audit – Page 4 – DIGIT INFO

‘Not an Audit’: IRS Notice Could Spell Trouble for Crypto Traders

'Not an Audit' - IRS Notice Could Spell Trouble for Crypto Traders The IRS took to Twitter on August, 26, posting a video about recently mailed CP2000 notices, of special interest to crypto traders. The notice, which seeks to rectify discrepancies made by recipients in tax reporting, is another in a series of crypto-related letters recently sent by the agency. Though the promised guidelines for reporting still […]

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Private Blockchains Have Few Applications, Study Finds

Private Blockchains Have Few Applications, Study Finds Despite all efforts, so far businesses haven’t been able to come up with significant applications for private, centralized blockchains as opposed to public distributed ledgers, a new study shows. According to the authors, in most cases corporate blockchain networks are used mainly for database verification and transactions auditing. Also read: Poll Shows 13% of Russians […]

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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 […]

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Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit Tezos

Altcoins Round-Up: Bitgo Adds ZEC, Wirex Supports XRP, PwC to Audit Tezos In recent news pertaining to altcoins, Bitgo has announced the addition of Zcash to the roster of cryptocurrencies supported by the cryptocurrency custody firm; Wirex has enabled XRP support for its cryptocurrency debit card; and Tezos has commissioned PricewaterhouseCoopers (PwC) to audit the Tezos foundation’s finances and operations. Also Read: Bitmain Reveals the Total Hashrate of […]

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Monero’s Bulletproofs Implementation Receives a Favorable Audit

Monero’s developers have been working on various new features meant to improve the privacy-oriented currency. One of the developments to keep an eye on goes by the name of Bulletproofs. This particular feature has proven difficult to integrate, although an initial security audit by Kudelski Security shows the implementation is going according to plan. Bulletproofs Are […]

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Law Firm Hired by Bitfinex Confirms Tether Reserves

There are numerous theories regarding the roller coaster market movements of cryptocurrency over the past year. A popular one revolves around the use of Tether (USDT) to inflate the price of Bitcoin during the bull market, and deflate it on the way down. However, a June 20 report suggests the controversial stablecoin may be more […]

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Tether Shows Law Firm Its Funds But Stops Short of an Audit

Tether Shows Law Firm Its Funds But Stops Short of an Audit Tether has released a surprise “Transparency Update” that purports to show it has enough funds in the bank to cover the $2.6 billion of USDT in circulation. The company has stopped short of a full audit, however, leaving critics bemoaning Tether’s inability to settle the solvency debate once and for all. Also read: Major Korean Crypto […]

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Researchers Point out Major Flaws Affecting the EOS Network

Drama is becoming all too common in the world of cryptocurrency. There are a lot of genuine concerns regarding certain projects, especially when it comes to security and the code base. For EOS, a new security statement was issued which doesn’t bode well for the project in its current state. The EOS Security Concerns It is always good to see companies conduct a proper security audit of cryptocurrency projects prior to them being released to the public. In the case of EOS, the project has a massive valuation despite not having a mainnet as of right now. It is evident

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Circle Raises $110Mn With Plans to Launch USD-Backed Coin

Circle Raises $110Mn With Plans to Launch USD-Backed Coin The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! […]

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Cryptopia Is Allegedly Vetting All Current and Future Listings to Avoid Legal Issues

Cryptocurrency exchanges list new currencies on a regular basis. In a lot of cases, those currencies add additional trading volume, which results in bigger profits for the exchange operators. Cryptopia is currently in the process of going through all new and existing listings to ensure that the exchange is fully compliant with current regulations. It’s an interesting situation, although the outcome of this process remains to be determined. A Positive Decision by Cryptopia While the smaller cryptocurrency exchanges are extremely popular these days, they also pose a big risk. More specifically, there are growing concerns over how these exchanges list coins and tokens

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