Nevada Court Orders Prime Trust Into Temporary Receivership
Nevada courts have ordered Prime Trust, a prominent crypto custodian now facing financial troubles, into temporary receivership on July 18. Prime Trust, a once-thriving custody company for digital assets, has been formally declared under receivership by Nevada authorities. Companies that are bankrupt or almost insolvent are placed in receivership mode to allow for the organization’s […]
Manta Network Developer p0x Labs Raises $25m Series A
P0x Labs, the cryptographic development team building Manta Network, announced its $25 million Series A. With major contributions from Polychain Capital and Qiming Venture Partners, P0x Labs, the cryptographic development team behind Manta Network, has announced that it has raised $25 million in a Series A fundraising round. The funding increases the company’s valuation to […]
Societe Generale Obtains France’s First Crypto Licence
French bank Societe Generale has become France’s first company to obtain a crypto services license. The provider will be granted the right to custody of the digital assets and the ability to buy, sell, and exchange them for real money. On July 19, the Autorité des Marchés Financiers (AMF), France’s stock market regulator, updated its […]
Oasis Introduces Privacy Blockchain Sapphire
Oasis has introduced Sapphire, a private blockchain compatible with the Ethereum Virtual Machine. According to the company, it will give decentralized applications (DApps) access to more advanced privacy capabilities. With the launch of Sapphire and the Oasis Privacy Layer (OPL), current DApps on EVM networks may now utilize the privacy-first capabilities of the blockchain without […]
Nasdaq Pauses Plans to Launch Crypto Custody Services
CEO Adena Friedman said that Nasdaq is pausing its plans to release a crypto custody business on the company’s earnings call. According to CEO Adena Friedman , the debut has been postponed due to regulatory concerns in the United States. Friedman said, “We have decided to halt our launch of the U.S. digital assets custodian […]