DeFi News Official Today TheBitTimes.com

Prime Trust and Fortress Trust, Scott Purcell’s two crypto custodians that previously boasted clients BinanceUS, Swan Bitcoin, Abra, and TrueUSD, have both collapsed after disturbing allegations of financial misconduct. On October 22, Nevada’s Financial Institutions Division revealed that several third-party businesses declined to follow through on acquisition offers or provide sufficient bridge financing for Fortress Trust, the successor to Purcell’s first failed attempt at crypto custody, Prime Trust. This month’s collapse of Fortress Trust is eerily similar to Purcell’s 2023 failure.  Prime Trust filed for Chapter 11 bankruptcy in August 2023 after its Banq subsidiary collapsed and Nevada’s Financial Institutions Division revealed that it had improperly utilized customers’ funds to cover others’ withdrawals. The former president of the Bank of Nevada had to step in as receiver . Regulators revealed Prime Trust’s staggering obligations as of June 26, 2023: $8...

Shiba Inu is trading at the $0.000010 level on Tuesday and is available at dirt-cheap prices for accumulation. SHIB is a low-hanging fruit that’s up for grabs, not burning a hole in investors’ pockets. Traders can accumulate millions of tokens in their portfolio at lower prices compared to other leading cryptocurrencies. Investors can accumulate 2 million Shiba Inu tokens for a mere $20 today. That’s as good as sipping up a latte or eating a slice of pizza during breaktime. You can invest the same money for your future and get SHIB in your bag. If the amount seems small, a $100 investment can get you to hold 10 million SHIB tokens. That’s a better number, as the more tokens you hold, the better chances you have to make bigger money. It would happen only if you hold on to the long term, as Shiba Inu is barely moving in price this year. The minimum holding period could be 10 years or more and needs tremendous patience. Also Read: Shiba Inu Deletes a Zero After SHIB...

JPYC, a fintech firm based in Tokyo, has launched Japan’s first yen-backed stablecoin as well as a platform to issue the new token. The stablecoin, with the ticker “JPYC,” went live today and is backed 1:1 by bank deposits and government bonds. It also has a 1:1 exchange rate with the yen, according to an announcement by the company. The stablecoin’s issuer said that it will not charge a transaction fee, and will instead generate revenue from interest on its holdings of the Japanese government bonds.  Businesses Show Interest In Integrating With JPYC Stablecoin Speaking at a recent press conference, JPYC President Noriyoshi Okabe said that his company’s stablecoin is a “major milestone in the history of the Japanese currency,” according to a report from Business Insider Japan.   ついに、日本円建初のステーブルコインJPY...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The Hong Kong Stock Exchange (HKEX) has rejected multiple attempts by listed companies to make crypto treasuries their core business. That’s according to a Bloomberg report that said Hong Kong Exchanges & Clearing Ltd. has challenged the plans of at least five such firms in recent months. The story cited sources familiar with the matter, who said tha t transitioning into a pure-play crypto accumulator is currently forbidden by the bourse.  Companies Are Prohibited From Having Large Liquid Holdings The exchange is blocking the applications as part of a rule that prohibits firms from holding large reserves of liquid assets, which is crypto in this case. The aim is to prevent the listing of shell companies that effectively use their status as a listed entity for money. The gigantic DAT bubble deflating quickly. Regulators' turn to prick that bubble. Previous posts on the issue:https://t.co/KrIeFcEy5jhttps://t.co/jKbaesjxlk "…In Hong Kong, if a publicly traded f...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...