The Depository Trust and Clearing Corporation (DTCC) has successfully acquired Securrency, a blockchain-based financial and regulatory technology developer, in a $50 million deal. This move is set to bolster the institutional use of on-chain assets and establish a digital infrastructure for institutional decentralized finance (DeFi). The acquisition will empower DTCC to provide an institutional post-trade platform that supports a variety of digital asset products, including existing securities wrapped in on-chain assets. The newly rebranded DTCC Digital Assets, under the leadership of Nadine Chakar, will continue Securrency’s tokenization efforts, which have previously assisted asset manager WisdomTree in launching blockchain-enabled funds.
In other news, Rumble, a free speech video hosting platform, experienced an “unprecedented” cyber attack following the posting of new security camera footage from January 6. The GOP-controlled Committee on House Administration’s Subcommittee on Oversight had recently created a new Rumble channel to post hours of security footage from Capitol Police taken on that day. The attack, which left users unable to upload or watch content, was confirmed by Rumble CEO Chris Pavlovski, who suggested it was politically motivated and related to the January 6 videos. The platform has since restored its services.
Meanwhile, a discussion on the Gell-Mann Amnesia Effect has shed light on the phenomenon of people forgetting the inaccuracies and incompetence of the media in subjects they are not familiar with. The article suggests that this amnesia effect has been weaponized by those in power to manipulate public opinion. It emphasizes the importance of skepticism towards media, remembering their track record of inaccuracies, and considering reducing media consumption.
Lastly, concerns have been raised about the commercialization and political correctness that have allegedly stripped Christmas of its magic and meaning. The author argues that the separation of church and state should not be used as an excuse to eliminate all references to Christmas, and that people should be free to celebrate and express their beliefs. The author calls for a return to critical thinking and the exchange of ideas, and urges readers to choose kindness, peace, and freedom over censorship and intolerance.
Sources
The Battle to Save Christmas: Political Correctness Threatens Holiday Traditions
In this way, emboldened by phrases such as ‘hate crimes,’ ‘bullying,’ ‘extremism’ and ‘microaggressions,’ free speech has been confined to carefully constructed ‘free speech zones,’ criminalized when it skates too close to challenging the status quo, shamed when it butts up against politically correct ideals, and muzzled when it appears dangerous.
Source | Submitted by nils-grimley
The Gell-Mann Amnesia Effect: Why We Believe Media Despite Inaccuracies
But wherever the insight originated, we all know it from experience to be true. And, if we’re being honest, we are all guilty of this amnesia from time to time. Yes, even me.
Source | Submitted by nils-grimley
Rumble Targeted by "Unprecedented" Cyber Attack Following Release of J6 Security Cam Footage
“I can confirm that this attack has been unprecedented and has been happening since this weekend,” Rumble CEO Chris Pavlovski posted on X.
Source | Submitted by congero1
DTCC Acquires Securrency in Bid to Accelerate Institutional DeFi Use
DTCC CEO Frank La Salla said in a Monday statement that the firm seeks to build ‘a robust digital infrastructure that protects the safety and soundness of financial markets and delivers on the enormous promise and potential of institutional DeFi in the coming years.’
Source | Submitted by nickythec
