Bank of America
Bank of America Joins Stablecoin Rush as CEO Moynihan Says Work Already Underway
Speaking on the second quarter earnings call, Brian Moynihan said the bank plans to act when the time is right.
U.S. Dollar to Slide Further This Summer, Bank of America Warns
Weakness in the U.S. dollar is widely seen as positive for dollar-denominated assets, such as bitcoin and gold.
Major U.S. Banks Mull Jointly Launching Stablecoin: WSJ
Such a stablecoin, potentially open to other banks, aims to improve transaction speeds and efficiency while fending off competition from crypto firms.
Bakkt Shares Drop 35% After Loss of Two Major Customers
The company is also delaying the filing of its annual report.
Bank of America CEO Says Bank Will Likely Launch Its Own Stablecoin
The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.
Bank Clients Just Dipped Their Toes Into Bitcoin ETFs, but Q4 Could See a FOMO Spike
The most recent batch of 13F reports filed by institutional investors was uneventful alongside bitcoin's price action during the third quarter.
Coinbase Upgraded to Neutral From Underperform at Bank of America on Positive Crypto Market Dynamics
The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said.
Bank of America Predicts PayPal’s Stablecoin Unlikely to Be Used Widely Anytime Soon
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikely to be significant in the near term, Bank of America said in a research report on Thursday. "The Hash" panel discusses the outlook for PYUSD and why this is a project to watch.
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America
Longer term, the bank sees much more competition for the token.
Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions
The Coinbase CEO created a Twitter poll posing the question, and a whopping 9% of respondents said “yes.”
