As ZK Tech Booms in Crypto, Developers Must Consider User Safety
The next major line of defense is proper code auditing. This can’t merely be internal auditing done by the developers themselves. Instead, third-party services need to be employed that publish complete and transparent reports on any and all issues found within the code. These audits also need to be performed regularly, especially when changes are made to the codebase, to ensure updates don’t inadvertently introduce errors. Having this level of comprehensive review and transparency is the foundation of keeping all users safe.
Related Posts
Bitcoin News Roundup for Oct. 19, 2020
Oct 19, 2020 at 16:00 UTCBitcoin News Roundup for Oct. 19, 2020With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup!For early access before our regular noon Eastern time releases , subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.This episode is sponsored by Crypto.com, Nexo.io and Elliptic.Today's stories:Bitcoin’s transaction activity has…
Overstock’s Medici Inks Deal for Local Land Registry in Mexico
news Medici Land Governance, a subsidiary of Overstock’s venture arm Medici Ventures, has signed a memorandum of understanding with a local government in Mexico to create a digital land records system. According to Monday’s announcement, the memorandum of understanding was struck with the municipal government of Tulum, which is located in the state of Quintana…
This Visa Credit Card Gives Bitcoin Rewards on Dollars Spent
Members of the Fold team. (Credit: Fold)This Visa Credit Card Gives Bitcoin Rewards on Dollars SpentThe startup behind the bitcoin-friendly shopping app Fold just joined the Visa Fast Track Program to issue a credit card that offers bitcoin rewards instead of traditional reward points. Fold founder Will Reeves said an email poll of roughly 30,000 Fold…
Nigerian Court Postpones Decision on Gambaryan Bail Application
A Nigerian court deferred a decision on a bail application by Tigran Gambaryan, crypto exchange Binance's head of financial compliance. Gambaryan's lawyer filed a new application for bail on medical grounds on Monday. A Nigerian court deferred a decision on a bail application by Binance's head of financial compliance, Tigran Gambaryan, whose health has been
India’s Market Regulator Suggests Shared Crypto Oversight Even as RBI Seeks Stablecoin Ban: Reuters
India's markets regulator has suggested that several regulators oversee trade in cryptocurrencies, Reuters reported.The suggestion was made to a government panel tasked with formulating policy for the Finance Ministry to consider.India's markets regulator has recommended that oversight of cryptocurrency trading should be vested in several authorities, Reuters reported.The Securities and Exchange Board of India's (SEBI)
A Third of Crypto Exchanges Have Little or No KYC, Says CipherTrace
Nov 28, 2019 at 10:42 UTCUpdated Nov 28, 2019 at 10:47 UTCA good portion of the cryptocurrency exchange industry is running the risk of falling afoul of the Financial Action Task Force's (FATF) "Travel Rule" guidance announced in July, according to new research.Blockchain compliance solutions provider CipherTrace says in its Q3 Cryptocurrency Anti-Money Laundering (AML)…
Grayscale Moves to List Bitcoin Cash and Litecoin Trusts for OTC Traders
Jul 21, 2020 at 21:19 UTCGrayscale Managing Director Michael Sonnenshein. (CoinDesk archives)Grayscale Investments has announced that its digital asset funds Bitcoin Cash Trust and Litecoin Trust have cleared a regulatory hurdle in their march to begin being quoted on over-the-counter markets. The U.S. Financial Industry Regulatory Authority (FINRA) on Monday verified that the trusts’ broker-dealer…
High Times Now Says It’s Accepting Crypto Payments For Its IPO
It turns out that the cannabis publication High Times is accepting cryptocurrency for its ongoing initial public offering (IPO) after all. The publication announced at the beginning of August that it would accept bitcoin and ethereum for its IPO, but later walked back that announcement in an August 13 filing submitted to the U.S. Securities…