Bank of America News

Bank of America (BofA) is an American financial conglomerate providing a wide range of financial services and is one of the largest bank holding companies in the USA in terms of assets. It was founded in 1904 and currently headquartered in Charlotte, NC. BofA has become the first financial establishment that has included cryptocurrency in a report about forthcoming financial risks. According to Bank of America, cryptocurrency is not just a threat for their budget, but it complicates the work of preventing money laundering. Also, the company has shown its dependence on innovations made in the market of financial services, including blockchain technology, which can demand a large amount of spending for its implementation. Despite the fact that the holding has expressed skepticism about using Bitcoin, Bank of America has registered some cryptocurrency-related patents in order to prevent customer outflow.

Bank of America Has the Most Blockchain Patents, But Is It Actually Going to Use Them?

NOV 04, 2018 | by Stephen O'Neal

Bank of America leads in the blockchain patent race

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Bank Of America Adds Private Key Storage Filing to Stockpile of Blockchain Patents

OCT 31, 2018 | by William Suberg

Bank of America has gained over 50 blockchain-based patents so far in what executives say is a plan to “be prepared.”

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Hodler’s Digest, October 1-7: WSJ Gets In and Out of Crypto, While BofA Sees a $7 Billion Future for Blockchain

OCT 07, 2018 | by Molly Jane Zuckerman

The Wall Street Journal creates, then gets rid of, its own cryptocurrency and the Petro may be ready for public sale in November.

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Bank of America: Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft

OCT 02, 2018 | by Marie Huillet

The Bank of America has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon.

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Bank of America Files New Patent for Multiple Digital Signatures on a Distributed System

SEP 24, 2018 | by Max Yakubowski

BofA has filed a new patent for managing the communication of data from Internet of Things devices.

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World’s Number Four Telecoms Provider Files Blockchain Contract Storage Patent

JUL 20, 2018 | by William Suberg

Japan’s Nippon Telegraph and Telephone is mulling over using blockchain for contract storage, a patent filing reveals.

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Bank of America Reveals Blockchain Patent for External Data Validation

JUL 18, 2018 | by William Suberg

Bank of America has added to its pile of blockchain patents this week with the release of a blockchain-based external data validation system filing.

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Hodler’s Digest, May 7-13: From Facebook To NYSE, Mainstream Thinks Of Adoption

MAY 13, 2018 | by Molly Jane Zuckerman

In a series of strong wins for blockchain adoption this week, Facebook is considering the technology for its messaging app, West Virginia ran the US’s first blo...

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Bank Of America CTO Calls Bitcoin ‘Troubling’, Reconfirms Credit Card Purchase Ban

MAY 10, 2018 | by William Suberg

Bank of America CTO Kathy Bessant has told mainstream media customers will continue to be banned from buying Bitcoin using its credit cards.

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Bank Of America Seeks Patent On Blockchain-Based Data Storage System

APR 13, 2018 | by Ana Alexandre

The Bank of America’s patent for a Blockchain-based storage system has been published by the US Patent and Trademark Office.

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Media Hype Falsely Reports Bitcoin As ‘Greatest Bubble In History’

APR 11, 2018 | by Molly Jane Zuckerman

The news cycle has again fixated on covering the reasons why Bitcoin is a “bubble” that may or may not be in the process of “popping”

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J.P Morgan Sees Crypto As ‘Competition’ And ‘Risk’ To Its Business In SEC Annual Report

FEB 28, 2018 | by Molly Jane Zuckerman

J.P. Morgan Chase has now referred to cryptocurrencies as a “risk” to its business that could cause it to lose market share, according to its annual SEC report.

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Bank Of America: Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto

FEB 23, 2018 | by William Suberg

Bank of America lists cryptocurrency as a potential competition problem in its 2017 fiscal year report to the SEC.

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J.P. Morgan Chase Bans Buying Cryptocurrency With Credit Cards

FEB 03, 2018 | by Molly Jane Zuckerman

Three major banking organizations, J.P. Morgan Chase, Bank of America, and Citigroup, have announced they are not allowing customers to buy cryptocurrency with ...

