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Prime Trust
Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says
Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday.
Bitcoin Trades at a Discount on Binance.US: Kaiko; BitGo Cancels Acquisition of Prime Trust
"CoinDesk Daily" host Jennifer Sanasie gives an update on some of the stories making headlines in the world of crypto. Bitcoin is currently trading at a discount on crypto exchange Binance.US, according to data from Kaiko. Cryptocurrency custodian BitGo terminated its acquisition of rival Prime Trust. And, Mastercard has expanded its Engage program, which links potential card issuers with partners that can provide appropriate technical expertise, to help bring cryptocurrency card programs to market.
Crypto Custody Firm BitGo Withdraws Acquisition of Rival Prime Trust
Cryptocurrency custodian BitGo terminated its acquisition of rival Prime Trust after earlier this month reaching a preliminary agreement to acquire the firm for an undisclosed amount amid speculation it was facing bankruptcy. "The Hash" panel weighs in on Prime Trust's rocky journey in recent months.
TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
Traders are still making multi-million dollar bets on a depeg, however.
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
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.
Crypto Payment Processor Banq Files for Bankruptcy
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner.
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
The financial terms of the deal were not disclosed by the source.
Bitcoin's Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin
Bitcoin’s quickly maturing ordinals scene has come a long way since January.
Crypto Services Company Prime Trust Lays Off One-Third of Staff
The cost-cutting measure comes after a rocky start to 2023 for the Las Vegas-based company.