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.
Banks stressed customer accounts “remain secure,” and balances will be updated as soon as the issue is resolved.
Bug in Fed’s payment system prevents Americans from getting paid
Brayden Lindrea
An on-chain tile-sliding game has been causing a massive spike in daily transactions on the Sui Network.
Google Play Store officially allows NFT games, but no gambling: Nifty Newsletter, July 12–18
Ezra Reguerra
The Bank of America’s metaverse trains staff on resolving customer disputes or helps them relax by riding a virtual unicorn.
Nifty News: Metaverse bank robberies, Trump NFT biz prefers crypto over cash and more
Jesse Coghlan
Markets News
Bitcoin miners appear to be reducing risk as the significance of BTC price above $30,000 remains firmly in evidence.
Miners send millions to exchanges — 5 things to know in Bitcoin this week
William Suberg
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States.
Bitcoin price jumps in the wake of First Republic Bank price crash
Tom Mitchelhill
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.
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
Helen Partz
Market Analysis
Bitcoin price has avoided a bigger plunge below $18,000 in recent months, raising expectations that a market bottom is forming.
Small Bitcoin investors stop whales from crashing BTC price below $18K
Yashu Gola
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.
Bitcoin think tank: Reject CBDCs and look to BTC and stablecoins instead
Stephen Katte

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