Prime Trust, LLC, a prominent player in digital asset custody, has filed voluntary petitions for Chapter 11 bankruptcy. According to a report released by the company on Aug. 14, the proceedings are expected to provide a “transparent and value-maximizing process for the benefit of its clients and stakeholders.” The Nevada-based company is known for its The post Up to $500M in liabilities as crypto custodian Prime Trust files Chapter 11 bankruptcy appeared first on CryptoSlate.

Hut 8 Mining Corp, the U.S. digital asset mining company, has released its financial results for Q2 2023, ending on June 30. The disclosed statistics present a challenging quarter for the corporation, marked by decreased mining output and a notable fall in revenue. Hut 8’s revenue experienced a decrease of $24.6 million, falling to $19.2 The post Hut 8 grapples with revenue fall, Bitcoin mining output in challenging Q2 2023 appeared first on CryptoSlate.

Former U.S. President Donald Trump, well-known for his skepticism towards cryptocurrencies, has been revealed to hold between $250,001 and $500,000 in an Ethereum (ETH) wallet, according to his financial disclosure form filed in April 2023. The wallet’s contents remain undisclosed, leaving the potential for it to encompass Ethereum, ERC20 tokens, or potentially NFTs. The news The post Op-ed: Is Trump’s $500k crypto wallet just his own NFT trading card collection? appeared first on CryptoSlate.

According to former SEC attorney John Reed Stark the current SEC, under the chairmanship of Gary Gensler, is unlikely to approve a Bitcoin spot ETF application centering on significant regulatory concerns, including the ability to prevent fraud and protect investors. The SEC crypto divide. Interestingly, Stark believes the issue of crypto regulation has evolved into The post SEC partisan divide could alter Bitcoin ETF approval odds, former SEC attorney predicted appeared first on CryptoSlate.

On blockchain networks like Ethereum, decentralized validation underpins the entire ecosystem. Yet paradoxically, the highly-technical process of constructing the blocks that store transactions may be quietly accruing influence in the hands of just a few. According to an analysis by Ethereum researcher Thomas Thiery, block building has evolved into a high-stakes strategic arena. Specialized builders The post Ethereum MEV incentives limit decentralization new report shows appeared first on CryptoSlate.