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Stablecoin Issuer Tether Completes SOC 2 Type 1 Audit
3.4.2024
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...
Congressman Rand Paul Reintroduces ‘Audit the Fed’ Bill
29.1.2024
Congressman Rand Paul reintroduced the Federal Reserve Transparency Act, also known as the “Audit the Fed” Bill, as a standalone piece of regulation into the U.S. Senate. The bill seeks to take the lid off what Paul considers to be the “entirely unknown inner workings”...
New York's Crypto BitLicense Oversight Criticized by State's Comptroller
9.1.2024
The New York Department of Financial Services (DFS) is drawing some internal heat over whether it's doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli
Rewarding Hackers With Bug Bounties ‘Inherently Creates a Moral Hazard’ Says Expert
7.12.2023
Rewarding hackers who agree to return a portion of the stolen funds not only “creates a moral hazard” but potentially “leads to more security breaches,” a Web3 expert has argued. The recent attacks on Kronos and Kyberswap, as well as the subsequent attempts to engage...
Ethereum layer 2 zkEVM ‘Scroll’ confirms mainnet launch
18.10.2023
Blockchain data from Etherscan suggest Scroll’s mainnet was live over a week ago
Palau’s Stablecoin Audit Process Advances
25.8.2023
Palau’s Ripple-backed stablecoin pilot audit process is advancing, with the Ministry of Finance collaborating with auditors and turning in more than 200 documents for review. Jay Hunter Anson, a Palau Ministry of Finance member, explained he was ready to show auditors that every transaction...
Paypal USD: Boon for Ethereum but not decentralization, says community
8.8.2023
Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC
Here’s what SOC 2 compliance audits mean for crypto projects
10.7.2023
While the audit demonstrates trust and transparency, Eric Lister from audit firm A-LIGN explained that it does not improve business systems
Coinbase layer-2 network Base closes in on mainnet launch
30.6.2023
While a date for mainnet wasn’t announced, the Base team said it’s now fulfilled 4 out of 5 of their criteria for launch
TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team
28.6.2023
Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the collapse of FTX
ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges
1.6.2023
While ChatGPT-4 can’t compete with human auditors yet, OpenZeppelin noted it was not optimized to do so, and AI models trained for this purpose would likely be more accurate
$3M worth of customer funds swiped via alleged Swaprum DEX rug pull
20.5.2023
Promptly after the funds went missing, Swaprum’s Twitter, Telegram and Github accounts were all deleted, however its website is still up
Blockchain security firm freezes $160K stolen in Merlin DEX 'rugpull'
5.5.2023
CertiK has contacted law enforcement in the U.S. and U.K. to find the pseudonymous operators
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
5.4.2023
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could
Euler Finance hacked despite 10 audits in 2 years, says CEO
17.3.2023
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son
Euler Finance's offer to hacker: Keep $20M or face the law
15.3.2023
The hacker committed a $196 million flash loan attack on the Ethereum-based lending protocol on March 13
'There will be many more zeros' — Kevin O'Leary on FTX-like collapses to come
18.1.2023
The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so
USDC transfer volume hit 5X USDT's in fallout from FTX collapse
11.1.2023
Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT
Be ‘very wary’ of crypto proof-of-reserve audits: SEC official
23.12.2022
SEC’s acting chief accountant Paul Munter said that investors shouldn't place too much confidence in a company holding up a proof-of-reserves audit
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
19.12.2022
Top traders' long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction