“These capabilities will allow DTCC to partner with the industry to build a resilient and scalable infrastructure critical to the mass adoption of digital assets,” Chakar added. “Together, we will unlock opportunities to reimagine compliance, liquidity, efficiency and interoperability in trading real-world assets on the blockchain.โ Source
Through the acquisition by DTCC, Securrency will henceforth become DTCC Digital Assets with top executives also joining the new force under different roles. DTCC, a New Jersey-based post-trade market infrastructure for the global financial services industry that helped process securities transactions worth over $2.5 quadrillion in 2022, has announced a strategic acquisition of Securrency, an institutional-grade blockchain firm, for an undisclosed amount. According to the announcement, the acquisition of Securrency by DTCC is expected to close within the coming few weeks. Following the acquisition, Nadine Chakar, the Chief Executive Officer…
Tesla continues to hold on to its BTC holding having last sold about 75% of it in the second quarter of 2022. It has now been five consecutive quarters that electric vehicle maker Tesla Inc (NASDAQ: TSLA) has left its sizable Bitcoin (BTC) holdings untouched. That is despite recently spending greatly towards improving its artificial intelligence (AI) ambitions and projects. According to Teslaโs Q3 2023 report that was released on Wednesday, the company still has $184 million worth of digital assets in its possession. That is as of September 30.…
Electric vehicle maker Teslaย made no changes to its sizeable Bitcoin (BTC) holdings โ the fifth quarter in a row โ though it has directed more funds to double its computing capacity amid artificial intelligence efforts. Teslaโs Q3 2023 results released on Oct. 18 show as of Sept. 30, it held $184 million worth of digital assets โ a portion of the $1.5 billion worth of Bitcoin it first bought in March 2021. The latest quarterly results mean it hasnโt bought or sold any Bitcoin since its sell-off of around…
The service will offer a network of “bitcoin-competent” financial planners to help HNWIs build distribution and utilization strategies and address potential tax and inheritance issues, Unchained said. Original
โRIAs should absolutely be calling up BitGo, getting HeightZero, getting qualified custody and doing it now, before the ETF,โ Belshe said in an interview. โBecause when the ETF hits, thereโs going to be massive demand for bitcoin. Now, you can wait for the ETF, and then you can invest in that. But youโre going to miss out on a big growth.โ Source
As the XRP price and its future trajectory continue to be a hot topic for debate, crypto research firm Sistine Research has weighed in on this debate using technical analysis. XRP holders are set to love this one, as their prediction is bullish.ย Where Is XRP Price Headed? In a post shared on the X (formerly Twitter) platform, Sistine Research stated that, despite the current market outlook, XRP is one of the tokens with a bullish chart in the crypto market as of now.ย Their bullish sentiment was projected in…
Tether, the issuer of the worldโs largest stablecoin by market capitalization, is replacing its CEO as the company works to expand its areas of focus. Paolo Ardoino, who has been serving as Tetherโs chief technology officer since 2017, will become the new CEO of the firm in December 2023, Tether announced on Oct. 13. Ardoino will replace Jean-Louis van der Velde, who will transition to an advisory role for Tether while retaining his position as CEO of Tetherโs sister company Bitfinex. Ardoino will continue in his roles as CTO for…
Recent transactions by Arca, a prominent investment firm, involving Arbitrum native token ARB, have again put them under the spotlight. According to on-chain tracking platform Lookonchain, the firm has suffered a substantial loss nearing half a million recently. Arcaโs Arbitrum Shipment to Binance Lookonchain reported earlier today that Arca transferred roughly 1.49 million ARB tokens to Binance. With a value of around $1.21 million, this transaction indicates a possible liquidation of Arcaโs holdings in Arbitrum (ARB). If this were the case, according to Lookonchain, it would translate into a significant…
Top stablecoin USDT is witnessing a surge in on-chain activity, according to the crypto analytics firm Santiment. Santiment notes that USDT, which is issued by Tether and aims to maintain to maintain a 1:1 peg with the US dollar, recently notched a three-month high in active addresses, in large part due to an increase in exchange deposits. Earlier this week, Santiment noted that the amount of USDT on exchanges had reached a level last seen in March 2023, giving a boost to the โbuying powerโ of crypto investors. USDT had…