Anyone want to see what an IRS audit looks like? : Bitcoin
Bitcoin is the first money that requires no physical space to store it, no courier to carry it, no bookkeeper to count it, no auditor to check on it, no security guard to protect it, and no government to issue it.
Bitcoin is the first money that requires no physical space to store it, no courier to carry it, no bookkeeper to count it, no auditor to check on it, no security guard to protect it, and no government to issue it. (x-post from /r/Bitcoin)
08-31 08:58 - 'Once again--you need to learn about bitcoin before you go spouting off. / The exchange can prove its holdings. So when it gets audited, the auditors can confirm it has the investors' money.' by /u/forgoodnessshakes removed from /r/Bitcoin within 715-725min
Fellow Redditors, Like many of you, I had several coins stored at Mt. Gox on February 7th, and rode with you on this emotional rollercoaster of tragic events. These have made many of us angry, sad, and regretful, as this event was fully preventable, and should be prevented in the future. With the failure of Mt. Gox, Bitcoin has matured to the point where voluntary audits of major Bitcoin exchanges and businesses would help provide peace of mind to investors while also providing a great tool for exchange managers to show the competence of their teams, the quality of their security, and the existence of their assets. In addition, voluntary audits will help show reasonable government regulators that the community is doing an excellent job of policing itself, and will help reduce the risk of innovation-stifling regulations coming through in the future. Fortunately, I'm in the position to help provide these services, and have every motivation to help our community improve its peace of mind in the future as a result of several years of research and investment in the currency. I work for one of the international Big 4 global accounting, audit, and advisory firms on the team responsible for developing thought leadership materials for our banking and financial services clients. Our senior leadership is exploring the possibility of providing audit and assurance services to Bitcoin-based exchanges and businesses, and has asked our team to understand if there is a need in the community. I strongly believe that the power of a major audit firm's name behind Bitcoin businesses will drive greater adoption of the currency via reduced risks to investors and will help provide legitimacy in the eyes of the average person. To help advance Bitcoin's future, we need your help in identifying opportunities to help Bitcoin companies better secure their businesses and provide investors peace of mind. If you own an exchange or know someone who may be able to help us initiate conversations in this area, please send me a message!! Voluntary audits will be great for the future of Bitcoin, and we would really love to help out as this technology matures into its next stage. Thank you in advance, and I'll be sure to provide updates as we do our part to help out the Bitcoin community. Best Regards, The_Bitcoin_Auditor Edit: Feel free to ask any questions regarding the role of an auditor, what we do, or how we could help with the future of Bitcoin.
Mass exodus of high-level employees, inability to pay rent for bitcoin.com domain name, and ex-CTO saying they defrauded auditors. Do NOT cry when you lose your money on OKCoin.
Many people were warning about problems with MTGOX in October 2013 and earlier. It took several more months for it to finally implode. What do you owe OKCoin? It will take two minutes to sign up for another exchange. Just do it now.
peur.io Marketplace increases merchants trust level in e-commerce. Our merchants are registered & verified by external & internal auditors. They will also get reviews and ratings from customers through smart contracts. #peur #cryptocurrency #bitcoin #dash #ico
Hi friends, i want to tell you about UniLend project which will be listed soon. First of all i want to tell you, Unilend team announced that CertiK has audited UFT smart contract. The blockchain security pioneer is one of the most advanced auditors in whole-chain, smart contracts, and VAPT verification in the scene. Certik's best-in-class cybersecurity experts have delivered end-to-end security audits for over 220 clients, including over 118k lines of code, and now UFT smart contracts as well. Here is the announcement by the CertiK: UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. UniLend Features *Permissionless listing: Any ERC20 token will be able to list without any entity controlling the listing process, making UniLend’s features accessible to every token. *Lending & borrowing: Users have the capability to unlock their token’s functionality for lending to receive an interest rate and for borrowing by paying an interest rate. *Trading: A corresponding trading pair will also operate on UniLend's platform to include decentralized