ChainCatcher news, according to Jinshi reports, the Federal Reserve may encounter more complexities in the October employment report to be released before the upcoming meeting on November 6-7. EY senior economist Lydia Boussour stated, "Any significant wage growth slowdown and a sharp rise in the unemployment rate could lead data-dependent Federal Reserve policymakers to lean towards another 50 basis point rate cut." However, Neil Dutta, head of economic research at Renaissance Macro Research, expects two significant 50 basis point cuts in November and December due to the complexities brought about by strikes and hurricane damage.

ChainCatcher news, one of the Big Four accounting firms, EY (Ernst & Young), announced the launch of EY OpsChain Contract Manager (OCM), a blockchain-based contract management solution. This solution leverages the security and accessibility of the public Ethereum blockchain, achieving data privacy through zero-knowledge proof (ZKP) technology, enhancing contract integrity, and reducing value leakage.It is reported that one of the main advantages of EY OCM is its compatibility with existing enterprise systems through standardized APIs. EY OCM supports the execution of complex business agreements, maintains privacy, improves time efficiency, and achieves cost reduction through automated compliance with agreed terms. EY OCM can synchronize business agreement data across internal and external operations and technology silos, unifying the execution of key business terms such as standardized pricing, quantity discounts, and rebates.

ChainCatcher news, PayPal announced that the company's board of directors intends to appoint the outgoing global chairman and CEO of Ernst & Young, Carmine Di Sibio, as an independent director of the board, effective July 1, 2024.Di Sibio previously announced that he would retire from Ernst & Young in June 2024. According to Ernst & Young's policies and practices, he can only join the board of a publicly traded company after his retirement.

ChainCatcher news, Paul Brody, the global blockchain leader at Ernst & Young, stated that 2023 is preparing for bigger things, from holding wrongdoers accountable to scaling Ethereum. 2024 will mark the beginning of a new regulatory era for cryptocurrency and blockchain, with the U.S. market increasing ETFs and Europe opening regulated trading under the Markets in Crypto-Assets (MiCA) legislation.

ChainCatcher news, EY announced the launch of the beta version of EY OpsChain ESG on its blockchain SaaS platform. The new solution developed on the Ethereum blockchain will provide a single, verifiable view of carbon emissions (CO2e) to address the needs of businesses striving to accurately measure and track their carbon footprint.It will also provide the transparency demanded by consumers, business partners, and regulators through a trusted platform, enabling emissions and carbon credit tracking within an ecosystem through tokenization. (Source link)

ChainCatcher news, according to CoinDesk, the bankrupt Canadian cryptocurrency exchange QuadrigaCX will begin interim distributions for some users, with Ernst & Young as the trustee of the company's assets. In the coming week, Ernst & Young will release the procedure for QuadrigaCX users to submit distribution claims. According to the bankruptcy process, some users' claims may be modified, but they can appeal the modifications. (Source link)

ChainCatcher news, according to CoinDesk, the bankruptcy trustee of QuadrigaCX, Ernst & Young, issued a statement on Tuesday stating that it has become aware that BTC in QuadrigaCX's cold wallet has been transferred to other addresses. Over the weekend, more than 100 BTC associated with QuadrigaCX were transferred out of the cold wallet, totaling approximately $1.7 million, with many of the funds flowing into different wallets. Ernst & Young confirmed that it did not initiate these transactions.The statement said that Ernst & Young, in its capacity as the court-appointed monitor and bankruptcy trustee, is working with management and others to recover the Bitcoin transferred to these wallets, but has still been unable to locate the private keys associated with the cold wallet.Previously, in February 2019, Ernst & Young first announced that it had "inadvertently" sent BTC to its inaccessible Quadriga cold wallet, losing control of those BTC, which have since remained frozen. Last Friday, BTC from all five addresses flowed out between 6:52 PM and 7:14 PM Eastern Time. (CoinDesk)

According to ChainCatcher news, on-chain analyst ZachXBT disclosed on social media that the defunct Canadian cryptocurrency exchange QuadrigaCX's Bitcoin wallet suddenly transferred about 104 BTC after being dormant for three years. This currently involves 5 addresses, of which 69 BTC (approximately 1.1 million USD) have been sent to the mixer Wasabi.Historical data shows that the aforementioned addresses have had no transactions since February 2019. The QuadrigaCX bankruptcy committee also stated that the trustee, Ernst & Young, has not moved any funds, and it remains unclear who executed the related transactions.It is reported that QuadrigaCX founder Gerald Cotten mysteriously died while on his honeymoon with his wife in December 2018. As he was the only person with access to the cryptocurrency private keys of the exchange, this led to the freezing of approximately 250 million USD in assets for 115,000 users at that time.

ChainCatcher news, according to PR Newswire, one of the Big Four accounting firms, Ernst & Young, announced the opening of the APAC Tech Lab in Shenzhen, aimed at leveraging the power of emerging technologies such as blockchain, 5G, and Web3 to enhance the innovation potential of businesses and clients, meeting the unique demands of the growing Asia-Pacific market.It is reported that the lab will be fully operational with more than 30 data scientists and blockchain encryption experts, and has already launched a Web3-based healthcare data analysis model, supported by decentralized identity (DID) standards, to assist pharmaceutical companies in collaboratively operating compliant medical data analysis. (Source link)