BankProv

Prominent 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...

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...