Blue Ridge to offer Bitcoin ATMs; regulators eyeing payment for order flow

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Blue Ridge Bankshares' trading briefly halted following Bitcoin announcement

Following its announcement that Blue Ridge Bank NA will soon offer access to Bitcoin at its ATM locations, Blue Ridge Bankshares Inc.'s stock soared and prompted the New York Stock Exchange to halt trading for five minutes.

Regulators zero in on payment for order flow in GameStop aftermath

Wall Street is facing renewed skepticism from Washington, D.C., in the wake of the GameStop Corp. saga over the practice of payment for order flow, which has become a key revenue source for some retail brokerages.

Virtu CEO blasts New York's proposed stock transfer tax as 'foolish'

Virtu Financial Inc. CEO Doug Cifu is threatening a move out of New York if state lawmakers in Albany move forward with a proposed stock-transfer tax.

Loan growth weakness persists in January for US banks

Lower credit loss provisions drive increased profitability at US banks

More highlights

* Boston-based Bain Capital Specialty Finance Inc. and San Francisco-based Pantheon Ventures (US) LP's private credit business formed a joint venture called the International Senior Loan Program LLC.

* After two relatively quiet sessions this week, the high-yield new-issue engine roared to full throttle yesterday, with the $8 billion going in the books Feb. 10 representing the 10th largest daily haul on record.

Chart of the day

For years, only a small number of banks and credit unions have been willing to offer their services to the cannabis industry, giving its cash-laden businesses a place to safely deposit their money without fear of a robbery. But the number of institutions willing to do so appears to be growing. And now, those early adopters are moving beyond deposit services and slowly starting to offer loans to the cannabis industry — which has struggled to get access to credit even as more states legalize the drug.

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