#Banks and Fintech

The spread and regulation of cryptocurrencies and blockchain technology in the banking industry and fintech applications.

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ForkLog 21 24.05.2023

BNY Mellon plans to embed digital assets in every line of business

Over the next 12 to 18 months, all divisions of the financial holding company BNY Mellon will expand their digital assets product lineup, according to CEO Roman Regelman.

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ForkLog 7 19.05.2023

BitPay reveals details of its operations amid banking turbulence

The BitPay processing service will suspend the BitPay Card program for several months to search for a new banking partner. The move followed the termination of its agreement with Metropolitan Commercial Bank.

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ForkLog 8 19.05.2023

Bittrex CEO Predicts Timeline for Cryptocurrency Integration into TradFi

In five to ten years, crypto conferences like Bitcoin Miami will no longer exist, as digital assets will become part of TradFi. This was stated by Bittrex's CEO Oliver Lynch, according to Cointelegraph.

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ForkLog 17 18.05.2023

Binance Australia suspends AUD deposits

The Australian unit of the Binance bitcoin exchange said it would suspend deposits in Australian dollars due to actions by its payment service provider.

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ForkLog 9 15.05.2023

Zimbabwe sells gold-backed digital tokens worth $39 million

On 12 May, the Reserve Bank of Zimbabwe (RBZ) announced 135 applications totalling 14.07 billion ZWD (~$39 million) for the purchase of gold-backed digital assets.

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ForkLog 10 10.05.2023

Unstoppable Finance to launch Europe’s first DeFi bank

German startup Unstoppable Finance announced the launch of Europe’s first fully regulated DeFi bank and stablecoin.

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ForkLog 6 05.05.2023

Zimbabwean authorities set price for gold-backed tokens

The RBZ designated the minimum purchase price for gold-backed digital assets — $10 for individuals and $5,000 for corporates.

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ForkLog 7 04.05.2023

Trader Urges Pulling Money From Banks and Putting It Into Gold and Bitcoin

Founder of trading platform Eight Michaël van de Poppe urged market participants to 'take' money out of banks.

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ForkLog 14 04.05.2023

Bitcoin tops $29,000 after PacWest bank troubles data

In after-hours trading on May 3, PacWest Bancorp shares tumbled 52.5% after Bloomberg reports that it was weighing a potential sale or capital raise. Bitcoin, for its part, erased its losses after the Fed meeting.

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ForkLog 6 01.05.2023

Cryptocurrency to outpace other assets amid banking crisis, says former Goldman Sachs executive

Amid the ongoing devaluation of fiat and the prolonged banking crisis, cryptocurrency will outperform other asset classes, according to former Goldman Sachs executive and macro investor Raoul Pal.

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ForkLog 10 30.04.2023

FDIC targets Cross River Bank over ‘unsafe’ banking practices

FDIC demanded that the crypto-friendly Cross River Bank “self-correct” and address deficiencies related to its lending activities.

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ForkLog 13 28.04.2023

Hong Kong authorities urge banks to service licensed crypto firms

Banks should support regulated digital-asset-related companies in meeting their banking-service needs.

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