Tag: Prime Trust
BitGo Expands Crypto Services with HeightZero
The crypto custodian firm BitGo has acquired
HeightZero, a software platform tailored for wealth managers looking to
integrate cryptocurrencies and digital assets into their clients' portfolios.
While...
Breaking News
Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
Prime Trust filed for bankruptcy in August, roughly two months after Nevada regulators alleged the company was unable to meet its customers' withdrawal requests....
Paxos Pays $500K to Send $2K + Google is Coming to Web3
Hello there!So, most of us have had this experience before—you’re supposed to send a specific amount to a friend, say $20. And in a...
How to build secure banking apps and digital wallets
Thinkers always win, don't they? Industry leaders who think strategically and plan are more likely to achieve their goals. A product that meets user...
Fortress Trust’s $15M BTC Heist Flaws Ripple’s Acquisition
Fortress Trust, a leading custodian in the crypto world, has found itself embroiled in a scandal involving a crypto heist that saw up to...
Terra Luna Classic contemplates deposit hike to curb spam proposals
The Terra Luna Classic is presently voting on multiple proposals, with concerns raised about an uptick in "spam" proposals following a decline in LUNA...
Ripple to Acquire Crypto Custodian Fortress Trust – Decrypt
Ripple announced on Friday that it intends to acquire Nevada-based Fortress Trust—a Web3-focused financial, regulatory, and technology infrastructure provider.“They’ve built an impressive business with...
No, Bitcoin withdrawals from exchanges are not inherently bullish for crypto
Crypto analysts on X (the social media platform formerly known as Twitter) and in YouTube interviews have been abuzz with talk about the trend...
Prime Trust Filing Reveals Cascade of Failures That Led To Bankruptcy Filing – Decrypt
Irresponsible spending. Misjudging summer 2022's crypto market implosion. Getting locked out of its own cryptocurrency wallet. These are some of the missteps detailed...
Sam Bankman-Fried’s life in jail, Tornado Cash’s turmoil, and a $3B BTC whale: Hodler’s Digest, Aug. 20-26
Top Stories This Week Tornado Cash co-founders charged with money laundering, sanctions violations United States officials pressed charges against the co-founders of crypto mixer...
Prime Core Faces $8M Loss Amid TerraUSD’s Collapse
Prime Core Technologies, the parent entity of crypto custodian Prime Trust, disclosed a financial setback of $8 million, largely attributed to investments in the...
Prime Trust Lost $8 Million Investing in TerraUSD
The parent company of crypto custodian Prime Trust disclosed that its prior management lost millions of dollars’ worth of customer funds and Treasury...
Crypto Biz: 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 crypto features and...