Category: bank of america

ABN AMRO backs out of crypto-race; ditches Bitcoin wallet project

The New Zealand cryptocurrency exchange, Cryptopia, which fell to its doom due to a security breach that occurred earlier this year, continues to stay in the headlines. The attacker, who almost drained the exchange’s entire Ethereum wallets, has been transferring the stolen funds since the beginning of the day. Whale […]

Tom Lee on Bitcoin’s rise, Cryptopia enters liquidation phase and more

Bitcoin [BTC], the largest cryptocurrency by market cap, has been marking several milestones ever since the beginning of this year. The coin has shown significant recovery from its December 2018 bottom, rising by over $3000 since then. Notably, the largest cryptocurrency broke through the $6000 and $7000 marks in a […]

Bank of America’s CTO claims BOA hasn’t found blockchain use-cases for financial sector; cryptoverse calls bluff

Through a varied mix of good and bad publicity, cryptocurrency today is very close to mainstream acceptance. While the cryptospace has witnessed the recent involvement of several non-financial organizations such as Nike and Jaguar, some industry leaders and government officials have openly discounted cryptos’ utility. A similar discussion was sparked […]

Bitcoin on Wallstreet: BTC Related Companies Trading on the Stock Exchange

Photo: Thomas Hawk / Flickr The recent price surge for Bitcoin is waking up investors around the globe, including Wallstreet. Aside from investors, publicly traded companies are also shifting their resources into Blockchain and cryptocurrency technologies. Apollo Global Management, Stock Symbol: APO Apollo Global Management (NYSE: APO) is an American […]

Android Malware Targets Users of 32 Crypto Apps, Including Coinbase, BitPay

A new strain of Trojan malware for Android phones is targeting global users of top crypto apps such as Coinbase, BitPay and Bitcoin Wallet, as well as banks including JPMorgan, Wells Fargo, and Bank of America. The news was reported by technology news outlet The Next Web on March 28. […]

BOA Tech Chief Says Blockchain Technology May Amount to Nothing

Cathy P. Bessant, chief operations and technology officer at the Bank of America (BOA), a multinational investment bank and financial services firm, has opined that blockchain technology has no significant use case in finance and could amount to nothing in the near future, reports CNBC on March 25, 2019. Bessant […]

Bank of America CTO “Privately Bearish” on Blockchain

An executive at Bank of America has recently put forth comments which go against the growing adoption for cryptocurrency and blockchain in 2019. According to a report published by CNBC on Mar. 26, Bank of America’s tech and operations chief Cathy Bessant says that she is “privately bearish” on the […]

Two ‘Major US Banks’ May Soon Issue Own Cryptos on IBM World Wire, Is Ripple Under Threat?

IBM announced that two major US banks may soon offer their own cryptos on the IBM World Wire amidst growing concerns that Ripple’s dominance in this global remittance space may be under threat. International Business Machines Corporation (IBM) confirmed that at least two “major U.S. banks” may soon follow JPMorgan […]