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Prime Trust

Bitcoin Trades at a Discount on Binance.US: Kaiko; BitGo Cancels Acquisition of Prime Trust
Video
Bitgo
Bitcoin Trades at a Discount on Binance.US: Kaiko; BitGo Cancels Acquisition of Prime Trust
"CoinDesk Daily" host Jennifer Sanasie gives an update on some of the stories making headlines in the world of crypto. Bitcoin is currently trading at a discount on crypto exc...
Bitcoin Trades at a Discount on Binance.US: Kaiko; BitGo Cancels Acquisition of Prime Trust
By CoinDesk Staff
Jun 22, 2023 at 6:52 p.m. UTC
Jun 22, 2023
BitGocdtvMastercardKaikoPrime TrustCd daily
Crypto Custody Firm BitGo Withdraws Acquisition of Rival Prime Trust
Video
Bitgo
Crypto Custody Firm BitGo Withdraws Acquisition of Rival Prime Trust
Cryptocurrency custodian BitGo terminated its acquisition of rival Prime Trust after earlier this month reaching a preliminary agreement to acquire the firm for an undisclosed...
Crypto Custody Firm BitGo Withdraws Acquisition of Rival Prime Trust
By CoinDesk Staff
Jun 22, 2023 at 5:53 p.m. UTC
Jun 22, 2023
BitGocdtvHash clipPrime Trust
Prime Trust (edited by CoinDesk)
Finance
On-chain data
TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
Traders are still making multi-million dollar bets on a depeg, however.
Prime Trust (edited by CoinDesk)
By Danny Nelson
Jun 22, 2023 at 4:37 p.m. UTC
Jun 22, 2023
On-chain DataTUSDPrime Trust
BitGo CEO Mike Belshe. (Shutterstock/CoinDesk)
Finance
Bitgo
Crypto Custody Firm BitGo Cancels Acquisition of Rival Prime Trust
Prime Trust has been losing clients and deposits to competitors for weeks amid mounting concerns over its business, a source at one former client told CoinDesk.
BitGo CEO Mike Belshe. (Shutterstock/CoinDesk)
By Jamie CrawleyDanny Nelson
Jun 22, 2023 at 1:59 p.m. UTC
Jun 22, 2023
BitGoPrime TrustAcquisitionsCustodianstop news
Court (Tingey Injury Law Firm/ Unsplash)
Finance
Prime trust
Crypto Payment Processor Banq Files for Bankruptcy
Bankruptcy filing comes as TrueUSD stops redemptions and Haru Invest ceases operations citing problems with an unnamed partner.
Court (Tingey Injury Law Firm/ Unsplash)
By Sam Reynolds
Jun 14, 2023 at 6:17 a.m. UTC
Jun 14, 2023
Prime TrustCelsiusBankruptcy
Strike CEO Jack Mallers speaking at the Bitcoin 2023 conference in Miami Beach, Florida. (Frederick Munawa)
Technology
Bitcoin
Bitcoin Payments Firm Strike Moves Custody In-House After Ditching Third-Party Services
The move is a “culmination of over two years of effort,” according to Strike CEO and cofounder Jack Mallers.
Strike CEO Jack Mallers speaking at the Bitcoin 2023 conference in Miami Beach, Florida. (Frederick Munawa)
By Frederick Munawa
Jun 9, 2023 at 6:18 p.m. UTC
Jun 9, 2023
BitcoinJack MallersStrikeCustody ServicesPrime Trust
BitGo CEO Mike Belshe at Consensus 2023. (Shutterstock/CoinDesk)
Finance
Exclusive
Crypto Custody Firm BitGo Reaches Preliminary Agreement to Buy Prime Trust: Sources
The financial terms of the deal were not disclosed by the source.
BitGo CEO Mike Belshe at Consensus 2023. (Shutterstock/CoinDesk)
By Ian Allison
Jun 8, 2023 at 7:24 p.m. UTC
Jun 8, 2023
Exclusive BitGoPrime TrustCustodians
Stably USD (Stably)
Finance
Stablecoin
Bitcoin's Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin
Bitcoin’s quickly maturing ordinals scene has come a long way since January.
Stably USD (Stably)
By Danny Nelson
May 25, 2023 at 1:00 p.m. UTC
May 25, 2023
StablecoinOrdinalsBitcoinPrime Trust
(Prime Trust, modified by CoinDesk)
Finance
Prime trust
Crypto Services Company Prime Trust Lays Off One-Third of Staff
The cost-cutting measure comes after a rocky start to 2023 for the Las Vegas-based company.
(Prime Trust, modified by CoinDesk)
By Danny NelsonCheyenne Ligon
Jan 30, 2023 at 10:45 p.m. UTC
Jan 30, 2023
Prime TrustLayoffsExclusive
Prime Trust Consensus Booth (Prime Trust)
Policy
Prime trust
Crypto Custodian Prime Trust to Cease Operations in Texas at End of January
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."
Prime Trust Consensus Booth (Prime Trust)
By Frederick Munawa
Jan 27, 2023 at 5:48 p.m. UTC
Jan 27, 2023
Prime TrustCustody ServicesMoney TransmittersTexasBitcoin