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Mar 13 2023

Circle Partners With Cross River Bank, Handful of US ‘Crypto-Friendly’ Banks Remain; Okcoin Suspends USD Deposits

ACH banking partner banking partners Banking system Bankprov bridge banks Circle Financial Coinbase corporate funds Cross River Bank crypto industry crypto-friendly banks customer funds Customers Bank deposits Evolve Bank & Trust FDIC federal bailout First Foundation Bank Jeremy Allaire Joe Biden Larry Cermak nation new banking partners News OKCoin parity Quontic bank Reassurance scramble Signature Bank silicon valley bank Stablecoin Sutton Bank U.S. exchange U.S. Federal Reserve U.S. president US Dollar USD USDC wire transfers
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Circle Financial, the issuer of the stablecoin USDC, is partnering… More…

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Feb 01 2023

Crypto-friendly bank ends loans backed by crypto mining rigs

Bankprov Carol Huole Collateral Luxor Technologies mining rigs Provident Bancorp
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After a bullish 2021 crypto miners sought out loans to allow them to… More…

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Admin
Jan 31 2023

Massachusetts-Based Bankprov to End Loan Offerings Secured by Cryptocurrency Mining Rigs

Amesbury application-specific integrated circuit ASIC mining equipment B. Riley Bankprov bankruptcy protection bitcoin business relationships collateralized loans Compute North core scientific crypto assets crypto mining companies crypto winter cryptocurrency debt decline digital asset loan portfolio Discontinued Ethan Vera Executive Exposure financial institution financial strain Greenidge Generation Industry investment Loan Originations Loans Luxor Massachusetts Metropolitan Commercial Bank mining rigs News phased out Provident Bancorp reorganized repossessed restructuring revenue U.S. Securities and Exchange Commission undisclosed operations
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The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident… More…

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