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USPTO Awards Patent to Bank of America’s Cryptocurrency Exchange System

DEC 07, 2017 | by Joshua Althauser

The US Patent and Trademark Office (USPTO) has awarded a patent to the proposed digital currency exchange system filed by the country’s second-biggest bank, Ban...

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J.P. Morgan Chase Bans Buying Cryptocurrency With Credit Cards

FEB 03, 2018 | by Molly Jane Zuckerman

Three major banking organizations, J.P. Morgan Chase, Bank of America, and Citigroup, have announced they are not allowing customers to buy cryptocurrency with ...

87755 | 33

Bank Of America: Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto

FEB 23, 2018 | by William Suberg

Bank of America lists cryptocurrency as a potential competition problem in its 2017 fiscal year report to the SEC.

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Bitcoin One of Most Crowded Trades: Wall Street Survey

SEP 13, 2017 | by Jacob J

When most people are bullish on Bitcoin and it has become a crowded investment, is it a good time to short Bitcoin?

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J.P Morgan Sees Crypto As ‘Competition’ And ‘Risk’ To Its Business In SEC Annual Report

FEB 28, 2018 | by Molly Jane Zuckerman

J.P. Morgan Chase has now referred to cryptocurrencies as a “risk” to its business that could cause it to lose market share, according to its annual SEC report.

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Bank of America Files Patent for Blockchain-based Processing System

OCT 21, 2017 | by Lisa Froelings

Bank of America has filed a pair of patents for a Blockchain technology-based system aimed to improve the tracking of file transfer processing in real time.

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Media Hype Falsely Reports Bitcoin As ‘Greatest Bubble In History’

APR 11, 2018 | by Molly Jane Zuckerman

The news cycle has again fixated on covering the reasons why Bitcoin is a “bubble” that may or may not be in the process of “popping”

27741 | 3

American Express Files Patent on Blockchain-Based Personalized Customer Rewards System

OCT 24, 2017 | by Lisa Froelings

AMEX files patent on Blockchain-based personalized customer rewards system offering customer-specific types of rewards that include points, a digital currency, ...

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Bank Of America Seeks Patent On Blockchain-Based Data Storage System

APR 13, 2018 | by Ana Alexandre

The Bank of America’s patent for a Blockchain-based storage system has been published by the US Patent and Trademark Office.

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USPTO Awards Patent to Bank of America’s Cryptocurrency Exchange System

DEC 07, 2017 | by Joshua Althauser

The US Patent and Trademark Office (USPTO) has awarded a patent to the proposed digital currency exchange system filed by the country’s second-biggest bank, Ban...

25526 | 7

Bank Of America CTO Calls Bitcoin ‘Troubling’, Reconfirms Credit Card Purchase Ban

MAY 10, 2018 | by William Suberg

Bank of America CTO Kathy Bessant has told mainstream media customers will continue to be banned from buying Bitcoin using its credit cards.

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Hodler’s Digest, May 7-13: From Facebook To NYSE, Mainstream Thinks Of Adoption

MAY 13, 2018 | by Molly Jane Zuckerman

In a series of strong wins for blockchain adoption this week, Facebook is considering the technology for its messaging app, West Virginia ran the US’s first blo...

22698 | 9

Bank of America: Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft

OCT 02, 2018 | by Marie Huillet

The Bank of America has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon.

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World’s Number Four Telecoms Provider Files Blockchain Contract Storage Patent

JUL 20, 2018 | by William Suberg

Japan’s Nippon Telegraph and Telephone is mulling over using blockchain for contract storage, a patent filing reveals.

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Bank Of America Files 9 Blockchain-Based Patent Applications

AUG 25, 2017 | by Joshua Althauser

The US Patent and Trademark Office has published in late August 2017 nine additional patent applications related to Blockchain technology that was filed by Bank...

