Tag: Bank of America
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Younger People Are 7.5 Times More Likely to Have Cryptocurrencies in Their Portfolios, According to a Bank of America Survey of Wealthy Americans
Younger, wealthy Americans are 7.5 times more likely than investors 43 and older to have cryptocurrency in their portfolios, according to research from Bank of America. Where do the newest generation of investors see opportunities for investment growth if they lack confidence in stocks? Cryptocurrencies, which are their top option, are alternatives, the bank wrote.…
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Bank of America CEO: Regulation Will Prevent Us From Engaging in Crypto; Kiyosaki Discusses Depression, Civil Unrest, and More — Bitcoin.com News Week in Review
Bank of America’s CEO claims that his company has hundreds of blockchain patents, but that regulations will prevent it from participating in the cryptocurrency market. He stated, “The reality is that we can’t do it by regulation.” In an interview with Yahoo Finance Live from the recent World Economic Forum in Davos, Bank of America…
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Bank of America Files Patent for Blockchain-based Processing System
Bank of America has filed a pair of patents for a Blockchain-based system aimed to improve the tracking of file transfer processing in real time. Under the system, a Blockchain can be integrated with communications and memory devices to facilitate the data processing process. Based on the patent applications as of mid-October 2017, the bank proposes the use of a Blockchain to…
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Bank Of America Files 9 Blockchain-Based Patent Applications
The US Patent and Trademark Office (USPTO) has published in late August 2017 nine additional patent applications related to Blockchain technology that was filed by Bank of America. The patents, which relate to the carrying out and settling transactions within a payment network, were all filed on Feb. 22, 2017. So far, the bank has already filed over 30 Blockchain…