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Eddie Yue Reappointed as Chief Executive of Hong Kong Monetary Authority
cryptocurrency

Eddie Yue Reappointed as Chief Executive of Hong Kong Monetary Authority

Eddie Yue has been reappointed as the Chief Executive of the Hong Kong Monetary Authority for another five-year term, beginning in October 2024.

OpenAI Unveils Advanced Embedding Models with Cost-Effective Solutions
cryptocurrency

OpenAI Unveils Advanced Embedding Models with Cost-Effective Solutions

OpenAI announced the launch of new embedding models and API updates, featuring enhanced efficiency, cost reduction, and varied dimension options.

Worldcoin Introduces World ID 2.0: Revolutionizing Digital Identity Verification
cryptocurrency

Worldcoin Introduces World ID 2.0: Revolutionizing Digital Identity Verification

Worldcoin's World ID 2.0 integrates with Shopify, Mercado Libre, Reddit, and Telegram, enhancing user verification and addressing digital fraud.

Reddit to Discontinue Blockchain-Based Community Points Program
cryptocurrency

Reddit to Discontinue Blockchain-Based Community Points Program

Reddit is discontinuing its blockchain-based Community Points program due to scalability issues, moving towards more scalable rewards programs. Despite initial promise, high transaction fees and bandwidth limitations on Ethereum led to a transition to Arbitrum Nova in 2022. However, scaling challenges persisted, prompting the phase-out by early November 2021. The termination caused a significant drop in associated token values. Reddit now focuses on other community incentive programs like the Moderator Rewards Program and the Contributor Program.

He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
cryptocurrency

He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen

In a public letter, He Yi, Co-founder of Binance, discusses the company's compliance strategy, which gains significance amidst a U.S. Department of Justice inquiry initiated on May 6, 2023, 13 SEC charges, and the company's recent exit from the Russian market.

EminiFX CEO Sentenced to Nine Years for $240 Million Crypto Fraud Scheme
cryptocurrency

EminiFX CEO Sentenced to Nine Years for $240 Million Crypto Fraud Scheme

EminiFX CEO, Eddy Alexandre, sentenced to nine years for defrauding investors of $240M through fabricated returns and false AI trading claims.

Reddit Avatars on Polygon Blockchain
cryptocurrency

Reddit Avatars on Polygon Blockchain

Reddit has launched the third generation of its blockchain-based digital collectibles, Reddit Avatars, on the Polygon blockchain. The release has generated excitement and predictions of quick sellouts, but some users have criticized the payment process.

Alexis Ohanian bought 50000 ETH
cryptocurrency

Alexis Ohanian bought 50000 ETH

Ohanian founded 776 Venture Capital using his early ETH and Coinbase investments.

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading
cryptocurrency

HK to Issue Tokenised Green Bond, Open Market for Virtual Assets ETFs Trading

HKFTW2022: In the latest policy statement published in Hong Kong, regulators disclosed issuing tokenized green bonds this year and actively developing virtual assets trading.=

Reddit Community Points Ready for Ethereum Mainnet through Off-Chain Labs
cryptocurrency

Reddit Community Points Ready for Ethereum Mainnet through Off-Chain Labs

Off-Chain Labs has announced that it has been selected to help bring the Community Points (CP) initiative of the Reddit social media network onto the Ethereum Mainnet.

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