Cryptocurrency
WhiteBIT: First to Reach Highest Cryptocurrency Security Standard
2024-12-11
WhiteBIT, a prominent name in the cryptocurrency world, has achieved a remarkable feat. On December 11th, 2024, in Vilnius, Lithuania, it became the first global cryptocurrency exchange to obtain Level 3 certification under the Cryptocurrency Security Standard (CCSS). This certification is a game-changer, setting a new benchmark in cryptocurrency platform security.

"WhiteBIT: Leading the Way in Cryptocurrency Security"

Becoming a Global Pioneer

The CCSS, developed by the CryptoCurrency Certification Consortium (C4), is an industry-standard security framework. It goes beyond existing ICT security frameworks like ISO 27001 and PCI DSS by providing specific guidelines for securing cryptocurrencies. WhiteBIT's achievement places it among the top-tier platforms recognized for its superior security.This certification represents a significant milestone for the cryptocurrency industry. It shows that with the right approach and commitment to security, cryptocurrency exchanges can reach new heights. WhiteBIT's success is a testament to its dedication and hard work in implementing advanced security measures.

Meeting Stringent Requirements

The CCSS includes three levels of certification, with Level 3 being the highest benchmark. It requires advanced security measures such as multi-signature wallets, access controls, disaster recovery planning, and rigorous penetration testing. WhiteBIT's successful certification was conducted by Hacken, a leading cybersecurity firm accredited by C4.The auditor carried out an extensive review of WhiteBIT's security infrastructure, which took 3 years of preparation. The 2.5-month audit included in-depth inspections of both cold and hot wallets, dozens of hours of interviews with WhiteBIT personnel, and the submission of over 100 artifacts detailing the exchange's policies, procedures, and security protocols. The final 97-page report reflects the rigorous testing and hundreds of questions addressed throughout the process, ensuring full compliance with the stringent requirements of CCSS Level 3.

Commitment to User Security

Volodymyr Nosov, Owner and CEO of WhiteBIT, emphasizes the company's strong commitment to safeguarding users' assets. "In an industry where trust must be earned every day, we have embraced rigorous security protocols that set new benchmarks for excellence. Our goal isn't just to drive innovation but to ensure that these advancements are built on a secure foundation."WhiteBIT's CCSS certification delivers significant benefits to users. Enhanced security ensures robust protection for user funds and private keys, minimizing the risks of hacks or theft. Reduced risks are achieved through the standard's mitigation of human errors and strict access controls. Emergency preparedness is also in place, with recovery systems to protect user assets during unforeseen events.

Aligning with Company Strategy

This accomplishment aligns with WhiteBIT's overarching strategy of promoting mass adoption through trust and transparency. Earlier this year, the company achieved prominence by securing the highest level of PCI DSS certification for payment data protection, further demonstrating its dedication to comprehensive protection measures.WhiteBIT is one of the largest European centralized crypto exchanges, founded in 2018. It offers 600+ trading pairs, 300+ digital assets, and 9 state currencies. The company is an official partner of FC Barcelona, FC Trabzonspor, ESL Faceit, and VISA. Its goal is to promote the mass implementation of blockchain technology worldwide.Contact: WhiteBIT PR Service[email protected]
Bitcoin Poll: 63% Predict $105K, 37% See $85K Next
2024-12-11
Bitcoin, the leading cryptocurrency, has witnessed a remarkable surge in 2024. Thanks to various catalysts such as Bitcoin ETFs, increased corporate acquisition of the cryptocurrency, and expectations of a more pro-crypto White House administration with Donald Trump winning the 2024 presidential election, its price has soared. However, after reaching several new all-time highs and passing the $100,000 level, Bitcoin has now dipped below this milestone. Benzinga readers are now engaged in predicting whether new all-time highs will be hit next or if a further dip to $85,000 will occur.

Unraveling the Bitcoin Price Trajectory in 2024 and Beyond

Bitcoin's All-Time Highs and Recent Dips

Bitcoin has achieved several new all-time highs since the 2024 presidential election in November. It passed the $80,000 and $90,000 levels and recently cleared the $100,000 mark, hitting an all-time high of $103,900.47 on Dec. 4 and spending several days above this significant milestone. But since then, it has fallen and has struggled to regain that level. This recent dip has led to a heated debate among Benzinga readers about the next price milestone Bitcoin is likely to reach.Some believe that Bitcoin will continue its upward trajectory and reach new all-time highs of $105,000. The majority, with 63% of the votes, think that this will be the case before the leading cryptocurrency trades back down to $85,000. On the other hand, 37% of the readers predict a further dip to $85,000. Bitcoin last traded at $85,000 or below one month ago on Nov. 11.

