News
Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved.
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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.
- Newsletter
An on-chain tile-sliding game has been causing a massive spike in daily transactions on the Sui Network.
4358 - News
The Bank of America’s metaverse trains staff on resolving customer disputes or helps them relax by riding a virtual unicorn.
3202 - Markets News
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence.
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The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.
24389 - News
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote.
6159 - Market Analysis
Bitcoin price has avoided a bigger plunge below $18,000 in recent months, raising expectations that a market bottom is forming.
13992 - News
The paper’s authors say Central Bank Digital Currencies are problematic for the future of individual and economic freedom, but crypto is a viable alternative.
4186 - Market Analysis
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price.
11007 - Analysis
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future.
2518 - Markets News
The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
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A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Fed, not a commercial bank.
10703 - News
LinkedIn reports that site-wide job listings relating to crypto are up more than 600% since August last year.
7849 - News
Mirror opens decentralized blogging to the public, a Bank of America report is bullish on DeFi, and MakerDAO considers climate initiatives.
7364 - News
These companies with crypto and digital assets exposure have stocks rated as “Buy” or “Neutral” by Bank of America.
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