THE LATEST CRYPTO NEWS FROM CNS OpenAI finds fresh suppor | Crypto Never Sleeps Broad

THE LATEST CRYPTO NEWS FROM CNS

OpenAI finds fresh support from Japan amid global country-wide bans

Japan has shown support for OpenAI amid a sea of bans by different countries and uncertainties for the artificial intelligence (AI) company.

Chief Cabinet Secretary Hirokazu Matsuno stated on Monday, April 10, that Japan would contemplate incorporating AI technology into government systems, such as OpenAI’s ChatGPT chatbot, provided privacy and cybersecurity issues are addressed.

Following an alleged data breach on March 20, Italy’s data protection watchdog temporarily blocked the chatbot on March 31 and directed OpenAI to immediately restrict data processing for Italian users while an investigation is ongoing.

https://cointelegraph.com/news/openai-finds-fresh-support-from-japan-amid-global-country-wide-bans


Bitget launches $100M Web3 fund for crypto projects in Asia

Crypto derivatives exchange Bitget launched a new fund focused on supporting the next generation of Web3 projects. According to a statement seen by Cointelegraph, $100 million will be invested in the fund as an initial investment.

Bitget says it will target funding Web3-friendly venture firms and projects worldwide. It will focus on Asian projects from experienced teams with clear roadmaps that are working on real-world problems.

“We can see that Web3 space is evolving rapidly and many projects deserve the support to further advance such development and make Web3 a truly global phenomenon, as Web2 had once become. That is why the Bitget Web3 Fund will strive to seek out projects that have the most impact on this process,” said Gracy Chen, managing director of Bitget.

https://cointelegraph.com/news/bitget-launches-100m-web3-fund-for-crypto-projects-in-asia


SushiSwap approval bug leads to $3.3M exploit

A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter.

Blockchain security companies CertiK Alert and Peckshield posted about an unusual activity related to the approval function in Sushi’s Router Processor 2 contract — a smart contract that aggregates trade liquidity from multiple sources and identifies the most favorable price for swapping coins. Within a few hours, the bug led to losses of $3.3 million.

https://cointelegraph.com/news/sushiswap-approval-bug-leads-to-3-3-million-exploit


‘Right time’ for Hong Kong’s Web3 push despite market flux

Now is the "right time" for Hong Kong to push forward with Web3, despite the crypto market fluctuations, according to the financial secretary of Hong Kong.

In an April 9 blog post, Paul Chan explained that one of the three major directions he has proposed in the city's budget was for the further development and application of Web3.

Translated, Chan wrote that for "Web3 to steadily take the road of innovative development" Hong Kong will "adopt a strategy that emphasizes both 'proper regulation' and 'promoting development.'"

https://cointelegraph.com/news/right-time-for-hong-kong-s-web3-push-despite-market-flux-financial-secretary