Search results for Erebor
Crypto
U.S. OCC reaffirms push to expand new bank charters, quickening crypto firms\' entry
The U.S. Office of the Comptroller of the Currency has reaffirmed its policy of promoting de novo bank charters, accelerating crypto firms’ entry into the federal banking system. Ripple, Circle, Crypto.com and Paxos have received conditional approvals linked to national trust bank charters, while Coinbase’s application is under review. Traditional banking groups have urged the OCC to reject or slow such applications, citing risk management, internal controls and governance concerns.
Crypto
Erebor bank talks new funding at $8 billion valuation
Crypto and defence-focused bank Erebor is discussing raising new funds at a valuation of at least $8 billion, Bloomberg News reported on July 2, citing sources familiar with the matter. If the deal is completed, Erebor’s valuation would nearly double from $4.35 billion recognised when it raised $350 million in December last year. The talks are at an early stage and the exact valuation is still being negotiated, the sources said.
Crypto
Crypto-focused Erebor wins first new bank approval of Trump\'s second term
A new U.S. bank has been approved for the first time in President Donald Trump\'s second term, with crypto-focused startup Erebor authorised to operate nationwide, Cointelegraph reported, citing the Wall Street Journal. Erebor has about $635 million in capital and plans to target startups, venture firms and wealthy clients. It plans specialised lending for advanced technology companies and a blockchain-based, 24-hour payments network.