#Banks and Fintech

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

Все материалы Сначала популярные

ForkLog 13 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.

AI translated

ForkLog 14 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.

AI translated

ForkLog 13 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.

AI translated

ForkLog 16 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.

AI translated

ForkLog 9 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.

AI translated

ForkLog 12 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).

AI translated

ForkLog 7 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.

AI translated

ForkLog 11 13.03.2023

Nouriel Roubini predicted the ‘extinction’ of crypto exchanges amid SVB rescue

Nouriel Roubini drew a parallel between the bailed-out Silicon Valley Bank (SVB) and crypto-trading platforms.

AI translated

ForkLog 11 13.03.2023

Crypto-friendly banks’ collapse raises concerns in the crypto community

Problems at three banks—Silvergate Bank, Signature Bank, and Silicon Valley Bank (SVB)—have raised concerns in the crypto community about the fate of industry-related companies.

AI translated

ForkLog 6 13.03.2023

HSBC buys Silicon Valley Bank UK

HSBC announced the acquisition of Silicon Valley Bank UK, the UK subsidiary of the US-regulated bank that was placed into resolution by authorities.

AI translated

ForkLog 11 13.03.2023

Brad Garlinghouse says Ripple in a strong financial position as SVB collapses

Ripple CEO Brad Garlinghouse said the company was financially stable in the wake of the Silicon Valley Bank collapse (SVB).

AI translated

ForkLog 17 13.03.2023

US rescue saves SVB and Signature Bank depositors; stablecoins narrow the depegging.

On March 13, the US Treasury, the Fed and the FDIC announced the rescue of SVB and Signature Bank — with depositors to gain access to their funds at the expense of shareholders and some holders of unsecured bonds.

AI translated