Will SEC file appeal by deadline as Grayscale Bitcoin Trust discount hits yearly low?

The discount on Grayscale Bitcoin Trust (GBTC) has reached its lowest point this year, currently standing at 16. 58% as of Oct. 12, per data from Coinglass. This narrowing discount is closely linked to the impending deadline for the U. дальше »

2023-10-13 13:15

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Grayscale Bitcoin Trust (GBTC) Discount Keeps Plunging

Grayscale Bitcoin Trust's (GBTC) discount has seen a dramatic shift from a daunting 43% in mid-June to a more optimistic 16.5% дальше »

2023-10-13 23:19

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Grayscale Ethereum Trust Seeks SEC Approval to Convert to Spot ETF

Grayscale seeks SEC approval to convert $5B Ethereum Trust into spot ETF, advancing Ether further into regulatory perimeter. дальше »

2023-10-2 19:04

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Grayscale Moves to Convert Its Ethereum Trust to a Spot ETH ETF

Its the largest ether trust in the world with $5B in AUM. дальше »

2023-10-2 15:30

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Ripple abandons Fortress Trust deal after covering $15M loss related to security breach

Ripple has abandoned a deal that could have seen it acquire the financial infrastructure firm Fortress Trust, according to a statement on Sept. 28. Ripple CEO Brad Garlinghouse said in a tweet: “A few weeks ago, we signed a letter of intent to acquire Fortress Trust — we’ve since made the decision not to move forward […] The post Ripple abandons Fortress Trust deal after covering $15M loss related to security breach appeared first on CryptoSlate. дальше »

2023-9-29 00:50

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Grayscale Bitcoin Trust Turns 10, Announces Rebranding

Grayscale's GBTC, one of first Bitcoin-based OTC-traded products, celebrates 10th anniversary with massive rebranding campaign дальше »

2023-9-25 17:54

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TikTok Faces Challenge As Elon Musk Crypto Scams Multiply

TikTok, the wildly popular video-sharing platform, is currently grappling with an onslaught of fraudulent cryptocurrency giveaways that prey on users’ trust in themes related to Elon Musk, his electric vehicle and aerospace companies SpaceX and Tesla. дальше »

2023-9-19 14:00

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New Google cloud sync feature implicated in $15M crypto heist at Ripple-owned Fortress Trust

Software development company Retool has blamed the hack of crypto custodian Fortress Trust on a recently introduced Google Account cloud synchronization feature, Hacker News reported on Sept. 18. дальше »

2023-9-18 15:57

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Identity of Ripple's Fortress Trust Hacker Who Stole $15 Million in Crypto Revealed

Details of exploit that drained $15 million worth of crypto from Fortress Trust have emerged thanks to Retool company, here's who hacker may be дальше »

2023-9-18 14:19

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BitGo, Swan unveil plans for Bitcoin-only trust company

The trust company will target institutional investors in the United States as asset managers line up for a spot Bitcoin ETF.

2023-9-16 20:52

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Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust

A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said. дальше »

2023-9-14 23:37

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Ripple Bails Out Fortress Trust After Hack

Ripple confirms compensating losses of Fortress Trust clients despite prior claims of no damages in a recent security incident. дальше »

2023-9-12 18:36

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SEC setback narrows profit opportunity for GBTC investors

The gap between Bitcoin’s price and GBTC shares has narrowed after the SEC rejected Grayscale’s application to convert its trust into an exchange-traded fund (ETF). дальше »

2023-9-11 21:25

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Ripple Continues Its Acquisitive Streak With Deal To Acquire Crypto Infrastructure Startup Fortress Trust

2023-9-9 21:50

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Grayscale Ethereum Trust nears 2023 high as ETF hopes mount

The price of Grayscale Ethereum Trust (ETHE) saw an uptick following recent ETF filings made by Ark Invest and 21Shares. This has been driven by the hopes of a potential conversion of the ETHE The post Grayscale Ethereum Trust nears 2023 high as ETF hopes mount appeared first on AMBCrypto. дальше »

2023-9-9 17:30

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Ripple Expands Its Arsenal: Fortress Trust Joins The Acquisition Lineup

Ripple, a prominent cryptocurrency firm, has announced its acquisition of Fortress Trust, a financial institution that offers Web3 financial, regulatory, and technology infrastructure for blockchain innovators. дальше »

