DeFi News Daily Official TheBitTimes.com

Chainlink price rose more than 20% in 24 hours, reaching $16.62 at the time of writing on Friday. LINK surged as the Depository Trust and Clearing Corporation (DTCC) announced it completed its Smart NAV pilot. Bitbot, Telegram’s pioneering non-custodial crypto trading bot, continues to surge in presale. Chainlink and the Depository Trust and Clearing Corporation (DTCC) have announced a successful pilot for the fund tokenization market.  The news saw Chainlink’s native token LINK soar more than 20% in 24 hours to lead the top altcoins. Meanwhile, the Bitbot presale is creating waves as the ICO nears its penultimate stage. Chainlink, DTCC complete Smart NAV pilot The Depository Trust and Clearing Corporation (DTCC) announced on Thursday that it had successfully complete d a pilot program dubbed “Smart NAV”.  Smart NAV is an initiative that aims at a standardized method of delivering funds’ Net Asset Value (NAV) onchai...

Tether announced on April Fool’s Day that it had completed an audit — unfortunately, it was a security audit, not a financial audit, the results were not shared publicly, and the positive news came on the heels of a WSJ article implicating the stablecoin in the Russian acquisition of weapons for its ongoing war in Ukraine. A press release states that Tether , which has taken to proclaiming itself “the largest company in the cryptocurrency industry” over the past month, has complete d an audit “ensuring that Tether had robust IT control measures in place to make sure their systems were safe.” It did not bother to explain how over $30 million worth of USDT was somehow hacked and moved in 2017. Tether audit comes with good and really bad news While any audit that Tether can complete is undoubtedly good news, the security audit was announced shortly after a highly critical WSJ article that detailed the use of USDT by Vladimir Putin’s regime to purchase weapons and ammunition....