ChainCatcher news, according to Jinshi reports, former chairman of the China Securities Regulatory Commission, Xiao Gang, stated on December 22 at the "AI + Finance" summit of the National Wealth Development Research Cooperation Platform that artificial intelligence is a "double-edged sword." On one hand, it leads a new round of technological and industrial revolutions, profoundly changing social production and life, as well as fundamentally altering the landscape and models of the financial industry. On the other hand, it also brings various risks and challenges.From the perspective of intelligent finance, Xiao Gang believes that artificial intelligence greatly enhances the ability of financial institutions to identify, warn, and control risks, but it does not disperse or eliminate financial risks. Therefore, the essence of intelligent finance is still finance, and it must adhere to the basic laws of finance. To strengthen the governance of financial AI algorithms and models, Xiao Gang suggests establishing a governance framework for algorithm models, where laws and regulations form the top level, and this framework also includes objectives, organization, tasks, and ecology.

ChainCatcher message, Li Xiaolai posted on social media: "I caught a glimpse of the future... and I have experienced it more than once," along with a Bitcoin tag.

ChainCatcher news, according to the South China Morning Post, HashKey Group Chairman and CEO Xiao Feng stated in an interview: "If the U.S. Congress and the incoming President Trump clarify cryptocurrency policies, continuously legislate, and promote the development of the industry, this will definitely become a driving force for China to accept (cryptocurrency)."Xiao Feng believes that Washington and its Western allies excluding Russia from the Swift financial information system in 2022 may also prompt Beijing to support the cryptocurrency industry. He said: "If these events had not occurred, China might have needed five to six years from now to accept cryptocurrency business. But now, due to these influencing factors, this timeframe may be shortened to two years." The Chinese government has not yet shown signs of possibly relaxing its ban on digital assets. However, Beijing has allowed Hong Kong to develop its digital asset industry. Xiao Feng stated that if China wants to restore the development of its digital asset market, it can start with a payment and clearing system based on regulated stablecoins.He said: "Stablecoins are currently the best solution for cross-border business-to-consumer trade," citing reasons such as fast transaction speeds and low fees. Xiao Feng mentioned that his HashKey team recently conducted a survey in Yiwu, which found that almost all merchants received inquiries from buyers about whether they could use popular dollar stablecoins (such as USDT and USDC) for payments.

ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange, in collaboration with the Greater Bay Area Financial Association, held a high-end institutional summit in Central, Hong Kong, themed "How Global Changes Affect Asset Allocation." Attendees included Dr. Hong Wen, a member of the Hong Kong Legislative Council, Dr. Xiao Feng, Chairman and CEO of HashKey Group, Wang Long, President of the Greater Bay Area Financial Association, and Weng Xiaoqi, COO of HashKey Group and CEO of HashKey Exchange, who all delivered speeches.Dr. Xiao Feng stated, "Research from university papers shows that incorporating Bitcoin into an asset portfolio can not only significantly reduce the overall portfolio risk but also enhance the risk-adjusted returns, which are quite considerable. With the clarity of global compliance, financial institutions can allocate products.Specifically, in terms of business, HashKey Group is committed to providing comprehensive virtual asset and related services for institutional investors and retail users. Geographically, we have institutions and operations in Hong Kong, Singapore, and Tokyo; vertically, we offer a full range of services from infrastructure construction, cloud services, venture capital support, to helping companies design compliant legal structures and economic models. These are our core businesses and main support points. In terms of trading, we have exchanges in Hong Kong and OTC licenses in Singapore and Tokyo.Currently, the entire HashKey Group has nearly 600 employees distributed across six different countries and regions. This team configuration enables us to provide very professional and attentive services to our clients. Overall, HashKey Group hopes to leverage our expertise and global presence to offer clients the most suitable asset allocation solutions, helping them achieve better returns in an ever-changing market."

ChainCatcher message, Continue Capital co-founder Lin Xiaohong posted on the X platform: "I accidentally exposed that I haven't exited the circle, and passively made the headlines for charity."This morning, an address suspected to belong to Continue Fund was marked by Arkham and fell victim to a phishing attack, resulting in a loss of over 35 million dollars. The victim is suspected to be Continue Capital co-founder Lin Xiaohong.The attack led to the theft of 15,079 fwDETH from his address, and the hacker quickly cashed out through transactions. However, due to insufficient liquidity, the asset value significantly shrank to about 5.5 million dollars.

ChainCatcher news, according to the "Science and Technology Innovation Board Daily," apps such as WeChat, Taobao, and Xiaohongshu have launched a pilot program for "online identity cards." Users can apply for a virtual "online identity card" through the "National Online Identity Authentication App (Certification Version)" for real-name verification. The pilot phase covers 67 applications and scenarios, including the National Government Service Platform, China Railway 12306, Taobao, WeChat, and more. This initiative aims to simplify the identity verification process and ensure user privacy and security.Previously, the Ministry of Public Security and the National Internet Information Office drafted the "National Online Identity Authentication Public Service Management Measures (Draft for Comments)" (hereinafter referred to as the "Draft for Comments"), which contains a total of 16 articles. The core is "to provide services such as applying for online numbers, online certificates, and identity verification for natural persons." The "Draft for Comments" was publicly solicited for opinions from society on July 26, 2024, with feedback due by August 25, 2024.