News list for "Ernest & Young"
According to a report by CryptoSlate, a survey released by Ernest & Young on September 15 shows that the majority of Financial Institution Groups and businesses that are not currently using stablecoins plan to deploy stablecoins in the next 6 to 12 months. The survey, which included 350 decision makers, revealed that 54% of non-stablecoin users expect to start implementing by 2026, which could significantly boost stablecoin adoption among Financial Institutions Groups and corporates worldwide fr...
Ernest & Young (EY) has announced that it is upgrading its enterprise-grade Layer2 blockchain Nightfall to a zero-knowledge proof (ZK-Rollup) architecture. The new version of "Nightfall_4" was released on April 2, and key improvements include: near-instant transaction confirmation, simplified network architecture, and improved ease of use. Paul Brody, Ernest & Young's global head of blockchain, said that with the lifting of US sanctions on the mixer Tornado Cash, corporate customers' acceptance ...
Last week, PayPal used PYUSD to settle an invoice with Ernest & Young, an accounting firm. The transaction was conducted through SAPSE's Digital Currency Hub platform, which allows businesses to make instant digital payments 24/7. PayPal completed its first transaction using its stablecoin, PaypalUSD (PYUSD), taking a major step in the corporate payments space.
Gregory Daco, chief economist at Ernest & Young, said the Fed was cutting rates "reactive" rather than forward-looking, noting that "Powell acknowledged that if the Fed had seen the July jobs data first,...
"Powell appears to be more dovish than his peers," said Gregory Daco and Lydia Boussour, Ernest & Young-Patnon economists. "Nonetheless, barring a substantial deterioration in the labour market in the coming weeks, we still expect most policymakers to favour a 25 basis point cut in September."
Chris Barford, head of data and analytics for financial services consulting at Ernest & Young in Hong Kong, said that institutional investors have started to pay attention to virtual assets. Ernest & Young's survey found that many institutional investors expect to increase their allocation to virtual assets in the next two to three years. If the assets under management exceed 500 billion US dollars, most will invest about 1% of their assets in some form of virtual currency, and most family offic...
