BofA Says Crypto Winter, Contagion Risk Concerns Are Overdone
The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.
The collapse of the Terra network was due to prioritization of mass adoption over price stability, the bank said.
All FDIC-supervised institutions have been asked to provide the federal banking regulator with information about their “crypto-related activities.”
The crypto bank is one of the best positioned companies to benefit from the expanding use of stablecoins, the report said.
The disconnect may reflect a number of issues, including market saturation, according to a Coinbase report.
Still, crypto market upside will likely be limited for the next six months by Fed tightening and macro headwinds.
The decentralized oracle network has secured more than $60 billion deposited into smart contracts.
BoA says it's likely a BOE digital currency would also replace checking accounts as the way in which consumers hold the majority of their funds.
Prices of solana bumped as much as 8% in the past 24 hours.
Solana and other blockchains may snag market share from Ethereum over time, the bank said in a research note.
The bank says that the increase in other revenue streams could lead to increased buying interest from institutional investors.