Alec Hogg: Tencent hits it out the park

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..Also on the WSJ this morning, click here for a superb article about what commodity prices are saying about inflation. And on topic the same topic, our partners have produced an interactive tool which you can use to calculate your own household's inflation rate. It works for us here on the southern tip of Africa. A must for Stats SA sceptics. Click here..PS Our new streaming service BizNewsradio.com is running smoothly with the BizNews Power Hour delivered live at 5:30pm with the latest show replayed at seven in the morning and evening. In true disruptive style, we'll be improving the service in the months ahead – with your help…….suggestions please!.NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via BizNews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our help desk can assist – support@biznews.com.Catch the BizNews shows live (or later)……...Go to BizNewsradio.com for all the latest podcasts, including the recording of last night's BizNews Power Hour..On the site you'll also find a live stream which enables you catch our flagship programme as it happens at 5:30pm weeknights..Even more fun is watching our flagship show via the live studio-cam – simply hit the subscribe button on our YouTube channel – BizNews TV – and every evening we'll send you the link to the livestream. There's also a useful chat function in the livestream for posing questions during the show…..please use it.

Alec Hogg: Tencent hits it out the park

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