Binance Eases Investors’ Worries With Independent Custodians Collaboration
In a strategic move reflecting the growing apprehension among traders, cryptocurrency giant Binance has yielded to demands from…
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Crypto Custodian
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Breaking: Custodia Bank Launches Bitcoin Custody Service
Custodia Bank on Tuesday said it has received regulatory approval for a Bitcoin custody platform. The Bitcoin custody…
Bitgo Secures $100 Million in Series C, Firm’s Valuation Climbs to $1.75 Billion
The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series…
Binance Withdraws Its Crypto License Application in Germany
The world’s largest exchange for digital assets, Binance, has withdrawn its application for a German crypto custody license.…
Binance Reportedly Denied Crypto License in Germany
Germany’s financial regulator has refused to grant Binance a crypto custody license, according to a media report. A…
TrueUSD (TUSD) Depegs, Rises To 70% On Curve Pool After Prime Trust Disaster
While TrueUSD (TUSD) denies its exposure to crypto custodian Prime Trust, it has depegged for the second time…
Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns
In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division…
Crypto custodian Prime Trust has deficiency of over $82 million in fiat currency
Just days after halting its transactions, Prime Trust was in the news again. However, this time, the Nevada…
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned…
Crypto Community Alleges Prometheum’s US SEC And FINRA Approval Is Controversial
At a time when top crypto exchanges Binance and Coinbase face wrath from US regulators such as the…