Avalanche soars to new highs after Deloitte adoption — But risks emerge for A...
The "Big Four" accountant announced that it would leverage Avalanche's blockchain for a new project. 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 total crypto market cap. In contrast, AVAX's top rival tokens, including Bitcoin (BTC) and Ether (ETH), fell by over 13% and 12.50% WTD, respectively. Top 15 crypto....
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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....
'Big Four' professional services firm Deloitte has published a report that takes a look at the potential uses of blockchain technology while arguing that its acceptance and wider adoption are fast approaching. Introducing the paper, two of the firm's partners say that while the tipping point for the technology may not occur until around 2027, Deloitte anticipates adoption "will occur much faster" as new applications emerge. Deloitte anticipates a number of applications for blockchains across various industries. In a statement accompanying the paper, it cited some example use....
The market cap of AVAX touched $30.32 billion for the first time in history. 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. Source: CoinMarketCapAVAX price hits another record highAVAX price climbed while ignoring price corrections elsewhere in the crypto market after....
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....
A recent Deloitte report indicates increasing adoption of blockchain technology, influenced by industry working groups and consortia. Blockchain consortium has found a new follower in Deloitte. The “Big Four” consulting firm, according to a report, attributes the success of blockchain technology to various groups. The consortium of global banking and financial institutions headed by R3 and other similar consortia seems to have played an important role in blockchain adoption. Deloitte is one of the early adopters of distributed ledger technology. It has been supportive towards startups....