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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.

Top News

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The Bank of America has estimated that blockchain could be a $7 billion market and provide a major boost to corporate giants such as Microsoft and Amazon.

Bank of America: Blockchain Market Could Hit $7 Bln, Will Give Boost to Amazon, Microsoft

2018-10-02T21:31:00+01:00

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BofA has filed a new patent for managing the communication of data from Internet of Things devices.

Bank of America Files New Patent for Multiple Digital Signatures on a Distributed System

2018-09-24T19:22:00+01:00

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Japan’s Nippon Telegraph and Telephone is mulling over using blockchain for contract storage, a patent filing reveals.

World’s Number Four Telecoms Provider Files Blockchain Contract Storage Patent

2018-07-20T10:36:00+01:00

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Bank of America has added to its pile of blockchain patents this week with the release of a blockchain-based external data validation system filing.

Bank of America Reveals Blockchain Patent for External Data Validation

2018-07-18T13:02:00+01:00

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Hodler’s Digest

In a series of strong wins for blockchain adoption this week, Facebook is considering the technology for its messaging app, West Virginia ran the US’s first blo...

Hodler’s Digest, May 7-13: From Facebook To NYSE, Mainstream Thinks Of Adoption

Molly Jane Zuckerman

2018-05-13T19:05:00+01:00

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Bank of America CTO Kathy Bessant has told mainstream media customers will continue to be banned from buying Bitcoin using its credit cards.

Bank Of America CTO Calls Bitcoin ‘Troubling’, Reconfirms Credit Card Purchase Ban

2018-05-10T14:36:00+01:00

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The Bank of America’s patent for a Blockchain-based storage system has been published by the US Patent and Trademark Office.

Bank Of America Seeks Patent On Blockchain-Based Data Storage System

2018-04-13T00:47:00+01:00

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The news cycle has again fixated on covering the reasons why Bitcoin is a “bubble” that may or may not be in the process of “popping”

Media Hype Falsely Reports Bitcoin As ‘Greatest Bubble In History’

Molly Jane Zuckerman

2018-04-11T14:50:00+01:00

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