China News Official TheBitTimes.com

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...

A better insight into wallet permissions and transaction flow can protect crypto users from phishing scams. This year was a turbulent one for the whole crypto space. From NFTs to DeFi and exchanges, all areas of the industry felt the cold blows of crypto winter. Unfortunately, such an unfavorable climate is the perfect breeding ground for scammers to exploit distressed investors’ crypto wallets. The most recent examples of crypto Scams include hackers stealing NFTs through over 500 fake Phishing domains, while robocallers started targeting FTX customers in the aftermath of the exchange’s crash. Such malicious attacks have become an everyday occurrence in the space, and the crypto community is actively working on protective measures. On one hand, investors are becoming wearier when interacting with Web3 domains and signing off access to their crypto wallets. On the other hand, up-and-coming teams are developing tools to give investors more ways to protect themselves against malicious...