Tag: Deloitte

Deloitte seeks crypto experts

by Blockchain News

Big Four accounting firm Deloitte is ramping up its crypto expertise, actively seeking individuals with cryptocurrency knowledge to join its team. While other “Big Four” accounting firms like Ernst & Young, KPMG, and PricewaterhouseCoopers have no crypto-related job openings, Deloitte has over 300 in the United States alone, with almost all of them posted just a week ago on LinkedIn.

Deloitte has several job titles related to cryptocurrency, such as Blockchain & Digital Assets Manager, which is available in 97 different locations across the United States. Other job titles include Tax Manager, Blockchain & Cryptocurrency, available in 18 U.S. locations, and Tax Manager, Blockchain & Cryptocurrency in NFTs, with openings in three US locations.

The role of Blockchain & Digital Assets Manager lists responsibilities to include providing various services such as financial statement audit, internal controls specific to blockchain and digital assets, audit readiness for blockchain and digital asset transactions, IPO readiness and SEC reporting services, SPAC transactions and accounting advisory services for digital asset transactions.

Applicants for the role of Tax Manager will manage teams providing tax advisory and compliance services to a diverse range of clients, including those in the cryptocurrency and blockchain industries. The responsibilities include leading clients in legal entity structuring and analyzing tokens and deals, among others.

This move comes as Deloitte signals its continued support and interest in Web3 and crypto. In February, the firm announced a partnership with Vatom, a Web3 platform, to provide immersive experiences to different industries. This collaboration offers various opportunities for companies looking to enhance culture using virtual reality, as well as for brands aiming to improve community engagement.

Circle reportedly hired Deloitte to audit its proof-of-reserves in January, further solidifying Deloitte’s interest and involvement in the crypto space.

As of now, LinkedIn has received over 1,000 applications from multiple locations for the different job roles, and there are several crossover listings on Deloitte’s website. It is unclear if these positions that Deloitte seeks to fill were advertised previously.

This move by Deloitte reflects the increasing demand for cryptocurrency experts as more businesses and industries explore the potential of blockchain and cryptocurrency technologies. With its extensive reach and expertise in accounting, consulting, financial advisory, risk advisory, tax, and legal services, Deloitte is well-positioned to provide top-notch services to its clients in the crypto and blockchain space.

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Deloitte and NYDIG Forms Alliance to Popularize Bitcoin

by Blockchain News

Big 4 auditing firm Deloitte has formed a strategic alliance with NYDIG as both seek to make Bitcoin (BTC) a more accessible digital currency for all.

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As announced by Deloitte, the alliance will make it easy for companies, irrespective of their sizes, to integrate Bitcoin services, riding on the infrastructural capabilities of NYDIG.

Companies that utilize the onboarding route this alliance will offer will largely be able to leverage the consulting and professional services being provided by Deloitte. The partnership will see NYDIG utilize “Deloitte’s blockchain and digital assets practise across multiple areas involving bitcoin products, such as banking, consumer loyalty, and rewards programs, employee benefits, and more.”

Deloitte is one of the biggest accounting firms with concerted efforts to drive Bitcoin and blockchain adoption across the board.

Despite the current bearish outlook of the digital currency ecosystem, there has been a growing popularity of cryptocurrencies, particularly Bitcoin. Alliances like this can bring more people to benefit from its decentralization power. According to Deloitte, the coalition will be the most active in cases where compliance is important regarding embracing digital currencies.

“We envision a world where traditional financial infrastructure works alongside digital asset infrastructure to deliver clients a best-in-class experience with the highest standards of regulatory compliance,” said Yan Zhao, President of NYDIG, adding that “We’ve already started the journey of bringing Bitcoin to all by embedding bitcoin wallets into existing user experiences, powering bitcoin rewards programs, and enabling bitcoin-secured lending.” 

The number of businesses that accept cryptocurrencies is increasing by the day and digital currency holders arguably needed an environment to spend their acquired coins. The coming together of NYDIG and Deloitte solves this immediate challenge and will ultimately empower businesses to be a part of the evolution of the nascent virtual currency ecosystem.

Image source: Shutterstock

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Unstoppable Domains Partners With Multiple Firms to Support Women of Web3.0

by Blockchain News

Blockchain-based domain name services provider Unstoppable Domains has launched Women of Web3.0, an initiative that seeks to recognize and empower women and other marginalized groups in the growing world of Web3.0.

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Floated in partnership with about 65 Web2 and Web3 companies like Deloitte, Google Cloud, Alchemy, Decentraland, and The Sandbox, the Women of Web3.0 seeks to provide education in emerging tech, while helping to carve out an opportunity for them across the industry.

“The future of web3 is around a powerful value position to businesses and consumers. Our goal is to ensure that diversity, which is a key indicator of innovation, is included in the fabric of the web3 movement,” said Sandy Carter, senior vice president of Unstoppable Domains and founder of Unstoppable Women of web3, in a statement. “With education, community, and mentoring, we’re lowering the barrier to entry for women and creating an investment, job opportunities, and training for millions of women around the world.”

