The Eighth Judicial District Court of Nevada has accepted a petition from the Nevada Financial Institutions Division (NFID) to put cryptocurrency custodian, Prime Trust, into receivership, pending a hearing.
https://twitter.com/NevadaDBI/status/1681382351325253632
A July 14th court document from Nevada showed that a receiver for Prime Trust was
Alex Mashinsky, founder and ex-CEO of the now-bankrupt crypto lender, Celsius Network, was taken into custody and charged with fraud, as announced by a U.S. prosecutor in New York on July 13th. Additionally, three federal regulatory agencies launched lawsuits against both Mashinsky and his former company.
Mashinsky is facing
Block Inc., a payments firm, announced a gross profit of $1.87 billion in the second quarter of 2023, marking a 27% increase compared to the same period last year. Of its total Q2 net revenue of $5.5 billion, $2.4 billion came from Bitcoin, according to the company.
Block Inc., a payments firm, announced a gross profit of $1.87 billion in the second quarter of 2023, marking a 27% increase compared to the same period last year. Of its total Q2 net revenue of $5.5 billion, $2.4 billion came from Bitcoin, according to the company.
The Eighth Judicial District Court of Nevada has accepted a petition from the Nevada Financial Institutions Division (NFID) to put cryptocurrency custodian, Prime Trust, into receivership, pending a hearing.
https://twitter.com/NevadaDBI/status/1681382351325253632
A July 14th court document from Nevada showed that a receiver for Prime Trust was
Alex Mashinsky, founder and ex-CEO of the now-bankrupt crypto lender, Celsius Network, was taken into custody and charged with fraud, as announced by a U.S. prosecutor in New York on July 13th. Additionally, three federal regulatory agencies launched lawsuits against both Mashinsky and his former company.
Mashinsky is facing
The Wall Street Journal reports that the Securities and Exchange Commission (SEC) has expressed worries about the recent influx of spot Bitcoin exchange-traded funds (ETFs) applications, indicating that the submissions lack both clarity and thorough information.
Echoing BlackRock's strategy, a variety of asset managers such as Fidelity Investments,
In a recent wave of increasing institutional interest in Bitcoin, Fidelity Investments has resubmitted a spot Bitcoin ETF application. This step follows similar filings by various prominent financial entities.
On January 27th 2022, the SEC rejected Fidelity’s initial application for a Spot Bitcoin ETF after rejecting applications from First
After issuing a cease and desist order, the Financial Institutions Division of Nevada has once more taken action against the cryptocurrency custodian, Prime Trust. This time, they have sought to appoint a receiver.
A receivership is a court-appointed tool aiding creditors in retrieving defaulted funds and helping companies avoid bankruptcy,
HSBC, a premier financial institution in Hong Kong, has taken a substantial step by giving its customers the freedom to trade Bitcoin exchange-traded funds (ETFs).
This decision signifies a change in the attitude of conventional banks towards Bitcoin, considering that HSBC had previously demonstrated reluctance in embracing Bitcoin.
HSBC'
After an exhaustive two-year pursuit, CoinDesk has obtained documents related to Tether's reserves, following a Freedom of Information Law request filed in New York State. The result? It seems the pursuit might have been a wild goose chase, revealing no smoking guns and leaving many to wonder if
