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.
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price.
Bitcoin futures enter backwardation for the first time in a year
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future.
Dedicated crypto teams booming within traditional financial firms
The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks
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 ...
Bank of America says stablecoin adoption and CBDC is ‘inevitable’
LinkedIn reports that site-wide job listings relating to crypto are up more than 600% since August last year.
Top US banks offer big incentives to lure crypto talent
Mirror opens decentralized blogging to the public, a Bank of America report is bullish on DeFi, and MakerDAO considers climate initiatives.
Finance Redefined: MakerDAO goes green and BoA bullish on DeFi, Oct. 1–8
These companies with crypto and digital assets exposure have stocks rated as “Buy” or “Neutral” by Bank of America.
Bank of America identifies 20 high-profile US companies with crypto exposure