カテゴリー: Bank of America

Bank of America Files Patent for Cryptocurrency Custody System

Bank of America Files Patent for Cryptocurrency Custody SystemThe Bank of America Corporation has filed with the U.S. Patent and Trademarks Office for a secure means for the storage and custody of cryptocurrencies. The filing describes a system for recording and storing data pertaining to cryptocurrency transactions designed for enterprises. Also Read: UK Banks Freeze Company’s Accounts After Owner Traded on Localbitcoins Bank of […]

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Barclays, 300 Year-Old UK Legacy Bank, Files Crypto Patents

Barclays, 300 Year Old UK Legacy Bank, Files Crypto PatentsThe UK’s Barclays, arguably the most powerful international corporate bank in the world, filed two crypto-related patents this week. The 300 year-old legacy bank gobbled up exclusivity over cryptocurrency transfers and distributed ledger data storage. There appears to be a trend for companies, both in and out of the ecosystem, aiming to lock up the […]

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Patent Data Reveals the Banking Sector’s Strange Relationship with Bitcoin

Patent Data Reveals the Banking Sector’s Strange Relationship with BitcoinBanks and bitcoin are odd bedfellows, but they do share some things in common. To its proponents, bitcoin is the future of money, but it still takes “traditional” money to purchase cryptocurrency, and right now, banks control the conduits. If these oligarchs have their way, they’ll also have a controlling stake in the crypto sphere […]

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Some Major Canadian Banks Still Allow Cryptocurrency Credit Card Transactions

Some Major Canadian Banks Still Allow Cryptocurrency Credit Card TransactionsWhile TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday. Also read: Indians Look to Buy Bitcoin Overseas as Regulations Tighten TD Bank Halts Crypto Credit Card Purchases Canada’s largest bank […]

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Bank of America Acknowledges the Threat Posed by Cryptocurrency

Bank of America Acknowledges the Threat Posed by CryptocurrencyFor all the inroads that bitcoin has made on the current financial system, it has yet to threaten their ascendancy. The CEOs of Paypal, Visa, and other legacy payment systems may have been monitoring the rise of cryptocurrencies, but they have not been losing sleep over them. Now, in a frank report to the SEC, […]

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Bank of America Has Filed More Cryptocurrency Patents Than Any Other Company

Bank of America Has Filed More Cryptocurrency Patents Than Any Other CompanyThink of cryptocurrency developers and names like Satoshi Nakamoto, Gavin Andresen, and Nick Szabo spring to mind. Individuals who place principles ahead of profit and are more aligned with open source principles than filing patents and closely guarding their secrets. The only secret Satoshi guarded was his identity. It may come as a surprise then […]

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Citibank India to Not Permit Card Customers Purchasing or Trading Crypto

Citibank India to Not Permit Card Customers Purchasing or Trading CryptoCitibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over a century old institution is following a growing number of traditional banks in cutting off access to […]

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Major British Credit Card Issuers Ban Customers From Buying Cryptocurrencies

Major British Credit Card Issuers Ban Customers From Buying CryptocurrenciesBritain’s largest banking group is banning its credit card customers from buying cryptocurrencies including bitcoin. Credit card issuers that are banning crypto transactions include the UK’s largest retail bank, Lloyds Bank, Bank of Scotland, Halifax, and MBNA. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Largest British Banking Group Banning Crypto Britain’s […]

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Bank of America Becomes the Latest Credit Card-Issuer to Ban Bitcoin

Bank of America Becomes the Latest Credit Card-Issuer to Ban BitcoinU.S. banks really aren’t big on bitcoin. That’s the inference to be drawn from a widespread crypto crackdown led by major financial institutions. Bank of America, the country’s second largest bank, is the latest player to give bitcoin the thumbs down, joining JP Morgan Chase and Citigroup in seeking to distance itself from cryptocurrency purchases […]

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Two More Bitcoin ETF Proposals Withdrawn

Two More Bitcoin ETF Proposals WithdrawnThe US Securities and Exchange Commission (SEC) reportedly informed two bitcoin exchange-traded fund (ETF) aspirants their cryptocurrency products lack enough liquidity and are problematic in discovering valuation. Also read: Bitcoin Turns 9 Years Old Two Firms Withdraw Bitcoin ETF Proposals from SEC Wall Street’s main regulatory body, the US Securities and Exchange Commission (SEC), sent […]

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