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Indian state governments spur blockchain adoption in public administration

Numerous initiatives by local and state governments in India — from data management systems to verifiable certificate issuances — currently use blockchain technology.

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

The 3AC saga continues, Token 2049 kicks off in Singapore and CoffeeDAO gives mom-and-pop cafes a leg up on Starbucks.

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments.

Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore.

From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center were greeted by the energetic beats from the Polyhedra DJ, then to a hall of booths showcasing the latest innovation in the blockchain industry. Aside from the main show, over 400 side events took place this year.

Among the biggest announcements during the event, KXVC, a subsidiary of Kasikornbank, the largest bank in Thailand with 20 million customers, launched a $100 million fund dedicated to Web3, AI and deep tech firms based in Southeast Asia. KXVC wrote:

“For Web3, KXVC targets Web3 infrastructures, nodes validators, RPC providers, middlewares, modularity technologies, privacy, ZKP, wallets, alternative L1/L2s, shared securities, LsdFi and consumerization of NFTs.”


Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments.

Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore.

From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center were greeted by the energetic beats from the Polyhedra DJ, then to a hall of booths showcasing the latest innovation in the blockchain industry. Aside from the main show, over 400 side events took place this year.

Among the biggest announcements during the event, KXVC, a subsidiary of Kasikornbank, the largest bank in Thailand with 20 million customers, launched a $100 million fund dedicated to Web3, AI and deep tech firms based in Southeast Asia. KXVC wrote:

“For Web3, KXVC targets Web3 infrastructures, nodes validators, RPC providers, middlewares, modularity technologies, privacy, ZKP, wallets, alternative L1/L2s, shared securities, LsdFi and consumerization of NFTs.”


Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

The 3AC saga continues, Token 2049 kicks off in Singapore and CoffeeDAO gives mom-and-pop cafes a leg up on Starbucks.

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

The 3AC saga continues, Token 2049 kicks off in Singapore and CoffeeDAO gives mom-and-pop cafes a leg up on Starbucks.

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

The 3AC saga continues, Token 2049 kicks off in Singapore and CoffeeDAO gives mom-and-pop cafes a leg up on Starbucks.

Token2049 captivates Singapore, Huobi rebrands on 10th Anniversary: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments.

Token 2049, one of the largest crypto conferences of the year, attracted a record 10,000 attendees, 300 speakers and 5,000 companies during the two-day event in Singapore.

From Sept. 13–14, attendees entering the majestic Marina Bay Sands Convention Expo and Center were greeted by the energetic beats from the Polyhedra DJ, then to a hall of booths showcasing the latest innovation in the blockchain industry. Aside from the main show, over 400 side events took place this year.

Among the biggest announcements during the event, KXVC, a subsidiary of Kasikornbank, the largest bank in Thailand with 20 million customers, launched a $100 million fund dedicated to Web3, AI and deep tech firms based in Southeast Asia. KXVC wrote:

“For Web3, KXVC targets Web3 infrastructures, nodes validators, RPC providers, middlewares, modularity technologies, privacy, ZKP, wallets, alternative L1/L2s, shared securities, LsdFi and consumerization of NFTs.”


AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release.

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

AI Eye has been out and about at Korean Blockchain Week and Token2049 in Singapore over the past fortnight, trying to find out how crypto project leaders plan to use AI.

Probably the most well-known is Maker founder Rune Christensen, who essentially plans to relaunch his decade-old project as a bunch of sub-DAOs employing AI governance.

“People misunderstand what we mean with AI governance, right? We’re not talking about AI running a DAO,” he says, adding the AI won’t be enforcing any rules. “The AI cannot do that because it’s unreliable.” Instead the project is working on using AI for coordination and communication — as an “Atlas” to the entire project, as they’re calling it.

“Having that sort of central repository of data just makes it actually realistic to have hundreds of thousands of people from different backgrounds and different levels of understanding  meaningfully collaborate and interact because they’ve got this shared language.”

Near founder Illia Polosukhin may be better known in AI circles as his project began life as an AI startup before pivoting to blockchain. Polosukhin was one of the authors of the seminal 2017 Transformer paper (“Attention Is All You Need”) that laid the groundwork for the explosion of generative AI like ChatGPT over the past year.

Illia Polosukhin

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

AI Eye has been out and about at Korean Blockchain Week and Token2049 in Singapore over the past fortnight, trying to find out how crypto project leaders plan to use AI.

Probably the most well-known is Maker founder Rune Christensen, who essentially plans to relaunch his decade-old project as a bunch of sub-DAOs employing AI governance.

“People misunderstand what we mean with AI governance, right? We’re not talking about AI running a DAO,” he says, adding the AI won’t be enforcing any rules. “The AI cannot do that because it’s unreliable.” Instead the project is working on using AI for coordination and communication — as an “Atlas” to the entire project, as they’re calling it.

“Having that sort of central repository of data just makes it actually realistic to have hundreds of thousands of people from different backgrounds and different levels of understanding  meaningfully collaborate and interact because they’ve got this shared language.”

Near founder Illia Polosukhin may be better known in AI circles as his project began life as an AI startup before pivoting to blockchain. Polosukhin was one of the authors of the seminal 2017 Transformer paper (“Attention Is All You Need”) that laid the groundwork for the explosion of generative AI like ChatGPT over the past year.

Illia Polosukhin

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release.

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release.

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

How Maker, The Sandbox and Near are using AI in crypto, plus terrible workers benefit most from AI and Google’s GPT-4 rival nears release.

AI Eye: Real uses for AI in crypto, Google’s GPT-4 rival, AI edge for bad employees

AI Eye has been out and about at Korean Blockchain Week and Token2049 in Singapore over the past fortnight, trying to find out how crypto project leaders plan to use AI.

Probably the most well-known is Maker founder Rune Christensen, who essentially plans to relaunch his decade-old project as a bunch of sub-DAOs employing AI governance.

“People misunderstand what we mean with AI governance, right? We’re not talking about AI running a DAO,” he says, adding the AI won’t be enforcing any rules. “The AI cannot do that because it’s unreliable.” Instead the project is working on using AI for coordination and communication — as an “Atlas” to the entire project, as they’re calling it.

“Having that sort of central repository of data just makes it actually realistic to have hundreds of thousands of people from different backgrounds and different levels of understanding  meaningfully collaborate and interact because they’ve got this shared language.”

Near founder Illia Polosukhin may be better known in AI circles as his project began life as an AI startup before pivoting to blockchain. Polosukhin was one of the authors of the seminal 2017 Transformer paper (“Attention Is All You Need”) that laid the groundwork for the explosion of generative AI like ChatGPT over the past year.

Illia Polosukhin

Bitcoin futures open interest jumps by $1B: Manipulation or hedge?

Bitcoin spiking above $27,200 amid a big jump in open interest has some analysts asking whether BTC price is being manipulated.

OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report

The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.”

OPNX’s $30M Hodlnaut bid rejected as FLEX token plummets 90%: Report

The interim judicial managers of Hodlnaut argued that the $30 million offer of FLEX tokens is “illiquid” and has “speculative value.”

Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank

The Bitcoin Adoption fund will have long-only exposure to Bitcoin and be available to institutional investors.

Bitcoin Adoption Fund launched by Japan’s $500B Nomura bank

The Bitcoin Adoption fund will have long-only exposure to Bitcoin and be available to institutional investors.

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