Prime Trust

Policy

La richiesta è stata respinta perché un giudice statunitense ha definito la domanda una tattica di "malafede".

By Sam ReynoldsOct 14, 2024

Prime Trust CEO Jor Law said in a recent court filing that the crypto custodian lost a total of $8 million in a doomed investment in the terraUSD algorithmic stablecoin. "The Hash" panel discusses the latest developments in Prime Trust's bankruptcy proceedings.

Aug 28, 2023

Crypto-friendly Custodia Bank announced a week ago that it launched to business customers in a number of states. Custodia Bank founder and CEO Caitlin Long joins "First Mover" to discuss the details of the launch and her reaction to major news in the crypto industry from the plunge in bitcoin to Prime Trust filing for bankruptcy protection. Plus, insights into the legal battle between Custodia Bank and the Federal Reserve.

Aug 18, 2023

According to a new report from Bloomberg, BitGo has raised $100 million at a valuation of $1.75 billion. This comes nearly two months after the crypto custodian canceled its plans to acquire rival Prime Trust. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn discuss BitGo's new funding after Prime Trust filed for bankruptcy. Plus, their outlook on some of the billion-dollar valuations within the crypto industry.

Aug 16, 2023

“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest stories in crypto, as Jacobi Asset Management lists Europe's first spot bitcoin exchange-traded fund (ETF). Crypto custodian Prime Trust filed for Chapter 11 bankruptcy protection. And, federal prosecutors are claiming that FTX founder Sam Bankman-Fried used more than $100 million of customer funds for political donations. 

Aug 15, 2023

Beleaguered crypto custodian Prime Trust has filed for Chapter 11 bankruptcy protection on Monday, as the chill of crypto winter drags on. This comes after CoinDesk recently reported that the company looked poised to enact potentially massive layoffs. "First Mover" hosts Jennifer Sanasie and Lawrence Lewitinn weigh in on the latest developments.

Aug 15, 2023

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.

Jun 28, 2023

"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.

Jun 26, 2023

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.

Jun 26, 2023

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."

Jun 26, 2023