News
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports.
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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.
- News
Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients.
5274 - Market Analysis
Bitcoin surged from $190 billion to around $280 billion in recent months, surpassing some big-name companies, including banks, by market capitalization.
48047 - Market Analysis
2020 has been a rough year for markets but Bitcoin has outperformed JPMorgan, Goldman Sachs, and the majority of top U.S. financial sector stocks.
17842 - Market Analysis
The price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified.
59380 - Analysis
A data-based approach to cryptocurrency investment shows promise, so why are investment advisors at top firms still pushing clients away?
17471 - News
Roelof Botha alleges the Bank of America provided “absolutely no explanation” for its decision to close his bank account in 30 days.
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America’s second largest banking institution searches for a “treasury product manager” specifically working with Ripple’s technology.
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International investment bank Bank of America follows in the footsteps of Mastercard to join the Marco Polo blockchain network.
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Bank of America has filed a patent for a crypto-inclusive digital currency wallet with multiple tiers of access.
6576 - Analysis
While the nation’s second-largest bank is remarkably active in registering novel blockchain-powered solutions, critics fear that this might be not in the industry’s long-term interest.
4056 - News
Bank of America has filed a patent application for a settlement system citing the Ripple ledger.
32081 - News
Catherine Bessant admitted that the institution has yet to find blockchain use cases for the financial services sector.
3662 - News
A new strain of Trojan malware for Android phones is targeting global users of top crypto apps such as Coinbase, BitPay and Bitcoin Wallet.
19090 - News
Catherine Bessant defended the bank’s record patent stockpile, arguing it was nevertheless necessary to be prepared for change.
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