SV-Based Taraxa Revolutionizes Legacy Data Auditing With Mathematically Provable Audit Trails

PRESS RELEASE. Santa-Clara, CA – Taraxa’s newly released testnet was just put to use for a process auditing platform that minimizes operational friction in multi-party business processes. The Silicon Valley-based blockchain startup is building auditing solutions that infuse database-integrated systems with transparency and credibility by using data anchoring and cryptographic proofs to mathematically verify the origin and integrity of operational transactions. Cryptographically secured infrastructure and the flagship application Taraxa takes operational auditing to the next level with its cryptographically-secured audit log, finally solving the problem of capturing unstructured operational data…

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FCoin Blames Poor Auditing for Shutdown, but Others Suspect Exit Scam

Less than two years after bursting onto the scene, Chinese crypto exchange FCoin has shut down its operations. The platform, founded by Zhang Jian, also says it may be unable to pay the 7,000 to 13,000 Bitcoin (BTC) — about $67 million to $125 million — that is owed to its customers. Jian, the former chief technology officer of Huobi, tried to explain the reasons for the platform’s insolvency, identifying poor auditing practices. Crypto pundits, however, say there is a more sinister aspect to FCoin’s demise — one that involves a…

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