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Культовый журнал о биткоине, технологии блокчейн и цифровой экономике. forklog hub Площадка для общения криптосообщества. Соединяем компании и пользователей.

#Banks and Fintech

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

NYCB subsidiary Flagstar Bank buys part of Signature Bank; crypto deposits excluded from the deal
ForkLog 15 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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US Senator Criticises Banks for Working with the Crypto Industry
ForkLog 20 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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SVB Financial Group files for Chapter 11 bankruptcy
ForkLog 19 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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Former Belgian finance minister calls for ban on cryptocurrencies amid banking crisis
ForkLog 16 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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TUSD operator moves $1 billion in reserves from the United States to the Bahamas
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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Reuters: Prospective owner of Signature Bank must relinquish its crypto business
ForkLog 18 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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Stock market fears Credit Suisse collapse; Bitcoin remains resilient
ForkLog 16 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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NatWest and Paysafe restrict payments to cryptocurrency exchanges
ForkLog 16 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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U.S. financial regulator refutes link between Signature Bank closure and its crypto business
ForkLog 20 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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Circle gains access to SVB deposits worth $3.3 billion
ForkLog 18 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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Former U.S. congressman: regulators have signalled to banks that cryptocurrencies are toxic
ForkLog 15 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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Circle and Coinbase accuse banks of destabilising the cryptocurrency market
ForkLog 23 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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