Search
TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
22.6.2023
Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition...
BitGo terminates acquisition of Prime Trust
22.6.2023
The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
22.6.2023
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk
FTC: Amazon přihlásil miliony lidí do služby Prime bez jejich souhlasu
21.6.2023
Americká Federální obchodní komise (FTC) zažalovala společnost Amazon kvůli dlouholetému přihlašování uživatelů do placené služby Prime bez jejich souhlasu. Podle komise navíc Amazon vědomě komplikoval zrušení předplatného
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
20.6.2023
Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of tokens to its existing supply. As of the present moment...
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
15.6.2023
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million...
Crypto Prime Broker FPG Loses Up to $20M in Cyber Attack
14.6.2023
FPG told customers via email that it had ceased trading, deposits and withdrawals after experiencing a cyber security incident on Sunday, June 11
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
14.6.2023
Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress Group
VC Company A16z Expands to London to Take Advantage of Friendly Web3 Regulation
14.6.2023
A16z, a tech-focused venture capital company, has announced that it will open its first office in London to take advantage of the friendly regulatory environment in the U.K. Prime Minister Rishi Sunak stated he was thrilled about this expansion and that the U.K. would continue to embrace...
Prime Trust Unit Banq Files for Bankruptcy
14.6.2023
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner
TrueUSD Loses Dollar Peg Following Minting Suspension with Prime Trust
11.6.2023
TrueUSD, a major fiat-collateralized stablecoin, has lost its peg following the announcement that it has suspended minting activities through its technology partner Prime Trust.
In early Saturday hours, TUSD started distancing away from its intended $1 peg, dropping to as low as $0.993090 before...
TrueUSD stops minting via Prime Trust, loses dollar peg
10.6.2023
The recent depeg comes as TrueUSD team announced a pause on TUSD minting through Prime Trust until further notice
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
9.6.2023
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers
BitGo Announces Landmark Deal to Acquire Crypto Custodian Prime Trust
9.6.2023
BitGo Holdings Inc., the renowned digital asset trust and security company, has revealed plans to acquire 100% of the equity of Prime Core Technologies, Inc., the parent company of Prime Trust.
The development marks a watershed moment for the Prime Trust clients, positioning them to enjoy business...
Crypto custodian BitGo signals intent to acquire Prime Trust
9.6.2023
Should the deal go through, Prime Trust’s infrastructure will “map over 1:1” with BitGo’s services, and add another trust company and crypto IRA fund
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Source
8.6.2023
Cryptocurrency custody firm BitGo is seeking to buy Prime Trust, another crypto custody specialist regulated in the state of Nevada, according to a person familiar with the matter
Centrifuge successfully delivers Centrifuge Prime
7.6.2023
Centrifuge, which is basically a DeFi protocol meant for carrying out investments in real-time assets, successfully delivers its Centrifuge Prime, which helps DAOs to oversee a bunch of RWAs in beta. Centrifuge Prime, on its part, will be playing the role of strengthening DAOs in scouring ways...
Duel Petra Fialy a Andreje Babiše na Primě měl rekordní podíl na sledovanosti
5.6.2023
Nedělní Partie Terezie Tománkové na TV Prima a zpravodajské stanici CNN Prima News dosáhla rekordního podílu na sledovanosti 38 %. V průměru 564 tisíc diváků sledovalo duel premiéra Petra Fialy (ODS) a Andreje Babiše, předsedy ANO