Tag: BitGo

Why this matters now: Stablecoin giant Tether says Anchorage Digital Bank, N.A will issue its new U.S.-regulated, GENIUS-compliant stablecoin USA₮. — the only U.S. national (OCC-chartered) crypto bank. This positions Anchorage at the center of on-shore stablecoin issuance just as U.S. policy (GENIUS Act) and institutional demand converge.

Cryptocurrency custodian BitGo is exploring an initial public offering (IPO) potentially slated for the second half of 2025, signaling a significant move in the evolving digital asset landscape. This development comes as the crypto industry experiences a surge in public listing interest, driven by favorable market conditions and regulatory optimism.

The Nevada regulator has ordered Prime Trust to cease its operations following its inability to fulfill customer withdrawal requests. The decision came shortly after BitGo, a rival company, announced its decision to abandon its plans to acquire Prime Trust. The Nevada Financial Institutions Division released an order on its website, stating that Prime Trust's financial condition had significantly deteriorated to a critically deficient level.

In our morning email check, we found some that lead us to fraudulent campaigns again. Among them is an email from [email protected] that leads us to the BigTopChannel website with the promise of quick money-making, where numerous fraudulent campaigns are running. Today we landed at The Crypto Genius campaign. After registering, we were redirected to the payment page of the PandaTS white-label scam AnalystQue. Stay far away from this scam and the facilitating fraud campaigns.