With so many industries due to be transformed by decentralized ledger technology, it is little wonder that many institutions are seeking guidance as they begin to enter and navigate the blockchain space. The response has been a rapid move by major consulting firms to provide necessary expertise. These companies have long played a role in…
Most crypto analysts agree that mainstream adoption of blockchain technology is well-underway. Although the price recovery of many platforms is clear evidence of this fact, another sign is a rush to hire blockchain experts by a range of legacy financial institutions such as banks, investment groups, and analytics firms. Demand for blockchain skills is clearly…
The investigation into the failure of QuadrigaCX continues to reveal evidence of deception and mismanagement by the exchange’s operators. Ernst & Young, the court ordered auditor of Quadriga’s crypto holdings, has announced that cold wallets, in which most of the exchange’s deposits were presumed to be held, are empty. Also, the accounting firm has reported…
A series of increasingly curious events continue to unfold around QuadrigaCX, Canada’s largest cryptocurrency exchange. The service has closed, claiming to have lost access to most of its funds. However, analysts have uncovered what may be transfers of the so-called inaccessible cryptocurrencies, as well as evidence of accounting inconsistencies surrounding the exchange’s handling of its…