News with the tag "Prime Trust"

Coinbase filed an amicus brief in the bankruptcy case of crypto custodian, Prime Trust. According to the exchange’s chief legal officer, Paul Grewal, he said the filing is a bid to protect customer assets being held by the custodian during its financial restructuring. Coinbase chief legal officer Pa...

The filing was dismissed because a U.S. judge who called the application a "bad faith" tactic.

Now-bankrupt crypto custodian Prime Trust has notified employees of potential layoffs affecting 62 individuals within the next two months, according to Nevada's Department of Employment, Training & Rehabilitation. This news comes shortly after the company made significant workforce reductions, CoinD...

The company filed for bankruptcy in August.

Cryptocurrency custodian Prime Trust has filed for Chapter 11 bankruptcy protection in Delaware joining the like of FTX The post Prime Trust Files For Chapter 11 Bankruptcy Protection appeared first on Latest News and Insights on Blockchain, Cryptocurrency, and Investing .

The collapse of crypto custodian Prime Trust in recent months has underscored the inherent risks of self-custody within the cryptocurrency industry, according to Diogo Monica, CEO of San Francisco-based crypto bank Anchorage Digital. Speaking in an interview with crypto news outlet Decrypt, Monica e...

Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple Acquire...

The captivating potential of the cryptocurrency sector lies in its vision of decentralized financial empowerment, liberating transactions from traditional banking norms. Yet, in the maturation process of this industry, the necessity for secure and dependable links connecting the crypto realm with th...

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Fu...

After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline of Pri...