I know it's easier said than done, and, really, this sub has been a great source of calm this time around – but I'm sure there are many here questioning their convictions after seeing red for the first time in a while. Just think about why you invested money in the first place: presumably you…
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submitted by /u/ParallelTony [link] [comments]
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 Emergency Management Agency (commonly known as FEMA) to execute disaster reimbursement applications for state and local government agencies. They do this through a tool called Close As You Go (or CAYG). The CAYG platform is a cloud-based solution from Deloitte that aims to provide government partners with a “decentralized, transparent and cost-efficient system.” The Avalanche blockchain will add streamlined speed, efficiency and authentification to the CAYG system. Deloitte cited the blockchain’s eco-friendly advantages as a main criteria that led to the selection of Avalanche for this alliance. Ava Labs will assist the CAYG system in core competencies that include streamlining recovery efforts, simplifying document retention, reducing administrative costs, mitigating risk and building resiliency. These are desperately needed in the FEMA ecosystem, as the agency has historically had it’s name tied to delays around federal emergencies that often need rapid response. For example, a Nevada firewarden said that while he was able to receive wildfire mitigation grants, “a lengthy application and environmental review process” has hindered the firewarden’s ability to execute. Similarly, a California deputy chief administrative officer said that FEMA’s assistance to victims during the raging 2018 Camp Fire was “slow and sometimes confounding.” It’s an area that is ripe for transparency, efficiency, and quickness – ideally Avalanche can help bring those things to the table. Avalanche’s native token, AVAX, has performed exceptionally well and looks to push over the $100 mark to close the year. | Source: AVAX-USD on TradingView.com Related Reading | New York Mayor Says Cryptocurrencies Should Be Taught In Schools Avalanche’s Current Activity Earlier this month, Ava Labs launched ‘Blizzard’ in collaboration with The Avalanche Foundation, that established a $200M+ crypto growth fund aimed at DeFi and NFTs. That move came just a few short months after ‘Avalanche Rush,’ a $180M DeFi incentive program. That program was not only aimed at DeFi and NFTs, but also enterprise applications, social tokens and gaming, and more. While these programs aren’t correlated with the recent Deloitte announcement, the culmination of Ava Labs’ efforts have clearly been paying dividends when it comes to expanding the Avalanche blockchain. Meanwhile, Deloitte has had it’s finger on the pulse when it comes to crypto and blockchain – so this week’s announcement shouldn’t be too surprising. This year, the firm released it’s fourth annual Global Blockchain Survey. That survey had a number of interesting bites of information to consider about crypto, most notably that over three out of four financial executives believe that physical money is coming to end. Related Reading | Bitcoin Cemented At $60K? Why BTC Could Smash All Resistance Featured image from medium.com/AvalancheAVAX, Charts from TradingView.com
“This liquidation is the largest single recovery of a cryptocurrency fraud by the United States to date,” said the Justice Department.
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 […]
Loopiring took three years to surpass its 2018 all time high. Even during the insane crypto bull run at the beginning of the year, the price of LRC did not surpass $0.9 (around the time many were reaching and exceeding theirs). Up until about a week ago its ATH was just over $2. It currently…
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So I'm not new to crypto and Blockchain technology. However I have not been paying super close attention to what's been going on. Does anyone have any clue why people are paying hundreds, and even thousands, if not hundreds of thousands of dollars for stupid little pictures (NFTs)? I understand that the pictures are "unique"…
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submitted by /u/Lonakin [link] [comments]
Some people seem to think L2s will magically reduce L1 fees too because more transactions can be processed. However, for issuing a L1 transaction, I will no longer compete with one other person for gas, but with 50 people each paying a fraction of the total gas. So while L2 transaction will be far cheaper,…
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submitted by /u/MoldyCheesey [link] [comments]
