Deloitte and NYDIG set up alliance to help businesses adopt Bitcoin
Professional services giant Deloitte is getting increasingly serious about Bitcoin (BTC) amid the ongoing market downturn, setting up a major initiative to promote BTC adoption. Deloitte has partnered with the Bitcoin-focused financial services firm, New York Digital Investment Group (NYDIG), to help companies of all sizes implement digital assets. According to a joint announcement on […]
75% of retailers eyeing crypto payments within 24 months: Deloitte
Three quarters of United States retailers plan to accept crypto or stablecoin payments within the next two years according to a new survey. It also found that more than half of large retailers with revenues over $500 million are currently spending $1 million or more building the required infrastructure to make it happen. The information […]
Bitcoin well positioned to help governments create cheaper CBDCs: Deloitte
A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base from which to create a cheaper, faster and more secure ecosystem for electronic fiat or central bank digital currencies (CBDCs). Deloitte’s analysis, “State-Sponsored Cryptocurrency,” pointed out the need for a complete redesign of the traditional fiat ecosystem to overcome […]
Avalanche pushes out Dogecoin from top-10 after AVAX price soars 100% in November
Avalanche (AVAX) is now the tenth-largest cryptocurrency by market capitalization after more than doubling in price since the start of November. AVAX entered the top-10 crypto index after pushing out Dogecoin (DOGE). In doing so, its circulating market valuation reached $30.60 billion for the first time compared to Dogecoin’s $30.30 billion. AVAX circulating market cap. […]
Avalanche soars to new highs after Deloitte adoption — But risks emerge for AVAX price
Avalanche (AVAX) rose to a new price high on Nov. 18 and posted weekly gains after its developer, Ava Labs, entered a partnership with “Big Four” accountant firm Deloitte. The AVAX price reached a little over $110 after rising circa 16% week-to-date (WTD), with its circulated market cap hitting $23.76 billion, almost 0.93% of the […]
81% of finance execs say blockchain has gone mainstream: Survey
Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte. According to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that blockchain technology is “broadly scalable” and has achieved mainstream adoption. Released last […]