Metropolitan Commercial Bank – DIGIT INFO

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

DIGIT — Wed, 01 Feb 2023 01:45:03 +0000

The Amesbury, Massachusetts-based Bankprov, a subsidiary of Provident Bancorp, has announced that it will no longer provide loans secured by cryptocurrency mining rigs. In a filing with the U.S. Securities and Exchange Commission (EX-99.1), Bankprov stated that revenue from its digital asset loan portfolio will continue to decrease as the company has discontinued new loan […]

Go to Source

Voyager to Allow Cash Withdrawals for Customers With US Dollars Held in Accounts

DIGIT — Sat, 06 Aug 2022 19:30:26 +0000

Following the bankruptcy judge approving the release of $270 million in cash deposits, the crypto firm Voyager Digital has announced that it plans to open cash withdrawals starting on Thursday, August 11. After the cash withdrawal gates are open, Voyager customers can withdraw up to $100K in cash via an automated clearing house (ACH) transfer. […]

Go to Source

Bankrupt Crypto Firm Voyager Digital Approved to Release $270 Million in Cash Deposits

DIGIT — Fri, 05 Aug 2022 18:30:44 +0000

The now defunct and bankrupt Voyager Digital has been approved by the court to distribute $270 million in funds to creditors and affected customers. The news follows the Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board ordering Voyager to remove any statements that allege Voyager is FDIC insured. The U.S. Bankruptcy Court in […]

Go to Source

Voyager received better buy-out offers than FTX’s, set to return $270M to customers

DIGIT — Fri, 05 Aug 2022 01:35:28 +0000

The crypto lender will be allowed to return a portion of customer funds locked up at the Metropolitan Commercial Bank which have been frozen until now.

Go to Source

US Regulator Probes Bankrupt Crypto Lender Voyager Over Claims of FDIC Insurance

DIGIT — Sat, 09 Jul 2022 04:00:17 +0000

The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC insured.” Voyager Probed by FDIC The Federal Deposit Insurance Corporation (FDIC) is looking into Voyager […]

Go to Source

US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector

DIGIT — Fri, 31 Jan 2020 09:00:01 +0000

Financial results released by two U.S. banks providing services to the crypto industry have indicated a decline in deposits from digital currency customers. However, a positive trend has been observed as well. One of the crypto-friendly institutions, Silvergate Bank, has seen an increasing number of crypto clients throughout the year. Also read: Swiss Bank Julius […]

The post US Bank Silvergate Sees Growth in Crypto Clients, Despite Decreasing Deposits From the Sector appeared first on Bitcoin News.

Go to Source