Banks and Fintech | ForkLog

ForkLog 21 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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ForkLog 9 09.04.2023

WSJ: Binance.US seeks a new banking partner in the United States

The cryptocurrency exchange Binance.US is seeking a new banking partner in the United States. The firm is in talks with several lenders, but thus far has not succeeded, The Wall Street Journal reports.

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ForkLog 12 05.04.2023

Sygnum to help PostFinance launch Bitcoin trading

PostFinance, the government-owned lender, will offer clients trading and custody of digital assets. The initiative will be implemented in cooperation with the regulated cryptocurrency bank Sygnum.

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ForkLog 6 03.04.2023

UK banks tighten rules for crypto firms, reports say

UK-based crypto firms have been having trouble accessing banking services. According to Bloomberg sources, banks have been denying applications, freezing accounts, and requesting more information about client transactions.

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ForkLog 17 29.03.2023

FDIC gives Signature Bank clients a week to withdraw funds

FDIC told Signature Bank that clients with digital assets have until April 5 to close accounts and withdraw their funds. Reuters reports.

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ForkLog 27 27.03.2023

Bloomberg: Chinese banks eye servicing crypto firms based in Hong Kong

Several large Chinese banks have opened accounts or sent requests offering cooperation to crypto firms based in Hong Kong. Bloomberg reports citing informed sources.

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ForkLog 7 27.03.2023

First Citizens BancShares to acquire assets of Silicon Valley Bank

First Citizens BancShares will acquire SVB's assets valued at $72 billion with a discount of $16.5 billion. This follows from the purchase agreement, according to the Federal Deposit Insurance Corporation (FDIC), Bloomberg reports.

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ForkLog 6 24.03.2023

JPMorgan: US banking crisis opens opportunities for crypto exchanges

Turbulence in TradFi has created conditions for some Bitcoin exchanges to increase their market share by offering banking services to crypto-native firms and investors. Analysts at JPMorgan reached this conclusion, CoinDesk reports.

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ForkLog 24 24.03.2023

Tether says it has $1.66 billion in excess USDT reserves

Following the first quarter, Tether expects to report a net profit of $700 million, which would lift USDT's excess reserves to $1.66 billion. On CNBC, Paolo Ardoino, the company's Chief Technology Officer, said.

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ForkLog 18 21.03.2023

Justin Sun offers $1.5 billion for Credit Suisse

The founder of Tron Justin Sun is willing to pay $1.5 billion for one of Europe’s largest investment banks, Credit Suisse, to “integrate it into the Web3 world.”

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ForkLog 11 20.03.2023

Coinbase sees crypto prospects strengthening amid banking sector troubles

Medium- and long-term prospects for the cryptocurrency market have "significantly strengthened" following recent upheavals in the U.S. banking sector, according to Coinbase's report.

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ForkLog 15 20.03.2023

NYCB subsidiary Flagstar Bank buys part of Signature Bank; crypto deposits excluded from the deal

NYCB's subsidiary Flagstar Bank has become the buyer of Signature Bank's crypto-friendly assets valued at $38.4 billion. They include a loan portfolio of $12.9 billion with a discount of $2.7 billion.

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