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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
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 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
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...
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...
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
Hasbro Wants Old Transformers Games To Return, But Activision Lost Them
31.7.2023
Remember those Xbox 360/PS3-era Transformers games? Wouldn’t it be cool if you could easily buy and play those in 2023 on modern platforms? I think so. And so does Hasbro. But according to the toy company behind the popular transforming robot franchise, Activision has apparently lost the games...
Japan PM reaffirms Web3 plans as Binance announces imminent launch
25.7.2023
Fumio Kishida described Web3 as a "new form of capitalism" in a keynote address at WebX conference in Japan
Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money
18.7.2023
Crypto custodian Prime Trust has been ordered by the Eighth Judicial District Court of Nevada, where the company has its headquarters, to be put into receivership after the state ordered the custodian to cease all activities amid a shortfall of customer funds
The Last Of Us Is The First Game Adaptation To Get Emmy Noms—24 Of Them
12.7.2023
The 75th Emmy Awards revealed its nominations on July 12, and a video game adaptation is one of the most nominated shows of the year. HBO’s The Last of Us, starring Pedro Pascal and Bella Ramsey, has 24 total nominations, second only to HBO’s other powerhouse show, Succession, which has 27....
Senator Says YouTuber Logan Paul’s Energy Drink Is Unsafe For Kids
10.7.2023
Controversial YouTuber Logan Paul is making headlines again, as Senate Majority Leader Chuck Schumer (D-NY) has called on The Food and Drug Administration to investigate the influencer’s energy drink, Prime. Why? Well, there are concerns that it’s potentially unsafe for kids, with one...
Arthur Hayes Insists ‘Bitcoin Will Be the Currency’ of Artificial Intelligence
8.7.2023
In a freshly unveiled blog piece, Arthur Hayes, the former CEO of crypto derivatives platform Bitmex, posits that bitcoin is the prime currency for artificial intelligence (AI). Hayes maintains that moving forward, BTC will be the favored currency for AIs since they “must use a system that...
Fortnite's Battle Bus Is Now A Transformer
30.6.2023
2023 is continuing to be a weird one as Epic revealed that the bus from its free-to-play battle royale super-hit Fortnite is actually a Transformer. Read more
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...