#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 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 11 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 10 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 7 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 14 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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ForkLog 13 17.03.2023

US Senator Criticises Banks for Working with the Crypto Industry

Banks serving the crypto industry are acting imprudently, as digital assets are extremely volatile. This view was expressed by Senator Michael Bennet of Colorado.

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ForkLog 9 17.03.2023

SVB Financial Group files for Chapter 11 bankruptcy

SVB Financial Group, the former subsidiary of Silicon Valley Bank (SVB), filed a Chapter 11 bankruptcy filing.

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ForkLog 9 17.03.2023

Former Belgian finance minister calls for ban on cryptocurrencies amid banking crisis

Former Belgian finance minister and current member of the European Parliament Johan Van Overtveldt has called on authorities to ban cryptocurrencies.

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ForkLog 10 16.03.2023

TUSD operator moves $1 billion in reserves from the United States to the Bahamas

The True USD (TUSD) manager Archblock has raised the reserves of the stablecoin held at the Bahamas-based Capital Union Bank to $1.4 billion from $438 million as of March 10. Bloomberg reports.

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ForkLog 14 16.03.2023

Reuters: Prospective owner of Signature Bank must relinquish its crypto business

The FDIC has asked banks interested in acquiring Silicon Valley Bank and Signature Bank to submit bids to participate in the auction by March 17.

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ForkLog 11 15.03.2023

Stock market fears Credit Suisse collapse; Bitcoin remains resilient

On March 15, shares of one of Europe’s largest investment banks — Credit Suisse — fell more than 15% (intraday from ATH down to 98%). However, the bank's troubles did not significantly affect the cryptocurrency market.

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ForkLog 12 15.03.2023

NatWest and Paysafe restrict payments to cryptocurrency exchanges

British firms NatWest and Paysafe have imposed restrictions on customers' transactions related to digital assets.

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