Day: November 16, 2021

Deloitte Forms Strategic Alliance With Avalanche Blockchain

Data can only move as fast as the tool that is powering it. This week, an announcement from Deloitte and Ava Labs looks to streamline federal emergency funding applications. Deloitte will be leveraging the Avalanche blockchain “to help state and local governments easily demonstrate their eligibility for federal emergency funding.” A Much Needed Solution For Deloitte Deloitte is known as one of the “big four” accounting firms, working closely with some of the biggest companies, government agencies, and more throughout the US. Deloitte currently works with the Federal Emergency Management…

US Justice Dept is selling $56M in crypto to compensate victims of BitConnect’s fraud

The United States Department of Justice is planning to sell $56 million worth of cryptocurrency seized in connection with its case against Ponzi scheme BitConnect. In a Tuesday announcement, the Justice Department said it would sell the seized crypto and hold the proceeds in U.S. dollars until it could use the funds to provide restitution to BitConnect victims. The U.S. government is currently holding the $56 million in crypto in wallets, and said the amount of compensation to those affected by BitConnect’s fraud would depend on a “future restitution order…

Big Four Accounting Firm Deloitte Forges Partnership With Ava Labs to Leverage Avalanche Blockchain – Blockchain Bitcoin News

On Tuesday, one of the Big Four accounting organizations, Deloitte announced a strategic partnership with Ava Labs, the team behind the blockchain network Avalanche. According to the announcement, Deloitte’s new cloud-based platform leverages Avalanche in order to “improve security, speed and [the] accuracy of Federal Emergency Management Agency reimbursements.” Deloitte to Utilize Avalanche Protocol to Enhance Newly Launched Close as You Go Platform During the last few years all four of the Big Four accounting networks, PWC, Ernst & Young (EY), KPMG, and Deloitte have been involved in blockchain consulting,…

MLB Sensation Shohei Ohtani Becomes FTX’s Newest Brand Ambassador

Major League Baseball (MLB) phenom Shohei Ohtani is joining FTX as its newest brand ambassador, the crypto exchange announced Tuesday. Ohtani’s compensation for the deal will be paid entirely in cryptocurrency and FTX equity, according to a report from CNN. The deal with the Los Angeles Angels ace and MLB MVP frontrunner is just the latest of the exchange’s many sports-related sponsorships inked in the last year. FTX signed former MLB slugger David Ortiz as a multi-year ambassador in October, along with a…

What Drove Bitcoin’s Dip Under $60K

This episode is sponsored by NYDIG. Download this episode Bitcoin has been on a journey over the last 24 hours, from nearly $65,000 all the way down to $58,000 and everywhere in between. On today’s episode, NLW explores what’s driving it, including: Leveraged traders left over from last week’s all-time high Twitter CFO saying no investments in crypto President Biden signing the U.S. infrastructure bill with crypto broker redefinition Inflation questions Federal Reserve leadership questions Finally, he points to Marathon’s offering of a half billion dollars in debt to buy…

Money Man – Blockchain (Official Video)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Listen to the single “Blockchain”. Out now! Stream: LYRICS Bought a little Polkadot, bought a little Vechain, bought a little Safemoon House got a safe room Party out in Cancun fucking with the Coinbase Pro got Zcash Fucking with the Robinhood App got a free bag, and I’m on blockchain. Burning on blockchain damn this shit is some octane Chillin at the Hawks game, then I hit the trap spot just to get some bands off 20k in a little got them…

Ripple outlines possible regulatory framework for crypto industry in US

Ripple, the company whose executives have often criticized the United States’ seeming lack of regulatory clarity on the cryptocurrency industry, has outlined its own “pragmatic” framework. In a Tuesday post on its website, Ripple released its vision for a regulatory framework aimed at advancing innovation while protecting investors in the United States. According to the firm, regulators need to be encouraged to promote innovation sandboxes, some of the existing frameworks in the U.S. can be applied to cryptocurrencies and there should be “an active dialogue between regulators and market participants.”…

Bitcoin Funding Rates Fall Below Zero In Market Sentiment Reset

Yesterday, funding rates fell below zero in a market sentiment reset as Bitcoin’s price declined following its new all-time high. Bitcoin Funding Rates Briefly Fell Below Zero Yesterday As per the latest weekly report from Arcane Research, the funding rates have plummeted following a spike around when BTC made a new ATH. Yesterday, they briefly went below zero. The “funding rate” is a Bitcoin indicator that tells us about the current periodic payments that futures contract traders are making between each other. When the metric has positive values, it means…

3 reasons why traders want to buy the Bitcoin price dip to $58.5K

Cryptocurrency traders are scrambling and scratching their heads after a sharp drop in Bitcoin (BTC) price triggered a market-wide sell-off that has nearly every token in the top-200 flashing red on Nov. 16.  Data from Cointelegraph Markets Pro and TradingView shows that Bitcoin price dropped as low as $58,609 before finding buyers who bid the price back to $60,500. BTC/USDT 4-hour chart. Source: TradingView Here’s a look at what some traders and market analysts are saying about this recent downside move and whether or not it is simply a shakeout or…