A group of tech billionaires, led by Palmer Luckey, co-founder of military contractor Anduril, is preparing to launch a new bank named Erebor, aimed at filling the gap left by Silicon Valley Bank (SVB) for start-ups, including those in the cryptocurrency sector. Backed by high-profile investors such as Peter Thiel’s Founders Fund and Joe Lonsdale […]
Source: https://news.bitcoin.com/palmer-luckey-and-peter-thiel-back-new-bank-erebor-to-fill-gap-left-by-silicon-valley-bank/