ChainCatcher news, Sydney Lai, co-founder of Gaia and head of developer relations, was interviewed by ABS-CBN News in the Philippines, where he shared Gaia's future vision for AI.It is reported that Gaia is a decentralized open-source artificial intelligence infrastructure platform that enables developers to create, deploy AI agents, and profit from them. The platform provides secure, collaborative AI development through decentralized applications, thereby realizing a transformative AI ecosystem based on the principles of decentralized computing and data ownership.

ChainCatcher news, Komainu, a compliant crypto custody company jointly established by Nomura Securities, Ledger, and Coinshares, plans to acquire its competitor Propine Holdings Pte Ltd. in Singapore.Komainu's co-CEO Paul Frost-Smith stated in an interview that the acquisition of Propine is awaiting approval from the Monetary Authority of Singapore, which could be the first of several acquisitions. He declined to disclose the specific amount of the acquisition.Frost-Smith mentioned that acquiring Propine would enable Komainu to obtain a capital markets services license in Singapore, adding that this is an absolutely critical factor for establishing the business. Komainu is accelerating its expansion in Asia, having established regulatory frameworks for digital assets in economies ranging from Singapore to Hong Kong and Japan over the past few years.

ChainCatcher news reports that former Philippine mayor Alice Guo is associated with the now-defunct Atom Asset Exchange (AAX), which laundered money and stole customers' crypto assets in 2022.Additionally, Hong Kong police stated that Su Weiyi is the "mastermind" behind AAX, which once had over 2 million users and is now closed. He is accused of absconding with at least $2.15 million of customer cryptocurrency. However, a petition claims that this figure is at least $30 million. Su Weiyi co-owns other companies with partners linked to convicted felons Alice Guo and Huang Zhiyang (Baofu partner).Guo faces 87 charges of money laundering, as well as charges of operating an illegal gambling syndicate and human trafficking. If convicted, she and her accomplices could face up to 1,218 years in prison. Guo denies all charges.

ChainCatcher live report, at the Solana 2024 Breakpoint conference, the CEO of the Philippine cryptocurrency exchange Coins.ph, Wei Zhou, announced the launch of the Philippine peso stablecoin PHPC on Solana.PHPC will go live on Solana in the next quarter and will introduce PHPC/USDT and PHPC/USDC liquidity pools to Solana.It is reported that Coins.ph is a leading crypto application in Southeast Asia, with over 16 million users, offering authorized fiat and cryptocurrency wallet and trading services, including cryptocurrency, e-wallets, and payments. The company is regulated by the Bangko Sentral ng Pilipinas (BSP) and holds a virtual currency and electronic money issuer license issued by the central bank.

ChainCatcher news, the Philippine National Police (PNP) arrested 99 individuals suspected of involvement in cryptocurrency and romance scams during a raid in Parañaque City. The unregistered company forced both foreign and local employees to engage in illicit activities.Investigations revealed that the company used customer service representatives to impersonate wealthy models and other roles to deceive victims into investing in manipulated cryptocurrency trading platforms, demonstrating clear fraudulent intent.Police identified 64 foreign nationals and 32 Filipino employees as customer service representatives involved in the scam. Key figures include company manager Nan Shan, owner Su De Tu, and supervisor Wu Jian Bin. Those involved will face charges under the Cybercrime Prevention Act of 2012 and the Philippine Securities Regulation Code.

ChainCatcher news, according to market news, the Central Bank of the Philippines has lifted the ban on establishing digital banks, and it will allow up to 10 digital banks to operate.

ChainCatcher news, according to Decrypt, the Layer 1 blockchain Venom Foundation has announced a historic agreement with the Republic of the Philippines to digitize billions of forms using its advanced blockchain technology.By staking on Venom, the Philippine government has demonstrated unprecedented trust and confidence in blockchain as a national-level operational solution that is secure, scalable, and efficient. This move is expected to revolutionize the way governments and large institutions handle data, transactions, and record-keeping, setting new standards for transparency and efficiency.Utilizing Venom technology to digitize approximately 10 billion traceable forms, including but not limited to invoices or receipts, cash tickets, document stamp duties, and special bank receipts, and to individually identify, account for, and provide appropriate security for them. This initiative marks a new phase in the country's digitalization process.

