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Deal Cancelled: BitGo Pulls Out of Prime Trust Acquisition and Users Report Withdrawal Issues
23.6.2023
BitGo, the American crypto custodian platform, has made the decision to cancel the acquisition of Prime Trust.
Following this announcement, Prime Trust has taken measures to suspend withdrawals.
The cancellation of the deal comes just two weeks after BitGo signed a non-binding letter of intent...
Securing Web3 With Zero Trust: Empowering Data, Smart Contracts, and AI on the Blockchain With Mind Network
23.6.2023
In the rapidly evolving world of Web3, where data security and privacy are paramount, innovative solutions are needed to protect sensitive information and establish trust within the decentralized ecosystem. This sponsored article delves into the concept of Zero Trust and explores how it serves...
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
23.6.2023
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to “temporarily pause” certain services and operations....
Prime Trust's financials 'considerably deteriorated,' says Nevada regulator
23.6.2023
Nevada's business regulator issued a cease and desist order to the crypto custodian alleging it has a "shortfall of customer funds."
Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says
22.6.2023
Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday
TrueUSD assures users it has no exposure to troubled Prime Trust
22.6.2023
Stablecoin issuer TrueUSD maintains that it is not affected by the current challenges facing Prime Trust
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
Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’
22.6.2023
Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double standards when permitting established financial...
GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Filing Optimism
20.6.2023
Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said
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...
Proof of Talk 2023: Restoring Trust in the Web3 Industry
20.6.2023
PRESS RELEASE. Paris, June 19th 2023 – Over 1,500+ attendees, VCs, founders, start-ups, industry leaders, students, developers coming from Asia, Europe and the US gathered in Paris for the Proof of Talk Summit. In a rapidly evolving and challenging crypto landscape, they discussed the pressing...
Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up
18.6.2023
Institutional buying interest in GBTC accompanies hopes that BlackRock will secure the first U.S. Bitcoin spot ETF
Blackrock Files for Bitcoin Trust — Analyst Calls It a ‘Real Deal’ Spot Bitcoin ETF Filing
17.6.2023
Blackrock, the world’s largest asset manager, has filed to register a bitcoin trust that some believe is actually a spot bitcoin exchange-traded fund (ETF) in disguise. Blackrock is seeking to launch a bitcoin product despite the U.S. Securities and Exchange Commission’s (SEC) efforts...
BlackRock’s Spot Bitcoin ETF Not The Same As Grayscale’s Product, Experts Say
16.6.2023
Exchange Traded Fund (ETF) terminology can sometimes be tricky, and fund management giant BlackRock’s application for a spot Bitcoin ETF has raised some questions
GBTC Discount Narrows After BlackRock’s Filing for Spot Bitcoin ETF
16.6.2023
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund
BlackRock's Bitcoin ETF ‘is the best thing to happen' to BTC, or is it?
16.6.2023
Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover
Best Crypto to Buy Now 15 June – Trust Wallet, Uniswap, Casper
15.6.2023
A slight deviation in Tether's (USDT) stablecoin earlier today has caught the attention of cryptocurrency traders.
The move occurred within Curve's 3Pool decentralized finance ecosystem, which holds significant liquidity and three primary stablecoins: USDT, USDC, and DAI.
In light of this...