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Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Futures ETFs, Prime Trust Lost $8 million of Client & Treasury Funds in a TerraUSD Investment
25.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply...
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...
Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says
25.8.2023
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
Seriál Fallout vyjde příští rok, oficiální pohlednice vzbudila posměch
25.8.2023
Připravovaný televizní post-apo seriál Fallout bude mít premiéru během roku 2024 na Amazon Prime. Posměch ovšem vzbudila stylizovaná pohlednice, kterou podle kritiků vygenerovala AI, a to ne příliš hezky
Prime Trust parent company lost $8M investing in TerraUSD
24.8.2023
Prime Core Technologies said that “under prior management” it had lost $6 million in user funds and $2 million in treasury funds through investments in the algorithmic stablecoin
Thailand's Incoming Prime Minister Has Ties to Crypto – Here's What You Need to Know
24.8.2023
Thailand's incoming prime minister Srettha Thavisin, who is known for his success in the property industry, has also been involved in the cryptocurrency sector.
On Tuesday, Thavisin was elected by the Thailand parliament to be the country's next prime minister.
The real estate tycoon was the only...
BRICS Countries Can Use India’s UPI Instant Payment System, Prime Minister Modi Suggests
24.8.2023
Member states of the BRICS bloc can follow the example of other nations and start using India’s Unified Payments Interface (UPI) system, according to Prime Minister Narendra Modi. The country is a leader in digital transactions, the head of the Indian government said in South Africa where...
Thailand’s next prime minister Srettha Thavisin has crypto history
23.8.2023
Sansiri, one of the largest real estate firms in Thailand, once had Srettha Thavisin as CEO. The firm is known for backing crypto projects like XSpring
Thailand’s New Pro-Crypto Prime Minister Was an Active Crypto Investor
23.8.2023
The resolution of political drama and appointment of Srettha Thavisin as Thailand’s next Prime Minister means a 10,000 THB ‘airdrop’ is likely happening
Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub
18.8.2023
This week's Crypto Biz explores Binance Connect shutdown, BitGo's funding round, PayPal Crypto Hub, and other news
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
16.8.2023
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation...
BitGo Raises $100M After Scrapping Prime Trust Deal: Bloomberg
16.8.2023
The raises comes nearly two months after BitGo ended its plan to buy beleaguered rival Prime Trust
Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter
16.8.2023
On Monday, Las Vegas cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy protection, marking another setback for the troubled fintech company.
In the August 15th filing, the company stated that it has 25,000 to 50,000 creditors and expects liabilities of $100 million to $500...
From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
Prime Trust bankruptcy spotted by crypto community months ahead
15.8.2023
Months before Prime Trust filed for Chapter 11 bankruptcy, online sleuths in the crypto community were on the case and continue to follow the money
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
15.8.2023
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months
Struggling Crypto Custodian Prime Trust Looks Poised for Potentially Massive Layoffs, Sources Say
11.8.2023
Nevada regulators recently ordered the crypto company, which BitGo had planned to buy, to cease operations and noted a shortfall in customer funds
Grails’ lucky dip of famous NFT artists, new hope for PFP holders: NFT Collector
11.8.2023
Pudgy Penguins CEO reveals why PFT holders aren’t doomed, Grails offers a blind tasting to buy famous NFT artists, and free Amazon Prime NFTs
Amazon Prime's NFT Treat: Free In-Game NFTs for Players
10.8.2023
Amazon is offering its 170 million prime subscribers the ability to claim exclusive in-game non-fungible tokens (NFTs) from popular blockchain games such as Mojo Melee and Blankos Block Party (BBP).
As of August 9, Amazon Prime members are being offered a wide collection of NFTs, each conferring...
Building the ultimate crypto portfolio begins with Bitcoin Spark, Cardano, & Shiba Inu
8.8.2023
Diversification of the portfolio is essential for success in crypto investments, just like it is in all other investments. On that note, analysts suggest building the ultimate crypto portfolio begins with Bitcoin Spark (BTCS), Cardano (ADA), and Shiba Inu (SHIB). Bitcoin Spark (BTCS): It’s like...