First Digital Yuan Land Transfer Executed in Chinese Province of Fujian

The Fuzhou University of International Studies and Trade paid 51 million yuan in the first land transfer fee paid in the digital yuan CBDC. The post First Digital Yuan Land Transfer Executed in Chinese Province of Fujian appeared first on BeInCrypto.

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More than 2.6 million users signed up for the City of Shenzhen's digital yuan airdrop

The city has about 18 million residents in its prefecture-level area.

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China Reports 264 Million Digital Yuan Transactions so Far This Year

China's digital yuan transactions amounted to 83 billion yuan (about $12.33 billion) by the end of last month as the country forges ahead with plans for the adoption of a digital currency. The post China Reports 264 Million Digital Yuan Transactions so Far This Year appeared first on BeInCrypto.

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Liquidity provider asks platforms to freeze 3AC funds to recover assets after litigation

Danny Yuan said that their team detected that $1 million was missing from their company's funds at Three Arrows Capital (3AC).

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Crypto Biz: Helicopter CBDC money rains on Shenzhen, May 26—June 1

China's advanced CBDC strategy sees digital yuan airdropped to thousands of people. Meanwhile, Binance Labs raised $500 million for a new Web3 fund.

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China Plans To Airdrop Digital Yuan To Boost Its Pandemic Hit Economy

China’s City of Shenzhen has decided to airdrop 30 million digital Chinese Yuan (e-CNY) in red envelops with the help of a lotter program. This move will be introduced in order to revive consumer spending amidst a pandemic hit economy.

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China to gift citizens 90M digital yuan via lottery to restart economy

Three Chinese provinces have announced plans to disburse roughly 90 million yuan among citizens in the form of digital yuan (e-CNY) in “red packets” to restart the country’s economy following multiple Covid-19 lockdowns, according to local media reports.

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China Will Airdrop Digital Yuan to Boost Locked Down Economy

China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy which has been affected by lockdowns. The post China Will Airdrop Digital Yuan to Boost Locked Down Economy appeared first on BeInCrypto.

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As A Part Of CBDC Testing Chinese Residents Receive Digital Yuan

Shenzhen residents are all set to receive digital Yuan worth $2. 29 million as part of the Central Bank Digital Currency (CBDC) testing. The Chinese government will be giving these 15 million Yuan in CBDC to 130,000 residents.

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CBDCs in the Americas: Implications, Opportunities and Adoption

The most enduring headline from the Beijing Winter Olympics may have nothing to do with medal counts or inspiring pursuits of athletic excellence. Instead, it could be a milestone from the latest real-world pilot of China’s digital currency, which was used to make more than 2 million yuan ($315,761 USD) in payments per day at … Continued The post CBDCs in the Americas: Implications, Opportunities and Adoption appeared first on Ripple.

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Crypto Assets Worth $60 Million Seized By Chinese Police In Filecoin Ponzi Scheme Case

Local police from the Fengxian district country Bureau in Shanghai China have arrested 31 people for alleged illegal pyramid schemes. During the crackdown, police seized over 400 million yuan ($62.

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China Embraces Digital Yuan As Active Wallets Hit 140 Million, PBoC Says

The number of individuals and corporates with digital yuan wallets in China reached 140 million and 10 million respectively at the end of October 2021, according to Mu Changchun, the head of PBoC Digital Currency Institute.

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140 Million People Opened ‘Wallets’ for China’s Digital Yuan and Used it for Transactions Worth $9.7B

While 1.55 million merchants, so far, can accept payments in e-CNY, Chinese police cracked the first case of e-CNY used to launder money. The post 140 Million People Opened ‘Wallets’ for China’s Digital Yuan and Used it for Transactions Worth .7B first appeared on BitcoinExchangeGuide.

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China Has Dispersed Over $40 Million of Digital Yuan in Red Envelopes, Report Reveals

China, which has arguably the most advanced digital currency project among leading nations, has so far handed out more than $40 million in red envelopes with digital yuan. The promotional campaign for the CBDC is currently focused on five major cities, taking into account their regional development priorities.

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China Opens Digital Yuan Whitelist for Ten Million Citizens

The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China is preparing […]

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Shanghai Set to Airdrop Over $3 Million in Digital Yuan

Shanghai will be airdropping 55 yuan to 350,000 consumers in a lottery style system to further grow the digital yuan The post Shanghai Set to Airdrop Over $3 Million in Digital Yuan appeared first on BeInCrypto.

