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Chinese Central Bank Updates Digital Yuan App, Adds Gift Functions

28.12.2022
The central People’s Bank of China (PBoC) has updated its digital yuan app – and is attempting to drive up adoption with new gifting and invitation functions. The newspaper Beijing Business Today reported that the smartphone app, which was launched in January this year, has undergone another...

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

27.12.2022
A major cryptocurrency mining pool has been hit by hackers earlier this month, the company who owns the pool revealed in an announcement. The incident resulted in the theft of digital assets belonging to the pool and its clients worth a combined total of $3 million. Chinese Authorities Launch...

XANA joins forces with China’s leading art school

27.12.2022
XANA teamed forces with Meishun Yuanjie Co, which is China’s premier art school. The goal and idea of this occurrence was to create the Experimental Base for the Metaverse Application Scene. In turn, it will play a crucial role in efficiently tying together elements linked to content...

China Adds More Cities to its Digital Yuan Pilot

19.12.2022
More Chinese cities will be added to the nation’s digital yuan pilot – with a rollout edging closer to reality. Per the newspaper the Workers’ Daily, the city of Jinan, Shandong Province, will be added to the pilot area. Also joining the pilot will be Nanning and Fangchenggang in the Guangxi...

Report: Chinese Company Launches Digital Currency Insurance Product

13.12.2022
The Suzhou branch of the Chinese insurance company China Pacific Insurance, together with the Bank of Communications, recently announced the launch of a digital currency account insurance product. The launch comes at a time when the number of personal digital currency wallets created in the Chinese...

Alibaba’s Alipay & Taobao Platform to Launch Digital Yuan Pay Functions

13.12.2022
An affiliate of the Chinese tech giant Alibaba has claimed that it will allow customers to pay with the digital yuan on its Taobao e-commerce platform, in addition to the market-leading Alipay e-payments platform. Per Sina Technology, the announcement was made by Li Chen, Chief Compliance Officer...

Court in China Recognizes NFTs as Virtual Property Protected by Law

6.12.2022
A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from a case over a dispute between a customer and a platform hired to sell a collection of tokens. Hangzhou Internet...

Russia’s Largest Digital Asset Deal Denominated in Chinese Yuan

5.12.2022
A Russian company has announced the country’s first authorized transaction with digital financial assets (DFAs) involving a foreign currency, China’s yuan. The deal, reportedly the largest made to date under the current Russian DFA law, covers the issuance of tokens secured by commercial debt....

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