#Banks and Fintech

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

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ForkLog 24 17.09.2020

Wirex to launch Mastercard-enabled multi-currency card

The processing service Wirex announced the launch of a multi-currency card linked to 19 crypto and fiat assets.

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ForkLog 76 16.09.2020

Kraken becomes the first US crypto exchange to obtain SPDI status

The Bitcoin exchange Kraken became the first in the United States to obtain the status of a Special Purpose Depository Institution (SPDI), conferring it with the functions of a traditional financial institution. The Wyoming Banking Board approved the California company's application.

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ForkLog 27 16.09.2020

Binance launches pan-European payment card with cashback in BNB tokens

The cryptocurrency exchange Binance announced the launch of a crypto-payment card across the European Economic Area.

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ForkLog 53 15.09.2020

Payoneer becomes issuer of Mastercard-based prepaid cards

The Payoneer payment platform has begun issuing Prepaid Mastercard cards.

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ForkLog 12 10.09.2020

Regulators hinder UBS-backed blockchain project launch

Fnality International, a consortium of several major banks, has been forced to push back the launch of the Utility Settlement Coin (USC) project to 2021 due to regulatory barriers, Reuters reports.

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ForkLog 8 10.09.2020

Study finds banks overlook up to 90% of suspicious cryptocurrency transactions

Financial institutions do not understand the nature of cryptocurrency transactions, and may miss up to 90% of suspicious operations. CipherTrace analysts reached this conclusion.

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ForkLog 8 09.09.2020

P2P exchange Vertex launches $10 cashback per trade for new users

Vertex launches Vertex Cashback for new users; participants can receive $10 per trade after registering and verification. ForkLog reported representatives of Vertex.

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ForkLog 15 09.09.2020

Crypto-lending platform Cred joins Visa’s Fast Track fintech programme.

The crypto-lending platform Cred has joined Visa's Fast Track programme.

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ForkLog 10 08.09.2020

Chile’s largest bank closes after Bitcoin ransomware attack.

One of Chile's three largest banks, BancoEstado, was forced to suspend operations at its branches on September 7 after a ransomware attack over the past weekend, according to ZDNet.

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ForkLog 27 07.09.2020

Binance plans to launch a debit card in Russia

Binance, the cryptocurrency exchange, is working on launching a debit payment card in Russia, despite the forthcoming ban on cryptocurrency payments. Cointelegraph reports.

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ForkLog 12 07.09.2020

London’s Ziglu launches P2P payments for cryptocurrencies

The Financial Conduct Authority (FCA) granted Ziglu, a cryptocurrency-friendly Electronic Money Institution, a licence. Following this, it launched P2P payments for fiat and cryptocurrencies, The Block reports.

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ForkLog 35 04.09.2020

How and Why Central Banks Create Digital Currencies (CBDCs)

Experts already describe central bank digital currencies (CBDCs) as one of the most important trends shaping the future of money. According to a BIS report, by early 2019 CBDC research was underway at 70% of central banks. The coronavirus pandemic will only accelerate work on digital currencies across countries.

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