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Tag: Bank of America

Bank of America Prohibits Customers From Purchasing Cryptos Using Their Debit & Credit Cards

Category: Altcoins, Bitcoin, Blockchain, Business, Finance, News, Tech

Bank of America Prohibits Customers From Purchasing Cryptos Using Their Debit & Credit Cards

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 for the purchase of virtual currency. Crypto Is “Troubling” as…

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Bank of America: Bitcoin Bubble Is Bursting

Category: Bitcoin, Business, Commentary, Finance, News, Regulation

Bank of America: Bitcoin Bubble Is Bursting

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 all this before. Analysts: Bitcoin Has Peaked Michael Hartnett, the…

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Bank of America: Cryptocurrencies Could Limit our Capability to Track Funds

Category: Altcoins, Bitcoin, Business, Finance, News, Tech

Bank of America: Cryptocurrencies Could Limit our Capability to Track Funds

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 United States Securities and Exchange Commission (SEC) on February 22,…

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