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Thiel Joins Luckey & Lonsdale To Launch New Bank Aimed At Filling SVB Void For Stablecoins, AI, Defense & Advanced Manufacturing
Read with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.7 Articles
7 Articles
Erebor Bank: New Crypto and Startup Bank Backed by Tech Giants
A fresh banking venture is taking shape in Silicon Valley. This time, it’s coming from some of the most recognizable names in tech. Palmer Luckey, Peter Thiel, and Joe Lonsdale are backing Erebor Bank, a new institution aimed at serving crypto firms, AI startups, defense tech, and advanced manufacturing, the types of companies that were left in limbo after the collapse of Silicon Valley Bank in 2023. Filling SVB’s Gap Before its downfall, SVB pl…
Anduril CHIEF EXECUTIVE OFFICER Palmer Luckey's brand-new digital monetary start-up readied to be valued at $2 billion, sources declare
Getty Images/Patrick T. Fallon Palmer Luckey is introducing an extra start-up with a “Lord of the Rings”- influenced title. It at present has a considerable worth. Silicon Valley Bank, is rising on the very least $225 million at a $2 billion analysis, in keeping with people conscious of the discount. Peter Thiel, and 8VC, led by different Palantir cofounder Joe Lonsdale, are shopping for the agency, people that weren’t accredited to speak overt…
New US bank backed by billionaires aims to fill crypto void left by SVB
A new bank backed by Anduril’s Palmer Luckey and 8VC’s Joe Lonsdale could become crypto’s next big lifeline in the U.S. following the fall of Silicon Valley Bank. A group of well-known tech investors is launching a new U.S. bank…
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