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CATEGORY: nevada based custodian

Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 28, 2023 01:20

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

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 its property, assets, books, papers, documents, and records.

The post Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns appeared first on BTC Ethereum Crypto Currency Blog.

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Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 23, 2023 01:20

Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns

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. According to reports, the bitcoin payments platform, Strike, is also encountering difficulties and has

The post Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns appeared first on BTC Ethereum Crypto Currency Blog.

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