2023-9-9 23:00

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Ripple acquires Nevada-based trust company to expand US licensing

Blockchain firm Ripple has acquired Fortress Trust, a chartered trust company in Nevada, adding to its existing roster of regulatory licenses across multiple U.S. states. Ripple, a blockchain firm, has expanded its reach with the acquisition of Fortress Trust, a… дальше »

2023-9-9 21:30

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Ripple acquires Fortress Trust, expands license portfolio in the US

Fortress holds a Nevada Trust license for asset custody. Ripple holds more than 30 licenses across the United States.

2023-9-9 20:00

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Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust

A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May. дальше »

2023-9-9 18:00

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Grayscale Bitcoin Trust Holdings Are Spread Over 1,750 Wallet Addresses, Arkham Finds

Crypto analytics platform Arkham Intelligence claims to have found on-chain addresses associated with the Grayscale Bitcoin Trust. This revelation comes amidst the ongoing battle between asset management firm Grayscale and the United States Securities and Exchange Commission (SEC) over converting the Bitcoin Trust into a spot exchange-traded fund (ETF). The Grayscale Bitcoin Trust, with the […] дальше »

2023-9-8 16:00

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SEC Must Review Grayscale's Bitcoin ETF Bid After Previous Rejection, Appeals Court Rules

A federal appeals court ordered the SEC to "vacate" its rejection of the trust issuer's bid to convert the Grayscale Bitcoin Trust into an exchange-traded fund. дальше »

2023-8-30 17:25

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Prime Trust lost $8M after Terra collapsed; bought $76M ETH in unrelated wallet loss

Failed crypto custodian Prime Trust revealed new details about its past financial shortfalls in a filing submitted to bankruptcy courts on Aug. 24. That filing indicates that Prime Trust’s investment in the TerraUSD (USTC) stablecoin resulted in millions of dollars of losses for the company. дальше »

2023-8-25 01:10

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Crypto Custodian Prime Trust Navigates Chapter 11 Bankruptcy

Prime Trust, a leading crypto custodian, files for Chapter 11 bankruptcy protection in Delaware following internal restructuring moves. дальше »

2023-8-15 18:18

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Prime Trust files for bankruptcy

Cryptocurrency custodian fintech Prime Trust has filed for bankruptcy under Chapter 11 in the US. The company filed a voluntary petition for bankruptcy in the Eighth Judicial District Court of Nevada. дальше »

2023-8-15 16:30

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Prime Trust Put Into Receivership Amid Shortfall in Funds, Charges It Misused Customer Money

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. дальше »

2023-7-19 00:14

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Grayscale Bitcoin Trust’s Premium Falls To 28% As Tug-Of-War With SEC Continues

The Grayscale Bitcoin Trust (GBTC) has been on an uncertain journey over the last year as crypto headwinds have fluctuated. This was a result of the uncertainty triggered by the Genesis Trading bankruptcy, a company under the same Digital Currency Group (DCG) umbrella, of which the GBTC is a part. However, the trust has done […] дальше »

2023-7-12 02:30

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Will Cardano regain large holders' trust as gains decline

The number of large holders decreased amid the concerning decline in the token value. Market participants were beginning to trust a bullish outlook as indicators slightly supported the sentimenThe post Will Cardano regain large holders' trust as gains decline appeared first on AMBCrypto. дальше »

2023-7-10 19:30

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Nevada’s FID places embattled crypto company Prime Trust in receivership

Nevada’s Financial Institutions Division took over the troubled cryptocurrency company Prime Trust. That came as the latter stared at a substantial deficit, alleging that it lost access to various cryptocurrency wallets in 2021. дальше »

2023-6-29 13:17

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Grayscale Bitcoin Trust Shares Rally to a One-Year High, Discount Dips to 30%

Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said. дальше »

2023-6-28 01:53

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Nevada asks for Prime Trust to be put in receivership, reports $82M deficit

Regulators in Nevada filed a court petition to place Prime Trust LLC in receivership, according to an official press release on June 27. The Nevada Financial Institutions Division (NFID) said that it had asked courts to appoint a receiver to take control of Prime Trust’s daily operations. дальше »

