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Tag Archives: audit

South Korea’s Largest Bitcoin Exchange Passes Government Audit With Flying Colors

South Korea’s cryptocurrency situation is slowly becoming a lot more clear. Despite initial concerns regarding the Upbit exchange’s investigation, the company successfully passed an audit by local financial authorities. There is no proof of any wrongdoings, and Upbit was not involved in any trading manipulation. Upbit Receives the Green Light It is good to hear Upbit has done nothing wrong. ...

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Audit Firm to Build a Bug Prediction Market for Smart Contracts

Ethereum-based startup Solidified is developing a decentralized, smart contract audit platform, aiming to make the process easier to arrange and to provide a transparent and accountable metric of smart contract security. The company recently conducted a Seed round with Innogy New Ventures to develop a new initiative in security — the Bug Prediction Market. “Solidified is an established, full-service audit ...

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Audit Gives Binance-Listed ERC20 Tokens Clean Bill of Health from ‘batchOverflow’ Bug

Smart contract security firm Quantstamp has given Binance-listed ERC20 tokens a clean bill of health after conducting an audit to determine whether any of the exchange’s listed assets were subject to the recently-discovered batchOverflow and proxyOverflow vulnerabilities. Quantstam released its audit report in late April, confirming that no ERC20 token currently listed on Binance — the world’s largest cryptocurrency exchange — ...

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Tezos Foundation Taps ‘Big Four’ Firm PwC for Independent Audit

Major auditing firm PricewaterhouseCoopers (PwC) Switzerland has agreed to conduct an independent audit of the Tezos Foundation’s finances and operations, the foundation announced on Monday. PwC, considered one of the “Big Four” auditing firms, will review the finances of the Tezos Foundation, which is holding hundreds of millions of dollars worth of cryptocurrencies and other assets raised from the project’s ...

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‘Big Four’ Firm EY Acquires Crypto-Assets Tax Tool to Audit Blockchains

As it seeks to expand its blockchain-related services and capabilities across the globe, accounting giant Ernst & Young has acquired crypto-related technology assets developed by the San Francisco, California-based Elevated Consciousness. This includes the Andy Crypto-Asset Accounting and Tax (CAAT) technology, a tool which links with multiple cryptocurrency wallets and exchanges thus enhancing the visibility of transactions and inventory. Tax ...

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Online Monero Wallet to Mitigate Security Risks by Fixing Flaws Uncovered in Audit

The Monero web wallet says it has undergone a successful security review by an independent provider, with analysts concluding “a number of potential vulnerabilities” have now been fixed, with their risks mitigated. XMRWallet’s infrastructure was audited by New Alchemy, a blockchain strategy and technology advisory group. During its tests in June 2018, the application’s web traffic and user interface were ...

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World’s Top Four Auditors Join Taiwan-Led Trial for Blockchain Fiscal Audit System

The world’s four largest auditing firms — Deloitte, Ernst & Young, KPMG and PwC —have joined 20 Taiwanese banks to pilot blockchain technology for fiscal audits, local news outlet CTEE reports July 19. The “big four” will join a consortium of major Taiwanese banks to test a blockchain solution for auditing companies’ interim financial reports, focused on streamlining so-called ‘external ...

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