Search
Bitcoin market cap grows 60% in 2023 as top Wall Street banks lose $100B
18.3.2023
Bitcoin has decoupled from stocks and rising ten years after the Cyprus banking crisis coincided with a BTC price boom
US Bank Outflows and Concerns Mount: 11 Banks Bail Out First Republic Bank From Collapse
17.3.2023
After the fall of Silvergate Bank, Silicon Valley Bank (SVB), and Signature Bank (SNBY), First Republic Bank, a commercial bank and wealth management services provider, is the latest financial institution to receive a bailout. Close to a dozen lenders announced they will deposit $30 billion into...
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand
5.3.2023
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that...
2023 Will Be The Year of Crypto Token Price Divergence: Bank of America
28.2.2023
The bank views tokens that power smart contract-enabled blockchain platforms as growth assets exposed to similar risks as growth stocks, the report said
BRICS Nations ‘Coalescing Against the Dollar,’ Major Banks Predict More Fed Hikes, Bitcoin Records Large Blocks as Ordinals Gain Currency
26.2.2023
In spite of turbulence in traditional global finance, with BRICS nations said to be pushing for de-dollarization and major banks like Bank of America and Goldman Sachs predicting further interest rate hikes from the U.S. Federal Reserve, creativity in crypto has found a new boon in the form...
Bank of America, Goldman Sachs, JPMorgan, UBS Share Predictions About Further Fed Rate Hikes
19.2.2023
Bank of America, Goldman Sachs, JPMorgan, and UBS have shared their predictions about the Federal Reserve raising interest rates further. Bank of America and Goldman Sachs, for example, now expect the Fed to raise interest rates three more times this year. Major Banks Predict More Fed Rate Hikes...
Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
9.2.2023
Developer activity and adoption is the key to success, the report said
Bank of America Is Preparing for Possible US Debt Default, Says CEO Brian Moynihan
8.2.2023
Bank of America is preparing for a possible U.S. debt default, says CEO Brian Moynihan. He is not a fan of eliminating the debt ceiling altogether as some lawmakers have proposed. Meanwhile, Treasury Secretary Janet Yellen says “every responsible member of Congress must agree to raise...
JPMorgan CEO Says BTC Is Fraudulent, a ‘Pet Rock;’ Bank of America Says CBDCs Are ‘Natural Evolution’ — Bitcoin.com News Week in Review
29.1.2023
JPMorgan CEO Jamie Dimon has reiterated his supposed skepticism of bitcoin, recently calling it a “hyped-up fraud,” and a “pet rock.” For it’s part, Bank of America has said that it views central bank digital currencies (CBDCs) and stablecoins as a “natural...
Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report
25.1.2023
Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay. Big Banks to Launch a Digital Wallet Bank of America, JPMorgan Chase, Wells...
Bank of America: ‘Digital Currencies Appear Inevitable’
22.1.2023
Bank of America says “digital currencies appear inevitable,” adding that central bank digital currencies (CBDCs) and stablecoins are “a natural evolution of today’s monetary and payment systems.” The bank expects “private sector beneficiaries to emerge in...
Bank of America Says CBDCs Are the Future of Money and Payments
17.1.2023
Central bank digital currencies have the potential to revolutionize global financial systems, the report said
Coinbase Rally May be a Selling Opportunity, Says Bank of America
11.1.2023
Analyst Jason Kupferberg downgraded the crypto exchange to underperform from neutral, saying 2023 estimates are still too high
Bank of America Say Regulation Is Key for Mainstream Adoption of Crypto
5.12.2022
Despite the correction in cryptocurrency markets, the development of blockchain technology has accelerated, the report said
Bank of America Downgrades Crypto Exchange Coinbase to Neutral in FTX Aftermath
18.11.2022
Bank of America has had a buy rating on Coinbase throughout its long decline this year, but threw in the towel on Friday with a downgrade to neutral
Bank of America Says Crypto Exchanges' Proof of Reserves Have Too Many Shortcomings
18.11.2022
The cryptocurrency industry also needs a clear delineation between trading platforms and market makers, the bank said
Gold vs BTC correlation signals Bitcoin becoming safe haven: BofA
25.10.2022
Bitcoin’s growing correlations with gold, S&P 500 and Nasdaq 100 indicate that investors see BTC as a “relative safe haven,” BofA strategists wrote
Zuckerberg's $100B metaverse gamble is 'super-sized and terrifying,' shareholder says
25.10.2022
In an open letter, Altimeter Capital's CEO and founder recommended the tech giant cut its Metaverse investments from $10-15 billion a year to $5 billion
Bank of America rebaja calificación de Meta a neutral en medio de su incursión en el metaverso
24.10.2022
La inversión en el metaverso seguirá siendo una sobrecarga en la acción, dijo el informe
Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists
24.10.2022
Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew...