2023-7-3 11:42 |
Crypto service providers in Singapore are now required to safekeep customer assets under a statutory trust before the end of the year. origin »
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A legacy cryptocurrency wallet associated with Prime Trust has been blocked, and the team cannot access assets worth roughly $45 million, Arkham Intelligence data on June 28 shows. As per the report, most of the assets consist of Ethereum, valued at over $44 million at current rates.
2023-6-29 04:00 | |
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A leading Nevada-based digital assets custodian, Prime Trust, received a cease and desist order from state regulators on Thursday, June 22. This happened after the crypto custodian failed to satisfy customer withdrawal requests on June 21.
2023-6-23 18:00 | |
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TrueUSD (TUSD) stated in a June 22 Twitter post that it is not affected by the issues faced by crypto custodial firm Prime Trust. Prime Trust was forced to suspend all deposits of fiat and digital assets by Nevada financial regulators on June 21 because it failed to safeguard assets under its custody and could […] The post TrueUSD maintains it has no exposure to Prime Trust despite community claims appeared first on CryptoSlate.
2023-6-23 13:27 | |
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Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust.
2023-6-23 19:09 | |
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Banq, a subsidiary of crypto custodian Prime Trust, filed for bankruptcy in the U. S. District Court of Nevada on June 13. Banq specializes in payment processing for cryptocurrency businesses. In the bankruptcy filing, the firm listed assets of $17.
2023-6-14 12:28 | |
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U.S. Congressman Brad Sherman questioned the Securities and Exchange Commission (SEC) about whether Grayscale Bitcoin Trust investors (GBTC) can redeem their assets from the investment company. In a May 11 letter directed to the SEC Chair Gary Gensler, the Congressman claimed that Grayscale prioritized profits regardless of how it affected over 850,000 retail investors whose […] The post US lawmaker questions SEC about GBTC redemptions appeared first on CryptoSlate.
2023-5-12 12:15 | |
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Hex Trust, a regulated institutional-grade crypto-asset custodian, today announced it has partnered with The Sandbox, a leading decentralized gaming virtual world to enable fully-licensed and highly-secure custody of assets such as LAND in The Sandbox’s metaverse.
2023-5-11 19:18 | |
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Trust Wallet Token (TWT) faces a bullish trend, but analysts eye a new industry disruptor with 3500% potential. It revolutionizes lending by allowing borrowers to access funds against tangible assets while lenders receive fixed interest payments.
2023-5-5 10:45 | |
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Joseph Seibert, formerly head of its digital assets at Signature Bank, has brought over part of his risk and compliance team and a blockchain payments specialist.
2023-4-26 22:09 | |
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The European Union is set to vote on the Markets in Crypto Assets (MiCA) proposal, aiming to establish a legal framework that will regulate the cryptocurrency industry and rebuild trust after high-profile collapses.
2023-4-19 19:23 | |
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Since its launch in November 2014, Uphold has developed a unique exchange for trading both digital and physical assets. It’s known as one of the few crypto exchanges that also supports commodity trading.
2023-4-7 05:36 | |
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NEAR has launched a NEAR Community Purpose Trust to accelerate the allocation of funds to grassroots projects and utilize an innovative legal framework based on the Guernsey Special Purpose Trust, a type of trust that separates the legal title to assets from the beneficial interest in those assets.
2023-3-29 16:06 | |
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Trust Wallet has announced Ledger hardware support for its browser extension. The new Ledger integration adds a layer of security to the leading self-custodial wallet. Users can now securely manage and store all their assets.
2023-3-1 22:26 | |
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Blockchain bridges, also known as cross-chain bridges, are designed to connect different blockchain networks and enable the transfer of assets between them. The post How can we make DeFi bridges safer? Minimize the trust appeared first on CryptoSlate.
2023-2-12 22:00 | |
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Key Takeaways DCG own the Grayscale Bitcoin Trust, which has been trading at a sizeable discount following concern around the reserves held DCG has begun selling off crypto assets at distressed prices following bankruptcy of Genesis Market seems to have priced this in, but there could be more twists to come A couple of weeks […] The post Barry Silbert’s DCG selling off assets at distressed prices, but market doesn’t care appeared first on CoinJournal.
