Tag: Trust
GBTC Bitcoin Trust Volume Increases 79% in June Amid TradFi ETF Applications
Compared with Grayscale’s ETHE trust, GBTC’s volume significantly outperformed in trading volume. Since September, GBTC's trading volume rose from $35 [...]
Nevada financial regulator petitions court to place Prime Trust into receivership
Following the filing of a cease and desist order, Nevada’s Financial Institutions Division has again moved against crypto custodian Prime Trust by pet [...]
Nevada Places Crypto Custodian Prime Trust Into Receivership
Prime Trust entered an agreement with Fireblocks to have the latter company manage its crypto assets, which was completed in 2020. In 2021, after Prim [...]
BitGo Has Other Acquisitions Pending Following Aborted Prime Trust Purchase
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Volatility Shares Trust aims for listing of leveraged Bitcoin futures ETF
A company behind providing cryptocurrency-linked and other exchange-traded funds (ETFs) has filed with the United States Securities and Exchange Commi [...]
Prime Trust Has ‘Shortfall of Customer Funds,’ Nevada Regulator Says
"On or about June 21, 2023, Respondent was unable to honor customer withdrawals due to a shortfall of customer funds caused by a significant liability [...]
TrueUSD assures users it has no exposure to troubled Prime Trust
On June 22, TrueUSD announced on Twitter that its TUSD stablecoin had “no exposure” to the troubled Prime Trust, which is reportedly facing regulator [...]
TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
That volatility has rocked usually quiet loan markets for TUSD, especially on Aave v-2, the largest on-chain lending facility for TUSD. At press time, [...]
BitGo terminates acquisition of Prime Trust
On June 22, wallet infrastructure provider and digital asset custodian BitGo announced on Twitter that it had decided to cancel its acquisition of fin [...]
Cryptp Custody Firm BitGo Cancels Prime Trust Acquisition
BitGo made the decision after "considerable effort and work to find a path forward with Prime Trust."
www.coindesk.com [...]
Boris Johnson: Theresa May says backing Partygate report would restore trust
The former PM urges MPs to support the report which found Boris Johnson deliberately misled Parliament.
www.bbc.co.uk [...]
Grayscale Bitcoin Trust nears 2023 highs on BlackRock ETF filing as buyers step up
Bitcoin (BTC) plans by BlackRock appear to have sparked a rally in the “OG” institutional BTC investment vehicle.Data from monitoring resource CoinGla [...]
Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal
The payments subsidiary of crypto custodian Prime Trust, Banq, filed for bankruptcy protection in the United States on June 13, court documents show.. [...]
Prime Trust Subsidiary Banq Files for Bankruptcy in Nevada
“Their theft of Banq’s corporate assets even included taking the company’s seat licenses for Las Vegas Raiders’ games at Allegiant Stadium, all withou [...]
TrueUSD stops minting via Prime Trust, loses dollar peg
Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology [...]