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Last week, Prime Trust said it would be suspending business operations in Texas by Jan. 31 after withdrawing its applications to receive a money transmitter license (MTL) in the state. The company declined to comment at the time on why the application was withdrawn, but public records show Prime Trust
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The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly." Source
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A newly elected pro-Bitcoin Prime Minister has taken office in the Pacific Islands of Fiji. The new leader, Sitiveni Rabuka, took the Fijian office on Dec. 24. Lord Fusitu’a, a Tongan noble and a former member of the Tongan parliament, took to Twitter to share the news from his neighboring nation.
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Steve Newcomb is a Silicon Valley veteran with a long list of achievements. He built software for trading energy in the 90s, was a pioneer in adding email to phones, and helped create the back end of the
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SOC 1 examines internal controls over financial reporting, while SOC 2 looks at controls based on AICPA's trust principles, which include security, availability, processing integrity, confidentiality, and privacy. Type 2 reports evaluate operational efficacy. Source
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Disgraced FTX co-founder Sam Bankman-Fried (SBF) has been arrested in The Bahamas, according to local reports citing the country’s attorney general Ryan Pinder. According to Pinder, SBF’s arrest “followed receipt of formal notification from the United States that it has filed criminal charges against SBF and is likely to request
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Cryptocurrency exchange CrossTower Inc has agreed to buy digital asset trading platform BEQUANT, which comes after months of window shopping by CrossTower for crypto companies, including a recently revised offer for Voyager Digital's assets.The Nov. 28 acquisition agreement will provide CrossTower with over 600 new professional exchange clients in addition
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The abrupt firing marks the latest shakeup in crypto this month after FTX and Alameda Research’s market-shattering collapse. It was not immediately clear whether Prime Trust, which supports crypto custody and transaction processing, had any exposure to FTX or other recently bankrupt crypto companies, such as BlockFi. Source
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A former investment banker turned savvy politician, Rishi Sunak has had an incredibly prolific career in just a short period of time. At only 42, he has served as a member of the United Kingdom’s Parliament, chief secretary to the treasury and chancellor of the exchequer — and now, he’s
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Pham Minh Chinh, the prime minister of Vietnam, has reportedly said the country’s government should study crypto regulation in part based on residents continuing to trade digital assets despite their lack of legal recognition.According to an Oct. 24 report from online news outlet VnExpress, Chinh hinted a bill on anti-money
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