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Prime Trust CEO reveals $8M loss in Terra Stablecoin investment

In a positive development for search engines, the crypto custodian, which was placed into receivership in July, encou...

Custodying crypto is very difficult.

Prime Trust, the crypto custodian that is claimed to be insolvent and owes customers more than $156 million, is not c...

TrueUSD stablecoin has $26k funds at a US depository that has halted withdrawals, according to a reserve report.

The organization that created the stablecoin stated recently that they do not have any financial involvement with Pri...

BitGo considers other acquisitions after abandoning Prime Trust deal.

After cancelling the Prime Trust agreement, BitGo's CEO Mike Belshe stated that there are a number of other acquisiti...

BitGo cancels Prime Trust acquisition, uncertainty returns.

The initial agreement to acquire Prime Trust has failed, causing a significant amount of uncertainty about the compan...

BitGo cancels Prime Trust acquisition.

According to a source from one of Prime Trust's former clients, the company has been experiencing a loss of clients a...

Banq, a unit of Prime Trust, files for bankruptcy.

The company has filed for bankruptcy, which coincides with the suspension of redemptions for TrueUSD and the closure ...

TrueUSD loses dollar peg after minting suspension with Prime Trust.

TrueUSD, a stablecoin that is backed by fiat currency, has lost its value in relation to the US dollar. This happened...

Strike brings custody in-house, drops third-party services.

The statement means that the move is the result of more than two years of effort, as stated by Jack Mallers, the CEO ...

Bitcoin is getting a stablecoin backed by the dollar for its economy

Bitcoin's rapidly developing derivatives market has made significant progress since January