Prager Metis to pay $745K to Settle SEC charges over FTX audit misconduct
The regulator alleges that Prager issued two audit reports for FTX between February 2021 and April 2022 that falsely represented auditing standards.
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Sen. Warren calls out ‘sham audits’ while SVB threatens crypto bankruptcy
Contrasting her statements against crypto auditors, numerous members highlighted the ongoing collapse of Silicon Valley Bank (SVB), a Federal Deposit Insurance Corporation-insured bank. 590 Total views 12 Total shares Own this piece of history Collect this article as an NFTUnited States Senators Elizabeth Warren and Ron Wyden asked the Public Company Accounting Oversight Board (PCAOB)…
Sorry BitPay, New Bitcoin Upgrade Proposal Disables BIP70 by Default
Cryptocurrency payment processor BitPay may soon find it harder to do business as developers plan to remove support for the way it creates payment addresses.BitPay address support may disappear from BitcoinIn a GitHub discussion about the future 0.19.0 release of the Bitcoin Core client, developers continued plans to disable BIP70 by default, and possibly remove…
Algo Capital Ex-CTO Takes ‘Full Responsibility’ for Hot Wallet Breach
The now-former chief technical officer (CTO) of Algo Capital, the investment arm of blockchain firm Algorand, has published a statement in the wake of a major security breach of an Algo hot wallet under his personal management.As Cointelegraph recently reported, Algo Capital CTO Pablo Yabo’s cellphone was compromised by hackers, leading to the theft of…
Samsung SDS Includes Blockchain Within Digital Transformation Framework
The president and CEO of Samsung SDS — an IT and consultancy subsidiary of the South Korean tech conglomerate Samsung Group — has revealed the firm is including blockchain as one of the key technologies for its “Digital Transformation Network.”The development was revealed during president and CEO Hong Yuan Zhen’s keynote speech at Samsung’s Real…
The Dangers of Mining Pools: Centralization and Security Issues
The larger percentage of cryptocurrency enthusiasts that turn to mining pools, all the more dangerous this kind of mining is likely to become. The reason is simple: The potential rewards grow in correspondence with the number of participants and their hash power, and so too does the incentive to profit from it in less-than-legal or…
‘Elon Musk at Bitcoin 2024’ scam, Lazarus Group hacks, MOG phishing: Crypto-Sec
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DeFi is ‘waking up again’ — Active loans return to 2022 levels
DeFi lending and total value locked is recovering, but many related tokens are still at bear market lows.
Binance to finalize acquisition of Swipe, paving for CEO exit
The exchange acquired a majority stake in Swipe in July 2020 as part of a broader effort to advance mainstream adoption of crypto payments. 435 Total views 10 Total shares Binance, the world's largest cryptocurrency exchange, announced Thursday that it will acquire the remaining outstanding shares of Swipe, a prominent crypto Visa card provider. Users…