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Prime Trust, which provides custody services for cryptocurrencies, found itself on the verge of bankruptcy as it was unable to meet customer withdrawal requests due to a "lack of customer funds". A regulator from the Nevada Department of Business and Industry has ordered Prime Trust to stop violating state rules, Coindesk reports, citing documents.
Member of the Brazilian Chamber of Deputies, Alfredo Gaspar, who is on a parliamentary commission investigating pyramid schemes, is demanding that the head of Binance Brazil, Guilherme Haddad, be summoned to testify before the Brazilian parliament. According to Gaspard, pyramid schemes Ever Operations and Investments and Braiscompany used the Binance platform to move their assets. This investigation is taking place in Brazil and Haddad is being asked to testify.
JPMorgan is expanding its project to bring blockchain to traditional banking services and is starting to process payments in euros for corporate clients using the digital currency JPM Coin. Siemens has already made its first payment in euros on the bank's platform, according to Bloomberg.
Binance has hired former U.S. Department of Justice Attorney M. Kendall Day to represent the defendants in a lawsuit with the U.S. Securities and Exchange Commission (SEC). According to court documents, Day will act as a lawyer in this case, according to Bloomberg.
The exchange rate of the Pepe meme token (PEPE) increased by about 70% over the week from $0.000000942 to $0.000001585. According to CoinGecko, this “frog” cryptocurrency token has risen by more than 10% in the last 24 hours, and by 68% in a week.
