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The Third Hong Kong Science Fair Gathers Creative Technologies of the Next Generation

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Over 30,000 Participants Attended the Annual I&T Mega Event

Gold Award-Winning Teams will Embark on a Journey to the International Exhibition of Inventions Geneva to Broaden Their Horizons

HONG KONG, June 10, 2024 /PRNewswire/ — The third Hong Kong Science Fair (‘Science Fair’), organised by the Hong Kong Innovation Foundation (‘HKIF’), was held on June 8 and 9 at the Hong Kong Convention and Exhibition Centre. The event showcased smart solutions and creative technology projects from 120 teams of local and international primary and secondary school students. Local young talent and experts were also invited to share their accomplishments, demonstrating the prowess of Hong Kong’s new generation of creative technology talent. The two-day signature event attracted more than 30,000 visitors, including parents who brought their children to explore the joy of technology, with games and workshops in interactive zones inspiring an innovative spirit from an early age and promoting the culture of innovation and technology (I&T).

Today’s award presentation ceremony was graced by distinguished guests including Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government; Mr Zhang Zhihua, Director General of the Youth Department of the Liaison Office of the Central People’s Government in the HKSAR; Dr Daryl Ng, SBS, JP, Chairman of the HKIF; Mr David Taji-Farouki, President of the Jury, International Exhibition of Inventions Geneva; and members of the Hong Kong Science Fair judging panel including Mrs Ruth Lau, Supervisor, Li Po Chun United World College of Hong Kong; Professor Anderson Shum, Associate Vice-President (Research and Innovation), The University of Hong Kong; Ir Andrew Young, Associate Director (Innovation) of Sino Group. They have shown their support to the young inventors participating in the event, encouraged them to continue shining in the I&T sectors in Hong Kong and globally, and witnessed the naming of the Gold, Silver, and Bronze award-winning teams across the Primary, Junior Secondary, and Senior Secondary divisions, as well as the ‘Most Popular Award’ voted by the public attendees.

Professor Sun Dong, JP, Secretary for Innovation, Technology and Industry of the HKSAR Government, said, ‘The country has recently been advocating the development of “new quality productive forces”, while Hong Kong is moving at full steam to develop into an international innovation and technology (I&T) centre to foster high-quality economic development, and that these are centered on the I&T development. One of the eight major strategies set out by the Government in the “Hong Kong Innovation and Technology Development Blueprint” is to promote an I&T culture for all. The popularisation of science helps enhance the overall I&T atmosphere in the community and facilitate the I&T development in the long run. The Hong Kong Science Fair, through the competition format, encourages students to apply science to address real-life challenges with the “innovative” and “people-oriented” approach. The Government has been making substantial effort to promote STEM education, and the promotion by the community is also crucial. Today’s Science Fair serves as a commendable demonstration of how community-driven initiatives can promote the popularisation of science and technology. The enthusiastic participation and vibrant atmosphere onsite indicate the success of this well-received science event.’

To equip the young inventors with global perspectives, HKIF will support the primary and secondary school teams that won Gold Awards at this year’s Science Fair to participate in the global invention event, the ‘International Exhibition of Inventions Geneva’ in Switzerland, where they will have an opportunity to exchange ideas and share their creative concepts with inventors. ‘The International Exhibition of Inventions Geneva is the largest international invention exhibition in the world,’ said Mr David Taji-Farouki, President of the Jury, the International Exhibition of Inventions Geneva, who came to Hong Kong to participate in the Science Fair for the second time. ‘The recently concluded 49th exhibition featured over 1,000 inventions from around 40 countries and regions. I was delighted to see that the gold award-winning primary and secondary school students from last year’s Hong Kong Science Fair brought their exhibits and showcased their confidence and outstanding communication skills when interacting with people from all over the world during the exhibition. Some of their works were also recognised with awards, demonstrating the creativity of the younger generation in Hong Kong and their global perspective on the application of innovative technologies for tomorrow’s world.’

Dr Daryl Ng, SBS, JP, Chairman of the Hong Kong Innovation Foundation, said during his speech, ‘Innovation and technology are key drivers of nation’s prosperity and sustainable development. The Hong Kong Government is committed to working towards establishing Hong Kong as an international hub for innovation and technology. We are delighted that the Science Fair has received widespread support and participation and is able to play a role in inspiring the I&T journey of young innovators. I notice that many parents participated in the event with their children today, aiming to nurture their interest and capability in I&T. I look forward to seeing these young people utilise technology and an innovative mindset to contribute to society in the future, injecting fresh vitality into Hong Kong’s I&T ecosystem.’

The third Hong Kong Science Fair was successfully concluded with the support of Cyberport, Hong Kong Science and Technology Parks Corporation, The University of Hong Kong, The Hong Kong University of Science and Technology, MIT Hong Kong Innovation Node, and over 40 partners from different sectors in society. The Science Fair received around 330 entries from around 1,400 Primary 4 to Secondary 6 students and teachers representing 130 local and international schools, including about 50 schools participating for the first time. The projects covered categories including ‘Smart City & Smart Home’, ‘Medical & Healthcare’, ‘Sustainability’, and ‘Education’. 120 shortlisted teams presented their innovative concepts and development processes at the Science Fair, and the Gold Awards winners are Ng Clan’s Association Tai Pak Memorial School (Project: 「掃」書郎), Pui Shing Catholic Secondary School (Project: 除除善友) and TWGHs Li Ka Shing College (Project: 盲人回憶攝錄機) from the Primary, Junior Secondary and Senior Secondary divisions respectively. Singapore International School (Hong Kong) (Project: Smart Anti-Flooding Environment (SAFE)), St. Stephen’s Girls’ College (Project: 智惜冷藏) and St. Paul’s Convent School (Project: Tide) were voted by the on-site public as the winners of the ‘Most Popular Award’.

The Science Fair featured innovative technological advancements from local universities and institutions, allowing young talent to share their passion and experiences. The showcases included the Surface Sampling and Packing System developed by the research team of the Hong Kong Polytechnic University in collaboration with the China Academy of Space Technology for the country’s first lunar sample return mission, ‘Chang’e 5’, and the first sample return mission to the far side of the moon in human history, ‘Chang’e 6’. The latest generation solar electric vehicle models,  SOPHIE 8 and MOBO-II, developed by the Solar Car Team of the Vocational Training Council, and the Marine-cleaning Robot from a local startup, Clearbot, were also exhibited. The event also invited guest speakers from different institutions to share insights on real-world applications of innovative technologies and their development, fostering collaboration between industry, academia, and the public.

The Science Fair also featured six interactive zones to engage families in the exploration of innovative technologies through games and activities, including the most popular ‘Laboratory Series’ workshops. In the ‘Magic Vit-C’ workshop, participants were able to explore the chemical interactions between vitamin C and fresh cut fruits and deepen their understanding of food science; the ‘Sand-sitivity’ workshop offered a creative learning experience by manipulating the texture and colour of sand to stimulate the senses; while in ‘Draw Me to the Stars’, technology was used to transform physical drawings into a virtual imaginary world, bringing a fantastic immersive experience to the Science Fair.

The above press release is published by Ogilvy Public Relations on behalf of Hong Kong Innovation Foundation.

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SOURCE Hong Kong Innovation Foundation

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

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SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

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SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

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SOURCE Chaos Labs, Inc.

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