As announced by Unstoppable Domains, the Women of Web3.0 is a movement that extends beyond women and primarily involves those that identify with the LGBTQ+ world. The San Francisco-based startup is kickstarting its program with the donation of $10 million as Domain names to support women in their Non-Fungible Token (NFT) journeys. 

Amongst the focus of the initiative is to incorporate the educational materials from women in the content that is available to the members of the public who wish to learn about Web3.0.

Launched on the heels of this year’s International Women’s day celebration, the Unstoppable Women of Web3.0 has enjoined broad participation as many stakeholders identify with the advocacy for equality as the Web3.0 ecosystem journeys on towards mainstream adoption.

“As a champion of diversity, equity, and inclusion, and women in tech, our goal is to ensure there is equitable access for women in building the future of the internet,” said Janet Foutty, executive chair of the board at Deloitte U.S.

Image source: Shutterstock

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How To Add Bitcoin To The Balance Sheet For Corporations, With Saylor & Dorsey

by NEWSBTC

Is your company ready to buy the Bitcoin dip? Saylor and Dorsey will give you the 411 for free.99. The MicroStrategy World annual conference goes live on February 1st. Learn directly from these two titans of the industry, who have definitely been among Bitcoin’s main proponents and promoters over the last few years. 

Michael Saylor has led by example, buying every dip, and is a constant presence in mainstream media. His interviews are more like classes and the attention they get is outstanding. Jack Dorsey, for his part, left Twitter to focus on Bitcoin. Since then, his Block company announced several projects that’ll definitely strengthen the Bitcoin network from every angle.

About the MicroStrategy World conference, the press release promises it’ll be “focused on Enterprise Analytics and Bitcoin for Corporations. World 2022 is 100% virtual, and—for the first time ever—access to all sections of the conference is free of charge.” That’s an unbeatable price.

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What Will Saylor And Dorsey Talk About?

The conference has two sides, two different events that showcase MicroStrategy’s duality:

“The Enterprise Analytics event will introduce bold new ways to think about analytics and business intelligence, and showcase organizations who’ve used data as a strategic differentiator. The Bitcoin for Corporations event will explore the various benefits of incorporating Bitcoin into corporate initiatives.”

As you might expect, NewsBTC will focus on the second event. It’s important to say that both Dorsey and Saylor’s companies have Bitcoin on their balance sheet. These two put their money where their mouth is, and then some. In any case, what does MicroStrategy World promise?

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“An in-depth discussion on Bitcoin between two visionary voices: Jack Dorsey, CEO of Block, Inc., and Michael Saylor, CEO of MicroStrategy Inc. This session will be followed by a discussion on Bitcoin Treasury with Phong Le (President and CFO, MicroStrategy). Bitcoin for Corporations will also feature live interviews with industry experts from Coinbase, Deloitte, Fidelity Digital Assets, Genesis, Jefferies, NYDIG, Paxos, and Silvergate Bank.”

It’s noteworthy that Fidelity Digital Assets recently shocked the world by predicting more countries and probably a Central Bank or two would add Bitcoin to their balance sheet in the next few years. Christine Sandler, Fidelity’s Head of Sales & Marketing, will represent the company at the conference. 

Saylor ’s Recent Bitcoin History

Since MicroStrategy first added Bitcoin to its balance sheet in August 2020, the company has increased the bet every few months. They issued common stock. They sold stocks. They bought, and bought, and bought, and bought. In a recent interview, Saylor explained the strategy and NewsBTC reported:

“Look, our long term strategy is kind of like Harvard University. We’re running a university but we have an endowment. MicroStrategy is selling enterprise software. We generate $100 million in cash flow a year – in a good year – and we are reinvesting that cash in our endowment. Our endowment is 100% bitcoin.”

Saylor adds that MicroStrategy plans to acquire and hold bitcoin as a balance sheet. As for the operations, the company will continue to sell its enterprise software everywhere in the world.”

Related to this, about MicroStrategy’s free conference, Saylor said:

“We have gained a wealth of experience and expertise innovating our treasury strategy and evolving our corporate bitcoin acquisition strategy. And we’re pleased to be in a position to share our knowledge—via this curated event—for corporations looking to pursue similar strategies and bold initiatives.”

Dorsey’s Recent Bitcoin History

For his part, Dorsey’s strategy is much different than Saylor’s. He’s working in infrastructure. He’s fortifying the network’s weak parts. Among other things, Block announced they’re building a decentralized Bitcoin exchange called tbDEX. Released the Lightning Development Kit. And announced they’re working in an open-source ASIC miner. 

On a personal level, Dorsey and rapper Jay-Z put 500 BTC in a blind trust to promote Bitcoin development in Africa and India. And created the Bitcoin Defense Legal Fund to protect developers from all kinds of lawsuits.

