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Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit


Tether, the USDT stablecoin issuer, announced on April 1 that it had completed the System and Organization Controls (SOC) 2 Type 1 Audit, the highest level of security compliance achievable. Tether stated that the audit’s completion demonstrates the robust information technology control...

Polygon CEO: L3s Might Represent a Threat to Ethereum’s Security


Marc Boiron, CEO of Polygon, an Ethereum-compatible sidechain scaling solution, gave his take on the rise of Layer 3 (L3) scaling structures in the Ethereum ecosystem. According to Boiron, L3s only take value away from Ethereum’s chain and concentrate it in their corresponding base...

Tether strengthens security commitment with successful SOC 2 Type 1 Audit


Tether successfully goes through the System Organization Control (SOC) Audit Type 1, turning it into a complete safety compliance business. Though it is the first stage, it speaks volumes about the attitude of the company towards safety issues. The audit comes under the gold standard category...

Blockchain Sleuth Warns About Unrevealed ‘Critical Flaws’ in Ethena


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...

Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable


Prisma Finance addresses the recent security breach of $11.6 million with a recovery strategy and measures aimed at protecting $540,000 in user funds still vulnerable. The post Prisma Finance Works Toward Exploit Recovery, $540K Vulnerable appeared first on Cryptonews

Hedera Network: Powering DeFi with speed, security, and global governance


Provides an optimized Besu EVM for smart contracts.  Offers a native tokenization service and a high-throughput data writing and verification service. The Hashgraph Consensus Algorithm offers impressive capabilities regarding high throughput, fair ordering, and low-latency consensus.  It...

House Republicans Demand SEC Clarify Its Position Regarding Prometheum


House Republicans have written a letter to the U.S. Securities and Exchange Commission (SEC) urging for clarity regarding Prometheum and whether Ethereum is considered a security. The post House Republicans Demand SEC Clarify Its Position Regarding Prometheum appeared first on Cryptonews

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