From today forward I will be posting a daily DCA update sharing my $ZEC Accumulation Journey. The goal is to fill it with $100K worth of ZCASH.
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$ZEC🛡️ Reserve Treasury Address.
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This is bullish.
The DTCC (Depository Trust & Clearing Corporation) is the plumbing behind the US stock market. When you buy a share, your broker and the seller's broker don't swap anything directly. The DTCC handles that in the background.
It has three main jobs:
Clearing. It matches up trades and nets them out, so firms only move the difference instead of every single trade.
Settlement. It makes sure the cash and the shares actually change hands. In the US that happens one business day after the trade (T+1).
Custody. Through its subsidiary DTC, it holds almost all US stocks and bonds electronically. It's why you own shares in "street name" rather than holding paper certificates.
It processes quadrillions of dollars in securities transactions a year, so it's a central point that the entire market depends on.
🚨 The US Justice Department has seized more than $1.2 BILLION in crypto stolen from Binance by North Korean hackers.
On Oct 29, a North Korean military hacking group the FBI calls "TraderTraitor" stole over $6 BILLION from Binance in minutes. It's the biggest crypto heist in history.
So far, US authorities and crypto companies have frozen more than $2.7B of the stolen funds, and the DOJ has court approval to seize $1.2B of that.