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Digital Currency Group Searches For A Lifeline As SVB And Crypto-Friendly Banks Collapse
Tuesday, March 14, 2023 - 12:07pm | 436Prominent crypto conglomerate Digital Currency Group (DCG) is seeking to secure new banking partners for its portfolio companies in the aftermath of the recent collapses of Silicon Valley Bank (NASDAQ: SIVB), Signature Bank, and Silvergate Capital Corp (NYSE: SI). Coindesk reported that...
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Crypto-Friendly BankProv Halts Loans Secured By Mining Machines
Tuesday, January 31, 2023 - 2:21pm | 358Massachusetts-based BankProv announced it would no longer offer loans collateralized with crypto mining machines. What Happened: In a Tuesday filing with the SEC, the bank's holding company, Provident Bank, stated the bank's portfolio of digital-asset loans had declined by 50...