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The Depository Trust & Clearing Corporation (DTCC) wants the financial sector to form a consortium alongside regulators to reduce risks associated with blockchain. In a white paper published Wednesday, the New York-based post-trade financial services firm said participants in the financial sector should work to establish a set of "agreed-upon
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The Depository Trust & Clearing Corporation (DTCC), a global financial market infrastructure giant, says traditional IT security frameworks must be updated to tackle the blockchain.An official press release on Feb. 12 took note of the expected rise in adoption of distributed ledger technology like blockchains in financial services globally. The
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Security token offerings (STO) were supposed to be the next big blockchain-based investment vehicle following the bursting of the initial coin offering (ICO) bubble of 2017. But there have been a number of reasons why this form of equity funding has not lived up to the hype of being a
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Despite centralized cryptocurrency exchanges suffering nearly $300 million worth of hacks during 2019, many digital currency traders continue to hold significant sums of capital on centralized exchange platforms.While many noncustodial crypto services have launched in recent years, few platforms have been able to garner significant liquidity. CryptoX reached out
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U.S.-regulated security token platform TokenSoft is now providing self-managed accounts for investors.The new service, announced on Thursday, is aimed to provide users of the platform a less technical and more secure way to hold and control their security token investments. Effectively a digital wallet, the product offers automated dividend distributions,
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LAS VEGAS — A Taiwanese security company called AuthenTrend is trying something new in the ultraslim wallet world. Its first product? A cold wallet the size of two credit cards back to back that features an e-ink screen and fingerprint-based security.The thin plastic wallet uses biometrics to temporarily unlock the
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An organization that combats corporate fraud will issue guidance for firms using blockchain technology.The Committee of Sponsoring Organizations of the Treadway Commission (COSO), commonly referred to as the Treadway Commission, will issue guidance to strengthen controls over uses of blockchain in supply chain management and financial services.The Wall Street Journal
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Crypto investors have come to rely on crypto exchanges because they provide liquidity, a wide range of trading pairs and convenience. Given the great benefits offered by crypto exchanges, direct peer-to-peer transactions are still less popular, especially among traders. Over the years, crypto exchanges not only converted cryptos but also
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Thailand, one of the most-visited countries in the world, will soon apply blockchain to its Electronic Visa On Arrival (eVOA).Thailand’s new blockchain-powered eVOA system intends to speed up and protect the digital visa application process and will soon be available for five million visitors from 20 countries.eVOA operator partners
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Security token platform TokenSoft has hired Alex C. Levine, formerly of several key United States financial regulators, to handle compliance for all security offerings.In a Dec. 17 press release, the San Francisco-based token issuance platform announced the hiring of Levine as its new chief legal officer of TokenSoft and
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