Prime Trust

Investors disillusioned with High Times initiated a class action lawsuit at the end of June, targeting the magazine known for its storied legacy in cannabis culture but now in receivership. Amid ongoing financial hurdles, the claimants, led by Mark C. Donius and Jill L. Donius, seek restitution for...

BitGo Inc. announced a successful fundraising round, securing $100 million and elevating its valuation to $1.75 billion. BitGo specializes in safeguarding crypto assets, often using physical vaults to protect private keys, Bloomberg reported. The U.S.-based cryptocurrency custody firm currently...

Crypto custodian Prime Trust may be under scrutiny, but the broader digital-asset market appears to be in a recovery phase and is poised for growth in the coming years, observers say. What Happened: Nevada's Department of Business and Industry declared Prime Trust "critically deficient...

Cryptocurrency custody firm BitGo announced on Twitter the termination of its intended acquisition of Prime Trust. The decision was reached after thorough evaluation and efforts to establish a feasible partnership.  “After considerable effort and work to find a path forward with Prime...

Galaxy Digital Holdings (OTC: BRPHF), led by Mike Novogratz, has triumphed in a legal battle against BitGo over the latter’s $1.2 billion acquisition deal that never materialized.  Quoting a document from the Delaware Chancery Court dated June 9, Bloomberg reported that Galaxy...

Benzinga, a media and data provider bridging the gap between retail and institutional investors, is bringing back its annual Global Fintech Awards event to New York City on Dec. 8, 2022. Ahead of this recognition of disruptive innovators in finance and technology, Benzinga will periodically publish...

Earlier this week, Money20/20’s latest in-person conference was held October 24-27, 2021 at The Venetian Resort in Las Vegas, Nevada. Amidst all the recognition and networking, Benzinga had the opportunity to speak with Prime Trust CFO Rodrigo Vicuna and CEO Tom Pageler. Here’s the...

Beaxy, a next-generation digital asset exchange, partnered with Prime Trust, allowing users the ability to use bank wires to move their fiat directly into the exchange for the purchase of cryptocurrencies. What Happened? Beaxy is a holistic way to trade cryptocurrencies. The firm’s core...