Crypto Biz: Binance Connect goes dark, Prime Trust is bust and PayPal unveils Crypto Hub By Cointelegraph

It’s been another week of mixed developments in the crypto industry, with established players winding down operations while newcomers introduce new crypto features and services.

Binance’s buy-and-sell crypto arm was shut down on Aug.16, with the crypto exchange remaining under widespread regulatory scrutiny, affecting key partnerships for its operations worldwide. Crypto custodian Prime Trust filed for bankruptcy protection following months of uncertainty regarding the state of its finances.