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Nalezeno "Trusts": 115

Coinbase launches feeless membership for TRUST’s travel rule service, enhancing user privacy

22.3.2024
Coinbase has introduced the option of a feeless membership facility for the travel rule universal solution technology (TRUST), a travel rule service. It is industry-propelled and considers client safety and privacy its topmost priority. TRUST is a prime travel rule service targeting virtual asset...

Valkyrie Partners With Bitgo for Custodial Services and ‘Safekeeping of the Trust’s Bitcoin Holdings’

2.2.2024
On Feb. 1, 2024, Valkyrie Digital Assets, a cryptocurrency asset manager, revealed in a Form 8-K submission to the U.S. Securities and Exchange Commission (SEC) that it has selected Bitgo to provide custodial services for its spot bitcoin exchange-traded fund (ETF). Bitgo to Safekeep the Bitcoin...

Google Says It Has Updated Policy Relating Crypto Coin Trusts Adverts

11.12.2023
Starting on Jan. 29, advertisers of cryptocurrency coin trusts targeting the U.S. market will have to meet certain requirements before promoting these on Google. According to the internet giant, violation of this new policy will not result in the immediate suspension of advertisers’ respective...

Google Ad Change Policy Specifically Targets Cryptocurrency Coin Trusts – Here’s the Latest

11.12.2023
Source: Pixabay Silicon Valley tech giant Google is updating its crypto ad policy to improve its advertising standards, effective January 29, 2024. The revision, specifically, targets Cryptocurrency Coin Trusts – a financial product allowing investors to trade in trusts holding large cryptocurrency...

Court Approves FTX Estate’s Sale of $870M in Grayscale and Bitwise Shares Amid Surging Claim Transfers

30.11.2023
The Delaware District’s U.S. Bankruptcy Court has greenlit the FTX estate’s disposal of trust assets. This sanction, issued on November 29, 2023, paves the way for the beleaguered crypto exchange to offload investments in several funds, including Grayscale and Bitwise stakes....

FTX Granted Court Approval to Liquidate $744 Million Grayscale Trust Assets

30.11.2023
Bankrupt cryptocurrency exchange FTX just has received approval from a bankruptcy court to sell its stakes in digital trusts managed by Grayscale Investments, according to a bankruptcy court document filed on Friday. This move is part of FTX’s strategic efforts to repay billions owed...

Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...

Singapore to require crypto firms to put user assets into trusts by year-end

3.7.2023
MAS is also working to restrict crypto service providers from facilitating lending or staking for retail customers, but not for institutional ones

Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

29.6.2023
The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls

Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

29.6.2023
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators...

BlackRock vs Grayscale: Experts Highlight Key Distinctions Between Bitcoin Trusts

17.6.2023
BlackRock has recently filed an application for a spot Bitcoin ETF with the Securities and Exchange Commission. While some might think that the investment giant is applying for an ETF or a trust with properties similar to the Grayscale Bitcoin Trust (GBTC), there are certain distinctions between...

BlackRock’s Bitcoin ETF Would Be a Big Deal

16.6.2023
And it doesn’t really matter if it’s technically a trust

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...

32% of home offices invest in digital assets: Goldman Sachs

9.5.2023
While the interest in crypto investments was on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market

Alameda Research Sues Grayscale Investments Seeking to Unlock Billions in Value for Shareholders

7.3.2023
FTX Debtors and affiliate Alameda Research Ltd. have filed a lawsuit against Grayscale Investments, seeking injunctive relief to unlock $9 billion in value for shareholders of the Grayscale Bitcoin and Ethereum Trusts. The debtors allege that “Grayscale has extracted over $1.3 billion...