subsidiary

Prime Trust subsidiary files for bankruptcy in the US

0xMain
June 15, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Banq, a subsidiary of the Nevada-based crypto custodian Prime Trust, has filed for bankruptcy in a US bankruptcy court in Nevada, shortly after BitGo signed a letter of intent...

DCG to cease operation of its institutional trading subsidiary

0xMain
May 26, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital Currency Group (DCG) is shutting down one of its subsidiaries offering trading services to institutional investors, with the venture capital conglomerate citing a tough regulatory environment along with...

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Standard Chartered’s crypto custody subsidiary Zodia raises $36m

0xMain
April 27, 2023

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Standard Chartered Bank’s crypto custody arm Zodia Custody Ltd., has closed a $36 million funding round led by SBI Holdings. The funding will enable Zodia to expand its geographical presence and add support for more crypto assets, including staked ether (ETH). At a...

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DCG’s mining subsidiary to introduce access fees

0xMain
April 7, 2023

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Bitcoin (BTC) mining pool Foundry USA has reportedly notified its users of its plans to introduce service access fees. Its parent firm, Digital Currency Group, is one of the entities hit hard by Sam Bankman-Fried’s FTX collapse. Foundry USA, a leading New York-based...