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
Last week, TRON Foundation CEO Justin Sun sent both TRON (TRX) and BitTorrent (BTT) higher after teasing a possible future announcement on Twitter. Something huge and amazing going about #TRON and #BitTorrent. I will share with you after June 1. I think I have 70% to win and nail it. Fingers crossed! $ TRX $ BTT — Justin […]
By CCN.com: A publication by accounting firm PwC has placed India on track for a 7.6 percent growth in 2019, setting a path for the country to surpass both the U.K. and France in terms of economy. But ask any economist, and they would point towards why the coveted Gross Domestic Product (GDP) – which
By CCN.com: Suspects in the “Big Bitcoin Heist” of 2018 have been sentenced to various prison terms based on their level of involvement in the much-publicised theft of more than three-quarters of a million dollars worth of crypto mining equipment. Crypto Mining Thieves Jailed in Iceland Ringleader Sindri Stefanson bagged the longest sentence with a
The post ‘Big Bitcoin Heist’ Ringleader Jailed for Massive Crypto Mining Rig Theft appeared first on CCN
Taiwan Semiconductor Manufacturing Company Limited, who provides chips to Bitcoin mining giant Bitmain, says that 2018 saw a downturn in demand for crypto mining chips. In a recent conference call with investors, TSMC CEO C. C. Wei said that cryptocurrency had previously accounted for “a lot” of the company’s orders, but that it had gone
The post Bitmain’s Chip Supplier Saw a ‘Big Drop’ in Crypto Mining Sales Last Year appeared first on CCN
The big four accounting firms are pouring more resources into blockchain technology now more than ever, and now Ernst & Young (EY) has just deepened its commitment. The global professional services firm has unveiled a Public Edition (PE) prototype of its EY Ops Chain, using the public Ethereum blockchain to deliver what the company describes
The post Mainstream: ‘Big Four’ Firm EY Builds Enterprise Product on Public Ethereum Blockchain appeared first on CCN
The bigger the business or industry, the more financial services and specialization it requires. As the crypto industry grows up and more firms establish themselves, important services such as auditing and tax consultancy become increasingly necessary. Traditional auditing and consulting firms are answering the call by hiring crypto specialists in droves. According to an article
The post Mainstream: ‘Big Four’ Auditor PwC Has 400 Crypto Specialists on Staff appeared first on CCN
Jim Iuorio, a veteran futures and options trader who commonly contributes to CNBC’s Futures Now, has recently stated that $ 6,000 is increasingly looking like a pivotal support level for Bitcoin (BTC) moving forward. While speaking with CNBC last Thursday on the floor of the Chicago Mercantile Exchange leading up to the recent close of the CBOE bitcoin […]
One of Australia’s “big four” banks, Commonwealth Bank (CBA), has agreed to pay Australian Transaction Reports and Analysis Centre (AUSTRAC) AUS$ 700M ($ 530M USD) in settlements for breaching anti-money laundering and counter-terrorism financing laws.
During a period of 3 years, CBA had failed to report 53,506 bank transactions, improperly monitored 778,370 accounts for money laundering red flags, and filed 149 suspicious matter reports late. The scandal resulted in the departure of Chief Executive Ian Narev.
CBA denies knowingly breaching AML laws, arguing that a single coding error had led to the failure to report the 53,506 transactions. However, they did admit responsibility for a lack of proper due diligence.