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Bank of America
Next Evolution of Blockchain Software Has Only Just Begun: Bank of America
Platforms like Near, Polkadot and Cardano are using new approaches to improve the trade-off between scalability, decentralization and security, a report from the bank said.
First Republic Bank's $30B Rescue
Eleven of the biggest banks in the U.S., including JPMorgan Chase and Bank of America, are giving a $30 billion lifeline to First Republic Bank in an effort to stabilize the troubled lender amid continued turmoil across the banking sector. In a press release, the banks said in part that their action "reflects their confidence in First Republic and in banks of all sizes." "The Hash" panel discusses the rescue plan and the implications for the crypto industry.
2023 Will Be Year of Crypto Token Price Divergence: Bank of America
The bank expects tokens that power smart contract-enabled blockchain platforms will outperform meme coins and governance tokens.
DeFi's Current Functionality 'Barely Scratches the Surface,' Bank of America Says
The correction in digital asset markets last year led to a shift in focus and capital from speculative trading to projects with real-world functionality, but decentralized finance’s (DeFi) current functionality "barely scratches the surface," Bank of America (BAC) said in a research report Wednesday. The banking giant added that developer activity and adoption are part of the key to success. "The Hash" panel discusses the key takeaways of the report.
Bank of America: Innovation to Expand Decentralized Finance Functionality Over Time
Developer activity and adoption is the key to success, the report said.
Digital Dollar Project Exec on the Future of CBDCs
Responding to a new Bank of America report suggesting central bank digital currencies (CBDCs) have the potential to revolutionize global financial systems, The Digital Dollar Project Executive Director Jennifer Lassiter joins "First Mover" live from Davos 2023 to discuss the future of CBDC projects. Plus, key takeaways from The Digital Dollar Project's updated version of its white paper.
CBDCs Are the Future of Money and Payments: Bank of America
Digital currencies, such as central bank digital currencies (CBDCs) and stablecoins, are the natural evolution of money and payments, Bank of America said in a research report on Tuesday. "The Hash" panel discusses the report and the outlook for CBDC adoption.
Are CBDCs the Future of Money?
Bank of America says digital currencies, such as central bank digital currencies and stablecoins, are the natural evolution of money and payments. Deloitte Tax LLP Partner Rob Massey weighs in on the report.
Deloitte Tax Partner on Digital Currency, State of Crypto Tax
Rob Massey, Deloitte Tax LLP Partner, Global & US Tax Blockchain & Digital Assets Leader, joins "First Mover" at the annual World Economic Forum in Davos, Switzerland, to discuss restoring trust in the crypto and blockchain industry following a year of contagion. Plus, his response to Bank of America's statement that digital currencies are the natural evolution of money and payments. And, the challenges posed by current tax policies in the US.
Bank of America Says CBDCs Are the Future of Money and Payments
Central bank digital currencies have the potential to revolutionize global financial systems, a report from the bank said.
