Transparency – Page 4

US Accounting Watchdog Issues Warning on Crypto Proof-of-Reserve Audits: Investors Urged to Exercise Caution

March 10, 2023

According to a recent warning by the U.S. Public Company Accounting Oversight Board (PCAOB), crypto proof-of-reserve (POR) audits have limitations, and the board believes that investors should exercise caution when dealing with companies using POR audits. PCAOB Calls for Investor Caution and Due Diligence When Using Proof-of-Reserve Reports The U.S. accounting watchdog recently issued an…
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The Agenda podcast chats crypto, media and ethics with Molly Jane Zuckerman

March 1, 2023

Should crypto media have a universal code of ethics, and what role — if any — should journalists play in promoting crypto mass adoption? 2022 was a rather challenging year for the crypto sector, and the prevalence of Ponzi schemes, decentralized finance scams, nonfungible token rug pulls and questionable centralized exchange bookkeeping put the issue…
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TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting

February 23, 2023

On Wednesday, the stablecoin project Trueusd announced that it is leveraging Chainlink Proof of Reserve (POR) technology to provide real-time verification for the minting of trueusd tokens. The trueusd crypto asset has a circulating supply of over 968 million tokens and is the sixth-largest stablecoin by market capitalization. Archblock Uses Chainlink to Verify Reserves Before…
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What are the applications of NFTs in supply chains?

February 15, 2023

PFP NFTs have seen a lot of adoption over the years. Can NFTs be valuable in real-world scenarios and address pain points with supply chains? What are the real-world challenges of implementing NFTs at scale across supply chains? Technology is often only a means to an end and is seldom a silver bullet. There are…
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House Republicans Demand Answers From SEC Over FTX Co-Founder’s Arrest

February 12, 2023

On Feb. 10, 2023, Republicans Patrick McHenry of North Carolina and Bill Huizenga of Michigan, both members of the U.S. House of Representatives, sent a letter to Securities and Exchange Commission (SEC) chairman Gary Gensler seeking answers about the arrest of FTX co-founder Sam Bankman-Fried prior to his scheduled testimony before the House Financial Services…
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IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

February 12, 2023

According to a recent mission statement published by the International Monetary Fund (IMF), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use of bitcoin. However, the United Nations financial agency warns that if its legal tender…
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Bitcoin Records Largest Mined Block to Date, 4 MB Block Containing NFT Causes Unease Among Small-Block Supporters

February 2, 2023

Amid the controversy surrounding the Ordinals project and the debate over what types of data should be stored on the Bitcoin blockchain, the network mined its largest block, nearly 4 MB in size, containing just 63 transactions. One of the transactions was a 3.94 MB Ordinal inscription featuring an image of a wizard, and the…
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Secret Network validator shuts down nodes after leadership turmoil

January 30, 2023

An internal conflict at the privacy-focused Secret Network has resulted in at least one validator throwing in the towel. A major validator for the privacy smart contract layer-1 blockchain Secret Network has announced that it will no longer provide nodes and support for the network. On Jan. 29, major validator Smart Stake announced that it…
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Sao Paolo Introduces Blockchain in Data Access Law

January 28, 2023

The Brazilian city of Sao Paolo has introduced the concept of blockchain in its municipal data access and transparency law. The concept of blockchain is defined as a technology that can be of use in this field, but the city has not defined the structures or the implementation for its use in the future. Sao…
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‘There will be many more zeros’ — Kevin O’Leary on FTX-like collapses to come

January 18, 2023

The Shark Tank star said all unregulated exchanges are seeing “massive outflows” right now, and rightly so. Unregulated crypto exchanges will continue to fall like dominoes post-FTX, with plenty more “meltdowns” to come, warns Shark Tank star and investor Kevin O’Leary. O’Leary, a former spokesperson and proponent for the now-bankrupt FTX exchange, told Kitco anchor…
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Tag: Transparency