ChainCatcher news, Web3 payment infrastructure company MoonPay announced that Venmo users in the United States can now use MoonPay to purchase cryptocurrency. With this integration, users can buy tokens using their Venmo balance. This feature is now live and will soon be rolled out across the MoonPay partner network.

ChainCatcher news, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, recently pointed out in an article in the "Current Affairs Report" that the digital renminbi features a dual-layer operational framework, combining both account and value models. In the future, the digital renminbi will deepen its development in areas such as cross-border payments and smart contracts, aiding in the internationalization of the renminbi and the construction of a unified domestic market.The digital renminbi integrates both account and value models and achieves a unified ledger through data capability construction: under the account model, it can be integrated and interconnected with the traditional banking account system; under the value model, it can facilitate value exchange in the form of currency strings, providing smart payments on the blockchain and usable in extreme offline scenarios such as "no network" and "no electricity," optimizing traditional trade finance processes and supporting cost reduction and efficiency enhancement.

ChainCatcher news, according to Tencent News "Frontline" report, in response to the rumors that "the central bank's digital renminbi platform will distribute digital asset dividends," the Digital Currency Research Institute of the People's Bank of China has issued a stern denial.Relevant individuals emphasized that the institute has never released such information, nor has it organized any registration or subscription for "digital assets," or distributed "digital asset dividends." Previously, criminals misused the name of the institute to release false information involving "joint approval by the Ministry of Finance and the National Data Bureau" and "launching the second batch of asset registration review." The official reminder urges the public to remain vigilant against fraud and reiterates that the official download channels for the digital renminbi App are limited to major application markets and the official website.

ChainCatcher news, Ethereum Name Service (ENS) announced that PayPal and Venmo have integrated ENS into their payment platforms. When sending cryptocurrency on PayPal or Venmo, simply enter the ENS domain name, and the platform will automatically resolve it to the wallet address. This feature will be initially available to users in the United States.

ChainCatcher message, the full text of the revised "Regulations on Promoting the Construction of an International Financial Center in Shanghai" has been released, which states that the Shanghai Municipal People's Government shall cooperate with the central financial management departments to steadily promote the research and application of digital RMB in the city, build functional platforms such as a digital RMB innovation and operation center, facilitate the cross-border use of digital RMB, study applications of digital RMB supporting blockchain value system payments, and promote more projects to be included in the multilateral central bank digital currency bridge.The local financial, development and reform, finance, commerce, transportation, data, civil affairs, education, and other departments of Shanghai should cooperate with the central financial management departments in the city's institutions to promote the application and promotion of digital RMB, innovate and enrich the application scenarios of digital RMB.The local financial department of Shanghai should cooperate with relevant municipal departments to support financial institutions, fintech companies, and others in participating in the construction of urban computing power infrastructure, blockchain infrastructure, public data open infrastructure, and so on. The city supports financial institutions, financial infrastructure operation institutions, and others in strengthening the application of technologies such as blockchain, artificial intelligence, and big data, improving risk control systems, and expanding the supply of financial products and services.

ChainCatcher message, f2pool data shows that, based on an electricity cost of $0.06 per kWh, the mining machines such as Shennma M30S++ (shutdown coin price $57,513), Shennma M33S++ (shutdown coin price $57,514), Avalon A1346 (shutdown coin price $55,657), and Antminer S19 Pro (shutdown coin price $54,813) are all approaching their shutdown coin prices.

ChainCatcher news, according to the Zhejiang Procuratorate public account, recently a criminal gang in Shaoxing City, Zhejiang Province illegally cashed out over 200,000 yuan within four days using digital RMB accounts. Several individuals lured merchants with digital RMB accounts through shopping and casual conversations. After the merchants agreed to cash out, they first converted a certain amount of their own money into virtual currency as a deposit to transfer to the upper-level operator, and then sent the digital RMB payment code to the upper-level operator. Once the fraudulent funds entered the merchant's digital RMB account, the merchant deducted a handling fee ranging from 1% to 1.5% and cashed out the corresponding amount. The Yuecheng District Procuratorate filed a public prosecution, and the court sentenced Yuan, Zhang, and Kou to fixed-term imprisonment ranging from one year and four months to seven months for the crime of concealing and disguising criminal proceeds, along with fines.Prosecutors remind the public to enhance their understanding of digital RMB, pay attention to protecting personal information, and report any suspicious situations promptly to safeguard their property security.

ChainCatcher news, Economic Daily published an article titled "Accelerate the Application of Digital Renminbi and International Cooperation".The article points out that it is necessary to strengthen cooperation with economies that are major trade partners of our country, economies that have a demand to reduce reliance on other major currencies, and economies that have a demand for currency diversification in international transaction pricing, clearing, and foreign exchange reserves. It advocates for actively and steadily carrying out pilot projects for cross-border payment clearing and international cooperation with digital renminbi through multiple measures, expanding the coverage and application of digital renminbi in regional economic trade and investment cooperation, enhancing the inertia and stickiness of using digital renminbi, researching and analyzing the reserve demand for digital renminbi from trading partner countries, and better considering the promotion of digital renminbi in the construction of the cross-border payment system and the cross-border receipt and payment information management system for renminbi.In addition, further research should be conducted to improve the application of multilateral central bank digital currency bridge solutions in cross-border fund allocation, international trade settlement, and foreign exchange transactions, addressing the existing challenges of low security, low transparency, low efficiency, and high costs in several mainstream models of cross-border payment and clearing.

