China News Official TheBitTimes.com

In the realm of cryptocurrency exchanges, a new player has emerged, led by a former executive from Luno, the prominent Malaysian market leader. This innovative exchange has set its sights on a diverse audience, including investors, businesses, and high-net-worth individuals. Hata , a Malaysia -based venture, has secured preliminary approval from the Securities Commission Malaysia (SC) to establish itself as a Recognized Market Operator (RMO), both as a digital asset exchange and a digital broker. This significant approval paves the way for Hata to launch its services within the next six to nine months, marking a pivotal milestone in the cryptocurrency landscape. Hata is poised to become the fifth regulated digital asset exchange in Malaysia, but it holds the distinction of being the first legal entity to receive approval as a digital broker. This unique status empowers Hata to display trade orders from other regulated exchanges, enhancing its role in the digital asset ecosystem....

Toyota continues its ongoing exploration into integrating blockchain technology within its corporate and developmental ecosystems. The Toyota GR Cup, a North American racing series held by Toyota Gazoo Racing, recently announced it will start awarding digital trophies and record driver performances on the Polygon block chain .  Image source: Toyota press release. Per a press release, the new on-chain awards system will include digital trophies for podium finishers (drivers who take first, second, or third place in a race). The ledger entries will also include statistics about the race and the drivers performance. According to Jack Irving, executive commercial director for Toyota Racing Development (TRD), the point of the program is to put driver’s accomplishments on chain so fans can interact with them: “Blockchain helps us keep a permanent digital record of drivers' achievements that they can share with their friends, family and fans. It also allows us to develop new opportuni...

China’s central bank governor Yi Gang says $250 billion were transferred via digital yuan since its pilot start 18 months ago. The conference held in Singapore on July 19 shed light on the progress of the country’s central bank digital currency (CBDC), which has seen transactions totaling 1.8 trillion yuan by the end of June. MAS is honoured to have Dr Yi Gang, President of China Society for Finance and Banking as the speaker for the MAS Lecture 2023. Dr Yi spoke on “CBDC from China’s perspective”. Find out more here: https://t.co/UbikjgQhRn pic.twitter.com/UuQwOQe8n0 — MAS (@MAS_sg) July 19, 2023 The digital yuan’s rollout began in January 2022. It has garnered significant interest, with approximately 120 million wallets used for roughly 950 million transactions. On average, each transaction amounts to about $260. You might also like: Hong Kong launches pilot CBDC program Despite the enormous transaction volume, the digital yuan’s adopt...

The NFT will give holders access to behind-the-scenes content uploaded by Snoop Dogg while on tour. Rap icon and entrepreneur Calvin Cordozar Broadus Jr., more commonly known as Snoop Dogg, dives into Web3 once again with a nonfungible token (NFT) project that will allow his fans to follow his life on tour. In an announcement, the rapper unveiled the Snoop Dogg Passport Series, an NFT collection that provides access to various content, such as behind-the-scenes videos and photos uploaded by Snoop Dogg while on tour. Holders of the NFT passport will also be eligible for future releases like artwork and merchandise. According to the rapper , he’s long been “pushing things forward” and believes digital merch is a part of the future. He also encouraged other artists to follow his steps: “I’m hoping other artists can see what I’m doing and continue to innovate on their own,” Snoop Dogg said in a statement. The project was developed in collaboration with the Web3 platform Transient Labs...