ChainCatcher news, the Bangko Sentral ng Pilipinas (BSP) reminds the public to be vigilant against video and audio scams involving artificial intelligence manipulation, which promote false information related to cryptocurrency investments.The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the so-called cryptocurrency project "Tesler Code" or any other cryptocurrency investments. Distorting the BSP or its officials is a punishable offense. To avoid becoming a victim of these scams, the BSP advises the public to exercise caution, refrain from sharing personal information with unverified entities, and verify the legitimacy of communications claiming to represent the BSP.

ChainCatcher news, according to Bitcoin.com, the Philippine Department of Justice (DOJ) announced last week that it has filed criminal charges against two Russian citizens, accusing them of stealing cryptocurrency XRP worth 340 million Philippine pesos (approximately 6.2 million USD) from local dealers.According to the charges filed with the Taguig Regional Trial Court, the defendants Vladimir Evgenevich Avdeev and Sergey Yaschuck are facing charges under Republic Act No. 10175, the Cybercrime Prevention Act of 2012.Avdeev and Yaschuck served as consultants for Coins.ph, a Philippine cryptocurrency exchange under Betur Inc., and are alleged to have hacked into the company's system, resulting in the theft of 12.2 million XRP.

ChainCatcher message, the stablecoin PHPC officially supported by the Central Bank of the Philippines is now live on the Ronin Network, with technical support provided by the Philippine crypto exchange Coins.ph.

ChainCatcher news, according to The Paper, recently, two Chinese nationals were kidnapped and murdered in the Philippines, with police from three countries involved in the investigation. The families are still waiting for the autopsy results and updates on the investigation. The media learned from multiple sources that the two victims were engaged in the medical device industry and belonged to different companies. One was a Chinese citizen and the other was a Chinese American, who were kidnapped after arriving in the Philippines and were found dead on June 24.The family of the Chinese American, Ms. Yang, stated that the kidnappers demanded 15 million RMB to be converted into USDT cryptocurrency and sent to a designated account. Her family did not pay the ransom, while the family of Mr. Xia also received similar ransom demands and paid 3 million RMB.

ChainCatcher message, according to CoinMarketCap data, shows that in Japan, BTC reached a historic high of 11.2 million yen during early trading on May 21. In recent months, the local currency has continued to weaken against the US dollar, with a 10% decline in the exchange rate since the beginning of the year.On May 21, the price of Bitcoin also peaked in Argentina, reaching 63.8 million Argentine pesos (ARS), slightly above the mid-March peak. This South American country has been struggling with an inflation rate currently as high as 290% and currency devaluation over the past few years.Similarly, on May 21, the value of one Bitcoin in the Philippines briefly hit a historic high of 4.18 million pesos (PHP), breaking the mid-March high.

ChainCatcher news, Bloomberg senior ETF analyst Eric Balchunas posted that Pine Ridge Advisers holds $205 million in IBIT, FBTC, and BITB, accounting for 23% of its total assets under management.

ChainCatcher news, the Central Bank of the Philippines has approved a stablecoin called PHPC, which is pegged to the Philippine peso. This move aims to facilitate cost-effective remittances, supported by cash and cash equivalents from Philippine banks, and will initially be launched on the Coins.ph platform, with plans to expand to other platforms.It is understood that PHPC will be the first retail-focused stablecoin backed by the peso, offering real-time trading around the clock.

ChainCatcher news, according to Bitcoin.com, the chairman of the Philippine Securities and Exchange Commission, Emilio B. Aquino, announced plans to introduce a cryptocurrency regulatory framework in the second half of 2024, aimed at protecting the interests of Filipinos engaged in cryptocurrency trading.

ChainCatcher message, Binance will remove and cease trading for the following spot trading pairs: April 26, 2024, 03:00 (UTC): ALPINE/BTC, FRONT/TUSD, HARD/BTC, RUNE/TUSD, SSV/TUSD, WIN/BRL.

ChainCatcher news, the Philippine Securities and Exchange Commission has taken action to remove the Binance app from the Google and Apple app stores.

ChainCatcher news, according to the official announcement, Binance leverage has added Alpine F1 Team Fan Token (ALPINE), FC Barcelona Fan Token (BAR), and Manchester City Fan Token (CITY) for full margin borrowing and collateral assets, as well as more FDUSD, USDC, and BTC full margin and isolated margin trading pairs.