ChainCatcher news, the Hong Kong InvestHK and the Swiss Crypto Valley Association (CVA) have signed a Memorandum of Understanding (MoU). The agreement was signed on June 6, 2024, aiming to strengthen cooperation, particularly in the areas of blockchain and cryptocurrency technology.The agreement also aims to regularly provide the latest market information to companies in Hong Kong and Switzerland, encourage business development in key sectors, and promote bilateral investment through business delegations and investment promotion activities. The Memorandum of Understanding is an important step towards enhancing the interconnectedness of the global fintech ecosystem.

ChainCatcher news, according to Cointelegraph, Ethereum co-founder Joseph Lubin stated at the FT Cryptocurrency and Digital Assets Summit that the U.S. Securities and Exchange Commission (SEC) is deliberately hindering innovation, which threatens the existing financial landscape in the United States.Joseph Lubin mentioned that the SEC seems to have reclassified Ethereum as a security, and they are taking a series of strategic enforcement actions instead of engaging in open discussions and clear rule-making. "I think they are concerned that so much attention and capital will flow into our ecosystem because our ecosystem is making tremendous progress in scalability and usability."

ChainCatcher message, Ethereum co-founder Vitalik Buterin released the latest blog "Prospects and Challenges of Crypto + Artificial Intelligence Applications". There are many ways to classify artificial intelligence, and Vitalik categorizes it as follows:Artificial Intelligence as Game Participants [Highest Feasibility]: AI that participates in mechanisms where the ultimate source of incentives is a protocol with human input.Artificial Intelligence as Game Interfaces [Great Potential, but Risky]: AI helps users understand the crypto world around them and ensures that their actions (i.e., signing information and transactions) align with their intentions, preventing them from being deceived or scammed.Artificial Intelligence as Game Rules [Caution Advised]: Blockchain, DAOs, and similar mechanisms directly invoke AI. For example, "AI Judges".Artificial Intelligence as Game Objectives [Longer-term, but Intriguing]: The goal of designing blockchains, DAOs, and similar mechanisms is to build and maintain an AI that can be used for other purposes, better incentivizing training or preventing AI from leaking private data or being misused through crypto tokens.The most challenging applications attempt to use blockchain and crypto technology to create "singleton" applications: that is, a decentralized and trustworthy AI that certain applications will rely on to achieve specific purposes. These applications have great potential in functionality and enhancing AI security, avoiding the centralized risks associated with mainstream methods of addressing the issue. However, the underlying assumptions also have many ways they could fail; therefore, it is worth proceeding with caution, especially when deploying these applications in high-value and high-risk environments.

ChainCatcher news, according to Bloomberg, Nasdaq Co-President Cohen stated that Nasdaq will repurpose cryptocurrency technology to develop the carbon market. Nasdaq suspended the launch of its digital asset custody business in July 2023, to which Cohen remarked, "We will still launch it, but as a technology service. We will have an institutional-grade end-to-end technology platform that can power not only digital assets but also markets like carbon."

ChainCatcher news, Spanish crypto startup CryptoTechFin has completed nearly 500,000 euros in Pre-Seed funding, led by Not Just Investments and R2 Seed Investments. The funds will be used to open new customer segments to assist in the creation of Swiss ISIN investment products focused on professional and institutional investors. (Source link)

ChainCatcher news, according to CoinDesk, Changpeng Zhao stated at the World Economic Forum annual meeting on Wednesday that people in the crypto industry should focus on the fundamentals of crypto technology rather than being distracted by the money in the field. He mentioned that when the hype fades, all the speculation will disappear, and what matters is the fundamentals. In the crypto industry, many people get distracted because they are too close to money, and their only focus is on making profits.Changpeng Zhao reiterated his belief that cryptocurrency, as a new payment system, needs to be advanced slowly, cautiously, and steadily to avoid causing significant disruption. What is important is not a specific cryptocurrency, blockchain, or exchange, but the underlying technology that is evolving and will continue to evolve in the future. (source link)

ChainCatcher news, BlackRock CEO Larry Fink stated that the currently bankrupt cryptocurrency exchange FTX seems to have engaged in misconduct, but the technology behind cryptocurrencies is also closely related to future development. Larry believes that after the collapse of FTX, most crypto companies will also follow suit and go bankrupt. Despite the numerous issues with FTX, cryptocurrency technology will be very important, "I believe the next generation of markets or the next generation of securities will achieve tokenization."ChainCatcher previously reported that BlackRock invested $24 million in FTX. (source link)

ChainCatcher news, according to Bloomberg, a Binance spokesperson stated that Binance is forming a new team dedicated to researching how to use blockchain and cryptocurrency technology to assist Twitter.Today, Zhao Changpeng confirmed that Binance has officially become one of Twitter's investors, having sent $500 million to Musk to help him acquire Twitter. Binance stated that it will brainstorm ideas to assist Musk in developing Twitter's operational plans and strategies. The new Binance team will explore how to build on-chain solutions to address existing issues at Twitter, including the rampant bot account problem that Musk has complained about multiple times.It is reported that Twitter is currently exploring ways to integrate blockchain technology under the leadership of co-founder and former CEO Jack Dorsey, who is also a supporter of Bitcoin. (source link)

ChainCatcher news, the encrypted venture capital firm IOBC Capital announced several globalization plans at the "Crypto Grand Voyage" event in Singapore. IOBC Capital partner Alva Xu stated, "IOBC is divided into two business segments: direct investment and FOF. In terms of FOF, IOBC Capital has invested in several top crypto venture capitals this year and will continue to invest in many high-quality crypto venture capital firms globally in the near future; in terms of direct investment, IOBC Capital has participated in projects including bloXroute and LayerZero, and will focus on innovative projects in infrastructure and middleware sectors next."At the same time, IOBC Capital also announced a funding plan for high-quality non-profit technology research organizations worldwide to help advance the industry and build a high-quality crypto ecosystem together.In addition, Alva Xu mentioned that offices have been opened in the United States and Europe, and teams will be established to open offices in Singapore, Dubai, and other locations in the near future.

Chain catcher news, the crypto technology service provider ChainUp has appointed former Singapore Prime Minister and Chairman of OCBC Bank Goh Chok Tong as a special legal advisor to the board.It is reported that ChainUp is a provider of blockchain solutions including exchange infrastructure, liquidity services, crypto wallets, NFTs, and mining. Goh Chok Tong served as Singapore's Prime Minister from 1990, succeeding Lee Kuan Yew, and was the Secretary-General of the People's Action Party from 1992 until 2004. From 2004 to 2011, he served as the Senior Minister. (Source link)