Author: News Room
Stablecoin issuer Tether has announced the successful completion of the System Organization Control (SOC) 2 Type 1 audit. According to Tether, this step is integral to reinforcing its commitment to providing a secure and transparent environment for its users, highlighting its role as a frontrunner in the industry. The SOC 2 Type 1 audit, recognized as a benchmark for security compliance, was developed by the American Institute of Certified Public Accountants (AICPA). Tether’s accomplishment in this area is significant, given the audit’s rigorous assessment based on five foundational ‘trust service principles’: Security, Availability, Processing Integrity, Confidentiality, and Privacy. Tether claims…
Fetch.ai (FET) price is continuing its bullish streak even though the rest of the crypto market is cooling down from the February and March rallies. Will this lead to corrections for FET, or will the altcoin be able to note another all-time high? Fetch.ai Could Lose Support From Its Investors After a remarkable rise, Fetch.ai’s price is noting some drawdown until the market cools down. This was an expected decline since nearly 98% of the entire circulating supply was sitting in profits. Whenever more than 95% of the supply witnesses profits, a market top is formed. Market top refers to…
Tardfiwhale, a pseudonymous blockchain sleuth who predicted the fall of Luna and UST, has warned about critical flaws in Ethena, a rising blockchain synthetic dollar stablecoin protocol. Tardfiwhale is asking for donations to certain entities before revealing these alleged flaws, as Ethena has no bug bounty program. ‘Critical Flaws’ Present in Ethena According to Pseudonymous […] Read the full article here
Bitcoin’s price has been exhibiting silent price action following an attempt to surpass its all-time high of $73.7K, resulting in a period of low-volatility sideways consolidation. However, there are indications of a potential corrective phase in the mid-term as the price forms a double-top pattern. Technical Analysis By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals that Bitcoin’s price encountered significant buying pressure in the crucial support region, defined by the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels. This led to a renewed bullish surge towards the $72K resistance region. However, the price failed to…
VeChain Founder Sunny Lu has teased the future of the protocol with a strong tilt toward sustainability. Lu believes billions of users will leverage VeChain’s solution in the future, a move bolstered by the integration of incentives. Sunny Lu, Founder of VeChain (VET), the enterprise-grade smart contract protocol designed to trigger the mass adoption of blockchain technology, has provided a glimpse into the network’s mission and vision to promote sustainability and reward positive behavior within its ecosystem. Rewarding Positive Behavior In an exclusive interview with Ajwritescrypto on YouTube, Lu emphasizes the importance of providing a platform where individuals are incentivized…
Crypto Price Prediction: The cryptocurrency market entered April on a bearish note showcasing a 2-3% drop in Bitcoin and Ethereum in the last 24 hours. This downtick evaporated the modest growth the BTC price witnessed during the easter holiday prolonging its current sideways action. The asset has been consolidating for over a week creating an uncertain sentiment among market participants. Read the full article here
The team behind Solareum, a Telegram trading app for buying and selling Solana-based tokens on the popular messaging platform, announced that it would shut down after being tied to an exploit that saw some $523,000 worth of SOL drained from user wallets last week. The wallet-draining exploit, which is estimated to have affected more than 300 Solana users, occurred late last week. Initially, some users believed that popular Telegram trading bot BONKbot was somehow responsible for leaking users’ private keys. However, the team behind the BONK meme coin denied that their Telegram bot had a security lapse and said that…
Sam Bankman-Fried (aka “SBF”), the former cryptocurrency entrepreneur behind the fallen exchange FTX, was sentenced to a 25-year prison term for a series of financial frauds. In recent exclusive correspondence with ABC News, Bankman-Fried conveyed a deep sense of remorse for his actions that precipitated one of the most dramatic downfalls in the crypto industry. The sentence concludes a tumultuous 17-month period that began in November 2022 when FTX, once a leading global cryptocurrency exchange, collapsed, leading to an $8 billion loss for its customers. According to the report by ABC News, Bankman-Fried’s resignation followed the implosion, and the company’s…
April is shaping up to be a monumental month in the crypto industry, with pivotal news poised to influence the market. From significant block reward halvings to high-stakes legal developments and landmark project launches, here is what to watch. Block Reward Halvings: BCH and BTC April marks the anticipated block reward halving for two major cryptocurrencies: Bitcoin (BTC) and Bitcoin Cash (BCH). Market participants expect the BCH halving around April 3, which will slash mining rewards from 6.25 to 3.125 BCH. This event, crucial for controlling the coin’s inflation and supply dynamics, often triggers speculative interest due to the reduced…
The government of Argentina is calling on all local crypto firms to register with its new regulatory body dedicated to the sector – or to cease operating entirely. On March 14, the nation’s senate passed legislation approving the Registry of Virtual Asset Service Providers, in line with recommendations from the Financial Action Task Force. More Regulation In Argentina? Argentina’s National Securities Commission (CNV) announced the registry’s creation on March 26, saying the regulations are required to “identify the human and legal persons that provide services related to cryptoassets in the country.” That includes businesses allowing customers to buy, sell, trade,…