Banks and Fintech | ForkLog

ForkLog 250 29.08.2025

US Banks Surpass Crypto in Money Laundering Volume

From 2020 to 2024, US banks processed transactions amounting to $312 billion for Chinese money laundering networks. The majority of these funds flowed through the traditional financial system rather than cryptocurrencies.

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ForkLog 209 28.08.2025

VanEck CEO Labels Ethereum as ‘Wall Street’s Token’

Ethereum is poised to become the primary network for banks due to the increasing adoption of stablecoins, according to Jan van Eck, CEO of investment firm VanEck.

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ForkLog 265 26.08.2025

Citi Warns of Stablecoin Threat to Banks

The payment of interest on stablecoin deposits could trigger a mass exodus of deposits from banks, Citi warned.

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ForkLog 63 16.08.2025

Federal Reserve Ends Oversight of Banks’ Cryptocurrency Activities

The Board of Governors of the Federal Reserve announced the termination of its oversight program for new types of bank activities, including cryptocurrency operations. The regulator has completely rescinded its 2023 letter, which required financial institutions to obtain permission for stablecoin operations. It also mandated risk management practices concerning cybersecurity, liquidity, consumer compliance, and anti-illicit […]

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ForkLog 201 11.08.2025

Dormant means ownerless

In early August, some media outlets reported that a “revived investment bank, Salomon Brothers” intended to access bitcoin addresses it deems abandoned. The company used OP_RETURN, a standard mechanism for embedding arbitrary data in transactions. The initiative’s stated aim is to shield funds from criminals and “rogue states”, with the legal basis said to be […]

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ForkLog 122 08.08.2025

Salomon Brothers’ Initiative Deemed an Attack on Bitcoin

The initiative by the company operating under the Salomon Brothers brand to claim rights to “abandoned” bitcoin wallets through OP_RETURN transactions is both legally and technically flawed. This opinion was expressed by experts consulted by ForkLog. According to them, the “doctrine of abandonment” is inapplicable to cryptocurrency addresses, and the idea itself contradicts the fundamental […]

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ForkLog 116 07.08.2025

Salomon Brothers Claims Rights to ‘Abandoned’ Bitcoin Wallets via OP_RETURN

A company operating under the Salomon Brothers brand has sent notifications to bitcoin addresses it deems “abandoned.” The firm intends to gain access to them, reports CoinDesk. The aim is to protect funds from criminals and “rogue states,” according to representatives of the financial institution. The legal basis is the “doctrine of abandonment”, which states […]

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ForkLog 30 23.07.2025

Goldman Sachs and BNY Mellon to Offer Tokenized Funds to Clients

American financial giants Goldman Sachs and BNY Mellon have announced a joint initiative to provide institutional investors with access to tokenized funds. According to the press release, BNY Mellon will utilize blockchain technology developed by Goldman Sachs to manage client rights for selected products. The initial launch will involve BNY Investments Dreyfus, Federated Hermes, Fidelity […]

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ForkLog 43 18.07.2025

Sber Proposes Banks as Custodians for Bitcoin Storage

Sber has proposed that Russian banks become centers for the accounting and storage of cryptocurrencies. This was reported by “Vedomosti” citing Anatoly Pronin, a representative of the financial institution.

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ForkLog 26 16.07.2025

Standard Chartered Bankers Show Preference for Stablecoins Over Bitcoin

Experts predict the market capitalization of stablecoins will reach $750 billion by the end of 2026. Key cryptocurrency bills are under consideration in the United States. JPMorgan is exploring stablecoins under pressure from fintech competitors. Clients of the American branch of Standard Chartered are showing greater interest in stablecoins than in Bitcoin. This was stated […]

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ForkLog 70 15.07.2025

Standard Chartered Initiates Bitcoin and Ethereum Trading

Standard Chartered Bank has permitted institutional clients to trade Bitcoin and Ethereum, as stated in a press release.

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ForkLog 50 07.07.2025

BBVA Opens Bitcoin and Ethereum Access to Retail Clients

The banking group BBVA has opened up trading and custody services for Bitcoin and Ethereum to retail clients in Spain. The service is available through the bank’s mobile app for all adult customers. The launch followed an application to the National Securities Market Commission in March 2025. The bank independently holds clients’ assets without involving […]

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