2023-6-28 20:23 |
Nevada's Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday. origin »
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Nevada regulators shut down Fortress Trust on Oct. 22, citing insolvency that left the custodian holding roughly $200,000 in cash against $8 million owed in fiat and $4 million in crypto. The cease-and-desist order marked the second major Nevada trust-company collapse in two years, following Prime Trust’s entry into receivership in June 2023.
2025-10-27 09:00 | |
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Prime Trust, a digital custodian for cryptos, has decided to use a very curious strategy in order to boost its share of the market. Now, the company will completely stop charging to keep custody of digital assets from its clients.
2019-2-1 06:21 | |
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Vertalo, a stakeholder registry and compliance platform for regulated security tokens today announced its latest partnership with Prime Trust, a Nevada Trust Company. Prime Trust offers compliant custody of crypto and traditional assets across all account types.
2018-9-5 00:11 | |
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Polymath, a company that provides a decentralized protocol and platform for security tokens, has signed a partnership with the SEC-regulated custodian Prime Trust. In this way, the startup enters the crypto custody market.
2018-8-29 18:23 | |
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The little U. S. Company known as Prime Trust has a played a prominent role in supporting dollar backed cryptocurrencies. The company is getting a taste for it, as it’s starting to compete with some of the larger cryptocurrency custodians.
2018-8-16 12:58 | |
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Prime Trust, a Nevada trust company, says it can handle custody for bitcoin, ether and any token issued on ethereum under the ERC-20 standard.
2018-8-15 11:00 | |
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The Nevada Gaming Control Board has asked a state court to hold Kalshi in contempt of a May order that demanded that Kalshi stop allowing prediction market trades in the state The post Nevada Gaming Regulators Escalate Kalshi Litigation With Contempt Request appeared first on DeFi Rate.
The CEO and other top executives are accused of a breach of fiduciary duties, unjust enrichment and wasting corporate assets.
The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.
Nevada's Financial Institutions Division cited concerns over unsafe operations and insolvency as it took against Prime Trust.
Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry said Thursday.
Citing recent inquiries from bitcoin businesses, Nevada is asking that bitcoin ATMs and others request license determinations. The post Nevada: Bitcoin ATMs, Other Services Should “Request Licensure Determination” appeared first on Bitcoin Magazine.