In our “Banks” section, we cover how traditional banks interact with cryptocurrencies, digital assets, and modern financial technologies. Here you will find news about banking regulations, crypto-friendly banks, and financial institutions adopting blockchain solutions. Read the “Banks” section on ForkNews to stay informed about the evolving relationship between banks and the crypto industry.
US Bank, one of the five largest US banks, is launching a cryptocurrency asset custody service for investment managers.
The British company Revolut, which is valued at $33 billion, is preparing to issue its own token.
The largest American investment bank JPMorgan will allow wealthy clients to invest in cryptocurrencies.
Cryptocurrency holding Galaxy Digital reported financial results since the beginning of the year. The company's net consolidated profit rose to $860 million
At the November fintech festival held in Singapore, Christine Lagarde, director of the International Monetary Fund, spoke positively about the idea of creating cryptocurrencies by central banks (CBDCs - Central Bank Digital Currencies). At the event, she highlighted some of the benefits of CBDC, which include financial inclusion, privacy and security.
The era of monopoly banks is coming to an end, says the executive director of the Swedish bank Klarna. Amid competition from fintech challengers, banks will face massive customer loss and disruption over the next five years.
A report published by the International Monetary Fund found that 15 different countries are considering joining the global fintech trend and adopting digital currencies as a payment method. In its report, the IMF identified two main reasons why they might make such a decision.
Although the cryptocurrency market experienced heavy losses this year, which only increased towards the end of the year, some indicators, such as Google Trend search history, suggest that cryptocurrency is still quite popular around the world.
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