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Shanghai Man: 'Green-light' for miners? CZ not responsible for BSC, Uniswap frauds on TV

CZ claims Binance didn’t really make Binance Smart Chain, Beijing to distribute $6.2 million in free digital yuan, and miners speak out about clean energy mining

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China Begins $6 Million Digital Yuan Airdrop Trial

China has been developing its central bank digital currency (CBDC), the Digital Yuan, for over seven years. The project has come to a critical test phase and it’s ready to be used by the citizens.

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Beijing to Disperse $6 Million in Digital Yuan in a Red Envelope Lottery

China’s central bank digital currency (CBDC) continues to gain further ground as the Beijing Local Financial Supervision and Administration Bureau revealed 40 million worth of the country’s digital yuan ($6.

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China Pays $ 6.2 Million in Beijing Lottery for CBDC Trial

Beijing will give out 200,000 red envelopes worth 200 yuan to lucky applicants in a lottery to be launched in June. Fintech expert Su Xiaorui said that the giveaway is a trial to ensure the pilot work for digital renminbi has been done in an organized and market-oriented manner.

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China Handing Out $6.2 Million of Digital Yuan in Beijing

Continuing on with its central bank digital currency trials, China is handing out $6.2 million worth of its digital yuan to Beijing residents. The post China Handing Out $6.2 Million of Digital Yuan in Beijing appeared first on BeInCrypto.

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Japanese Gaming Giant Nexon Buys $100 Million Worth of Bitcoin (BTC)

Nexon has announced the purchase of 1,717 bitcoin (BTC) worth roughly $100 million (11.1 billion yuan) at an average price of $58,226. The firm says the move is in a bid to protect shareholder value while also hedging against inflation, according to a press release on April 27, 2021. Nexon Adds Bitcoin to its BalanceRead More

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Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year

China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency.

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Suzhou Government to Airdrop $5 Million in Digital Yuan for CBDC Trial

Chinese city Suzhou is set to airdrop 30 million yuan ($5 million) to citizens in the latest round of digital yuan tests. This was revealed by the regional government yesterday in a press release informing citizens of the distribution.

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Shenzhen Continues CBDC Trials, Distributes Another $3 Million in Digital Yuan

The Chinese city of Shenzhen is preparing for its third test for China’s central bank digital currency (CBDC) project known as digital currency electronic payment (DC/EP), as it plans to distribute $3 million in digital yuan in a red packet event.

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Chinese city to issue $3 million in digital Yuan in pilot giveaway

For the third time, China's southeastern city of Shenzhen will issue the nation’s digital currency as part of an ongoing pilot program to test China’s central bank project among its citizens.  The post Chinese city to issue $3 million in digital Yuan in pilot giveaway appeared first on AMBCrypto.

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Robbers steal $500,000 in cash from crypto trader in Hong Kong

Four unidentified men stole more than 3.5 million yuan ($500,000) from a cryptocurrency trader in Kwun Tong, Hong Kong on 18 January. According to local news site Apple Daily, the robbers, who are The post Robbers steal $500,000 in cash from crypto trader in Hong Kong appeared first on AMBCrypto.

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Shenzhen Airdrops $3 Million Worth of Digital Yuan in Third CBDC Test

Popular Chinese city Shenzhen’s government had announced on New Year’s Eve that their plan to distribute $3 million worth of digital yuan to local residents, in China’s third Central Bank Digital Currency (CBDC) tests.

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China moves closer to nationwide digital currency launch

The Shenzhen government has given away $3 million worth-of Digital Yuan as it conducts… The post China moves closer to nationwide digital currency launch appeared first on Coin Journal.

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Digital Yuan Still in Trial: China Airdrops Another $3 Million Worth of Its DCEP to 10,000 Suzhuo Residents

China’s digital Yuan has been facing a series of trials since its launch. The country has been making several attempts to gain a foothold for its digital currency. Still, in the test phase, China has just airdropped another $3 Million worth of its DCEP to some Suzhuo residents, according to a new report. This appears […]

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Chinese residents make 20K transactions in digital yuan trial event

The numbers come following the Suzhou municipal government giving away roughly $3 million in a digital yuan lottery for residents.