ChainCatcher news, the Hong Kong Monetary Authority announced further progress in cooperation with the People's Bank of China on the cross-border payment pilot of the digital renminbi, expanding the pilot scope of the digital renminbi in Hong Kong, facilitating Hong Kong residents to open and use digital renminbi wallets, and adding value to the digital currency wallets through "Faster Payment System."With this expansion of the pilot scope, users can now open and use personal digital currency wallets in Hong Kong simply by using a Hong Kong mobile phone number. The digital currency wallet can be used for cross-border payments but cannot be used for transfers between individuals. Hong Kong users can add value to their wallets through the local 17 retail banks via "Faster Payment System." The digital renminbi can be used not only in the Greater Bay Area but also in other pilot areas in the mainland.

ChainCatcher news, billionaire and legendary investor Stanley Druckenmiller stated that the U.S. government should provide more support for blockchain, "Now you have blockchain, you have artificial intelligence, you have the whole thing. What the government needs to do is get out of the way and let them innovate."

ChainCatcher news, according to f2pool data, with an electricity cost of $0.06 per kWh, the Antminer S19, Shenma M30S+, Shenma M33S+, and other miners are approaching shutdown coin prices after the halving.

ChainCatcher news, according to Jinshi reports, the Hong Kong SAR government's new financial budget was announced today. The Financial Secretary of the Hong Kong SAR, Paul Chan, stated that the "digital renminbi" will expand its pilot scope in Hong Kong, allowing citizens to conveniently open and use digital renminbi wallets, and to top up through "Faster Payment System," further enhancing cross-border payment efficiency and user experience.

ChainCatcher news, according to the Economic News Agency, the Hong Kong General Chamber of Commerce has submitted a proposal regarding the upcoming "Financial Budget" to be announced by the Financial Secretary. The Executive Vice Chairman of the Hong Kong General Chamber of Commerce, Chen Ruijuan, suggested that the authorities consider allowing the issuance of a renminbi stablecoin or a stablecoin pegged to a basket of currencies (including renminbi, Hong Kong dollar, or US dollar stablecoins), while also establishing a virtual asset connectivity program with an initial daily trading limit set at approximately HKD 20 billion.

ChainCatcher news, PayPal announced that U.S. Celsius creditors can receive their allocated BTC and ETH through PayPal and Venmo. Creditors can log in to PayPal and Venmo and enter the unique claim code provided by Celsius to receive their allocations. The Celsius token distribution starts today and will continue over the next few weeks.

According to ChainCatcher news, citing official WeChat messages, to further support the application scenarios and ecological construction of the digital renminbi, WeChat Pay has partnered with hundreds of acquiring institutions to further expand the range of merchants that can use digital renminbi within WeChat. Currently, millions of merchants covering various fields such as life services, utility payments, dining and entertainment, and transportation, including scenic spots, museums, multiple local utility payment platforms, T3 Travel, Hello Bike, SF Express, and Southern Power Grid, are included. Support for various life services and utility payments will further enrich the daily usage scenarios of digital renminbi, allowing users to experience digital renminbi transactions through WeChat's convenient mini-program scenarios.

ChainCatcher news, the Monetary Authority of Singapore (MAS) announced new digital finance and capital market initiatives, including a cross-border digital yuan pilot between China and Singapore, allowing travelers from both countries to use digital yuan for tourism consumption in Singapore and China, in order to expand financial cooperation with China.

ChainCatcher news, according to China Daily, with the first crude oil transaction settled in digital yuan on Thursday, China's currency internationalization process has taken a significant step forward. By purchasing 1 million barrels of crude oil, China National Petroleum Corporation completed the first international crude oil transaction settled in digital yuan at the Shanghai Petroleum and Natural Gas Exchange (SHPGX). However, the announcement released by the Shanghai Petroleum and Natural Gas Exchange on Friday did not disclose the exact value of the transaction or the identity of the seller.The Shanghai Petroleum and Natural Gas Exchange announced on its website that the transaction is part of its efforts to meet the Shanghai municipal government's requirements for using electronic yuan in cross-border trade.

ChainCatcher news, payment giant PayPal's social payment platform Venmo will launch the PayPal USD stablecoin PYUSD. PayPal stated in a press release that its ERC-20 stablecoin will be available for purchase in "the coming weeks," and users will be able to buy PYUSD through PayPal, Venmo, or compatible external wallets and send it to others.Previous news, PYUSD is issued by Paxos and is backed by USD deposits, short-term government bonds, and similar cash equivalents. Currently, Coinbase has launched the PayPal USD stablecoin PYUSD.

ChainCatcher news, according to a report by The Paper, Mu Changchun, director of the Digital Currency Research Institute of the People's Bank of China, stated at the main forum of the "2023 China International Financial Annual Forum" during the 2023 China International Service Trade Fair on financial services that after completing the upgrade of currency, the payment tools for the entire society will also need to be upgraded to the new currency accordingly.The first to achieve the upgrade will be the payment tools used in retail scenarios, specifically using digital RMB as the payment tool in all retail scenarios. Wallet providers such as WeChat, Alipay, the commercial bank's mobile banking app, and other third-party payment institution apps, as well as digital RMB operating institutions, must have compliance awareness, obtain the corresponding financial licenses, and comply with regulations. In the short term, we can first unify the QR code standards from a technical perspective to achieve mutual recognition of barcodes; in the long term, we will steadily realize the upgrade of payment tools.The payment tools used in wholesale payment scenarios also need to be upgraded. Currently, the interbank payment clearing system and the internal systems of commercial banks that support wholesale payments are operating normally and can meet the needs of China's economic development. To avoid wasting existing systems and resources, there is no need to replace them with a central bank digital currency system, but we can achieve seamless connectivity by ensuring that digital RMB is fully interoperable with existing electronic payment tools and commercial bank deposits.Additionally, for financial market infrastructures that were previously uncovered, digital RMB can be used for settlement, and smart contracts can be utilized to achieve delivery versus payment (DVP) and payment versus payment (PVP), thereby improving the efficiency of wholesale payments.