Fidelity Digital Assets Becomes First Enterprise Client of EY’s Blockchain Tool

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Today’s Cryptocurrency Headline

EY, one of the “big four” global accounting firms, unveiled Fidelity Digital Assets as the first enterprise client to leverage its web-based, on-chain analytics tool available via EY Blockchain’s SaaS platform. The fourth generation tool known as “EY Blockchain Analyzer: Reconciler” is designed to help organisations independently source and query on-chain data to augment their internal risk management procedures, according to a statement.”As the global digital assets marketplace continues to grow rapidly, addressing operational excellence and robust internal risk management is paramount for cryptocurrency platforms to gain a competitive edge and instill trust among investors and regulators,” EY Global blockchain lead Paul Brody said.

BingX’s Bitcoin Chart

Source: TradingView & BingX

After Cointelegraph published fake news, the market experienced an extreme violent surge, but quickly plummeted afterward. It is hard to say that there was no motive to exploit the market using this news, and Cointelegraph’s subsequent self-censorship seems more like a joke. However, thanks to this news, the market has indeed become more active. BTC is currently able to stabilise at $28,000, which indicates a great expectation from market funds for BTC’s ETF. Funds are willing to bet on this ETF expectation. However, following this event of manipulating the market through news, the approval of the ETF may require more time.The support level is at $27,700 and the resistance level is at $28,600.

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