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Elon Musk continues to influence the cryptocurrency community with the things he says. Now Dogecoin price has doubled. Here are all the details.

Dogecoin’s price has more than doubled in the past month due to recent rumors that crypto could be integrated into Elon Musk’s X platform. The tech billionaire, a vocal proponent of cryptocurrency inspired by an internet Meme, has previously outlined his broad plans for X. These plans include equipping the application with many things other than messaging. One of these is cryptocurrencies.

Dogecoin price doubled because of Elon Musk

Both SpaceX and Tesla already support dogecoin payments. Elon Musk’s previous comments also led to increases in the prices of the cryptocurrency. undisclosed amount to dogecoin Mr. Musk, who claims to have it, said he believes it has the potential to become a major online currency in 2021 due to its ease of use and efficiency. He also said that if SpaceX establishes a permanent human colony on Mars, it could become the official currency on Mars.

“Dogecoin will become the currency of the Earth in 2021,” Mr. Musk had previously said in a Q&A session on the Clubhouse app in 2021. These comments helped dogecoin rise to a record price of over $0.70 that year. It is obvious that Musk is a serious fan of DogeCoin, because it did not become the world’s currency in 2021, but Musk still continues to support it.

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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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