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The Multi Trillion-Dollar Stimulus Package: These Are the US Corporations Begging for Bailouts
23.3.2020
The coronavirus outbreak has caused considerable damage to the global economy and this week the U.S. is facing the onslaught of the scare. As Republicans and Democrats battle in congress over a 2020 stimulus plan, corporate industries are leaping at the chance to get a bailout. While the Fed tosses...
US Cash Crisis: Withdrawal Limits Spark Bank Run Fear
18.3.2020
The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite...
Bitcoin Gained 8.9 Million Percent Over the Last Decade
27.12.2019
2020 is fast approaching and the last decade will be behind us. Throughout the last ten years, the biggest unicorn firms were born like Uber and Airbnb. However, even though Bitcoin isn’t a company, the best investment of the decade belongs to the decentralized cryptocurrency Satoshi created....
Ex-DOJ, Capital One Exec to Lead Compliance at Crypto Payments Startup Celo Labs
26.11.2019
C Labs, the company working on Celo, is bringing on former DOJ official Jai Ramaswamy to head compliance
Cryptoworld Votes BTC after Bank of America Axes Ex PayPal CFO Account
18.11.2019
Source: iStock/E_Y_E
Always hungry for more proofs that Bitcoin (BTC) is better than traditional, centralized banking, the Cryptoverse just found more examples in the U.S. and Lebanon.
First, the U.S.-headquartered banking giant Bank of America (BoA) froze the accounts of ex PayPal Chief...
Bank of America Shuts Account of Former PayPal CFO, Without Any Explanation
18.11.2019
In a quite shocking event, Bank of America, one of the leading commercial banks in the world, closed an account of former PayPal CFO and Sequoia Capital partner Roelof Botha, and that too, without giving any explanation. While this comes as a surprise to many, there have been similar instances...
Bank of America Ices Ex-PayPal CFO’s Account, ‘Did You Buy Any Bitcoin?’
18.11.2019
Karma? Ex-PayPal CFO has his bank account arbitrarily closed, crypto community thinks it is because of buying BTC
IBM Teams Up With Bank of America to Create Cloud Technology for Financial Services
6.11.2019
In a development that is surely going to have far-reaching ramifications for the banking and financial services industry, International Business Machines (IBM) announced today that it had created a financial services centric cloud technology in partnership with Bank of America. It is a significant...
Blockchain-Shy Bank of America Quietly Pilots Ripple Technology
17.10.2019
Bank of America, the second-largest U.S. bank, has discreetly tested out Ripple’s distributed ledger technology – and may be planning to do more with it
Bank of America Is Now Hiring in Blockchain, Not Just Filing Patents
11.10.2019
Bank of America has begun hiring for blockchain positions, the first indicator that the bank plans to do much else with the tech besides filing patents
Bank of America’s Job Posting Hints It Hired a Dedicated Ripple Specialist
10.10.2019
Bank of America’s job posting suggests Ripple hook-up incoming
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Bank of America Joins R3’s Marco Polo Blockchain Global Trade Network
20.9.2019
Bank of America follows in the footsteps of Mastercard to join the Marco Polo blockchain network
Bank of America Joins Marco Polo Blockchain Trade Network
19.9.2019
The sixth-largest U.S. company has joined Marco Polo, a consortium working to bring efficiencies to international trade using blockchain tech
Analysts Project Tough Times Ahead for Banks After Gloomy Bank of America Forecasts
30.8.2019
More often than not troubles in the banking sector do not only ever stay restricted with one bank, unless of course, the issue is specific to the bank. For instance, if a bank loses its way due to risky investments, then it might not affect the whole sector, but when the issue becomes a structural...
Bank of America Files Patent for Multi-Tiered Digital Currency Wallet
19.8.2019
Bank of America has filed a patent for a digital asset wallet with multiple passwords and corresponding layers of access
Bank of America Seeks to Patent Crypto Wallet That Works Like Valet Car Key
19.8.2019
Bank of America is seeking to patent security tech for digital currency wallets that gives different users different levels of access to stored funds
Operation Food Search Gets $30,000 Donation from Bank of America
9.8.2019
As everyone knows, homelessness and hunger are problems that affect not only the poorer nations of the world but also in highly developed countries like the United States. Over the past decades, plenty of nonprofit organizations have come into existence which is involved in fighting against hunger...
Goldman-Backed Apple Card Restricts Cryptocurrency Purchases
4.8.2019
Cryptocurrencies cannot be purchased with the new Apple credit card according to the American multinational technology company’s recently published customer agreement guidelines. The Apple card’s restrictions indicate that the company’s partner, Goldman Sachs, is leery toward...
Ripple CEO Expresses His Surprise at Bank of America’s Patent Application Referencing Ripple’s Technology
25.7.2019
According to the latest reports, the CEO of Ripple, Brad Garlinghouse, has expressed his surprise at reports suggesting that a patent application has been filed by the Bank of America which references Ripple’s DLT more than one time. In his interview with Bloomberg, the CEO has stated that he...