Year-to-Date Performance and End-of-Year Predictions

Bitcoin is up an astonishing 123% year-to-date in 2024, outperforming leading stock indexes and many assets. While a 100% year-end gain would be satisfactory for many, the fact that Bitcoin recently passed $100,000 and the move was short-lived has left investors craving for more. Benzinga recently asked readers what price they thought Bitcoin would end 2024 at. The results showed that the range of $100,000 to $120,000 won the poll with 40% of the vote. Adding in the 12% of respondents who said Bitcoin would trade over $120,000 at year-end, a majority (52%) of voters see a six-figure price to close out the year. The range of $90,000 to $100,000 got second place in the poll with 30%, suggesting a possible further pullback in the coming weeks.

Outperformance in 2025 and Poll Results

Bitcoin topped a poll asking readers to choose which cryptocurrency they believe will outperform others in 2025, including Solana SOL/USD, Dogecoin DOGE/USD, Ethereum ETH/USD, Shiba Inu SHIB/USD, Hedera HBAR/USD, and XRP XRP/USD. Bitcoin won the poll with 28% of readers believing it will outperform the other options next year. Ranking second in the poll was XRP with 24%.The study was conducted by Benzinga from Dec. 10 through Dec. 11, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 147 adults.Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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3 Cryptocurrencies Likely to Rise with Elon Musk's Dogecoin X Move
2024-12-11
Elon Musk, the visionary behind Tesla and now at the helm of DOGE, is making waves across the central headlines. His impending tenure as the official DOGE head is set to begin in January. The speculative fervor anticipates that Musk will bring about fundamental changes to the crypto landscape and reshape the social domain by integrating Dogecoin payments on X. If this indeed occurs, here is a list of three cryptocurrency tokens that are likely to experience a surge driven by the hype and fear of missing out (FOMO) that this development might create in the coming days.

Musk's Crypto Move: A Game Changer for Three Tokens

Shiba Inu (SHIB)

Shiba Inu currently stands out as one of the most popular meme coins. It has repeatedly demonstrated its resilience, especially during times of euphoric growth in the crypto market. If Musk succeeds in adding Dogecoin as a viable payment option on X, this positive development could trigger a wave of optimism within the market. As a result, coins like SHIB are likely to gain significant attention and traction.

According to CoinCodex, Shiba Inu is expected to see a modest increase of 0.66% and reach a new price of $0.00002703. The current sentiment, as indicated by technical indicators, is neutral, while the Fear & Greed Index shows 74 (Greed). Over the past 30 days, Shiba Inu recorded 17/30 (57%) green days with a price volatility of 9.30%. Based on these forecasts, it seems to be a favorable time to invest in Shiba Inu.

Bitcoin (BTC)

Musk's decision to incorporate Dogecoin as a credible payment method on X is likely to have a positive impact on the overall cryptocurrency domain. This move showcases a practical use case for the crypto space, which could potentially boost Bitcoin's price. It may herald a new era for the market, filled with upward price movements and new patterns.

As per CoinCodex, Bitcoin is predicted to surge by 16% and reach a new price mark of $112K by the end of December 2024. The current sentiment, as indicated by technical indicators, is Bullish, and the Fear & Greed Index shows 74 (Greed). Over the past 30 days, Bitcoin recorded 16/30 (53%) green days with a price volatility of 4.40%. These indicators suggest that now is a good time to buy Bitcoin.

Ethereum (ETH)

As a blockchain that hosts a significant number of new cryptocurrency tokens and meme coins, Musk's addition of Doge as a payment option on X could inspire creators to develop new meme coins on Ethereum. These new tokens could then ride the positive momentum of the crypto market and gain further traction. This ripple effect may lead to a surge in ETH's price and inject new life into the market.

According to CoinCodex, Ethereum is expected to surge by 15% and reach a new price mark of $4232. The current sentiment, as indicated by technical indicators, is bullish, and the Fear & Greed Index shows 74 (Greed). Over the past 30 days, Ethereum recorded 13/30 (43%) green days with a price volatility of 8.34%. These factors indicate that it is a favorable time to invest in Ethereum.

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