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.Read more
Despite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America, this could indicate that the current bull cycle’s market top is still to come.Read more
The second-largest bank in the United States is now reportedly using blockchain technology for settling stock trades.
According to a Bloomberg report on Monday, Bank of America has joined Paxos Settlement Service, a platform capable of same-day settlement of stock trades using blockchain technology.
Bank of America (BoA) has joined with Paxos Blockchain Stock Settlement Network in the latest sign that Wall Street is inching closer to crypto.
It was announced Monday that Bank of America has joined with Paxos, a blockchain-based settlement network for U.S. equities.
Bank of America is set to join Paxos Network to settle stock trades.
The move will enable transaction settlements in minutes rather than days, Paxos says.
Bank of America is the latest of several major banks to adopt blockchain technology to improve its operations.
Bank of America released a new survey that found that the majority of professional investors are not very optimistic about the world’s largest cryptocurrency.
Nearly 75% of respondents in the April BofA Fund Manager Survey said that they see Bitcoin as a “bubble,” CNBC reported.
In another throwback to the 2017 bull market, a major United States bank fund manager survey, or FMS, has put Bitcoin at the pinnacle of positive investor sentiment.
According to Reuters, 36% of respondents identified a long Bitcoin bet as the most crowded trade ahead of long tech in a Jan.
The dollar value of Bitcoin (BTC) jumped 20% overnight leading into Jan. 12, as the world’s most well-known cryptocurrency recovered swiftly from a 27% decline suffered just days before.Read more
Michael Hartnett, Chief Investment Strategist at BofA, recently suggested this latest Bitcoin rally could be leading into “the mother of all bubbles”.
Over the Christmas season Bitcoin more than doubled in value. It saw new all-time-highs after attracting a swath of institutional investment.Read more