Bank of America Has No Plans to Offer Crypto Services
Brian T. Moynihan – the CEO of Bank of America – recently confirmed that the company will not be offering crypto-related services in the near future. Though he acknowledged the…
Auto Added by WPeMatico
U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?
Strong euro and overbought readings could pressure the dollar further, showing signs of topping out—Bitcoin at risk of falling.
Crypto Market Turning Point — Most Cryptocurrencies Down 57% to Over 80% From Price Highs
Roughly six months ago, bitcoin and a number of digital assets reached all-time highs and the crypto economy crested above $3 trillion in value. Today is a different story as…
Dollar Cost Averaging or Lump-sum: Which Bitcoin strategy works best regardless of price?
A dollar invested into Bitcoin every month since December 2017 has provided investors a cumulative return of $160.
London Crypto Custodian Onboards Former Bank of America Executives
An executives team from the Bank of America will run a development unit for Cooper Technologies as the latter wants to build prime brokerage platforms focusing on digital assets, citing…
Bank of America: Crypto Can Outperform Stocks Amid Potential Fed-Propelled Recession
Bitcoin and other cryptocurrencies could outperform bonds and stocks amid a potential recession, noted Michael Hartnett, BofA’s chief investment strategist. In a recent note, he argued that the US Federal…
Bank of America Strategist Warns ‘Recession Shock’ Is Coming, Analyst Says Crypto Could Outperform Bonds
On Friday, Bank of America’s (BOFA) chief investment strategist Michael Hartnett explained in a weekly financial note to clients that the U.S. economy could head into a recession. The BOFA…
Dedicated crypto teams booming within traditional financial firms
As more and more financial giants set up crypto research teams, experts see this trend continuing to gain traction in the future.
Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks
The "Oracle of Omaha" now has more companies in his portfolio that have direct/indirect exposure to Bitcoin and similar cryptocurrencies.
Bank of America says stablecoin adoption and CBDC is ‘inevitable’
A recent note from Bank of America analysts said that a CBDC would differ from digital currencies currently available because it would be the liability of the Federal Reserve, not…