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Prime Trust
Ang PRIME Trust ay Nagkakaroon ng Masamang Buwan
Inutusan ang Crypto custodian na ihinto ang mga operasyon habang LOOKS ito ng regulator nito.

Tila Napakahirap I-custody ang Crypto
Ang PRIME Trust, ang pinaghihinalaang insolvent Crypto custodian na may utang sa mga customer na pataas ng $156 milyon, ay hindi nakakatulong sa makulimlim na pangunahing reputasyon ng industriya ng Crypto .

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
Nevada's Financial Institutions Division announced on Tuesday that the regulator has filed to take over crypto custodian Prime Trust and freeze all of its businesses, just days after a Nevada cease-and-desist order that alleged Prime Trust was near insolvency. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De discusses the firm's financial condition and possible receivers.

Ang TrueUSD Stablecoin ay May $26k ng mga Pondo sa 'US Depository Halting Withdrawals,' Sabi ng Reserve Report
Ang stablecoin issuer ay nagsabi noong nakaraang linggo na ito ay "walang exposure" sa nabigong Crypto custodian PRIME Trust.

Nevada Files na Maglagay ng Crypto Custodian PRIME Trust sa Receivership
Nauna nang ipinahiwatig ng Financial Institutions Division ng Nevada na ang PRIME Trust ay may malaking depisit sa mga aklat nito.

Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
"CoinDesk Daily" host Jennifer Sanasie takes a look at today's hottest headlines in the crypto industry. Digital asset investment products witnessed the largest single weekly inflows in a year - mostly dominated by bitcoin-related products, according to a report from CoinShares. Meanwhile, Hut 8 Mining (HUT) has secured up to $50 million in loans from Coinbase Credit to fund its operations, which includes closing a merger with US Bitcoin Corp. Plus, days after abandoning its proposed purchase of Prime Trust, BitGo CEO Mike Belshe said the cryptocurrency custodian has more acquisitions in the pipeline. And, the NEAR Foundation is joining Alibaba Cloud to accelerate Web3 growth in Asia and the Middle East.

BitGo CEO on Terminating Prime Trust Acquisition
BitGo CEO Mike Belshe joins "First Mover" to address why the custodian terminated its acquisition of rival Prime Trust after reaching a preliminary agreement to acquire the firm for an undisclosed amount. Plus, insights into BitGo's Go Network and Belshe's outlook on crypto regulation.

BitGo CEO Mike Belshe Reveals Plans for Future Acquisitions Amid Market Consolidation
BitGo CEO Mike Belshe told First Mover "we've got some pending" acquisitions and foresees "consolidation in the space over the next six months" after abandoning its takeover of rival Prime Trust. Belshe also envisions "the opportunity to bring in some adjacent businesses that really help bolster and strengthen us as a full-service custodian."

Nakikita pa rin ng BitGo ang Consolidation sa Crypto Custody Pagkatapos Nilayuan ang PRIME Trust: CEO
Sinabi ng CEO na si Mike Belshe na ang kumpanya ay may iba pang mga acquisition na nakabinbin.

Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds'
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. The regulator ordered Prime Trust to cease all activities which violate Nevada regulations. CoinDesk Managing Editor of Global Policy and Regulation Nikhilesh De weighs in on the state of the embattled company.
