Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
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The company filed for bankruptcy in August.
The recent decline in the ETH/BTC ratio continues a trend that began more than a year ago.
The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell’s press conference for clues about the direction of future policy.
The U.S. Securities and Exchange Commission (SEC) isn’t done chasing down crypto exchanges and decentralized finance (DeFi) projects it sees as violating securities laws in the same vein as Coinbase Inc. (COIN) and Binance, said David Hirsch, head of the agency’s Crypto Assets and Cyber Unit.
CEO Brian Armstrong posted 10 crypto startup ideas to Twitter he wishes someone would build. Why not Coinbase? (Coinbase, modified by CoinDesk)
The leaders of the Senate Finance Committee, Sens. Ron Wyden (D-Ore.) and Mike Crapo (R-Idaho) published an open letter in July asking the crypto industry to weigh in on crypto tax issues, including loans, staking, mining, constructive sales and wash trading. These comments were due earlier this month.
As legal challenges against Binance mount, the average spot BTC trading volume on the platform has decreased 57% since Sep. 1