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.
This is a companion discussion topic for the original entry at https://peakprosperity.com/daily-digest/the-dtcc-secures-institutional-defi-with-securrency-acquisition-rumbles-big-attack-gell-mann-amnesia-effect-the-commercialization-of-christmas/