The crypto custodian’s bankruptcy comes as it’s been unable to honor customer withdrawals for months. Crypto custodian Prime Trust has filed for Chapter 11 Bankruptcy in Delaware after it faced a shortfall in customer funds. The company said in an Aug.15 filing that it has between 25,000 to 50,000 creditors with estimated liabilities between $100...Continue Reading

The pending Grayscale ruling could impact the race for an approved spot Bitcoin exchange-traded fund. Grayscale Investments, which has been seeking to convert its Bitcoin (BTC) trust into a spot Bitcoin exchange-traded fund, could be getting a decision on its lawsuit against the federal securities regulator before the week’s end. In an Aug. 11 tweet,...Continue Reading

The Web3 gaming company announced that its fully Ethereum-compatible network is now available for public testing. Web3 gaming platform Immutable has commenced public testing of its Immutable zkEVM in collaboration with Polygon Labs. Work on the zero-knowledge Ethereum virtual machine (zkEVM) network began in March after Immutable announced a partnership with Polygon Labs. Polygon’s own ‘holy...Continue Reading

Commodity tokenization would enable African countries — such as Ghana and Botswana — an opportunity to empower themselves without relying on international aid. In my youth, amid Ghana’s cocoa farms, I walked with my grandfather, a soldier turned farmer. He shared how these beans fueled our nation’s pride and economy. As the digital age unfurls,...Continue Reading

The settlement was reached in July and, if the customers agree, it will go before the court for approval in October. Bankrupt crypto lender Celsius can start sending out ballots to its customers for a vote on a proposed settlement plan that would see a consortium called Fahrenheit buy Celsius’ assets and launch a new...Continue Reading