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 […]

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings FTX debtors have filed a motion with the court requesting to dismiss its Turkish subsidiaries from the Chapter 11 bankruptcy proceedings. The defunct crypto exchange’s lawyers believe dismissing the entities “is in the best interests” of creditors, and FTX debtors do not believe […]

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital

Alameda Research Seeks $446 Million Over Alleged ‘Preferential Transfers’ to Voyager Digital On Monday, Alameda Research Ltd. filed a legal complaint against Voyager Digital LLC and HTC Trading Inc. in the U.S. bankruptcy court. The complaint alleges the defendants received preferential transfers of property from Alameda Research and the plaintiffs are seeking to recover approximately […]

Red Pill Studio Announces Private Round for TrainCraft Game

Red Pill Studio Announces Private Round for TrainCraft Game press release PRESS RELEASE. Following the positive reception of the in-development Metaverse game Chimeras, RedPill Studio has announced a private funding round for an up-and-coming game TrainCraft. A total of $2,490,000 is sought in this initial round. 31st January 2023, Mahe, Seychelles – Experienced blockchain development […]

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