2023-2-7 16:30 | |
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The asset management firm has laid out plans to manage Grayscale’s bitcoin trust, which has significantly declined since the beginning of the crypto winter. Valkyrie, a Nashville, Tennessee-based asset manager with over $1 billion in assets under management, has announced…
2022-12-31 14:42 | |
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Retail investors will sit out of the crypto market in 2023 VC funds aren’t going to stop investing just because of FTX TechCrunch senior crypto reporter Jacquelyn Melinek talked to CNBC Market Alert about what lies ahead for the crypto market in 2023, after a painful year for digital assets, investors and other stakeholders in […] The post Melinek: Trust in the crypto ecosystem needs to be rebuilt 100% appeared first on CoinJournal.
2022-12-29 17:03 | |
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Major crypto assets are continuing to reliably move off of centralized cryptocurrency exchanges despite the service providers' best efforts to regain user trust after the fall of FTX.
2022-12-21 13:38 | |
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The Grayscale Bitcoin Trust is considering a tender offer that would aim to return investor capital if the SEC keeps blocking its conversion to a spot ETF.
2022-12-20 20:15 | |
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The audit process in the cryptocurrency industry has proven to be more challenging due to the lack of experienced auditors with specialized expertise. Both auditors and crypto companies must invest in education and training to ensure the reliability of crypto audits, which play a crucial role in building trust and confidence in a company's operations and financial health.
2022-12-18 17:12 | |
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Grayscale Bitcoin Trust is a US Securities and Exchange Commission-registered investment corporation that primarily functions as a custodian for Bitcoin. At the current stock price, Grayscale’s Bitcoin holdings are only worth $55 for every $100 in Bitcoin. It represents a…
2022-11-29 20:55 | |
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If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
2022-11-22 19:30 | |
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Following recent uncertainty regarding the future of the Grayscale Bitcoin Trust, its custodian partner Coinbase released a report detailing the assets held on behalf of Grayscale Bitcoin Trust. The post Grayscale holds 635K BTC as Coinbase Custody reveals holdings appeared first on CryptoSlate.
2022-11-22 17:30 | |
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The biggest news in the cryptoverse for November 18 includes fears of Grayscale Bitcoin Trust being in trouble, Bahamas’ order for FTX to transfer its digital assets, and SafePal’s 125% spike as a result of the increasing popularity of non-custodial wallets.
2022-11-19 00:50 | |
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Accelerate Financial Technologies announced its acquisition of five blue-chip NFTs for its NFT Fund LP. For the record, the Fund’s digital assets are held in Tetra Trust company’s custody solution.
2022-11-17 18:15 | |
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The sudden decline of FTX has created a devasting effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin.
2022-11-17 05:37 | |
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Requiring exchanges to show they have assets to match their liabilities would improve transparency and help to win back public trust in crypto, says Nic Carter.
2022-11-14 16:29 | |
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The assets will be sent to a designated Celsius wallet, and will await court orders about how they should be distributed.
2022-10-21 23:07 | |
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The stablecoin issuer Tether (USDT) has made good on its word to cut its exposure to riskier assets like commercial paper. The post Tether Cuts Out Commercial Paper Holdings To Foster Trust appeared first on BeInCrypto.
2022-10-14 01:41 | |
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Grayscale Investments, the digital assets investment firm behind the Grayscale Bitcoin Trust (OTCMKTS: GBTC), has unveiled a new broker dealer unit that will henceforth create and issue shares of its flagship crypto trust to investors.
2022-10-4 20:23 | |
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An alternative investment company, Valkyrie, has added $73. 6 million in capital into two crypto-focused trust funds. Valkyrie initially had $1. 2 billion in assets under management at the end of the second quarter.
2022-9-17 23:48 | |
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Crypto users in the United States exhibited increased loyalty and trust in digital assets despite the crippling bear market. A Q2 Crypto Pulse Study validated that the increased volatility of crypto prices have failed to dampen the enthusiasm of Americans in the asset class.
2022-9-5 14:46 | |
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The Ledger CEO said that until people begin using decentralized technology, control over assets and data will remain in the hands of the big tech giants and centralized intermediaries.
