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Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds

[May 5 5:35 PM] As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency…

Stand With Crypto campaign to focus on four swing states: Coinbase

[Sep 19, 2023 6:42 PM] A poll of voters in New Hampshire, Nevada, Ohio and Pennsylvania found 55% would be less likely to vote for anti-web3 presidential candidate, said Coinbase.

Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust

[Sep 8, 2023 9:00 AM] 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.

Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

[Aug 25, 2023 8:00 AM] After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold…

From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

[Aug 15, 2023 8:00 AM] In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer…

Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing

[Jul 18, 2023 3:42 PM] Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing.

Marathon shareholders file lawsuit against company's top management

[Jul 18, 2023 3:30 AM] The CEO and other top executives are being accused of a breach of fiduciary duties, unjust enrichment and waste of corporate assets.

Apparently It's Very Difficult to Custody Crypto

[Jun 29, 2023 9:22 AM]

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

[Jun 27, 2023 10:00 PM] 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…

Nevada financial regulator petitions court to place Prime Trust into receivership

[Jun 27, 2023 3:07 PM] The filing suggested Prime Trust had financial liabilities to its users totaling more than $82 million in fiat and $800,000 in crypto.

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

[Jun 27, 2023 2:16 PM] Nevada's Financial Institutions Division has taken legal action against Prime Trust LLC, filing a court petition to place the company in receivership. The Division cited concerns about Prime Trust's unsafe and unsound operations as well as its…

Nevada Files to Place Crypto Custodian Prime Trust Into Receivership

[Jun 27, 2023 11:23 AM] Nevada's Financial Institutions Divisoin filed to appoint a receiver for crypto custodian on Prime Trust, the regulator announced on Tuesday.

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

[Jun 23, 2023 12:00 AM] 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…

Prime Trust can't honor customer withdrawals, says Nevada regulator

[Jun 22, 2023 4:53 PM] Nevada's business regulator issued a cease and desist order to the crypto custodian alleging it has a "shortfall of customer funds."

Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says

[Jun 22, 2023 3:06 PM] 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.

Digital Asset Trust Firm Bitgo Sets Sights on Prime Trust Acquisition 

[Jun 9, 2023 3:30 PM] In a recent development, Bitgo, the digital asset trust firm, disclosed that it has penned a letter of intent to acquire Prime Trust, a crypto custodian based in Nevada. Should the acquisition proceed, Prime Trust would become an integral part of…