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China’s Digital Yuan Little Used, Former Central Bank Official Says

31.12.2022
Trials of the digital yuan have produced disappointing results, according to a report quoting the former head of research at the Chinese central bank. The new form of national fiat has brought no benefits to the banks and should expand beyond being employed only as a substitute for cash, the banker...

Chinese Gov’t to Unveil Its Version of an ‘NFT’ Marketplace

30.12.2022
The Chinese government has announced plans to launch its own version of a state-backed “non-fungible token (NFT)” marketplace. But Beijing won’t be using blockchain to power its platform. And it wants to do away with crypto as the marketplace’s currency – in favor of fiat.... Read More: Chinese...

China to Launch ‘Digital Asset Trading Platform,’ Media Report Unveils

29.12.2022
A marketplace for digital assets is soon going to open in China under a public-private partnership, local media revealed. According to the report, the goal is to establish a regulated trading platform for digital collectibles as part of government efforts to curb market speculation with such...

China plans to launch a regulated NFT marketplace

29.12.2022
China has announced its plans to launch the first regulated NFT marketplace in the country. The tentative date for the marketplace launch is January 01, 2023. It will allow users to trade digital items and copyrights related to them. Experts in the country have welcomed the move with a hint that...

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...

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