The average deal size in the crypto industry surged from $19 million last year to nearly $53 million in 2020, according to a new PwC report.
PricewaterhouseCoopers (PwC) is an international network of companies providing professional services of consulting and auditing. The company was founded in 1849 and is currently one of Big Four accounting firms. The main office is headquartered in London. PwC cryptocurrency involvement started in 2015, when PwC conducted a Consumer Cryptocurrency survey in order to find out how many Americans knew about Bitcoin. The next year, the company released a blockchain-based system named Vulcan, which was designed to handle financial operations such as personal finance, banking, asset management, etc. The year after that, PwC launched a startup aimed to support businessmen working within the blockchain and fintech industries. In 2017, the PwC Hong Kong office started accepting cryptocurrency as a payment method. Recently, the company has announced a new application of PwC for cryptocurrency accounting.
Survey results suggest “blockchains thrive when being used for multiple integrated applications.”3717
Despite facing hot-and-cold rules, growing crypto usage in sub-Saharan Africa is forcing regulators to reconsider the industry.3165
A PwC report estimates that blockchain technology will make up 1.4% of the global economy.7587
The majority of global jurisdictions have crypto asset taxation guidelines, yet additional frameworks are required to keep up.5392
Cointelegraph recently hosted a YouTube panel discussing brokers and banks involved in the crypto industry, based on a report from CV VC and PwC.9471
Although the nascent crypto hedge fund industry still has lots of developing to do, it will undoubtedly be the future of finance.20885
PwC, Swiss blockchain investment firm CV VC and Cointelegraph have released a report discussing the current blockchain ecosystem.15120
What does blockchain tech have to do with art? Find out during this upcoming panel from Cointelegraph and CV Labs.5818
Swiss blockchain investment firm CV VC, PwC and Cointelegraph released a report covering top global firms focused on implementing blockchain in art.5257
DeFi will see a number of bullish developments over the long term, the latest dGen report alleges.6587
VeChain has partnered with a Walmart China subsidiary to increase supply chain transparency for its food products.14880
Grayscale Investments has been gobbling up Bitcoin in recent months, and most of its investors are institutions — but other funds are doing it, too.16842
Cryptocurrency hedge funds’ assets under management doubled in 2019, but the launch of new funds depends on Bitcoin prices.11922
Researchers are using AI and Blockchain to manage lockdown efforts and predict how the pandemic will evolve.2823