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Bank of America News

Bank of America (BofA) is an American financial conglomerate providing a wide range of financial services and is one of the largest bank holding companies in the USA in terms of assets. It was founded in 1904 and currently headquartered in Charlotte, NC. BofA has become the first financial establishment that has included cryptocurrency in a report about forthcoming financial risks. According to Bank of America, cryptocurrency is not just a threat for their budget, but it complicates the work of preventing money laundering. Also, the company has shown its dependence on innovations made in the market of financial services, including blockchain technology, which can demand a large amount of spending for its implementation. Despite the fact that the holding has expressed skepticism about using Bitcoin, Bank of America has registered some cryptocurrency-related patents in order to prevent customer outflow.

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Catherine Bessant admitted that the institution has yet to find blockchain use cases for the financial services sector.

Bank of America CTO Catherine Bessant: We Haven’t Found a Blockchain Use Case in Finance

Adrian Zmudzinski

2019-05-15T12:24:00+01:00

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A new strain of Trojan malware for Android phones is targeting global users of top crypto apps such as Coinbase, BitPay and Bitcoin Wallet.

Android Malware Targets Users of 32 Crypto Apps, Including Coinbase, BitPay

2019-03-29T10:31:00+00:00

19200

Catherine Bessant defended the bank’s record patent stockpile, arguing it was nevertheless necessary to be prepared for change.

Bank of America CTO Catherine Bessant: I’m Privately Bearish on Blockchain

2019-03-26T12:44:00+00:00

4506

The U.S.’ second largest bank already has over 50 blockchain-related patents — more than any other entity.

Bank of America Reveals New Blockchain Patent Targeting Cash Handling

2018-12-25T17:03:00+00:00

20656

The Bank of America has won a patent for a system for enterprises to store customers’ crypto deposits.

Bank of America Wins Patent for Storing Clients’ Crypto Holdings in Enterprise Accounts

2018-11-14T09:20:00+00:00

13283

Bank of America leads in the blockchain patent race

Bank of America Has the Most Blockchain Patents, But Is It Actually Going to Use Them?

2018-11-04T23:20:00+00:00

15943

Bank of America has gained over 50 blockchain-based patents so far in what executives say is a plan to “be prepared.”

Bank Of America Adds Private Key Storage Filing to Stockpile of Blockchain Patents

2018-10-31T09:43:00+00:00

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Hodler’s Digest

The Wall Street Journal creates, then gets rid of, its own cryptocurrency and the Petro may be ready for public sale in November.

Hodler’s Digest, October 1-7: WSJ Gets In and Out of Crypto, While BofA Sees a $7 Billion Future for Blockchain

Molly Jane Zuckerman

2018-10-07T16:15:00+01:00

8069