The New York Department of Financial Services (DFS) is drawing some internal heat over whether it’s doing a good job overseeing crypto activity through its BitLicense program, according to a review from New York State Comptroller Thomas DiNapoli.
TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team
Armanino’s digital asset team rebranded itself to The Network Firm, as CoinDesk reported, to continue performing audits and attestations after the collapse of FTX.
ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges
While ChatGPT-4 can’t compete with human auditors yet, OpenZeppelin noted it was not optimized to do so, and AI models trained for this purpose would likely be more accurate.
Multiple US state regulators allege AI trading dApp is a Ponzi scheme
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could.
Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son.
‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come
The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so.
USDC transfer volume hit 5X USDT’s in fallout from FTX collapse
Although it has a much smaller market cap, on-chain data shows that USDC has a much greater transfer volume compared to its main competitor USDT.
Be ‘very wary’ of crypto proof-of-reserve audits: SEC official
SEC’s acting chief accountant Paul Munter said that investors shouldn’t place too much confidence in a company holding up a proof-of-reserves audit.
$16K retest the most likely path for Bitcoin, according to 2 derivative metrics
Top traders’ long-to-short ratio and stronger demand for stablecoins in Asia indicate higher odds of further price correction.
Total crypto market cap takes another hit, but traders remain neutral
The total crypto market cap is at risk of falling below $825 billion, but data shows traders actively adding to their longs and shorts.
Tether commercial paper exposure now under $50M, says CTO
Tether is also looking to become more transparent, having hired a new accounting firm to conduct regular audit and attestation reports to ensure its stablecoin is properly backed by the USD.
Solana and Ethereum smart contract audits, explained
What are smart contract audits, how do they work, and how do they benefit the crypto projects who get their code scrutinized? Let’s find out.
Former ConsenSys employees file for audit claiming ‘serious irregularities’
“Joseph Lubin is the majority shareholder of both companies. The transaction was to the detriment of the minority shareholders of CAG and to the benefit of Joseph Lubin personally,” the group alleged.
Regulators scrutinizing Tether’s commercial paper reserves: Comptroller of the Currency
Tether is still under regulatory pressure with eyes now cast towards its commercial paper reserves.
Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stablecoin
Tether’s general counsel said a full audit is coming in months.
Stablecoin Issuer Promises Full Audits of Euro-Backed Crypto Token
The engagement of BDO Malta aims to dispel any doubts that EURS stablecoins are backed one-to-one by euros.