spot trading functionality for platform users. *Governance: The protocol will be governed by its token holders through proposals in order to ensure adjustments to the protocol are made with a majority consensus. *Liquidity: By providing liquidity for asset trading and loans on Unilend's platform, users are able to receive fees in proportion to their liquidity pool stake. *Native Utility Token: The native utility token of UniLend will be UFT, Unilend Finance Token. The token will have multiple use cases for governance, platform utility, and much more. How is UniLend different to existing DeFi protocols? Existing DeFi solutions have left the majority of digital assets outside of the DeFi ecosystem. There are over 6000 tokens listed on coinmarketcap. However, the current platforms such as Compound, Aave, Maker DAO, and many more, support less than 30 assets.Some protocols offer lending and borrowing with a limited set of tokens while others offer the freedom to trade any ERC20 assets but neglect the lending and borrowing aspect. UniLend is bridging that gap by combining the decentralization aspect of enabling any ERC20 to be utilized as collateral for lending & borrowing whilst providing the flexibility for users to also trade their assets in-platform. Ultimately, UniLend aims to unlock the full potential of digital assets for their owners. Investors UniLend Successfully Raises $3.1M in Seed and Private Sale Rounds Amid Overwhelming Strategic Investor Support Unilend funding rounds attracted the attention of some of the industry’s heaviest hitters, including Woodstock Fund, Signal Ventures, 3Commas, Danish Chaudhry (Head of Bitcoin Exchange), Jay Putera (Partner at CryptoBriefing ), TRG Capital, BTC12 Capital, AU21 Capital, Youbi Capital, TomoChain, Bidesk, Bibox, Tenzor Capital, and Sandeep Nailwal (Co-founder of Matic Network). Tokenomics *Platform: ERC20 *Total Supply: 100,000,000 UFT *Initial Circulating Supply: 7,777,778 (7,78%) *Seed Round Price: $0,07 (25% released after 6 months, 25% after 12 months, 25% after 15 months and 25% after 18 months) *Seed Round Hardcap: $700,000 (reached) *Private Round Price: $0,12 (25% release at TGE, 25% after 3 months, 25% after 6 months and 25% after 9 months) *Private Round Hardcap: $2,400,000 (reached) *Public Sale: Interest form is cloesed,lottery done with partneeship Chainlink VFR, KYC process ongoing. (Hardcap: $150,000, oversubscription) There will be a voting for Bithumb Global Listing on October 15th - 12:00 to 16:59 (UTC+8) Conclusion UniLend protocol is working to create a new niche in the market which has been neglected and untapped by current solutions in the DeFi space. I believe team efforts will create a level playing field in the market by enabling every token to be a part of the growing DeFi ecosystem.
NANO Sojourns With Travala, DASH Opens to Market With 200K, As Crypto Winter Forces Smart Contract Auditor To Lay Off 80% of Staff - Today's Gazette - Cryptocurrency, Bitcoin, Ripple, Tron, Verge, Cardano News
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Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all ... However, the auditor may or may not be able to determine the product that was delivered by solely evaluating information on the Bitcoin blockchain. Therefore, recording a transaction in a blockchain may or may not provide sufficient appropriate audit evidence related to the nature of the transaction. In other words, a transaction recorded in a blockchain may still be: ‘Big 4’ Auditor KPMG Launches Crypto Asset Management Tools Jun 23, 2020 at 07:17 UTC Updated Jun 23, 2020 at 15:15 UTC KPMG's Chain Fusion project has been in the works for a year, said ... Secondly, the auditor has to be technically capable and trustworthy, because there are still some areas of the process where a dishonest exchange could mislead them, or for the auditor to mislead ... Other Bitcoin businesses may need different techniques. Depending on the type of Bitcoin business and the complexity of its transactions, an auditor may require a cryptographer or IT specialist to perform such procedures in order to comply with ISA 620.
Inside a Bitcoin mine that earns $70K a day - YouTube
GET OUT OF THE MARKET! YOU'RE BEING PLAYED!! Rich Dad Poor Dad Author Robert Kiyosaki and Bitcoin - Duration: 36:53. Digital Asset News 171,881 views Recap of everything Simply Bitcoin for August 27th 2020 Thanks to our Sponsor https://www.cryptocloaks.com Check it out for all your bitcoin related 3D print... OneCoin blockchain was audited by professional auditors. OneCoin is the first and only cryptocurrency so far to be audited. Bitcoin Halving in 30 Tagen: Grundlagen, Ausblick und das BCH Desaster 3:50 - Was ist das Halving eigentlich? 12:14 - Warum ist das Halving für Mining Profit... Patreon: https://www.patreon.com/audittheaudit Facebook: https://www.facebook.com/pg/audittheaudit1 Twitter: https://twitter.com/AuditTheAudit Audit the Audi...