#Ernst & Young News

Ernst &Young (EY) Launches a Procurement Solution for Business in Ethereum

September 28, 2020 by Dalmas Ngetich at Blockchain

Ernst & Young (EY) has launched a beta version of a new private solution using elements drawn from the Baseline Protocol that converts procurement agreements into digital smart contracts on the Ethereum ledger for enterprises as per a press release on Sep 27. The OpsChain Network Procurement Launch Dubbed the "OpsChain...

ConsenSys Co-Founder Announces $100 Million Ethereum Fund

June 7, 2019 by Ashwath Balakrishnan at Ethereum, News

Andrew Keys, a co-founder of ConsenSys Capital, has joined DARMA Capital as a managing partner to help usher in Wall Street money to Ethereum. Keys has departed ConsenSys to focus on DARMA full time, as reported by Bloomberg, June 6, 2019. Pushing Institutionalization Digital Asset Risk Management Advisors (DARMA) is a...

Ernst & Young (EY) Unveils Ethereum Blockchain-Based Nightfall Protocol

April 17, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Business, News

Accounting giant Ernst & Young (EY) on April 16, 2019, announced its private transaction blockchain protocol called "Nightfall" on the public Ethereum network. Taking the Road Less Traveled Although blockchain technology is still very much in its infancy, companies the world over are not shy to use it in innovative...

Nova Scotia Court Okays QuadrigaCX Bankruptcy Proceedings

April 9, 2019 by Ogwu Osaemezu Emmanuel at Business, Exchange, News

QuadrigaCX, the now-defunct Canadian bitcoin trading platform and cryptocurrency exchange, has officially commenced bankruptcy proceedings following approval by Nova Scotia Supreme Court Justice, Michael Wood, according to a CBC report published April 8, 2019. QuadrigaCX Bankruptcy Proceedings Underway The ongoing QuadrigaCX fiasco is gradually coming to an end, as the...

Quadriga CX Victims May Get Refunds Sooner than Later

April 4, 2019 by Ogwu Osaemezu Emmanuel at Business, Commentary, Development, Exchange, News

Creditors of the now defunct Canadian cryptocurrency exchange, QuadrigaCX may get compensated sooner than later, as Ernst & Young (EY), the court-appointed monitor investigating the case, has advised the firm to commence bankruptcy proceedings as soon as possible, to cut costs and expedite the creditors’ refunds process, reports Bloomberg on...

EY Buys US Cryptocurrency Accounting Technology as Institutional Investors Prepare to Enter Market

EY Buys Cryptocurrency Accounting Technology as Institutional Investors Prepare to Enter Market

July 24, 2018 by Priyeshu Garg at Adoption, Bitcoin, Blockchain, Business, Finance, News

Global professional services group Ernst & Young (EY) has announced on July 19, 2018, its acquisition of Andy Crypto-Asset Accounting and Tax (CAAT), a cryptocurrency accounting and regulatory compliance technology solution from Elevated Consciousness, a San Francisco startup that specializes in developing crypto asset solutions. EY announced through its Americas...