The correct equation (in non-relativistic approximation) is
$$m \dot{\vec{v}}=-\frac{q}{c} \vec{B} \times \vec{v}.$$
Since the cross product with constant ##\vec{B}## describes an infinitesimal rotation, it's immediately clear that the particle moves on a circle.
The detailed calculation is as follows: Choose the reference frame such that ##\vec{B}=B \vec{e}_3##. Then the EoM reads in components
$$\dot{v}_1=\frac{q B}{mc} v_2=\omega v_2, \\
\dot{v}_2=-\frac{q B}{mc} B v_1=-\omega v_1, \\
\dot{v}_3=0.$$
This means that
$$v_3(t)=v_{30}=\text{const}.$$
To solve the other two equations, take the time derivative of the first equation and insert the 2nd equation:
$$\ddot{v}_1=-\omega^2 v_1$$
The general solution is
$$v_1(t)=C_1 \cos(\omega t) + C_2 \sin(\omega t).$$
From the 1st equation you get
$$v_2=\frac{1}{\omega} \dot{v}_1=-C_1 \sin(\omega t) + C_2 \cos(\omega t).$$
The initial condition in #1 can be used to orient the coordinate system such that ##\vec{v}_0=v_0 \vec{e}_1##, i.e., ##v_1(0)=v_0##, ##v_2(0)=0##, ##v_3(0)=v_{30}=0##. This gives
$$C_2=0, \quad C_1=v_0,$$
and thus
$$\vec{v}(t)=\begin{pmatrix} v_0 \cos(\omega t) \\ -v_0 \sin(\omega t) \\ 0 \end{pmatrix}.$$
Integrating once more
$$\vec{x}(t)=\vec{x}_0 + \frac{v_0}{\omega} \begin{pmatrix} \sin (\omega t) \\ \cos(\omega t) \\ 0 \end{pmatrix}.$$
This is indeed a circle (the particle running clockwise in the 12-plane if ##q>0## and thus ##\omega>0##). The radius of the circle is
$$R=\frac{v_0}{\omega}=\frac{m c v_0}{q B}.$$