Nasdaq to Offer Crypto Custody by Q2 as Bank of America Highlights TradFi Benefits
Nasdaq, the second-largest stock exchange in the world by market capitalization, is planning to launch a crypto asset custody service by the end of Q2 2023, according to a report by The Block. The move is part of a broader trend of traditional finance, or TradFi; firms entering the crypto space and offering institutional-grade products […]
US Banks Are Unable to Completely Finance Crypto Miners
At a congressional hearing on Wednesday, the heads of major US Banks like Citigroup, Bank of America, and Wells Fargo were questioned. Leading American banks’ executives announced on Wednesday that they have no plans to provide financing for cryptocurrency miners. During a hearing of the House Financial Services Committee, Rep. Brad Sherman (D-Calif.), a critic […]
Merge: Ether Volatility Continues
In a research note, the bank told clients that investors want to know more about The Ether Merge and its meaning. Bank of America said in a note on Friday that the rise in the price of Ether (ETH) from mid-July to mid-August may continue to fade as investors try to figure out what the […]
Bank of America data highlights 20 US publicly traded companies with crypto exposure
Bank of America (BofA) statistics shows Walt Disney, Fox Corporation, and JP Morgan are among a list of 20 U.S. companies with some level of exposure to crypto and digital assets. Companies like Morgan Stanley, Signature Bank, and Warner Music Group, according to a BofA research released on Monday, have some exposure to digital assets […]
Bank of America starts trading Bitcoin futures
America’s second-largest bank, Bank of America has announced that it is allowing its customers to invest in the Bitcoin Futures market. According to a recent Coindesk report, many investors are preparing to open a Bitcoin futures trading account, with a few having already done so. The US banking behemoth also announced the formation of a […]