------------------------------------------------------- Check out Altcoin Buzz Ladies! https://www.youtube.com/channel/UCxulvI2C9wUvvDDNS7S35fA/videos ---------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://bit.ly/2GDAoCp Facebook: https://bit.ly/2wYksLB Telegram: https://bit.ly/2IAqDuI ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: Leading Crypto Asset Manager Grayscale Launches Stellar Lumens Trust https://www.altcoinbuzz.io/crypto-news/finance-and-funding/leading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust/?fbclid=IwAR2AlAU_C_8Mm9CUm2hDci0pmdW3pvLzphS-BSy888SzDptaXMeifxZgJ1I Crypto Investment Firm Grayscale Launches Fund Dedicated to Stellar Lumens (XLM) https://www.cryptoglobe.com/latest/2019/01/crypto-investment-firm-grayscale-launches-fund-dedicated-to-stellar-lumens-xlm/ Grayscale Tweet https://twitter.com/GrayscaleInvest/status/1085904356635959297?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085904356635959297&ref_url=https%3A%2F%2Fwww.altcoinbuzz.io%2Fcrypto-news%2Ffinance-and-funding%2Fleading-crypto-asset-manager-grayscale-launches-stellar-lumens-trust%2F Grayscale https://grayscale.co/stellar-lumens-trust/ BitGo CEO Says Institutional Money in Crypto Can ‘Easily’ Reach Trillions of Dollars As Company Launches Cold Storage Trading https://dailyhodl.com/2019/01/17/bitgo-ceo-says-institutional-money-in-crypto-can-easily-reach-trillions-of-dollars-as-company-launches-cold-storage-trading/ Crypto’s Billion-Dollar Theft Problem Prompts Safer Way to Trade https://www.bloomberg.com/news/articles/2019-01-16/crypto-s-billion-dollar-theft-problem-prompts-safer-way-to-trade Ethereum Chain Splits, An Estimated 10% of Miners Stay on Constantinople https://www.trustnodes.com/2019/01/17/ethereum-chain-splits-an-estimated-10-of-miners-stay-on-constantinople Ethereum Upgrade – Constantinople Hard Fork Delayed https://www.altcoinbuzz.io/crypto-news/product-release/ethereum-upgrade-constantinople-hard-fork-delayed/ VanEck to Nasdaq: Bitcoin Market Structure Expected to Improve in 2019 https://www.newsbtc.com/2019/01/17/vaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019/ Nasdaq Tweet https://twitter.com/Nasdaq/status/1085522054559031296?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1085522054559031296&ref_url=https%3A%2F%2Fwww.newsbtc.com%2F2019%2F01%2F17%2Fvaneck-to-nasdaq-bitcoin-market-structure-expected-to-improve-in-2019%2F -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.