#Banks and Fintech

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

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ForkLog 12 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.

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ForkLog 17 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.

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ForkLog 7 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.

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ForkLog 18 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).

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ForkLog 22 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.

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ForkLog 21 13.03.2023

Bitcoin climbs above $24,000

In the early hours of March 13, the price of the leading cryptocurrency rose sharply from about $20,280 to briefly above $22,670.

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ForkLog 21 11.03.2023

Elon Musk open to acquiring Silicon Valley Bank

Billionaire Elon Musk said he was prepared to consider the possibility of acquiring Silicon Valley Bank (SVB), which had been closed by authorities.

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ForkLog 44 11.03.2023

USDC loses peg to the dollar amid SVB collapse

The USD Coin (USDC) stablecoin lost its peg to the US dollar and, at the time of writing, trades at $0.92 after its issuer Circle announced it held $3.3 billion in reserves at the government-closed Silicon Valley Bank (SVB).

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ForkLog 14 10.03.2023

US senators urge regulators not to punish the entire crypto industry

Tightening regulation of banks serving the crypto industry could 'punish the entire sector.' The Republican senators say this in a letter to the regulators.

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ForkLog 27 10.03.2023

Venture-capital investors distance themselves from Silicon Valley Bank amid liquidity concerns

Five venture-capital firms focused on digital assets advised their portfolio companies to withdraw funds from Silicon Valley Bank (SVB). The Block reports.

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ForkLog 35 09.03.2023

Gate.io unveils a crypto Visa card for Europe

Gate Group will launch a cryptocurrency debit card Visa for European customers.

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ForkLog 15 08.03.2023

Trustee Plus to Give Away 5,000 Free Virtual Crypto Cards

The Ukrainian crypto neobank Trustee Plus will launch a virtual card that enables spending digital assets.

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