Crypto custodian Prime Trust files for Chapter 11 bankruptcy
The crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months. Go to Source
Prime Trust
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Prime Trust’s financials ‘considerably deteriorated,’ says Nevada regulator
Nevada’s business regulator issued a cease and desist order to the crypto custodian alleging it has a “shortfall of customer funds.” Go to Source Powered by WPeMatico
Biggest Problems With Stablecoins, Explained
Concerns over transparency and reserves are lingering over stablecoins, with big players facing regulatory pushback as they try to launch their own currencies #CT_sponsored Go to Source Powered by WPeMatico
SEC Suspends Trading in Company Over False Cryptocurrency-Related Claims
The U.S. Securities and Exchange Commission (SEC) has suspended trading in a firm for making several false cryptocurrency-related claims. Among them are the firm’s partnership with an SEC qualified custodian, regulated cryptocurrency transactions, and tokens that are fully registered with the commission. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Trading Suspension The SEC … Read more
IBM Backs the Development of Latest New Stablecoin, Stronghold USD
It seems like a new alternative for Tether (USDT) pops up at least once a week recently. And the latest stablecoin to hit the market involves an interesting supporter, computer technology giant IBM. Stronghold USD is said to be backed one-to-one by fiat US dollars held at the company’s partner bank, Prime Trust. Also Read: … Read more
