カテゴリー: Bank of America

Craig ‘Satoshi’ Wright Claims to Have Filed 666 Blockchain Patents

The race to file blockchain patents has accelerated lately with one specific firm, Nchain Holdings, attempting to capture hundreds of distributed ledger-related patents. According to reports, self-proclaimed Satoshi – Craig Wright – and his Nchain business claim to have filed 666 patent applications to date, capturing a gigantic portfolio of intellectual property. Also Read: Jeff […]

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How the World’s Leading Banks Help Launder $2 Trillion a Year

The World's Leading Banks Help Launder $2 Trillion a YearSome of the most well known banks in the world are also the biggest money launderers. The recent Troika Laundromat affair added another $8 billion to the trillions financial institutions wash every year. Over $2 trillion is laundered annually by criminals who utilize various ways to hide money in banks, which are often complicit or […]

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The Daily: UFC 232 to Have Official Crypto Partner, 5% of Israelis Use Bitcoin

The Daily: UFC 232 to Have Official Cryptocurrency Partner, 5% of Israelis Use CryptoIn today’s edition of The Daily we feature the latest sports sponsorship by the cryptocurrency community. We also cover stories about new statistics on bitcoin usage in Israel, mining malware growth during 2018, and another bank blockchain patent. Also Read: Investment Robo-Adviser Wealthfront Adds Support for Coinbase UFC 232 to Have Official Cryptocurrency Partner The Litecoin […]

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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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