Prime Trust Is Having a Bad Month
Prime Trust may be taken over by the state of Nevada, and the situation seems alarming. Source
Read MorePrime Trust may be taken over by the state of Nevada, and the situation seems alarming. Source
Read MoreCompared with Grayscale’s ETHE trust, GBTC’s volume significantly outperformed in trading volume. Since September, GBTC's trading volume rose from $35.6 million to $45 million in June 2023, capturing 74% of the total trading volume for trust products, compared to 50.9% in September. ETHE's volumes declined from $31 million in September
Read MoreFollowing the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by petitioning for the appointment of a receiver.In a June 26 filing, the regulator petitioned the Eighth Judicial District Court of Nevada for a temporary restraining order and an
Read MorePrime Trust entered an agreement with Fireblocks to have the latter company manage its crypto assets, which was completed in 2020. In 2021, after Prime Trust saw new management, it set up "legacy wallet forwarding," for wallets that were either on Fireblocks' platform or set up to forward to wallets
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Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied There have been positive price movements for Trust Wallet Token, Tradecurve, and SHIB, which is noteworthy considering the current bear market. Further details on these updates can be found below. >>Buy TCRV tokens now<< Trust Wallet is rallying In recent
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The Nevada Department of Business and Industry’s Financial Institutions Division (FID) has taken official action by issuing a cease-and-desist order. This action was prompted by their identification of a substantial deficit in customer funds and a
Read MoreA company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commission (SEC) for listing shares of a leveraged Bitcoin futures ETF.Volatility Shares Trust filed Form 8-A with the SEC on June 23, suggesting that the firm was preparing to launch an
Read MoreThe TUSD stablecoins issuer confirmed to the users that it had no exposure to Prime Trust and that all funds are safe. After the acquisition failure of Prime Trust, a fintech and digital assets infrastructure provider, by BitGo earlier this month, the troubles facing the Nevada-based firm resulted in the closure
Read MoreShare Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust. BitGo announced the termination of the purchase of Prime Trust via Twitter on June 22. Although
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