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Funding rates on the futures markets for Bitcoin and Ethereum remain high despite the last 24-hour decline in the value of both digital currencies.

The global crypto market lost 5.8% of its value. It is stated that speculators continue to make leveraged purchases during declines. QCP Capital states that the current correction may continue, and high financing rates indicate the potential for further decline in the market.

ETC Group’s Dragosch said that the current situation is supported by other indicators and that each pullback is expected to increase in April. Bitcoin He states that there may be an opportunity before the halving.

spot Ethereum or Bitcoin question has been answered bull

SEC postpones decision on Ether ETF applications by Hashdex and ARK 21Shares.

The United States Securities and Exchange Commission (SEC) has postponed its decision regarding spot Ethereum exchange-traded funds (ETFs) proposed by Hashdex and ARK 21Shares.

This postponement decision, made by the SEC on Tuesday, March 19, came just days before the agency’s “third term” ended. Both Ethereum ETF applications will wait until the end of May for a final decision. The final decision date for ARK 21Shares is May 24, while Hashdex’s application will learn the final decision of the regulator on or before May 30.

The question Ethereum or Bitcoin has been answered

Spot Bitcoin ETFs meet long-awaited demand

According to BlackRock Managing Director Tony Ashraf, spot Bitcoin ETFs are meeting Bitcoin demand that has been building for some time.

Speaking at a panel at the Digital Asset Conference in London, Ashraf stated that they have observed that this accumulated demand has been met thanks to ETFs in the last few months. Ashraf emphasized that new investors are entering the crypto space as ETFs provide a new level of access to many investors.

Michael Sonneshein, CEO of Grayscale Investments, also agreed with Ashraf’s views. Sonneshein, who operates spot Bitcoin ETFs, stated that there has been explosive growth in ETFs in general and that this situation meets the accumulated demand. He stated that we are currently in the transition phase between this phase and future growth and institutionalization of these products.

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Crypto

Tether Announces Completion of SOC 2 Type 1 Audit

Tether announced that it has completed the SOC 2 Type 1 Audit, the gold security compliance standard developed by the American Institute of Certified Public Accountants (AICPA).

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Tether announced that it has completed the SOC 2 Type 1 Audit, the gold security compliance standard developed by the American Institute of Certified Public Accountants (AICPA).

Tether announced that it has made an important security update. The company has passed System Organization Control (SOC) 2 Audit Type 1, the first phase of achieving the highest level of security compliance.

The gold security compliance standard SOC 2 Type 1 audit exam developed by the American Institute of Certified Public Accountants has been successfully completed.

Tether

SOC 2’s criteria are based on five core trust service principles

SOC 2’s criteria are essentially based on five trust service principles. The first of these, security, includes measures implemented to protect customer data, such as firewalls, intrusion detection, and advanced authentication protocols. The second principle, availability, focuses on providing a reliable and active network while also addressing efficiency in problem resolution.

Another principle, business integrity, focuses on whether the systems achieve their goals by providing the right data, at the right price and at the right time. The privacy policy places great emphasis on encrypting data during transmission, limiting data access and disclosure to authorized individuals or organizations. The final principle, privacy, ensures that personal information is collected, used, stored and disclosed responsibly.

These highlight that Tether has robust IT control measures in place to ensure its systems are secure, accessible when needed, and information is kept private. In addition to network reliability and problem resolution speed, measures such as firewalls, intrusion detection and advanced authentication for customers are also offered.

This measure demonstrates our commitment to becoming the world’s most trusted stablecon

“This compliance measure reassures our customers that their assets and data are managed in an environment that meets the highest standards in terms of data protection and information security,” said Tether CEO Paolo Ardoino. “Independent verification of Tether security controls is vital and demonstrates our commitment to being the world’s most trusted, compliant stablecoin.”

Tether; It constantly updates its security strategy, focusing on leading the way in innovative technology, transparency and accountability to stablecoin users. Its commitment to completing the SOC 2 Type 1 audit supports its work in providing strong security measures for token holders.

