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.

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

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 “temporarily pause” certain services and operations. According to reports, the bitcoin payments platform, Strike, is also encountering difficulties and has

The post Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns appeared first on BTC Ethereum Crypto Currency Blog.

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Prime Trust’s financials ‘considerably deteriorated,’ says Nevada regulator

Prime Trust’s financial condition is “critically deficient” and the crypto custodian is unable to honor customer withdrawals according to a cease and desist from Nevada’s business regulator. In a June 21 order, the Nevada, Department of Business and Industry claimed Prime Trust’s financial condition “considerably deteriorated” and the firm is now in an “unsafe or [...]

The post Prime Trust’s financials ‘considerably deteriorated,’ says Nevada regulator appeared first on Crypto Breaking News.

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Top 10 U.S. States That Are Most Interested in Cryptocurrency

The United States ranks first among the world's most powerful countries, implying that the acceptance of cryptocurrencies in the country will not only benefit the citizens but will also stimulate global adoption.

Continue reading Top 10 U.S. States That Are Most Interested in Cryptocurrency at DailyCoin.com.

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

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.

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Marathon shareholders file lawsuit against company’s top management

United States-based crypto mining company Marathon Digital is heading to court after its shareholders alleged that its CEO Fred Thiel, alongside other top executives, breached fiduciary duties, unjustly enriched themselves and wasted corporate assets. A shareholder complaint against Fred Thiel and nine other Marathon executives was filed in the United States District Court for the [...]

The post Marathon shareholders file lawsuit against company’s top management appeared first on Crypto Breaking News.

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Breaking NEWS: Elon Musks X Secures Money Transmitter License DOGE Price To Explode?

As the X explores the addition of payment features, will DOGE Price explode? Let's take a look at this in more detail.

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