Tencent became Asia's most valuable company. Pic: Twitter @PDCHina.
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Alec Hogg: Tencent hits it out the park
Good news at last for recently embattled Naspers shareholders. Tencent, in which Naspers/Prosus owns 31%, published stellar financial results yesterday.
Challenges are mounting for Bitcoin and other privately created alternatives in the crypto currency Wild West. An excellent story by Greg Ip of our partners The Wall Street Journal explains how Bitcoin has been largely useless for buying legal things but frighteningly effective at facilitating extortion."
- In the light of the criminal activity, it's little surprise regulators are working hard at finding ways to combat the cryptocurrency deficiencies. Leading the charge is the US Fed whose chairman Jay Powell (above) took the unusual step last night of publishing a video statement on the matter. You'll find it all on Biznews.com by clicking here.