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Blockchain Economy Istanbul Summit  •  
February 20, 2019

# Bank of America News

The Bank of America (BOA) on December 26, 2018, filed a patent that allows them to develop blockchain based devices to handle cash. These are cash handling devices whose aim is to bring about efficient, faster, and traceable transactions, according to a Finance Magnates report. BOA Doing More with Distributed...
In an interview on CNBC, Catherine Bessant of the Bank of America (BofA), said cryptocurrencies as payment system are "troubling," as it makes it difficult to catch those who make use of the virtual currency for illegal transactions. Therefore, BofA will disallow the use of its credit or debit cards...
Several top investment pros are once again declaring the death of bitcoin amid its recent price plunges. In fact, one Bank of America analyst called the pioneer cryptocurrency the “greatest bubble in history,” and said it’s popping right now. Bitcoin evangelists, who have been around since the beginning, have heard...
February 27, 2018 by at Altcoins, Bitcoin, Business, Finance, News, Tech
Bank of America, the second-largest bank in the United States based on the volume of total assets has admitted that cryptocurrencies are a threat to their business model and could limit their capability to track funds. This admission was made known as part of the bank’s 10-K filing with the...
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