Wall Street Banks Are Keen on Crypto — Here’s Why

Recently, institutional crypto adoption has been at the center of discussion. A growing number of public companies, major banks, hedge funds, and wealth managers race to increase their exposure to bitcoin and other digital assets.
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It seems Wall Street is leading the race.

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Bank of America Report Sees Upsides to El Salvador Bitcoin Adoption – BeInCrypto

A report from the Bank of America lists some potential benefits for El Salvador as it works to implement bitcoin into its economy.
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An analyst from the Bank of America said that El Salvador’s decision to adopt bitcoin was correct in an economic outlook report.

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Bank of America outlines 4 potential benefits of El Salvador’s Bitcoin strategy

Bank of America, one of the nation’s largest financial institutions based on total assets, believes El Salvador could have a lot to gain with its latest foray into Bitcoin (BTC).

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Asset Management Firm GoldenTree is Buying Bitcoin – BeInCrypto

Asset management firm, GoldenTree, which currently handles over $41 billion in assets under management is reportedly buying bitcoin.
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According to recent reports, the firm is adding bitcoin to its balance sheet in a bid to diversify its portfolio.

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Paxos Adds Bank of America Among Others to Series D Funding Round – BeInCrypto

Regulated blockchain infrastructure platform, Paxos, announced Thursday the addition of a number of strategic investors. 
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Paxos, a blockchain infrastructure platform, has announced some high-caliber investors joined in a Series D funding round.

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Bank of America Permits Selected Clients to Trade BTC Futures – BeInCrypto

The Bank of America (BoA), the United States’ second-largest bank, has given a green light on trading bitcoin (BTC) futures for some of its clients. A step in the crypto’s favor, given the bank’s otherwise conservative attitudes towards the space.

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Bank of America Forms New Cryptocurrency Research Team – BeInCrypto

Bank of America Corp. has put together a new team of researchers, led by Alkesh Shah,  to look into cryptocurrencies.
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The cryptocurrency research team that Bank of America (BoA) has created comes as interest in digital assets continues to rise across the globe.

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Bank of America reportedly establishes crypto research team

A new team at the second-largest bank in the United States will reportedly be devoted entirely to researching cryptocurrencies.
According to a Thursday Bloomberg report, Alkesh Shah from Bank of America’s data and innovation strategy group will be leading a team looking into digital assets.

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Banks cautious about crypto ahead of COVID-19 testimony before US Senate

Major Wall Street bank executives will appear before the United States Senate Banking Committee on Wednesday to discuss the role of their financial institutions in the recovery of the American economy.

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