Cointime

Download App
iOS & Android

Nano Labs Founder Jack Kong and Singapore Minister Chee Hong Tat Discuss Opportunities for Blockchain, Artificial Intelligence, and Web3 Industry Development

Validated Project

On September 13th, Johnny Ng, Hong Kong Legislative Council Member and Jack Kong, Nano Labs Founder, paid a visit to Mr. Chee Hong Tat, Singaporean Senior Minister of State for Transport and Senior Minister of State for Finance. They had an in-depth discussion on Singapore’s perspectives on the development of Web3, artificial intelligence, and other economic sectors.

In the meeting, Jack Kong and Mr. Chee Hong Tat discussed the development opportunities for Web3 industries like blockchain, artificial intelligence, and Web3.

Mr. Chee Hong Tat who represented the Singapore government, shared plans and policies for technology innovation and talent attraction in Singapore. He emphasized the government’s efforts in promoting the digital economy, Web3, and artificial intelligence, as well as detailed measures to support business development and encourage innovation.

In the discussion, the importance of international cooperation has been emphasized, aiming to create a more prosperous and innovative future through multi-party collaboration.

Comments

All Comments

Recommended for you

  • $1.2 billion in notional value of BTC options and $930 million in ETH options are set to expire

    Greeks.live data shows that on May 17th, 18,000 BTC options with a put/call ratio of 0.63 and a maximum pain point of $63,000 (nominal value of $1.2 billion) will expire. Additionally, 320,000 ETH options with a put/call ratio of 0.28 and a maximum pain point of $3,000 (nominal value of $930 million) will also expire. Greeks.live states that this week, inspired by the meme stock craze in the US, BTC ETFs have seen significant inflows, causing BTC to surge above $65,000. However, the rest of the crypto market remains weak, with trading volume continuing to decline, and the divergence in the options data of BTC and ETH reflects this. Looking at the structure of bulk trades and market trades, the downward trend in IV for major deadlines has ended and entered a consolidation phase, with limited downside potential at present. BTC longs and shorts are relatively balanced, while the weak ETH price has led to a continuous decline in market confidence, with selling calls becoming the absolute main transaction.

  • Tether CEO: 1 billion USDT will be issued on Tron Network, but it has been authorized but not yet issued

    On May 17th, Tether CEO Paolo Ardoino announced that 1 billion USDT had been issued on the Tron Network early this morning Beijing time, but not yet released. This means that the amount will be used as inventory for the next issuance request and chain exchange.

  • On-chain indexing service Subsquid completes financing of US$17.5 million, with participation from DFG and others

    Subsquid, a chain indexing service, announced the completion of a $6.3 million financing through the CoinList community. As of now, its total financing amount has reached $17.5 million, with participation from DFG, Hypersphere, Zee Prime, Blockchange, and Lattice. It is reported that its native token, SQD, is scheduled to be listed this Friday. The Subsquid SDK has been integrated with Google BigQuery, allowing developers to use Google's technology to analyze blockchain data and reduce the data costs of large-scale deployment in the blockchain and developer communities.

  • Optimism 2024 Q1 Report: The implementation of EIP-4844 reduces L1 submission costs by 99%

    Optimism has released its Q1 2024 report, which shows that the number of daily active addresses has reached 89,000 (a 23% increase compared to the previous period), and the daily transaction volume has increased to 470,000 (a 39% increase compared to the previous period). These indicators are slightly lower than the historical high point in Q3 2023.

  • US Secret Service seizes domain used to run cryptocurrency scam

    On May 17th, the US Secret Service seized a domain used for cryptocurrency trust fraud in a "pig-killing plate" scam. In the "pig-killing plate" scam, scammers contact victims through various means, including dating apps, social media websites, and even random text messages disguised as wrong numbers.

  • Peaq Completes $20 Million Fundraising via CoinList Launch

    Peaq, a Layer1 blockchain applicable for DePIN and machine RWA, announced on X platform that it raised $20 million through its native token Launch, which was launched on CoinList from May 9 to May 16. As of now, over 145,000 community members have completed over-subscriptions of over $36 million. The new funds will be used to accelerate the growth of the peqosystem and further consolidate various ecosystem and community plans.

  • LocalMonero to Shut Down in Six Months Amid Regulatory Pressure and Internal Factors

    LocalMonero, a peer-to-peer exchange for trading privacy coin Monero (XMR), has disabled all trades and will be taken down in six months, according to parent company AgoraDesk. The company cited a combination of internal and external factors for the decision, but did not provide specifics. The move follows a trend of P2P crypto trading platforms shutting down due to regulatory challenges, including LocalBitcoins and Paxful. LocalMonero's closure also comes amid pressure from regulatory authorities on privacy coins, with exchanges including Binance and Coinbase delisting tokens like Monero and Zcash.

  • French securities regulator issues new warning to Bybit

    The French securities regulator has issued a new warning to the cryptocurrency exchange Bybit, urging customers to make arrangements for the possibility that the platform may suddenly stop providing services to French customers. The Financial Markets Authority (AMF) stated in a notice on Thursday that the exchange is not registered as a Digital Asset Service Provider (DASP), and therefore is providing services illegally in France. Bybit has been blacklisted by the AMF since May 20, 2022 for illegal operations.

  • Gaming platform Param Labs completes $7 million financing, led by Animoca Brands

    Gaming platform Param Labs has completed a $7 million financing round, led by Animoca Brands with participation from Delphi Ventures and Cypher Capital. Param Labs aims to establish a gaming ecosystem managed by its native PARAM token, which is set to launch soon. The company's first game, "Kiraverse," is a multiplayer shooting game that allows players to earn money while playing.

  • Blockchain SaaS solution AfriDex completes $5 million Pre-Seed round of financing, led by Endeavor Ventures

    AfriDex, a blockchain software-as-a-service solution based in London, UK, announced the completion of a $5 million Pre-Seed round of financing with Endeavor Ventures leading the investment and African Crops Limited, Oldenburg Vineyards, and Hank Oberoi participating. AfriDex is currently focused on the agricultural market, providing comprehensive on-chain solutions to support and protect supply chain participants, utilizing blockchain technology to achieve traceability, frictionless payments, anti-fraud transactions, verified authentication, simplified tax and subsidy management. (finsmes)