BTCUSD price chart for 01/21/2022 - TradingView

BTC price chart for 01/21/2022 on Gemini | Source: BTC/USD on TradingView.com

The Price Of Bitcoin

Despite Saylor’s and Dorsey’s efforts, Bitcoin is bleeding. On one hand, Proof-Of-Stake proponents straight up lied before U.S. Congress in a hearing about Proof-Of-Work’s environmental risks. On the other, there’s a rumor that Russia is considering banning Bitcoin in some capacity. Both of those situations caused panic in the market, and Bitcoin’s price is currently 40% lower than the ATH of $69K. 

Will Michael Saylor buy the dip? 

Featured Image: screenshot from the conference's website | Charts by TradingView

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Crypto.com Coin Rallies Another 25% as Firm Aims for Mainstream Adoption

by Cryptobriefing


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Crypto.com’s native token CRO has continued its multi-week rally, gaining another 25% after becoming the first cryptocurrency platform to achieve SOC 2 compliance. Crypto.com also announced it had bought the naming rights to LA Lakers’ home arena earlier this month.  

Crypto.com Coin Nears $1

Crypto.com’s native token is soaring off the back of a string of major announcements. 

CRO spiked 25% Tuesday following the exchange’s successful completion of a Service Organization Control (SOC) 2 Audit.


The audit, conducted by globally recognized consulting firm Deloitte, affirms that Crypto.com’s information security practices, policies, procedures, and operations meet all SOC 2 standards. Crypto.com is the first crypto exchange to achieve SOC 2 compliance.

The SOC 2 compliance has helped CRO reach gains of 384% over the past month and is only the latest development in a run of bullish catalysts.

CRO/USD chart. Source: CoinGecko

At the end of October, Crypto.com announced a $100 million advertising campaign, releasing its “Fortune Favors the Brave” advertisement starring actor Matt Damon. Last week, the exchange also made headlines when it paid $700 million to acquire the naming rights for LA’s iconic Staples Center, renaming it to the Crypto.com Arena in a 20-year deal. 



Crypto.com is also making efforts to improve its user experience. At the start of November, the exchange announced support for deposits and withdrawals on Cronos, a new, scalable EVM-compatible chain developed by the Crypto.org team. Cronos will work in tandem with the existing Crypto.org Chain and aims to scale the DeFi ecosystem by providing developers with the ability to rapidly port apps from Ethereum and EVM-compatible chains. 

The recent positive price action makes the CRO the 12th largest cryptocurrency by market capitalization. The coin currently trades at $0.93 and is quickly approaching the $1 milestone. Whether it will be able to break this strong psychological level remains to be seen.

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Avalanche pushes out Dogecoin from top-10 after AVAX price soars 100% in November

by Cointelegraph

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: CoinMarketCap

AVAX price hits another record high

AVAX price climbed while ignoring price corrections elsewhere in the crypto market after Nov. 10.

Notably, Bitcoin (BTC) plunged by nearly 20% from its record high of $69,000, and Ether (ETH) — the second-largest cryptocurrency by market cap and Avalanche’s top competitor — slipped by 19% from its all-time high at around $4,867.

Nonetheless, their downside sentiment failed to impact AVAX over the past 10 days. The Avalanche token rallied by more than 64% in the period of Bitcoin’s and Ethereum’s price correction, hitting one record high after another, as shown in the chart below.

AVAX/USD daily price chart versus BTC/USD and ETH/USD. Source: TradingView

On Nov. 21, AVAX reached $141.50, its best level to date, after rising by nearly 25% in two days.

Deloitte FOMO

AVAX broke its positive correlation with BTC and ETH in the days leading up to “Big Four” accounting firm Deloitte’s decision to build its disaster relief platforms atop the Avalanche blockchain platform.

According to Deloitte’s press release published on Nov. 17, the “Close as You Go Service” aims to simplify “disaster reimbursement applications for victims of natural disaster, by aggregating and validating the documentation required for funding.”

The high-profile partnership prompted analysts to anticipate higher demand for AVAX, which operates as a basic unit of account between the multiple subnetworks on the Avalanche platform and as a currency that users could stake on the network to earn passive incomes.

Related: Avalanche soars to new highs after Deloitte adoption — But risks emerge for AVAX price

Pseudonymous market analyst Seq tweeted a rocket emoji to indicate its long-term bullish outlook for AVAX, adding that Deloitte’s partnership with Avalanche would enable more exponential parternships.

“It can be difficult to grasp the scope of Avalanche,” wrote Seq, adding that the project has witnessed “incredible growth” despite launching just one blockchain.

In detail, Avalanche aims to feature multiple chains, with some performing core functions while others being more application-specific. Meanwhile, all non-core blockchains (called subnets) must depend on validators that stake AVAX on any of Avalanche’s three base platforms, dubbed P-Chain, X-Chain, and C-Chain.

Avalanche network in a nutshell. Source: Avalanche Documentation

There is “only the C-Chain,” wrote Seq, noting that it is just one blockchain “in [one] of an infinite number of subnets that are possible.” The analyst added:

“We are just scratching the surface of its potential, and has only been 14 months since mainnet! Avalanche is just getting started!”

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.