Search
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
23.6.2023
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to “temporarily pause” certain services and operations....
Prime Trust's financials 'considerably deteriorated,' says Nevada regulator
23.6.2023
Nevada's business regulator issued a cease and desist order to the crypto custodian alleging it has a "shortfall of customer funds."
Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says
22.6.2023
Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
22.6.2023
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime Trust’s future. Bitgo Cancels Prime Trust Acquisition...
Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition
9.6.2023
In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of Bitgo’s network of regulated trust companies....
Nevada Man Faces Time Behind Bars for Alleged Role in CoinDeal Scam
22.5.2023
The US Department of Justice (DOJ) has charged a Nevada man for his role in the multi-million-dollar CoinDeal investment scheme.
In a recent press release, the DOJ said Bryan Lee conspired with CoinDeal leader Neil Chandran to defraud 10,000 investors out of $45 million.
The Nevada resident...
Nevada Man Pleads Guilty in $722 Million Fraudulent Cryptocurrency Scheme
26.3.2022
A Nevada man has admitted his role in laundering funds solicited for the Bitclub Network, a $722 million fraudulent cryptocurrency scheme. He also pleaded guilty to tax offenses. Bitclub Network Investor Pleads Guilty The U.S. Department of Justice (DOJ) announced Thursday that Gordon Brad...
Nevada-Based Bitcoin Mining Operation Cleanspark Purchases 4,500 Bitcoin Miners From Bitmain
12.10.2021
Cleanspark, a Nevada-based energy technology and clean bitcoin mining firm, has announced the purchase of 4,500 Bitmain-brand Antminer S19 bitcoin mining rigs. The company says the mining devices were purchased by leveraging a portion of the company’s bitcoin holdings. Cleanspark Purchases...
While Politicians Worldwide Clamor Over Tax Evasion, Pandora Papers Show Bureaucrats Are the Worst Offenders
5.10.2021
As bureaucrats across the globe continue to ask the common citizenry for access to every financial decision they make, politicians and celebrities worldwide are hiding large amounts of wealth in tax havens according to the Pandora Papers. While American politicians like the Biden administration...
Legalized Theft: Police Seize $87,000 From Former Marine but Don’t Charge Him With a Crime
2.9.2021
A recently published report that went viral across social media details how a former U.S. Marine, Stephen Lara, was pulled over by police and was suspected of being a drug trafficker. Police then searched Lara’s vehicle and subsequently took $87,000 in cash from a bag kept in Lara’s...
Out of All the American States Study Shows Hawaii Expressed the Most Crypto Demand This Year
18.6.2021
A report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687% increase since 2020. As far as increased cryptocurrency demand since last year, Nevada, California, Florida,...
Reno to digitize Burning Man ‘Space Whale’ as NFT on Tezos blockchain
5.3.2021
The city of Reno, Nevada is developing its own DAO and NFT system on top of the Tezos blockchain network, Mayor Hillary Schieve said
Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County
17.2.2021
A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County. Crypto City Aims to Host 33 Million Square Feet of Commercial Space...
Blockchain firm aims to build crypto city in Nevada desert
14.2.2021
CEO Jeffrey Berns says the smart city could incorporate digital currency payments for goods and services as well as records on the blockchain
Brave New Coin partnership will help Nevada crypto users reach new 'high'
2.2.2021
Cannabis users in the state may soon be able to pay for their green without cash
The mayor of Reno appears to be a LINK Marine
27.1.2021
It would seem that Mayor Hillary Schieve of Reno, Nevada is a supporter of Chainlink's blockchain oracle project
Huobi plans return to the US after ceasing operations in 2019
22.12.2020
Huobi Group is setting up a trust company in Nevada after closing down the U.S. subsidiary in 2019
Cleanspark Buys US Bitcoin Miner for $19.4 Million, Plans to Quadruple Mining Capacity
12.12.2020
Cleanspark Inc., a Nevada-based corporation, said Thursday that it is acquiring U.S. bitcoin miner ATL Data Centers for $19.4 million in a deal to be completely settled in shares. Cleanspark specializes in microgrid energy software. It claims that it can use this technology at the ATL facility...
PayPal-Backed Identity Platform Acquired by Nevada’s Blockchains LLC
1.12.2020
An identity management provider backed by PayPal, Foxconn and others has been acquired by Nevada-based holding company Blockchains LLC
Nevada Woman Charged in Bitcoin Murder-for-Hire as a Mystery Hacker Again Turns Tipster
25.9.2020
The case, the website, the circumstances and the source all share parallels with another recent federal murder-for-hire prosecution