Crypto Custodian Prime Trust Warns It May Lay Off 62 Employees, Nevada Records Show
The company filed for bankruptcy in August.
Finance
German Finance Heavyweights Develop Fully-Insured Crypto Staking Offering, Plan 2024 Release
Boerse Stuttgart Digital, the crypto-focused arm of the Stuttgart Stock Exchange, has already obtained a digital asset custody license in Germany.
BitGo, Swan to Form Bitcoin-Only Trust Company
“It’s important to us to build a custodian without the risks of securing many altcoins within the same trust company as bitcoin,” Cory Klippsten, CEO of Swan, said.
Bitcoin Miner F2Pool Returns 19.8 BTC to Paxos After Overpaid Fee
Paxos paid $520,000 for a $2,000 bitcoin transaction earlier this week.
Binance.US Head of Legal and Chief Risk Officer Leaving the Crypto Exchange: WSJ
The departure comes just days after the crypto exchange lost its CEO Brian Shroder.
Genesis Has Ceased All Crypto Trading Services: Spokesperson
A Genesis booth at the FTX conference in the Bahamas (Danny Nelson/CoinDesk)
Crypto Exchange Bybit ‘Exploring All Options’ to Stay in UK: CEO
Companies like Luno and PayPal have halted certain crypto operations in the country in response to regulations set to take effect next month.
The Tokenization of Assets Is Underway
Today in Crypto for Advisors, Peter Gaffney from Security Token Advisors provides an overview of the current tokenization landscape, one that’s forecasted to reach $16 Trillion by just 2030.
Phishing Attack on Cloud Provider With Fortune 500 Clients Led to $15M Crypto Theft From Fortress Trust
A phishing attack on Retool led to the theft, which helped spur Fortress Trust’s agreement to sell itself to Ripple, sources said.
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs
Coinbase, best-known for being one of the largest crypto exchanges for retail customers, continued its expansion into the professional space with the introduction Tuesday of a Web3 wallet designed to help institutions get into NFTs and other corners of decentralized finance, or DeFi.