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Former OKX CEO Jay Hao joins Indian blockchain startup CIFDAQ as co-founder

YourStory

YourStory · 9m ago

Former OKX CEO Jay Hao joins Indian blockchain startup CIFDAQ as co-founder

Jay Hao, former CEO of cryptocurrency exchange OKX, has joined Indian blockchain startup CIFDAQ as co-founder and global COO. CIFDAQ plans to launch a centralised crypto exchange and wallet next month, prioritising robust safety measures and cybersecurity. CIFDAQ aims to build a financially prudent ecosystem and differentiate itself through execution. Hao believes many exchanges rely too much on external funding, emphasising the importance of talent, execution, and frugality. CIFDAQ's growth strategy includes acquiring licences from various jurisdictions and incorporating gaming into its blockchain ecosystem. The company prioritizes profitability, sustainability, and long-term stability.

Related News

Sam Altman Joins Microsoft

The Verge

The Verge · 1y ago

Sam Altman Joins Microsoft

Former OpenAI CEO Sam Altman, dismissed by the board due to a lack of confidence, is now joining Microsoft's new advanced AI research team alongside co-founder Greg Brockman. Despite negotiations for Altman's return to OpenAI failing, Microsoft CEO Satya Nadella announced their appointments, expressing excitement about the new AI team. OpenAI's interim CEO, Emmett Shear, replaces Mira Murati. Altman had negotiated to return as CEO, but OpenAI's board remained unchanged, prompting his move to Microsoft.

OpenAI board overhauled, here's the list of new members as Sama joins back

Economic Times

Economic Times · 1y ago

OpenAI board overhauled, here's the list of new members as Sama joins back

OpenAI has announced that Sam Altman will return as CEO after his recent ouster. Additionally, the board of directors will be partially reconstituted with Bret Taylor (former co-CEO of Salesforce), Larry Summers (former U.S. Treasury Secretary), and Adam D'Angelo (CEO of Quora) joining. Bret Taylor will chair the OpenAI board, Larry Summers is an economist and professor, and Adam D'Angelo is a computer science graduate and founder of Quora.

Former CVC Capital executive joins fintech startup as co-founder

VCCircle

VCCircle · 1y ago

Former CVC Capital executive joins fintech startup as co-founder

A former executive from CVC Capital Partners, a European private equity firm, has joined fintech startup SalarySe as a co-founder. SalarySe, based in Gurugram, offers various financial services such as digital payments, online investments, digital lending, and online deals to salaried employees. The startup was founded in June 2023.

Snapdeal & Titan Capital’s Kunal Bahl Joins Shark Tank India

Inc42 · 9m ago

Snapdeal & Titan Capital’s Kunal Bahl Joins Shark Tank India

- Kunal Bahl is the co-founder of Snapdeal, a popular e-commerce company established in 2010. - He is also the co-founder of Titan Capital, a venture capital firm that was founded in 2015. - Kunal Bahl is the promoter of Unicommerce, a SaaS startup that recently got listed. - Swiggy requested the removal of Zomato CEO Deepinder Goyal from the next season of Shark Tank India as part of a sponsorship deal for the TV show. - In August, Titan Capital successfully raised a target corpus of INR 200 Cr to focus on investing in follow-on rounds of breakout startups from its seed portfolio.

Google DeepMind co-founder joins Microsoft as CEO of its new AI division

The Verge

The Verge · 1y ago

Google DeepMind co-founder joins Microsoft as CEO of its new AI division

Microsoft has hired Mustafa Suleyman, co-founder of Google DeepMind, as the CEO of a new team handling the company's consumer-facing AI products. Suleyman will also serve as executive vice president of Microsoft AI. He co-founded DeepMind in 2010 before it was acquired by Google in 2014. Suleyman had been on leave from DeepMind since 2019 due to controversy surrounding projects he led, including complaints of bullying. He subsequently joined Google as vice president of AI product management and AI policy before co-founding startup Inflection AI.

Third Wave Coffee onboards former Devyani CEO after co-founder steps down

VCCircle

VCCircle · 1y ago

Third Wave Coffee onboards former Devyani CEO after co-founder steps down

Third Wave Coffee has announced the appointment of Rajat Luthra, former CEO of Devyani International, as its new CEO after the co-founder stepped down. Luthra's appointment will be effective from the first quarter of FY25, and the co-founder will transition to become a member of the board. Third Wave Coffee operates around 100 stores in major Indian cities and posted net sales of Rs 31.7 crore in FY22. The company raised $35 million in a Series C funding round in September 2023.

Polygon co-founder Jaynti Kanani quits

Money Control

Money Control · 1y ago

Polygon co-founder Jaynti Kanani quits

Jaynti Kanani, co-founder of Polygon, has decided to step down from the layer 2 blockchain startup in order to focus on two new ventures he founded in 2023. This comes after Polygon recently underwent executive reshuffling, with Marc Boiron taking over as the new CEO. Kanani expressed his confidence in Polygon's future and stated that he will still contribute and support the project. Kanani, along with Sandeep Nailwal and Anurag Arjun, founded Polygon in 2017 and played a significant role in its growth within the blockchain and crypto community.

Former OpenAI chief scientist to start a new AI company

Reuters · 1y ago

Former OpenAI chief scientist to start a new AI company

Former OpenAI co-founder and chief scientist, Ilya Sutskever, has announced the launch of his new artificial intelligence (AI) company, Safe Superintelligence. The company aims to focus on creating a safe AI environment, with its headquarters based in Palo Alto and Tel Aviv. Co-founders Daniel Levy and Daniel Gross, former OpenAI researcher and co-founder of Cue and former AI lead at Apple, respectively, will join Sutskever in this venture. Sutskever left OpenAI in May after CEO Sam Altman's return and subsequent restructuring.

SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back

TechCrunch · 1y ago

SBF sentenced, Worldcoin hit with another ban order and big web3 pre-seed rounds are back

Sam Bankman-Fried, former FTX CEO, has been sentenced after being found guilty of money laundering and fraud charges. In other news, Borderless Capital has acquired CFT Capital, Worldcoin is facing another ban in Europe, and several web3 startups have secured significant funding rounds. Bitcoin and Ether saw price increases this week, with the total crypto market cap also rising. The latest episode of the Chain Reaction podcast features an interview with Scott Dykstra, co-founder of Space and Time, discussing blockchain and AI integrations. Additionally, various other articles on TechCrunch caught attention this week.

Polygon cofounder Sandeep Nailwal takes over as CEO amid restructuring

Economic Times

Economic Times · 1m ago

Polygon cofounder Sandeep Nailwal takes over as CEO amid restructuring

Polygon, a blockchain firm, is undergoing restructuring with Sandeep Nailwal as its new CEO. The company is addressing challenges including co-founder exits and internal friction between US and India teams. The restructuring plan involves launching the AggLayer to enhance blockchain interoperability by FY25 and shutting down zkEVM due to developmental hurdles. Despite competition from players like Coinbase, Polygon aims to leverage its significant transaction volumes and collaborations with major organizations.

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