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Derrick Choi, Product Manager at OpenAI Codex: The AI developer community in Thailand is growing rapidly. Codexs weekly active usage in Thailand is projected to increase more than 350-fold by 2026. OpenAI, in collaboration with Thailands Ministry of Higher Education, Science, Research and Innovation, will bring together 10 Thai startups for an eight-week accelerator program.On August 29th, Italian oil company Eni stated that it is cooperating with Venezuelan authorities to help revitalize the countrys energy sector. This comes as the United States seeks to strengthen its control over Venezuelas vast oil industry. Eni stated, "We are working with our Venezuelan partners and all other relevant parties to support the revitalization of the countrys energy sector." Eni made these remarks as the Trump administration seeks a significant role in Venezuelas oil industry, including a plan for the US to control 55% of the actual production of a joint venture. This joint venture involves oil fields with approximately 65 billion barrels of proven reserves. Eni is also expanding its operations in Venezuela. The company has been negotiating new contracts for the Junín-5 and Corocoro oil projects and recently signed a natural gas export agreement for the large Perla gas field.On August 29th, at a thematic exchange event during the 2026 China International Big Data Industry Expo, an official from the National Data Administration stated that as of the end of July 2026, the total scale of intelligent computing nationwide reached 2.45 million PFLOPS (FP16). The eight national computing power hubs and three computing-power collaborative development zones have built up over 85% of the nations intelligent computing capacity. 1.45 million PFLOPS of intelligent computing power have been included in the monitoring scope of the national-level monitoring and scheduling platform, and the ability to intensively utilize computing resources and conduct integrated scheduling is continuously improving. Going forward, the National Data Administration will continue to optimize computing power layout to enhance supply capacity, strengthen monitoring and scheduling to improve utilization efficiency, deepen computing-power collaboration, cultivate the industrial ecosystem, and comprehensively promote the high-quality development of computing power.August 29th - According to the UKs Daily Telegraph, British Prime Minister Burnham has abandoned two key green taxes pushed by former Prime Minister Starmer, shifting away from the costly net-zero emissions policy. Burnham has shelved plans to levy environmental fees on waste incineration facilities and ports. This move comes amid growing concerns within the British government about the extent to which cumbersome regulations are driving up prices and worsening the actual living conditions of households. Starmer had planned to expand the UKs Emissions Trading System (ETS) to include waste incineration facilities and domestic ports. Under the ETS, businesses must pay for emissions exceeding government-set limits. Officials from the UKs Department for Energy Security and Net-Zero Emissions announced that this adjustment will be shelved indefinitely. Meanwhile, the UK Department for Transport announced that plans to levy carbon emissions fees on UK ports under the ETS will also be shelved. The initial plan would require ports to pay for emissions generated during the "berthing period" of cargo ships. Officials quietly abandoned these plans, instead proposing a carbon tax on shipping companies.On August 29th, former Ukrainian Defense Minister Mikhailov Fedorov announced on the 28th that he had accepted an invitation to serve as an advisor to Italian Defense Minister Guido Croceto. Fedorov wrote on social media that he will serve as Crocetos defense innovation advisor, providing assistance in areas such as "modern warfare technology," and expressed his "gratitude for Crocetos trust and support." Last month, Fedorov was dismissed from his post as defense minister by Ukrainian President Zelensky after only six months in office, sparking large-scale protests in many parts of Ukraine. Zelensky subsequently dismissed Armed Forces Commander-in-Chief Oleksandr Sørsky, with whom Fedorov had a strained relationship. In mid-August, Fedorov released a video calling for wartime elections in Ukraine, stating that the country was facing a governance crisis. Several days later, Zelenskyy stated that Ukraine was not yet ready to hold wartime elections, otherwise it would face a significant danger of national disintegration.

California’s DFPI Investigating Multiple Crypto Lending Companies

Jul 14, 2022 14:28

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The California Department of Financial Protection and Innovation (DFPI), which regulates the activities of state-licensed financial institutions such as banks and premium finance businesses, has announced that it is investigating whether businesses that suspended customer withdrawals and transfers broke any laws.


More specifically, the government is looking at a number of cryptocurrency businesses with U.S. headquarters after some reputable lenders permanently stopped allowing transfers and withdrawals between user accounts.

Accounts for crypto assets that pay interest

In particular, the Department of Financial Protection and Innovation is concentrating on "multiple companies" that provide customers with interest-bearing crypto asset accounts, also known as crypto-interest accounts, as well as service providers who "may not have adequately disclosed risks customers face when they deposit crypto-assets onto [lenders'] platforms."


To ascertain if they are breaking any laws that fall within the purview of the Department is the main goal of the inquiry.


The DFPI previously emphasized that providers of crypto-interest accounts are not subject to the same regulations and safeguards as banks and credit unions, which is particularly concerning in light of some platforms' restrictions on customers' ability to withdraw money from and transfer funds among their accounts.


Because of this, the agency has advised customers to proceed with "great care" before answering any inquiries about investments or financial services.


Also pointing to two cease and desist orders it recently sent to BlockFi and Voyager Digital to suspend their sales in California, DFPI has shown how certain crypto-interest account providers have been promoting unregistered securities.

securing customer property

Following Voyager Digital, the second well-known cryptocurrency business to file for Chapter 11 bankruptcy in recent weeks, DFPI made its statement. The Toronto-based company calculates that it has between $1 and $10 billion in assets, over 100,000 creditors, and liabilities of the same amount.


According to Voyager Digital, the action is a part of a "Plan of Reorganization" that intends to provide customers access to their accounts once again. Customers will have the option of receiving cryptocurrency, money recovered from Three Arrows Capital, common shares in the newly reorganized business, and Voyager tokens.


Due to worries about liquidity, Celsius (CEL) has stopped withdrawals and transfers since June 12. There are rumors that the management of the firm has been discussing Chapter 11 bankruptcy with attorneys.


As it faces with the potential of bankruptcy, the business is presently seeking restructuring guidance from the advising firm Alvarez & Marsal.


Additionally, the turbulent market circumstances last week caused the Singapore-based cryptocurrency platform Vauld to stop operations. The business instantly halted all trading, deposits, and withdrawals, and said that, up until further notice, it would only accept client deposits for its collateralized loans product.


Currently, numerous platforms have had client money frozen for many weeks while the future of their depositors' assets is still unknown.