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China: Suzhou's DCEP trial sees digital yuan on JD.com, Meituan, and Didi

Today, the 11th of December, marked the first day of China’s latest DCEP trial in Suzhou after results of the lottery were announced earlier in the day. The day saw 200 million RMB ($30. 6 million) oThe post China: Suzhou's DCEP trial sees digital yuan on JD.

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Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) price analysis as China distributes $3mln of digital yuan

Cryptocurrency market cap moved about 2% lower today as some investors decided to take profit after the latest push higher. In the meantime, China distributed $3 million of digital yuan. Fundamental analysis: JD.

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Digital Yuan gains major support after initial airdrop

China has airdropped $3 million worth of its Digital Yuan, and the central bank…

The post Digital Yuan gains major support after initial airdrop appeared first on Coin Journal.

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China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It

Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the digital yuan to date. The digital currency will be accepted at 100,000 stores, including JD.

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Suzhou Government to Airdrop $3 Million in Digital Yuan for CBDC Trial

The Suzhou government is set to carry out a test on China’s central bank digital currency (CBDC) by conducting a digital yuan airdrop via a lottery program, which will see the distribution of $3 million worth of digital yuan to some lucky winners.

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China’s Central Bank Has Transacted $300 Million In Digital Yuan So Far

The People’s Bank of China (PBoC) has processed over 4 million separate transactions —  worth more than 2 billion yuan ($299. 07 million) as part of the pilot tests for its central bank digital currency (CBDC).

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China’s Digital Yuan Reaches $300 Million Spent

The People’s Bank of China’s CBDC pilot program has seen $300 million worth of Digital yuan spent, as of Nov 2, 2020. This occurred over four million separate transactions. China’s Digital Future While the race for a large economy to launch a digital currency continues unabated, China is making some headway.

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China’s digital yuan used in 4 million transactions so far

Governor of central bank of China, Yi Gang, today revealed that in its CBDC pilot program, the digital yuan has been used in over four million transactions totaling to more than 2 billion yuan (about The post China’s digital yuan used in 4 million transactions so far appeared first on AMBCrypto.

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China Trials Its Central Bank Currency, The Digital Yuan, In Shenzhen’s Gas Stations

China’s Central Bank assists Shenzhen citizens in using its digital currency as payments to refuel their motor vehicles. The community in the tech hub of China (Shenzhen) received $1. 5 million in digital Yuan, airdropped to gear up the project, 11 gas stations are now accepting digital currency as payments, reported Economic Information Daily.

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China Trials Central Bank Digital Currency with $1.5 Million in Handouts

China continues to push on with its central bank-issued digital currency trials. The latest initiative saw 50,000 citizens receive the digital yuan to use at real-world retailers. The government of the tech hub region of Shenzhen sent out a total of almost 10 million yuan (~$1.

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Nearly 2 Million Sign Up for China’s Digital Yuan ‘Lottery’

Around 50,000 digital "red envelopes," reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.

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Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency

A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency.

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Shenzhen has a new plan for promoting digital yuan

As China continues down the path to issuing its own CBDC across the country, some of its regions are already prepared to help contribute in any way they can. Shenzhen, for example, recently revealed a new program that will see it issue 10 million yuan ($1.

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China to distribute $1.5 million worth of CBDC to Shenzhen residents

In collaboration with the Peoples Bank of China (PBOC), Shenzhen plans to distribute $1. 5 million worth of its Central Bank Digital Currency (CBDC) - the digital yuan. Adopting a promotion strategyThe post China to distribute $1.

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Shenzhen to hand out 10 million digital yuan in currency giveaway

China is promoting its central bank digital currency with a public $1.5 million giveaway.

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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far

China’s central bank digital currency has been used in 3. 13 million transactions worth about 1. 1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed.

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China CBDC Trials: Over $160M in Total Payments From 3M Transactions

China’s ongoing central bank digital currency (CBDC) trials have crossed the 1 billion yuan (~$160 million) milestone. With China pulling ahead in the CBDC race, other nations are reportedly considering floating their own sovereign digital currencies.

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PBoC Secures $4.7M Funding for its Blockchain Trade Finance Platform From Chinese Govt

The People’s Bank of China (PBoC) has secured a funding of 32. 5 million yuan ($4. 7 million) for its blockchain trade finance platform for key research and development projects. The country’s central bank has been spearheading this platform that was launched in Sept.

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