2023-6-28 00:29

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Nevada regulator petitions for receivership of Prime Trust

The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency. дальше »

2023-6-28 00:24

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Nevada financial regulator petitions court to place Prime Trust into receivership

The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto. дальше »

2023-6-28 00:07

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Nevada FID Files Court Petition To Place Prime Trust In Receivership Over Financial Woes

Nevada's Financial Institutions Division cited concerns over unsafe operations and insolvency as it took against Prime Trust. дальше »

2023-6-28 23:16

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Prime Trust insolvency fears, Nevada regulator issues cease-and-desist order

Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from the Nevada FID дальше »

2023-6-23 14:17

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TrueUSD maintains it has no exposure to Prime Trust despite community claims

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. дальше »

2023-6-23 13:27

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Prime Trust Suspends Stably Withdrawals as BitGo Pulls Out of Acquisition Deal

The move comes at the same time as digital asset trust and security company BitGo announced its decision to terminate its acquisition of Prime Trust. The post Prime Trust Suspends Stably Withdrawals as BitGo Pulls Out of Acquisition Deal appeared first on BeInCrypto. дальше »

2023-6-23 06:38

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Prime Trust cannot fulfill withdrawals, must stop accepting funds: Nevada C&D order

Financial regulators in Nevada issued a cease and desist order against Prime Trust on June 21 after monitoring the company for solvency. In an email to CryptoSlate, the Nevada Financial Institutions Division (NFID) said it monitored the solvency of Prime Trust prior to a possible acquisition or merger. дальше »

2023-6-23 02:41

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BitGo Pulls The Plug On Prime Trust Acquisition, Citing Insurmountable Challenges

BitGo, a leader in digital asset trust and security, has announced that it has terminated its acquisition of Prime Trust, a technology-driven financial institution that provides custody and escrow services for the digital asset industry. дальше »

2023-6-23 23:00

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BitGo terminates plans to buy Prime Trust 

Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust.  дальше »

2023-6-23 19:09

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BitGo terminates acquisition of Prime Trust

The acquisition was called off two weeks after BitGo publicly disclosed its non-binding letter of intent to acquire Prime Trust. дальше »

2023-6-22 18:43

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Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust

Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk. дальше »

2023-6-22 16:59

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Trust wallet token price surged by 30% amid new integration

The global crypto market has been moving in extreme volatility after the news around the US Securities and Exchange Commission (SEC) emerged on June 5. However, the trust wallet token (TWT) broke the downtrend with impressive gains over the past… дальше »

2023-6-19 11:28

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Trust Wallet Token (TWT) up 10%, Here's What's Behind Run

Trust Wallet Token leading market momentum amid Bitcoin and general altcoin sell-off дальше »

2023-6-15 15:58

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Prime Trust subsidiary files for bankruptcy in the US 

Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada. дальше »

2023-6-14 16:56

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Prime Trust subsidiary Banq files for bankruptcy amid BitGo acquisition deal

Prime Trust payment subsidiary Banq files for bankruptcy, citing “unauthorized’ asset transfers to Fortress NFT Group.

2023-6-14 15:45

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Prime Trust Owned Banq Files for Bankruptcy Amid Internal Struggles

Banq, a subsidiary of Prime Trust, has filed for bankruptcy in Nevada citing internal struggles and unauthorised transfers. Banq has accused former officers of stealing trade secrets to start competitive company. дальше »

2023-6-14 13:51

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Prime Trust subsidiary Banq declares bankruptcy

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. дальше »

2023-6-14 12:28

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TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs

In a June 10 post on its verified Twitter account, TrueUSD informed its users that the minting of TUSD tokens via Prime Trust has been temporarily paused until further notice дальше »

2023-6-10 12:54

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Crypto custodian BitGo signals intent to acquire Prime Trust

Should the deal go through, Prime Trust’s infrastructure will “map over 1:1” with BitGo’s services and add another trust company and crypto IRA fund. дальше »

2023-6-9 01:39

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Just in: SAPR tokens worthless following $3M rug pull by Swaprum developers

Swaprum developers execute $3M heist Despite their anonymity nature, cryptocurrencies follow the principles of transparency and trust. Nonetheless, exit scams and hacks have been long-term challenges in this space. дальше »

2023-5-21 12:02

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