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AICPA Proposes New Standards That Would Apply to Blockchain-Based Audit Data

The American Institute of Certified Public Accountants (AICPA) has proposed a new set of standards for audit evidence including accommodation for blockchain-based data, according to a report by trade publication Accounting Today on June 24.The new proposal, the so-dubbed Proposed Statement on Auditing Standards (SAS), Audit Evidence, will purportedly

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New Partnership Allows TrueUSD Traders to Audit The Coin’s Backing Assets

A new partnership between stablecoin TrueUSD (TUSD) and accounting firm Armanino purportedly allows traders to conduct instant audits of the token’s backing. The news was announced by TrueUSD in a blog post on Mar. 5.The dashboard developed by Armanino purportedly enables traders to monitor TrueUSD token balances and collateralized

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Ethereum Devs Delay ASIC-Resistant PoW Algorithm Decision Until Third-Party Audit

Ethereum (ETH) core developers have delayed the decision to implement Application-Specific Integrated Circuit (ASIC)-resistant proof-of-work (PoW) algorithm ProgPoW. According to an Ethereum core developer meeting on Feb. 1, the team wants to wait until the algorithm is audited by a third party.Ethereum core developer Hudson Jameson declared during the call

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