The deal will see Securrency become a fully-owned subsidiary of DTCC and operate under the name DTCC Digital Assets. Depository Trust & Clearing Corp. (DTCC) today announced that it had agreed to buy digital asset infrastructure firm Securrency in a bid to make bigger inroads into the blockchain space. In a Thursday announcement, the U.S….
The growth of cryptocurrency adoption in Europe is a notable trend, as revealed by excerpts from Chainalysis’s forthcoming 2023 Geography of Cryptocurrency Report. Cryptocurrency Adoption in Europe: A Leading Trend The upcoming Chainalysis report highlights that European countries are at the forefront of cryptocurrency adoption, with both individual users and institutional players embracing the digital…
Despite the heightened regulatory scrutiny on the cryptocurrency industry, it appears that the U.S. government has a significant interest in crypto assets. The federal government is in a unique love-hate relationship with cryptocurrencies, as it currently holds more than 200,000 Bitcoins, valued at over $5 billion. This makes the United States arguably the largest holder…
Cryptocurrency analyst Kyren, known as NoBScrypto on Twitter (now X), conducted an analysis on the potential impact of cryptocurrencies like Ripple’s XRP and XLM on international bank transfers. Kyren, drawing from four years of experience in banking, highlighted various issues associated with traditional finance, including the slow pace and high costs of processing international transfers….
Solana, the decentralized network, has initiated a bug bounty program amid unconfirmed rumors suggesting that Sam Bankman-Fried, the prominent backer of Solana, had the capability to disable it. This development comes as Solana’s name keeps surfacing during Bankman-Fried’s ongoing criminal trial. During the trial, former Alameda Research CEO Caroline Ellison informed federal prosecutors that FTX…
On October 12, the Nigerian central bank announced the removal of foreign exchange restrictions on the importation of 43 items. The central bank indicated that these restrictions, originally imposed in 2015, might have contributed to the devaluation of the naira on the parallel foreign exchange market. Unification of Naira’s Exchange Rates The Central Bank of…
Upbit Singapore, the Singapore-based arm of South Korea’s largest cryptocurrency exchange, has obtained initial approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution (MPI) license. This approval allows Upbit Singapore to offer digital payment token services to institutional investors as it awaits full licensing. Founded in 2018, Upbit Singapore views this…
During their recent meeting, the G20 finance ministers and central bank governors have embraced the roadmap on crypto assets proposed by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). They have called for “swift and coordinated implementation” of this roadmap. The G20 finance ministers and central bank governors gathered in Marrakech, Morocco,…
As per a report from blockchain analytics company Chainalysis, Latin American cryptocurrency users exhibit a distinct preference for centralized exchanges (CEXs) over decentralized exchanges (DEXs) compared to the global trend. The report, published on October 11, reveals that Latin America boasts the world’s seventh-largest cryptocurrency economy, lagging behind regions such as the Middle East and…
The individual behind the whitepaper, Robin Linus, has designed the architecture of BitVM by drawing inspiration from Ethereum’s optimistic rollups, incorporating fraud proofs and recent advancements in Merkle tree technology. A Bitcoin developer has introduced a novel approach to introduce more expressive off-chain smart contracts to the Bitcoin network without requiring a soft fork. Unveiled…