#Banks and Fintech

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

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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 14 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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ForkLog 13 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 19 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 23 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 23 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 22 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 51 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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