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Cryptocurrencies: 30360
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Cryptocurrencies: 30360
Markets: 109342
Market Cap: $2,684,861,644,432     
24h Vol: $85,802,914,411
Cryptela — Cryptocurrency News and Market Intelligence
Bitcoin.com 2023-01-31 19:30:22

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

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