2022-8-26 05:36 | |
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Celsius is suing custody provider Prime Trust for failing to hand over $17 million in various crypto assets including BTC, CEL, ETH, and USDC. The post Celsius Sues Custody Provider Prime Trust, Wants $17M in Assets Returned appeared first on BeInCrypto.
2022-8-24 11:30 | |
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"Prime Trust was obligated under the Bankruptcy Code to deliver all property belonging to Celsius [...] including these remaining crypto assets," said Celsius' legal team.
2022-8-24 22:45 | |
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The dispute stems from a trove of assets held by Prime Trust for Celsius customers in New York and Washington.
2022-8-24 20:04 | |
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Japan is set to allow trust banks to manage crypto assets later this year, financial regulators have announced. The post Japanese Trust Banks Could Get Go-Ahead for Crypto Custody appeared first on BeInCrypto.
2022-7-3 10:00 | |
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In response to the U. S. Securities and Exchange Commission’s denial of a request to convert its Bitcoin trust into an exchange-traded fund, Grayscale Investments, the largest manager of digital currency assets globally, has filed a lawsuit against the SEC.
2022-7-1 23:30 | |
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Binance's self-custodial crypto wallet Trust Wallet aims to enable the purchase of more than 200 digital assets with 40 fiat currencies via Binance Connect, formerly known as Bifinity.
2022-6-23 16:00 | |
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Hex Trust, a fully licensed and insured provider of bank-grade custody and associated services for crypto-assets in Asia, announced today it has obtained provisional approval from the Government of Dubai’s Virtual Assets Regulatory Authority (VARA) to receive a Virtual Asset MVP License.
2022-6-21 04:50 | |
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Gemini is staring at a grueling court case after a leading pensioners’ fintech startup, IRA Financial Trust filed a lawsuit against the crypto exchange seeking compensation over the loss of $36 million in crypto assets earlier this year.
2022-6-8 19:45 | |
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It's unclear at the time of publication whether there will be any recourse for investors in recovering the lost funds.
2022-6-7 22:00 | |
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The top 10 largest whale addresses of stablecoins Dai and USDC show an increased trust level in the two assets amid the UST debacle.
2022-6-3 19:14 | |
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Sumitomo Mitsui Trust Holdings (SuMi) has announced it will create a trust company with Japanese crypto exchange Bitbank to manage digital assets for clients. The post Japanese Bank Launches Digital Asset Joint Venture With Crypto Exchange appeared first on BeInCrypto.
2022-5-24 17:30 | |
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Valkyrie Digital Assets has launched a brand new trust for Avalanche token
2022-5-4 19:20 | |
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The Stablecoin TRUST Act proposed the digital assets be identified as “payment stablecoins” which are exempt from many securities regulations.
2022-4-7 02:10 | |
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Grayscale Investments, the world’s largest digital assets fund manager, is threatening legal action against the US Securities and Exchanges Commission (SEC). According to Grayscale CEO Michael Sonnenshein, that could be the route for the asset manager should the SEC reject its application to convert its Bitcoin Trust (GBTC) product into a spot Bitcoin exchange-traded fund […] The post Grayscale Threatens SEC with Legal Action: An Expert’s Comment appeared first on Invezz.
2022-3-30 21:44 | |
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Hex Trust, an Asia-based digital asset custodian licensed in Hong Kong and Singapore with over USD $5 billion in assets under custody, has announced the close of its Series B funding round of USD $88 million.
2022-3-16 05:15 | |
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“The new charter will enable us to provide secure, reliable and efficient investment, trading, and custodian services for a wide range of digital assets," said SFOX co-founder Akbar Thobhani.
2022-3-2 01:04 | |
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Former CEO Dmitry Tokarev will continue as the board's founder director.
An interview with Craig Raw, creator of the popular Sparrow Wallet, on Bitcoin privacy best practices and pain as a teacher. From "The Privacy Issue".
Algoz will use Zodia's Interchange service to offer off-venue settlement and mitigate risks around liquidity and insolvency.
Critics of SAB 121, introduced in March 2022, have called the rule “obscure,” a “diktat” and a “pernicious weed.”
When mining bitcoin and receiving their hard-won currency, miners have to decide how to custody their earnings. A comprehensive guide to self-custody for those securing the Bitcoin network.
Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect.
LBBW will first offer crypto custody to corporate clients with a market launch planned for the second half of 2024.