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Nalezeno "trust": 1306

Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust

11.7.2023
Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal

Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’

11.7.2023
On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...

Grayscale Bitcoin Trust Discount Narrows to Lowest Since May 2022

10.7.2023
The discount has been narrowing on hopes the SEC might soon approve a spot bitcoin ETF

Regulation, User Trust, and Tech Constraints Stand in the Way of Mass Crypto (Banking) Adoption, Says Brighty’s CTO Nikolay Denisenko

10.7.2023
In an interview with Cryptonews, Nikolay Denisenko, the co-founder and CTO of mobile digital finance Brighty app and former Lead Backend Engineer at neobank Revolut, spoke of the major challenges crypto companies face when moving into neobanking. He further discussed how neobanks can utilize DeFi...

Bitcoin ETF race begins: Has institutional trust returned to crypto?

4.7.2023
Seven institutional firms have filed for a spot Bitcoin ETF in the U.S., including the world’s largest asset manager BlackRock, driving optimism and higher Bitcoin prices

Singapore Plans to Safeguard Cryptocurrency Investments with New Trust Requirement

3.7.2023
Singapore has announced plans to impose a trust requirement on cryptocurrency exchanges in a bid to instill confidence in the market and protect investors from potential losses. On Monday, the Monetary Authority of Singapore (MAS) stated that cryptocurrency exchanges will be required to keep...

Singapore's MAS Orders Crypto Firms to Keep Customer Assets in a Trust by Year-End

3.7.2023
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year

Why approving a Bitcoin ETF might unleash $18 billion in sell-pressure

30.6.2023
Grayscale GBTC Trust conversion to an ETF will unlock a potential sale of up to $18 billion in Bitcoin

Fidelity renews push for spot Wise Origin BTC Trust, making it 7th applicant this year

29.6.2023
The huge asset manager was denied approval for the Wise Origin Trust last year; now, it is joining a long line of spot fund hopefuls

Prime Trust Is Having a Bad Month

29.6.2023
Prime Trust may be taken over by the state of Nevada, and the situation seems alarming

Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes

29.6.2023
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators...

Apparently It's Very Difficult to Custody Crypto

29.6.2023

Prime Trust Faces Closure as Nevada Regulators Take Action – Another Bear Market Victim?

28.6.2023
Crypto custodian Prime Trust is facing imminent closure as Nevada regulators move to shut down the troubled company, potentially making it the latest victim of the crypto bear market. The regulatory action comes after it was discovered that Prime Trust owed millions of dollars to its customers...

Biggest Movers: SHIB, MATIC Fall 5% Lower on Wednesday, Hitting 1-Week Low

28.6.2023
Shiba inu was down by as much as 5% on Wednesday, as the meme coin slipped to a one-week low in today’s session. Market uncertainty has heightened in recent days, following the news that Prime Trust has been placed into receivership. Additionally, traders’ nerves increased ahead of Federal...

Bitcoin, Ethereum Technical Analysis: BTC Consolidates Below $31,000 Following Prime Trust Liquidation

28.6.2023
After briefly rising above $31,000, bitcoin consolidated on Wednesday, as bulls moved to secure recent gains. The uncertainty came as crypto custodian Prime Trust entered receivership, after being found to be illiquid by authorities. Ethereum also declined, once again falling below $1,900. Bitcoin...

Grayscale Bitcoin Trust Shares Hit Yearly High, Discount Shrinks to 30% as Wall Street Giants Enter Crypto

28.6.2023
The share price of Grayscale Bitcoin Trust (GBTC) reached a one-year high on Tuesday, fueled by renewed optimism surrounding the potential conversion of the trust into an exchange-traded fund (ETF). The surge came in response to reports that asset manager Fidelity Investments is preparing...

Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns

28.6.2023
In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention to take decisive action against the crypto custodian Prime Trust. The regulatory body seeks to not only shut down Prime Trust but also swiftly seize...