By CCN Markets: Big Four accounting firm PricewaterhouseCoopers (PwC) is expanding into the cryptocurrency audit business with the launch of a new solution. The firm is expanding its “Halo” suite of auditing tools to provide audit and assurance services to those clients that deal in crypto. According to PwC’s press release: “PwC can currently use this tool to provide assurance services to clients transacting in Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Diamond, LiteCoin, Ethereum, ERC20 – OAX token, and Ripple (XRP).” PwC is enabling cryptocurrency adoption PwC’s crypto solution is proof that we are moving toward mainstream adoption of digital
Crypto exchange Gemini has announced that it has completed its SOC 2 Type 1 examination, and plans to obtain more security credentials by the end of the year. SOC 2 reports are essentially certifications testifying to the processing integrity, security, and/or availability of a service, with a key focus on data confidentiality for end users. The exchange owned by billionaire crypto investment duo Cameron and Tyler Winklevoss is the first to have this level of security compliance on the cryptocurrency scene. In an announcement by Head of Risk, Yusuf Hussain, Gemini claims that the SOC 2 Type1 certification means that
Cryptocurrency exchange Gemini says it has passed a SOC 2 security compliance review conducted by Deloitte.
Ampleforth has completed upgrades after its second security audit through New York firm Trail of Bits. The full report is available below. Ampleforth is a stablecoin which uses a different method of preserving its dollar-to-unit ration, by transferring “volatility from unit price to unit count.” As the market shifts around Ampleforth, formerly Fragments, users balances
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The cryptocurrency markets have seen some interesting momentum today, even though no major price changes have occurred as of yet. Cardano is trying to note some solid gains right now, albeit reaching $ 0.08 seems to be a stretch too far. Even so, the positive momentum among altcoins can make for a rather interesting weekend.
Cardano Price Rise Isn’t Happening Yet
After the troublesome year 2018 has proven to be so far, it is evident the remainder of 2018 will not necessarily offer any relief. All cryptocurrencies are still on the mend, and it seems the momentum isn’t changing in favor of either Bitcoin or altcoins at this time. Even small gains like the ones materializing today can offer a welcome reprieve.
Today, crypto companies are beginning to realize that it’s better to spend a sizeable portion of their budget on assessing security than to lose reputation. Nevertheless, the security problem of ICOs and crypto exchanges remains acute. Potential threats to crypto projects and reasons to engage in security testing have become the subject of our conversation with Dmitry Budorin, CEO of Hacken and HackIT 4.0, the annual forum on cybersecurity held in Ukraine.
According to various estimates, up to 90% of crypto-currency applications are experiencing security problems. Why is this happening?
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.
Bitgo Offers Zcash Custody
Bitgo, a company providing “institutional-grade cryptocurrency security” services, has announced that it has enabled support for Zcash. The announcement follows the addition of 57 ERC tokens last week.
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.
**On today’s episode of The Cryptoverse:**
1. I announce a few big market movers
2. A few key numbers from the ETH/USD chart
3. Tether’s new financial statement
4. ICONOMI announces 12 new asset fund managers
5. A new announcement from the Peerplays Blockchain Standards Association
6. Goldman Sachs Contemplates Creating a New Bitcoin Trading Operation
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