Saturday, November 23, 2024
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Why Compliance Is the Biggest Team at Bitcoin ATM Startup Coinsource

Coinsource, a well-known bitcoin ATM company, purchased a booth at this year's Consumer Electronics Show (CES) in Las Vegas. Given increased interest from the IRS in bitcoin ATMs, we were especially curious about how users reacted when Coinsource increased its know-your-customer (KYC) requirements."Our compliance department is actually the largest department

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PwC Switzerland Partners Smart Contract Auditing Team ChainSecurity

Smart contract auditing team ChainSecurity partnered with the Swiss branch of Big Four auditing firm PwC to enhance the services the global auditor provides.In an email sent to CryptoX, a PwC spokesperson explained that no acquisition took place and multiple ChainSecurity teams joined the firm. Hand in handAccording to a

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PwC Switzerland Incorporates ChainSecurity Team to Expand Blockchain Audit Tools

PricewaterhouseCoopers (PwC) Switzerland has “hired” smart contract audit firm ChainSecurity’s team, folding the company and its expertise into the Big Four accounting firm, the companies announced earlier this week.In what seems like an acquisition in all but name, the seven technical engineers are joining the accounting firm and to bolster

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Bugs Found in Compiler for Readable Ethereum Smart Contracts, Team Downplays Concerns

A Jan. 8 post published by the Ethereum Foundation (EF) revealed that developers are working on a new implementation of the Vyper compiler, due to “multiple serious bugs” in the existing version. The Vyperlang team responded by noting that existing Vyper smart contracts were not affected by these bugs.Vyper

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Rivals Signature Bank and Prime Trust Team up to Offer Instant Payments for Institutions

Crypto banking competitors Prime Trust and Signature Bank have partnered in a bid to appeal to institutional clients. Signature announced Monday it would be linking its Signet payments platform to Prime Trust's multi-asset settlement platform, creating a new service offering "real-time" settlements for digital asset trades."Any Signature Bank commercial client

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Chinese Internet Giant Tencent to Launch Digital Currency Research Team

Tencent, the Chinese internet giant and owner of WeChat, is reportedly forming a team to explore possible new use cases for cryptocurrencies. According to reports by Chinese media, Tencent issued an internal notice informing employees it was searching for someone to head a new cryptocurrency research unit, which will form

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Jack Dorsey Announces New Twitter Team: Square Crypto, but for Social Media

The new team would follow a model similar to Square Crypto, a bitcoin-focused entity separate from Dorsey's fintech unicorn Square. Likewise, the new Twitter entity would focus on open standards for decentralized processes across social platforms, rather than proprietary structures. Although Dorsey didn’t directly associate the disparate efforts, he hinted

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State Street Slashes DLT Developer Team as Bank Rethinks Blockchain Strategy

“If something is Fabric-related we still have some Fabric engineers on board,” said Achkar, who runs a digital asset product development and innovation team in London, complemented by similar teams in the U.S. and Singapore. But his objective is to identify the best business cases, rather than the best protocol,

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A Product Development Team Just Made ETH Block Production Twice As Fast

Blockchain advisory and product development firm Akomba Labs conducted a test on the Ethereum network that shows it can make block propagation at least twice as fast.Coindesk reported on Nov. 27 that Akomba Labs — in collaboration with the scalability-focused blockchain startup BloXroute — ran a two-week test measuring

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