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Crypto-Friendly BankProv Halts Loans Secured By Mining Machines
Tuesday, January 31, 2023 - 2:21pm | 358Read More...Massachusetts-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...
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Marathon Digital Looks Like It's Ready For Consolidation
Tuesday, September 7, 2021 - 3:58pm | 377Read More...Marathon Digital Holdings Inc. (NASDAQ: MARA) shares were trading lower Tuesday after the cryptocurrency market dropped lower. Ethereum (CRYPTO: ETH) and Bitcoin (CRYPTO: BTC) led the market, both dropping lower by a significant percentage. Marathon Digital was down 9.05% at $39.48 at last...
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Billionaire Ray Dalio Owns Bitcoin, Thinks It's Better Than Bonds
Monday, May 24, 2021 - 4:00pm | 254Read More...Ray Dalio — billionaire and one of the world's richest hedge fund managers — admitted he owns Bitcoin (CRYPTO: BTC). What Happened: Speaking at Coindesk's conference Consensus, Dalio said that he holds "some Bitcoin." He has not specified how much...
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Fintech Focus For April 23, 2021
Thursday, April 22, 2021 - 6:40pm | 1773Read More...Quote To Start The Day: You’ll never find a rainbow if you’re looking down. Source: Charlie Chaplin One Big Thing In Fintech: Ant Group, operator of popular Chinese mobile payment service Alipay, plans to slash its direct carbon emissions by nearly a third by 2025 as part of its...
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Bitcoin Bank Silvergate Capital Shares Are Up Over 1000% In A Year
Wednesday, February 24, 2021 - 10:48am | 439Read More...What Happened: Digital asset bank Silvergate Capital Corporation (NYSE: SI)’s shares are up 120% since January and over 1300% since it first went public in November 2019. The boom in crypto prices is largely believed to have influenced Silvergate’s shares to appreciate in...
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Fintech Focus For February 15, 2021
Monday, February 15, 2021 - 12:20am | 2274Read More...Quote To Start The Day: Do not confuse motion and progress. Source: Alfred A. Montapert One Big Thing In Fintech: More than 90M millennials will soon be in what Goldman Sachs calls their “prime spending years.” Millennials have overtaken the baby boomers to become the largest...
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Australian Securities Exchange Partners With VMware For Blockchain Tech
Tuesday, August 27, 2019 - 2:10pm | 236Read More...The Australian Securities Exchange (ASX) has partnered with VMware, Inc. (NYSE: VMW) in replacing its Clearing House Electronic Subregister System (CHESS) with another platform that is based on distributed ledger tech (DLT), according to ZDNet. This means that ASX will be working with two partners...
