Tag: Trust
Ripple says security incident accelerated its acquisition of Fortress Trust
The takeover of Fortress Trust by financial technology company Ripple on Sept. 8 involved more than just an acquisition deal. The transaction was acce [...]
Building Trust in the Bitcoin Network in El Salvador
Alex explained how there are now four pillars to Bitcoin education in El Salvador, with Mi Primer Bitcoin serving as the most basic. He recently left [...]
CNA Insurance excludes NFTs from coverage of $20M trust policy
CNA Financial, the seventh-largest commercial insurer in the United States, has excluded nonfungible tokens (NFTs) coverage from Schwab Strategic Trus [...]
Ripple acquires Fortress Trust, expands license portfolio in the US
Financial technology firm Ripple is expanding its portfolio of regulatory licenses in the United States with the acquisition of Fortress Trust, accord [...]
Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust
A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May.
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Jack Dorsey’s ₿trust acquires African Bitcoin organization Qala
₿trust, a non-profit organization funded by Twitter (now X) co-founder and Bitcoin (BTC) advocate Jack Dorsey, is scaling up its programs in Africa wi [...]
Breaking victim ‘trust’ in scammer is key to beat crypto scams, exchanges say
Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures for scams. According to l [...]
Grayscale Bitcoin Trust (GBTC) Trading Frenzy Follows Firm’s Court Win Against SEC
Some investors, however, have been purchasing GBTC shares over the last three to six months betting on a narrowing discount in case of a favorable cou [...]
Americans Still Put Their Trust in Juries. Will Trump’s Trials Break That Faith?
At a time when trust in institutions is at an all-time low, Americans still seem to have faith in their fellow citizens serving on juries.Nearly 60 pe [...]
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.
www.coin [...]
Prime Trust parent company lost $8M investing in TerraUSD
The parent company of crypto custodian Prime Trust, currently involved in Chapter 11 bankruptcy proceedings, has reported losing roughly $8 million in [...]
Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new cr [...]
BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg
The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust.
www.coindesk.com [...]
Prime Trust bankruptcy spotted by crypto community months ahead
Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer [...]
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
Crypto custodian Prime Trust has filed for Chapter 11 Bankruptcy in Delaware after it faced a shortfall in customer funds.The company said in an Aug.1 [...]