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KPMG Joins The Wall Street Blockchain Alliance

NOV 16, 2017 | by Jon Buck

KPMG joins the #WSBA for Blockchain technology, becoming the first of the ‘big four.’

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J.P. Morgan Chase Bans Buying Cryptocurrency With Credit Cards

FEB 03, 2018 | by Molly Jane Zuckerman

Three major banking organizations, J.P. Morgan Chase, Bank of America, and Citigroup, have announced they are not allowing customers to buy cryptocurrency with ...

87755 | 33

Bank Of America: Our ‘Inability To Adapt’ Could See A Failure To Compete With Crypto

FEB 23, 2018 | by William Suberg

Bank of America lists cryptocurrency as a potential competition problem in its 2017 fiscal year report to the SEC.

67690 | 18

Bank Of America CTO Calls Bitcoin ‘Troubling’, Reconfirms Credit Card Purchase Ban

MAY 10, 2018 | by William Suberg

Bank of America CTO Kathy Bessant has told mainstream media customers will continue to be banned from buying Bitcoin using its credit cards.

24411 | 15

J.P Morgan Sees Crypto As ‘Competition’ And ‘Risk’ To Its Business In SEC Annual Report

FEB 28, 2018 | by Molly Jane Zuckerman

J.P. Morgan Chase has now referred to cryptocurrencies as a “risk” to its business that could cause it to lose market share, according to its annual SEC report.

31989 | 8

Hodler’s Digest, May 7-13: From Facebook To NYSE, Mainstream Thinks Of Adoption

MAY 13, 2018 | by Molly Jane Zuckerman

In a series of strong wins for blockchain adoption this week, Facebook is considering the technology for its messaging app, West Virginia ran the US’s first blo...

22698 | 9

Bitcoin Should Be Regulated to Go Mainstream: Bank of America Official

JUL 27, 2017 | by Joshua Althauser

Bank of America Managing Director Francisco Blanch thinks that Bitcoin cannot successfully expand around the world without being subjected to some regulatory gu...

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American Express Files Patent on Blockchain-Based Personalized Customer Rewards System

OCT 24, 2017 | by Lisa Froelings

AMEX files patent on Blockchain-based personalized customer rewards system offering customer-specific types of rewards that include points, a digital currency, ...

25983 | 7

USPTO Awards Patent to Bank of America’s Cryptocurrency Exchange System

DEC 07, 2017 | by Joshua Althauser

The US Patent and Trademark Office (USPTO) has awarded a patent to the proposed digital currency exchange system filed by the country’s second-biggest bank, Ban...

25526 | 7

Bank of America: Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft

OCT 02, 2018 | by Marie Huillet

The Bank of America has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon.

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Mastercard Files Patent for Refund Services for Cryptocurrency Users

AUG 07, 2017 | by Joshua Althauser

Mastercard has filed a patent application with the US Patent and Trademark Office for the creation of refund services for digital currency users.

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Xerox Applies for Blockchain Timestamp Patent

SEP 06, 2017 | by Jon Buck

A recent patent application by Xerox indicates a desire to create a Blockchain-based timestamp protocol for data such as copies or pictures.

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Accenture Secures Patent for Its ‘Editable Blockchain’ Technology

SEP 29, 2017 | by Joshua Althauser

Editable Blockchain technology ensures that businesses can ‘fix things when they go wrong.”

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Bank of America Files Patent for Blockchain-based Processing System

OCT 21, 2017 | by Lisa Froelings

Bank of America has filed a pair of patents for a Blockchain technology-based system aimed to improve the tracking of file transfer processing in real time.

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Bank of America Files Three Patents for Distributed Ledger Technology

AUG 01, 2017 | by Joshua Althauser

Bank of America does not seem to be slowing down with its plans to go big on Blockhain with 20 patents pending since 2016.

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Media Hype Falsely Reports Bitcoin As ‘Greatest Bubble In History’

APR 11, 2018 | by Molly Jane Zuckerman

The news cycle has again fixated on covering the reasons why Bitcoin is a “bubble” that may or may not be in the process of “popping”

27741 | 3