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Alibaba Launches Cryptocurrency Mining Platform
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InvestorPlace 6h. InvestorPlace 1d. Historical Prices Feb. Download Reset. Analyst Data Total Analysts: Lowest: SOE Stock Snapshot What exactly the new Alibaba cryptocurrency mining platform will do remains to be seen.
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Similarly, there is no sign just yet that the e-commerce company is planning to launch its own digital currency. Still, when a company as massive and influential as Alibaba enters the digital currency space, the repercussions for cryptocurrencies everywhere could be huge. See also: What's Next For Alibaba? Investing in cryptocurrencies and other Initial Coin Offerings "ICOs" is highly risky and speculative, and this article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies or other ICOs.
Since each individual's situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. As of the date this article was written, the author owns cryptocurrencies. Initial Coin Offerings.
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