Banks and Fintech | ForkLog

ForkLog 10 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 12 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 17 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 13 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 14 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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ForkLog 15 15.03.2023

U.S. financial regulator refutes link between Signature Bank closure and its crypto business

The decision to close Signature Bank is not related to the bank's activities aimed at cooperating with cryptocurrency companies. The Block reports this, citing a spokesperson for the New York State Department of Financial Services (NYDFS). Earlier, former member of Signature Bank's board Barney Frank stated that authorities deliberately took such harsh measures to deter financial institutions from dealing with digital assets.

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ForkLog 17 14.03.2023

Circle gains access to SVB deposits worth $3.3 billion

The issuer of USDC, Circle, gained access to $3.3 billion in deposits at the collapsed Silicon Valley Bank.

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ForkLog 14 14.03.2023

Former U.S. congressman: regulators have signalled to banks that cryptocurrencies are toxic

Signature Bank resolved the outflow of deposits by the time the New York state regulator decided to close the financial institution. This was stated by former U.S. congressman Barney Frank, according to The Block.

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ForkLog 22 14.03.2023

Circle and Coinbase accuse banks of destabilising the cryptocurrency market

Problems in the banking sector have created uncertainty in the cryptocurrency market, according to the co-issuers of the USDC stablecoin—Circle and Coinbase, The Block reports.

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ForkLog 13 13.03.2023

OKCoin suspends USD deposits

US-based OKCoin has temporarily halted USD deposits amid problems in the banking sector. This was reported by the exchange's CEO, Hong Fan.

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ForkLog 16 13.03.2023

IMF Warns of Negative Impact of Cryptocurrencies on Banks

Widespread adoption of digital assets could lead banks to lose deposits and curb lending, according to a report by the International Monetary Fund (IMF).

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ForkLog 13 13.03.2023

Justin Sun says he is willing to back the creation of a bank for the crypto industry

The collapse of Silicon Valley Bank (SVB) underscores the need for a reliable bank for the digital-asset industry. This was stated by Tron founder Justin Sun.

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