Deutsche Boerse's Clearstream to Offer Bitcoin, Ether Custody
Deutsche Boerse 's post-trade unit Clearstream said it will offer cryptocurrency settlement and custody services to institutional clients later this year, marking the latest push into the digital asset class by a major European financial institution.
Clearstream plans to offer services for Bitcoin and Ether to its 2,500 clients starting next month, the company said in a statement on Tuesday, by using its majority-owned subsidiary Crypto Finance as a sub-custodian. In time, Clearstream hopes to launch support for other cryptocurrencies, as well as services like staking, lending and brokerage capabilities.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
UPI
2 hours ago
- UPI
President Donald Trump heads to Canada for G7, says 'we have our trade deals'
June 15 (UPI) -- President Donald Trump departed the White House on Sunday en route to Western Canada for the annual G7 summit, promising to secure trade deals weeks ahead of a tariff hike deadline. Speaking to reporters ahead of his departure, Trump appeared confident he'll "have a few new trade deals" during the three-day summit in Kananaskis, Alberta, Newsweek reported. "Look, we have our trade deals," he said, according to CNN. "All we have to do is send the letters: 'This is what you are gonna have to pay.'" The annual Group of 7 brings together some of the world's largest economies, including Britain, Canada, France, Germany, Italy, Japan, the United States and the European Union. Several other countries also were invited. Trump was expected to arrive at the G7 venue in the Canadian Rockies on Sunday evening. He was scheduled to meet privately with Canadian Prime Minister Mark Carney on Monday morning. Last month, Trump agreed to delay imposing a 50% tariff on goods from dozens of European countries, allowing them more time for trade negotiations with the United States. He offered no details Sunday about which countries he expects to secure deals with during the summit. In April, the Trump administration announced plans to have trade deals with 90 countries within 90 days. So far, the United States has secured deals with China and Britain. Trade isn't the only topic expected to be on the docket at this year's G7 summit. The countries are expected express support for Ukraine in its war against Russia; address the Israel-Gaza war; and discuss immigration, security, energy, technology, the environment and job creation. Israel's airstrikes on Iranian nuclear facilities Friday and Tehran's retaliatory attacks are also likely to be addressed. This week in Washington
Yahoo
3 hours ago
- Yahoo
Michael Saylor has a harsh response to quantum computers breaking encryption
Michael Saylor has a harsh response to quantum computers breaking encryption originally appeared on TheStreet. Strategy (formerly MicroStrategy) executive chairman Michael Saylor is best known for turning his business intelligence company into the first and largest Bitcoin treasury. Despite having the most Bitcoin to lose, Saylor isn't worried about quantum attacks. In a June 6 interview on CNBC's Squawk Box, Saylor said that if quantum computers ever broke cryptographic security, they would 'destroy Google…Microsoft…the U.S. government, and the banking system' long before stealing Bitcoin. Bitcoin's ledger is more secure than traditional databases, meaning quantum computing poses a bigger risk to legacy systems first. Both cryptography and encryption are used to secure information by scrambling data so unauthorized people can't access it. Complex math is used to protect online purchases, private messages, and passwords. Bitcoin and other crypto networks use digital signatures (a type of cryptography) to protect wallets and verify transactions. Right now, it would take even the fastest supercomputers thousands of years to crack a single Bitcoin wallet. But many fear quantum computers could do it in seconds. Julian Kelly, Director of Hardware at Google Quantum AI, says a task that takes their quantum chip just 5 minutes would take a traditional supercomputer longer than the age of the universe—10²⁵ years (a 1 followed by 25 zeros). Current quantum chips are unreliable and often produce errors, making them too unstable for consistent use. Tech giants like Google, Microsoft, Amazon, Nvidia, Intel, and IBM, along with many startups and governments, are racing to fix this and achieve quantum supremacy. Quantum computing has been discussed since the 1980s, but it's only recently that real progress has accelerated. In 2024, quantum companies saw a surge in valuation. Still, reliable quantum machines may be further off than people think. At CES 2025, Nvidia CEO Jensen Huang said a major breakthrough in quantum computing is likely 15 to 30 years away, with 20 years being the most realistic estimate. Quantum hackers are a hot topic on X (formerly Twitter), especially in crypto circles. But Bitcoin isn't the most obvious target. The total crypto market is worth around $3.6 trillion, while global traditional finance (TradFi) includes hundreds of trillions in stocks, bonds, and cash accounts. If quantum hackers are chasing money, TradFi offers a much bigger payday. Crypto wallets can be lost or hacked due to human error or scams. But the decentralized design of crypto networks makes them harder to crack than centralized financial systems. If a quantum computer hacked into a bank's core servers, it could access millions of accounts at once. Hacking scattered crypto wallets worldwide would be slower, harder, and less rewarding. Simply put, attacking central servers is easier and more profitable than targeting decentralized networks. Like any system, Bitcoin can be upgraded. Some parts are updated about every two weeks, and the network can be strengthened to defend against quantum attacks. Similarly, the American Bankers Association (ABA) has long recognized the risks posed by quantum computing. They are actively collaborating with government agencies to develop solutions and recently addressed these concerns in the ABA Banking Journal. Michael Saylor has a harsh response to quantum computers breaking encryption first appeared on TheStreet on Jun 13, 2025 This story was originally reported by TheStreet on Jun 13, 2025, where it first appeared. Sign in to access your portfolio
Associated Press
4 hours ago
- Associated Press
MSTR Class Action Lawsuit Reminder: Kessler Topaz Meltzer & Check, LLP Reminds MicroStrategy Incorporated d/b/a Strategy (MSTR) Investors That a Securities Fraud Class Action Lawsuit Has Been Filed
RADNOR, PA - June 15, 2025 ( NEWMEDIAWIRE ) - The law firm of Kessler Topaz Meltzer & Check, LLP ( ) informs investors that a securities class action lawsuit has been filed against MicroStrategy Incorporated d/b/a Strategy ('Strategy') ( NASDAQ: MSTR ) on behalf of those who purchased or otherwise acquired Strategy securities between April 30, 2024, and April 4, 2025, inclusive (the 'Class Period'). The lead plaintiff deadline is July 15, 2025. CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP: If you suffered Strategy losses, you may CLICK HERE or copy and paste the following link into your browser: You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. DEFENDANTS' ALLEGED MISCONDUCT: The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding Strategy's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) the anticipated profitability of Strategy's bitcoin-focused investment strategy and treasury operations was overstated; (2) the various risks associated with bitcoin's volatility and the magnitude of losses Strategy could recognize on the value of its digital assets following its adoption of ASU 2023-08 were understated; and (3) as a result, Defendants' public statements were materially false and misleading at all relevant times. THE LEAD PLAINTIFF PROCESS: Strategy investors may, no later than July 15, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP encourages Strategy investors who have suffered significant losses to contact the firm directly to acquire more information. CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP: Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country and around the world. The firm has developed a global reputation for excellence and has recovered billions of dollars for victims of fraud and other corporate misconduct. All of our work is driven by a common goal: to protect investors, consumers, employees and others from fraud, abuse, misconduct and negligence by businesses and fiduciaries. The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit CONTACT: Kessler Topaz Meltzer & Check, LLP Jonathan Naji, Esq. (484) 270-1453 280 King of Prussia Road Radnor, PA 19087 [email protected] May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. View the original release on
