Prime Trust pushed into receivership, has only 3% of customers’ cash
The move to appoint a receivership of Prime Trust was to help the firm determine what's best for its clients—a return to private management or complete liquidation of the company.
The move to appoint a receivership of Prime Trust was to help the firm determine what's best for its clients—a return to private management or complete liquidation of the company.
Nevada’s action against Prime Trust pokes a major hole in the ‘crypto bro’ mantra that SEC Chairman Gary Gensler is cracking down on.
The hype given to blockchain-based solutions can lead to false claims of solving problems that are structured differently than the researcher notes.
While Tether attempts to disassociate itself from entities and individuals on Office of Foreign Assets Control’s SDN list, Coinbase is acting tough as it continues to show its rejection of the Office's sanctions list.
The popular conception of Bitcoin suffers from a narrative equally mired in misinformation, half-truths, and selective amnesia, and if we don't fix it, we lose.
The fraud division of Department of Justice recently began scrutinizing Silvergate Bank for its dealings with SBF's FTX exchange and its affiliated market-maker Alameda Research, according to Bloomberg.
Circle's Dante Disparte takes a swipe against Tether over the latter's "unsafe, opaque" operations, while Coinbase seemingly resorts to unethical moves in an attempt to save its plummeting revenue.
A purely free-market-based currency secured by economic incentives would lead to greater cooperation and remove the need for all kinds of nonsense arbitration so we could focus on the things that matter to us outside of Bitcoin.
While Celsius emerges from bankruptcy, FTX seems close to solving the $400 million hack in its platform after the arrest of three suspects allegedly tied to the case.
Binance's U.S. lobbying spending didn't immunize itself from its legal woes, as more difficulties could arise following revelations that the exchange tipped off its VIP customers.
Citing "unresolved issues" tied to its relationship with Binance, the NYDFS ordered Paxos to halt the minting of BUSD while users have until February 2024 to redeem their stablecoins.
Binance.US will assume control of $1 billion in digital assets frozen last July when Voyager filed for Chapter 11 protection.