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Ripple Acquires Crypto Financial Services Company Fortress Trust
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto ...
Sep, 08, 2023
1 min read
by Bitcoin News
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, a...
Aug, 25, 2023
2 min read
by Bitcoin News
Nevada’s Financial Watchdog Seeks Receivership of Crypto Custodian Prime Trust Amidst Insolvency Concerns
In a recent submission to the Eighth Judicial District Court in Las Vegas, the Nevada Financial Institutions Division has expressed its intention t...
Jun, 28, 2023
3 min read
by Bitcoin News
Prime Trust Faces Receivership As Nevada FID Seeks to Protect Consumers
The Nevada FID has filed a petition to put Prime Trust under receivership due to financial difficulties.
Jun, 27, 2023
2 min read
by CoinCu News
First Citizens Bank Acquires Silicon Valley Bank, Costing FDIC Deposit Insurance Fund an Estimated $20B
According to the Federal Deposit Insurance Corporation (FDIC), the troubled bank Silicon Valley Bank (SVB) was acquired by First Citizens Bank & Tr...
Mar, 27, 2023
3 min read
by Bitcoin News