The U.S. Securities and Exchange Commission’s (SEC) newest surveillance tool, the Consolidated Audit Trail (CAT), has sparked significant concerns among privacy advocates and legal experts, who warn of an unprecedented expansion of government monitoring over financial transactions. SEC’s CAT Sparks Privacy Concerns and Legal Challenges Recent developments, such as the SEC implementation of the Consolidated […] Source CryptoX Portal
London, United Kingdom, April 17th, 2024, Chainwire A new multichain meme coin, Dogeverse, has raised $6 million in its presale and recently passed a smart contract audit. The new meme coin leverages bridge technology, ensuring the token is available across the most prominent on-chain markets. Multichain Approach Creates Widespread Accessibility Dogeverse’s approach to multichain availability means the token is available across the leading smart contract-enabled blockchains. Its initiative begins on Ethereum, BSC, and Polygon but will soon launch on Solana, Base, and Avalanche. Through this approach, Dogeverse becomes more versatile…
Singapore, Singapre, April 9th, 2024, Chainwire Comprehensive security checks are now possible at only 10% of the traditional cost The price and report creation is 10 times faster and cheaper than traditional firms This firm optimized for projects that “want to audit contracts but have limited budgets” or “wish to conduct an initial audit during the development stage” Bunzz, a Singapore-based web3×AI tech startup launches “Bunzz Audit,” an AI-driven smart contract auditing service offering fast, cost-effective audits with actionable insights for security improvements, scanning contracts from over 100 perspectives using…
Smart contract security audits are an integral part of ensuring a secure and user-friendly Web3 experience. Source
Taking to X on January 2, Jay Jog, the co-founder of Sei, Sei V2, is functionally “code complete” with Zellic and OtterSec, two blockchain security firms, auditing the code base. This development comes as the platform’s native coin, SEI, continues to surge, reaching all-time highs just four months after the launch of the high-performance blockchain in August. What’s The Big Deal About Sei V2? Once it launches in Q1 2024, Sei V2 will introduce a parallelized Ethereum Virtual Machine (EVM). According to developers, this model combines the best features of Solana and Ethereum,…
The FCA has required crypto firms to register to comply with the country’s anti-money laundering regulations since January 2020. Although it then began supervision work, including engaging with unregistered firms, “it did not begin taking enforcement action against illegal operators of crypto ATMs until February 2023,” according to the report. Source
The National Audit Office (NAO) in the United Kingdom has raised concerns about the effectiveness of the Financial Conduct Authority (FCA) in regulating the cryptocurrency industry. In a recent report titled ‘Financial services regulation: adapting to change,’ the NAO has claimed that the FCA is being slow to respond and take action against illicit activities in the crypto industry. High staff turnover rates and a lack of specialist skills increase risk to @TheFCA‘s key commitments. It has responded by recruiting and spending £317m on its change programme. This should help…
Avalanche-based Web3 social media app Stars Arena announced that it has secured the funding to cover the $3 million hole left by an exploit on Oct. 6. The team also added that it will re-open the smart contract once a full security audit has occurred. In an announcement on X, the Stars Arena team noted: “We have secured the resources to close the gap caused by the exploit. Additionally, a special white hat development team is coming in to rapidly review the security of the platform.” Important news: we have…
Proof of humanity protocol Worldcoin released its audit reports on July 28 as criticism of its data collection practices continues to mount. The new reports were conducted by security consulting firms Nethermind and Least Authority. According to an accompanying announcement from Worldcoin, Nethermind found 26 security issues with the protocol, of which 24 were “identified as fixed” during the verification phase while one was mitigated and another was acknowledged. Least Authority discovered three issues and made six suggestions, all of which “have been resolved or have planned resolutions,” the announcement stated.…
While artificial intelligence (AI) has already transformed a myriad of industries, from healthcare and automotive to marketing and finance, its potential is now being put to the test in one of the blockchain industry’s most crucial areas — smart contract security. Numerous tests have shown great potential for AI-based blockchain audits, but this nascent tech still lacks some important qualities inherent to human professionals — intuition, nuanced judgment and subject expertise. My own organization, OpenZeppelin, recently conducted a series of experiments highlighting the value of AI in detecting vulnerabilities. This…