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Cryptocurrency custodial company BitGo said it “has made the hard decision to terminate its acquisition” of rival firm custody Prime Trust, according to a June 22 tweet. BitGo stated it made considerable effort and worked to find a path forward with Prime Trust. It added: “This decision was not made lightly and BitGo remains committed […]
The post BitGo backs out of deal to acquire Prime Trust appeared first on CryptoSlate.
The trio of the Central Banks of France, Switzerland, and the Bank of International Settlements (BIS) has successfully conducted a wholesale Central Bank Digital Currency (wCBDC) trial involving both country’s fiat notes. (Read More)
The Central Bank of France commissioned a trial involving the settlement of treasury bonds by using Central Bank Digital Currencies (CBDCs). (Read More)
Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals that Banq listed approximately $17.725 million in assets and around $5.4 billion in liabilities. Banq’s Bankruptcy Filing Exposes [...]
The post Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection appeared first on Crypto Breaking News.
BPCEs crypto subsidiary, Hexarq, is the second banking crypto outfit to receive a nod from French regulator AMF after Société Générales Forge.
The transaction involved tokenized bonds issued on the Ethereum blockchain as collateral in exchange for CBDC issued by the Banque de France.
The MAS and BDF experimented with post-quantum email security as a first step in securing payment networks.
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