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MCADE03

15 Jun 23

Prime Trust subsidiary files for bankruptcy in the US

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada, shortly after BitGo signed a letter of intent to purchase Prime Trust’s parent company. Banq files for bankruptcy with $5 […]

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10 Jun 23

TrueUSD pauses minting of TUSD via Prime Trust, stablecoin briefly depegs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied TrueUSD (TUSD) has halted the minting of TUSD stablecoin tokens via fintech infrastructure provider, Prime Trust, causing a brief depegging. TrueUSD pauses minting of TUSD on Prime Trust In a June 10 post on its verified Twitter account, TrueUSD informed its […]

Hong Kong02 1

26 May 23

Ledger CEO explains the company’s path to regain user trust

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent blog post, Pascal Gauthier, Chairman and CEO of Ledger, addressed concerns over the company’s new product, Ledger Recover. The announcement of this product, provided by Coincover, was met with confusion and surprise, prompting Gauthier to clarify its purpose […]

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09 May 23

Grayscale launches Funds Trust, files for three new crypto ETFs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a move that underscores its commitment to expanding global asset management capabilities, Grayscale Investments has announced the formation of Grayscale Funds Trust and filing for three new exchange-traded funds. Grayscale Investments, a crypto digital asset manager, has announced the establishment […]

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03 May 23

Here’s how centralized exchanges can earn customer trust

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In cryptocurrency trading, traders can either use decentralized or centralized exchanges. While decentralized exchanges (DEXs) are popular for allowing self-custody of funds, centralized exchanges (CEXs) are dominant and preferred by many. Despite their use, these platforms must employ measures to establish […]

crypto wallet storage

22 Apr 23

Trust Wallet lost $170,000 to hackers, to reimburse victims

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Trust Wallet, a popular crypto wallet owned by Binance, has disclosed a WebAssembly (WASM) vulnerability in its open-source library, Wallet Core, that affected some users. A security researcher reported the vulnerability through Trust Wallet’s bug bounty program in November 2022. According […]

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19 Apr 23

EU MiCA regulation seeks to restore trust in cryptos

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The European Union is set to vote on the Markets in Crypto Assets (MiCA) proposal, aiming to establish a legal framework that will regulate the cryptocurrency industry and rebuild trust after high-profile collapses. European Union legislators aim to conclude the cryptocurrency […]

17 Apr 23

Grayscale adds Solana Trust to OTC trading markets for investors

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Grayscale Investment, the world’s largest digital currency asset manager, has expanded its portfolio by launching Grayscale Solana Trust on OTC markets. The trust’s shares can now be traded under the symbol GSOL. The purpose of the trust is to provide investors […]

Trust Wallet Introduces2

21 Mar 23

Trust Wallet introduces tax tool for Coinpanda, Cointracker, and Koinly

Non-custodial crypto wallet Trust Wallet has partnered with Coinpanda, Koinly, and Cointracker to offer users a crypto tax reporting feature. Trust Wallet will be integrated into the three platforms to provide a cost-effective and convenient way to generate tax reports. This allows crypto users on decentralized and centralized platforms to comply with crypto tax regulations across several jurisdictions. The integration follows […]

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14 Mar 23

Biden urges US citizens to trust banks amid ongoing collapse

Following the Silicon Valley Bank collapse, US President Joe Biden sought to portray calm on March 13 by assuring US citizens that the country’s financial and banking systems are secure. In a move that has sent shockwaves throughout the banking industry, The Federal Deposit Insurance Corporation (FDIC) took possession of Silicon Valley Bank’s assets on […]

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