THE LATEST CRYPTO NEWS FROM CNS KuCoin leads $10M funding | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

KuCoin leads $10M funding for Chinese yuan stablecoin issuer

The investment arm of major cryptocurrency exchange KuCoin is moving to support new stablecoin initiatives by backing a Chinese yuan-pegged stablecoin issuer.

KuCoin Ventures has led a $10 million investment into stablecoin issuer and blockchain-based payment service provider known as CNHC.

Announcing the news on March 16, KuCoin Ventures said that the funding round included some prominent industry investors, including KuCoin’s investor IDG Capital and Circle Ventures, the investment arm of the USD Coin issuer, Circle.

https://cointelegraph.com/news/kucoin-leads-10m-funding-for-chinese-yuan-stablecoin-issuer


US officials appeal protections for Voyager execs in Binance.US sale

United States officials want to remove a provision included in bankrupt lender Voyager Digital’s plan to sell its digital assets to crypto exchange Binance.US that would prevent them from legally pursuing anyone involved with the sale.

In a motion filed on March 14 in a New York bankruptcy court, U.S. trustee William Harrington and other government attorneys argued “the court improperly exceeded its statutory authority” in approving the pardoning.

They requested the court’s approval of the sale be delayed for two weeks to allow them to file an appeal.

https://cointelegraph.com/news/us-officials-appeal-protections-for-voyager-execs-in-binance-us-sale


ChatGPT v4 aces the bar, SATs and can identify exploits in ETH contracts

GPT-4, the latest version of the artificial intelligence chatbot ChatGPT, can pass high school tests and law school exams with scores ranking in the 90th percentile and has new processing capabilities that were not possible with the prior version.

The figures from GPT-4’s test scores were shared on March 14 by creator OpenAI, revealing it can also convert image, audio and video inputs to text in addition to handling “much more nuanced instructions” more creatively and reliably.

https://cointelegraph.com/news/chatgpt-v4-aces-the-bar-sats-and-can-identify-exploits-in-eth-contracts


MetaMask addresses privacy concerns with new features for enhanced control

Web3 wallet app MetaMask has introduced a number of new features aimed at enhancing privacy and giving users more control, according to a March 14 blog post by the developer. The new features come after MetaMask had previously been criticized for allegedly intruding on users’ privacy.

https://cointelegraph.com/news/metamask-addresses-privacy-concerns-with-new-features-for-enhanced-control


Euro Parliament approves Data Act that requires kill switches on smart contracts

The European Parliament passed the Data Act on March 14. The comprehensive bill was intended to “boost innovation by removing barriers obstructing access to industrial data.” Among its provisions is an article that would require smart contracts to be alterable.

The legislation established rules for fairly sharing data generated by “connected products or related services,” such as the Internet of Things and “industrial machines.” Eighty percent of industrial data generated is never used, the European Parliament noted in a statement, and this act would encourage greater use of those resources to train algorithms and lower prices for device repairs.

https://cointelegraph.com/news/europarliament-approves-data-act-that-requires-kill-switches-on-smart-contracts