How to
Behind the scenes, US banks are rebuilding core financial infrastructure so cash, custody and funds can move onchain under regulatory oversight.
1965
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
Issued by SoFi Bank, the dollar-backed token is designed for payments and settlement across banks, fintechs and enterprise platforms.
1620 - News
The latest trial explored multiple stablecoins and showed tokenized US Treasurys can be reused instantly across counterparties on shared infrastructure.
2833 - Market Analysis
Bitcoin’s chance of hitting $100,000 before New Year’s Eve depends on investors’ reaction to the Fed policy pivot, and the market’s response to soaring BigTech and AI company debt.
6770 - News
Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported.
5546 - News
Strike CEO Jack Mallers said JPMorgan closed his accounts without explanation, reigniting fears of Operation Chokepoint 2.0 and renewed pressure on crypto companies.
3171 - News
The Singapore-based digital bank plans to broaden its crypto and fiat offerings for institutional clients, citing growing demand for programmable finance.
3701 - News
Fnality raised $136 million in a round led by Bank of America, Citi and WisdomTree to expand its blockchain settlement network.
3815 - Market Analysis
Bitcoin price faces pressure as investors shift to bonds and gold, and risk aversion raises the chance of BTC falling to $108,000.
3958 - Newsletter
JPMorgan, Citigroup and Bank of America are all in the early stages of stablecoin development.
8355 - News
Bank of America and other legacy financial institutions have been increasingly associated with stablecoins amid the growing push for regulatory clarity.
9751 - News
Trump may issue an executive order to protect crypto firms from banking discrimination, ending what some call Operation Chokepoint 2.0, according to The Wall Street Journal.
4699 - News
JPMorgan has filed a new trademark that covers a range of potential crypto-services for the bank, which industry commentators speculate could include a stablecoin venture.
9548 - News
Companies linked to JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reports.
7364 - Market Analysis
The “Oracle of Omaha” also exited Citigroup and slashed Berkshire’s Bank of America holdings, offloading more than $2.1 billion in financial stocks.
9116