Additionally, Tether has committed to taking SOC 2 exams annually to ensure that its operations and security practices are consistently carried out to the highest standards. The company aims to obtain the SOC 2 Type 2 Certificate, which evaluates the security, usability, confidentiality, confidentiality and processing integrity criteria of Tether in 2024-2025, and questions the operating effectiveness of its internal controls for a period of 12 months.

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Crypto

Tether’s Bitcoin Assets Exceed the 5 Billion Dollar Limit

In the first quarter of 2024, Tether purchased another $627 million worth of Bitcoin, increasing its total assets to 75,354 BTC, thus exceeding the $5 billion mark for the first time with a value of $5.2 billion.

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In the first quarter of 2024, Tether purchased another $627 million worth of Bitcoin, increasing its total assets to 75,354 BTC, thus exceeding the $5 billion mark for the first time with a value of $5.2 billion.

With this last purchase Tether, rose to seventh place in the Bitcoin holder rankings. CEO Paolo Ardoino stated that 8,888 Bitcoins were purchased during the quarter and completed in one go on March 31. In May 2023, Tether announced its plan to allocate 15% of its profits to the purchase of Bitcoin each quarter.

Tether Edu

Chinese government launches public blockchain infrastructure platform with Conflux Network

The Chinese government, in collaboration with Conflux Network, has launched the “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative,” aiming to provide a basic public blockchain infrastructure for cross-border applications. This platform will allow the development of applications that will facilitate cooperation between different countries. The project aims to provide an infrastructure for cross-border projects. Conflux Network is a multi-chain blockchain ecosystem and provides the technical power behind this initiative. This step marks the development of cryptocurrencies in the country, despite China’s generally negative attitude towards cryptocurrencies. China has been increasing restrictions on the crypto industry since 2017.

There was a decrease in crypto thefts in March compared to the previous month

There was a decrease in theft incidents in the cryptocurrency sector in March. According to PeckShield’s analysis, $187 million was lost while $99 million was regained. This represents a decrease of 48% compared to February 2024. One of the biggest events was the return of $62 million as a result of the attack on Munchables. Curio ecosystem and Prisma Finance lost $16 and $11 million respectively. WOOFi, on the other hand, lost $8.75 million and offered a reward to the attacker for the return of the funds.

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Crypto

Spot Aims to Launch Bitcoin ETF in May

Hong Kong-based Venture Smart Financial Holdings Ltd. (VSFG) plans to launch its spot bitcoin ETF in May at the earliest.

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Hong Kong-based Venture Smart Financial Holdings Ltd. (VSFG) plans to launch its spot bitcoin ETF in May at the earliest.

VSFG’s head of investment and products, Brian Chan, stated that they are also targeting June for possible delays. The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have issued circulars setting out requirements for spot crypto ETFs.

Bloomberg analyst, SFC’s spot Bitcoin It said it could allow cash-neutral creations and redemptions for its ETFs, which could increase assets and volume under asset management.

Chan said the approval would benefit the Hong Kong Stock Exchange and other financial institutions.

Bitcoin increased privacy and spot security!  Fed chairman btc

Consensys tries to convince SEC about Ethereum’s security

Consensys argued that the SEC’s concerns about Ethereum’s fraud and manipulation risks were misplaced.

He stated that Ethereum’s security features meet and exceed those of approved Bitcoin-based ETFs, emphasizing that Ethereum is safer and more environmentally friendly than Bitcoin.

It is unclear whether spot Ethereum ETFs will be approved in May. The SEC will consider spot ETH ETF applications on May 23.

Bitcoin bull run

Telegram enables Toncoin payments for in-platform ad purchases

Telegram has announced a new feature that allows users to pay with Toncoin for their in-platform ads.

This update includes distributing 50% of advertising revenues on public Telegram channels to channel owners. By paying a small amount of Toncoin, users will be able to promote their channels and choose the channels on which they want to place their ads.

Channel owners will be able to withdraw their earnings free of charge. Telegram stated that they chose TON Blockchain due to its low fees and high transaction speeds; TON reached a record speed of 100,000 transactions per second last November.

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