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Prime Trust

Prime Trust CEO Tom Pageler. (Prime Trust)
Consensus Magazine
Opinion
Apparently It's Very Difficult to Custody Crypto
Prime Trust, the allegedly insolvent crypto custodian that owes customers upwards of $156 million, is not helping the crypto industry's shady mainstream reputation.
Prime Trust CEO Tom Pageler. (Prime Trust)
By George Kaloudis
Jun 29, 2023 at 3:22 p.m. UTC
Jun 29, 2023
OpinionThe NodeNewslettersBitGoPrime TrustNevadaCustody
Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
Video
Nikhilesh de
Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
Nevada's Financial Institutions Division announced on Tuesday that the regulator has filed to take over crypto custodian Prime Trust and freeze all of its businesses, just day...
Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
By CoinDesk Staff
Jun 28, 2023 at 5:14 p.m. UTC
Jun 28, 2023
Nikhilesh DecdtvFM Clipcrypto regulationPrime TrustNik DeStateCrypto_SponsorNevada
(Unsplash)
Finance
Trueusd
TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
(Unsplash)
By Krisztian Sandor
Jun 27, 2023 at 6:44 p.m. UTC
Jun 27, 2023
TrueUSDTUSDStablecoinPrime Trust
Prime Trust Consensus Booth (Prime Trust)
Policy
Regulations
Nevada Files to Place Crypto Custodian Prime Trust Into Receivership
Nevada's Financial Institutions Division previously indicated that Prime Trust had a massive deficit on its books.
Prime Trust Consensus Booth (Prime Trust)
By Nikhilesh De
Jun 27, 2023 at 5:23 p.m. UTC
Jun 27, 2023
RegulationsPrime TrustNevada
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
Video
Mike belshe
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
"CoinDesk Daily" host Jennifer Sanasie takes a look at today's hottest headlines in the crypto industry. Digital asset investment products witnessed the largest single weekly...
Bitcoin Investment Sentiment Turns Bullish; Hut 8 Secures Up to $50M in Loans From Coinbase
By CoinDesk Staff
Jun 26, 2023 at 7:09 p.m. UTC
Jun 26, 2023
Mike BelsheBitGocdtvWeb3Prime TrustNear foundationHut 8 MiningAlibaba CloudCd daily
BitGo CEO on Terminating Prime Trust Acquisition
Video
Mike belshe
BitGo CEO on Terminating Prime Trust Acquisition
BitGo CEO Mike Belshe joins "First Mover" to address why the custodian terminated its acquisition of rival Prime Trust after reaching a preliminary agreement to acquire the fi...
BitGo CEO on Terminating Prime Trust Acquisition
By CoinDesk Staff
Jun 26, 2023 at 2:50 p.m. UTC
Jun 26, 2023
Mike BelsheBitGocdtvFM ClipPrime Trust
BitGo CEO Mike Belshe Reveals Plans for Future Acquisitions Amid Market Consolidation
Video
Mike belshe
BitGo CEO Mike Belshe Reveals Plans for Future Acquisitions Amid Market Consolidation
BitGo CEO Mike Belshe told First Mover "we've got some pending" acquisitions and foresees "consolidation in the space over the next six months" after abandoning its takeover o...
BitGo CEO Mike Belshe Reveals Plans for Future Acquisitions Amid Market Consolidation
By CoinDesk Staff
Jun 26, 2023 at 2:37 p.m. UTC
Jun 26, 2023
Mike BelsheBitGocdtvFM ClipPrime TrustSocial_Clip
BitGo CEO Mike Belshe. (Shutterstock/CoinDesk)
Finance
Bitgo
BitGo Still Sees Consolidation in Crypto Custody After Spurning Prime Trust: CEO
CEO Mike Belshe said the firm has other acquisitions pending.
BitGo CEO Mike Belshe. (Shutterstock/CoinDesk)
By Jamie Crawley
Jun 26, 2023 at 1:23 p.m. UTC
Jun 26, 2023
BitGoPrime TrustCustodyAcquisitions
Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds'
Video
Nikhilesh de
Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds'
Crypto custody firm Prime Trust has "a shortfall in customer funds" and was unable to meet all withdrawal requests this month, the Nevada Department of Business and Industry s...
Nevada Regulator Says Prime Trust Has 'Shortfall of Customer Funds'
By CoinDesk Staff
Jun 23, 2023 at 3:13 p.m. UTC
Jun 23, 2023
Nikhilesh DecdtvFM ClipPrime TrustNik DeNevada
Prime Trust Consensus Booth (Prime Trust)
Policy
Regulations
Prime Trust Has 'Shortfall of Customer Funds,' Nevada Regulator Says
Nevada regulator alleged that Prime Trust was unable to meet customer withdrawals as recently as yesterday.
Prime Trust Consensus Booth (Prime Trust)
By Nikhilesh De
Jun 22, 2023 at 9:06 p.m. UTC
Jun 22, 2023
RegulationsPrime TrustNevada