#Banks and Fintech

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

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ForkLog 5 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 4 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 11 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 6 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 11 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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ForkLog 7 27.04.2023

Gemini chief criticises US authorities for double standards

Cameron Winklevoss, co-founder and chief executive of the Gemini cryptocurrency exchange, accused US regulators of hypocrisy during the First Republic Bank crisis.

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ForkLog 5 24.04.2023

Zimbabwe to launch gold-backed digital currency

The Reserve Bank of Zimbabwe (RBZ) plans to issue a gold-backed digital currency as legal tender to stabilise the economy.

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ForkLog 10 21.04.2023

Metropolitan Commercial Bank Nears Completion of Exit from the Crypto Industry

Metropolitan Commercial Bank is nearing the previously announced exit from the cryptocurrency market, the bank said in a filing to the SEC.

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ForkLog 10 20.04.2023

Regulator: Signature Bank collapse not linked to cryptocurrencies

A spokeswoman for the New York state banking regulator rejected the suggestion that Signature Bank collapsed due to ties to the crypto industry. The Block reports.

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ForkLog 9 17.04.2023

WSJ: Hong Kong banks start serving crypto companies

Hong Kong banks, including a unit of the state-owned Bank of Communications, have begun taking crypto companies as new clients, according to WSJ.

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ForkLog 9 12.04.2023

Hong Kong virtual bank ZA Bank to add cryptocurrency support

The largest virtual bank in Hong Kong, ZA Bank, will act as an intermediary for deposits and withdrawals from cryptocurrency trading platforms. Bloomberg reports, citing the bank's head Ronald Yu.

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