Bank of America

Hundreds of Banks in US to Allow Customers to Buy, Sell, Hold Bitcoin Through Existing Bank Accounts

<div class=”featured_image_container”> </div> <strong>Hundreds of banks in the U.S. will reportedly start offering access to bitcoin to their customers this year, thanks to a partnership between Fidelity National Information Services and the New York Digital Investment Group. Hundreds of banks have enrolled to participate in the program as they see funds moving from bank accounts …

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Bank of America Survey: 74% of Fund Managers See Bitcoin as a Bubble

<div class=”featured_image_container”> </div> <strong>The most recent Bank of America Fund Manager Survey shows that about three out of four professional investors think that bitcoin is a bubble. The fund managers also rated bitcoin second on the list of the most crowded trades. Recently, investment bank JPMorgan also warned that cryptocurrency as a sector is in …

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Bank of America Says the Only Good Reason for Holding Bitcoin Is ‘Sheer Price Appreciation’

<div class=”featured_image_container”> </div> <strong>Bank of America sees no good reason to own bitcoin other than “sheer price appreciation.” The firm’s strategists found that the cryptocurrency’s “inflation hedging benefits are not particularly apparent.” Bank of America also claims that bitcoin does not offer diversification benefits and is “impractical as a store of wealth or payments mechanism.”</strong> …

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Bitcoin Now the Most Crowded Trade – Labeled a ‘Bubble’ in Bank of America Survey

<div class=”featured_image_container”> </div> <strong>According to findings of a recent Bank of America (BOA) survey, buying bitcoin has now surpassed tech stocks as the most crowded trade. This new ranking means tech stocks have been relegated into second place for the first time since October 2019. </strong> Still, a majority of the interviewed fund managers believe …

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Bank of America Predicts ‘Mother of All Bubbles’ for Bitcoin

<div class=”featured_image_container”> </div> <strong>Bank of America’s chief investment strategist sees “the mother of all bubbles” in bitcoin. He compared the cryptocurrency’s recent rally to other bubbles, emphasizing the “increasingly speculative” investing behavior of bitcoin.</strong> Bank of America Warns of Huge Bitcoin Bubble Bitcoin’s recent rally has worried a number of prominent financial analysts who warned …

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$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities

<div class=”featured_image_container”> </div> <strong>Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman Sachs.</strong> …

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Report: Blockchain Patents ‘Skyrocket’ in 2020, Alibaba Owns the Most Crypto Patents

A study from the team at Kisspatent shows that Alibaba Group is the largest blockchain patent holder in 2020 capturing 10x the number of patents held by IBM. The report notes that blockchain patents “are skyrocketing” this year and so far in 2020, there’s been more distributed ledger technology and cryptocurrency patents published than all …

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Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation

Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another in July, already appear to have failed …

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US Dollar Slump Incoming: Bank of America Sees ‘Death Cross’ as Confidence in Gold Rises

Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.com’s Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards … read …

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