Bank of America

Bank of America Predicts PayPal’s Stablecoin Unlikely to Be Used Widely Anytime Soon
Bank of America Predicts PayPal’s Stablecoin Unlikely to Be Used Widely Anytime Soon
The launch of PayPal’s (PYPL) stablecoin PayPal USD (PYUSD) will drive payments efficiencies and an improved customer experience, but adoption of the cryptocurrency is unlikel...
Bank of America Predicts PayPal’s Stablecoin Unlikely to Be Used Widely Anytime Soon

Bank of America doesn't believe PayPal's new stablecoin will gain widespread adoption in the near future. (Shutterstock)
PayPal’s Stablecoin Not Likely to Be Used Widely Anytime Soon: Bank of America
Longer term, the bank sees much more competition for the token.
Bank of America doesn't believe PayPal's new stablecoin will gain widespread adoption in the near future. (Shutterstock)

Coinbase CEO Brian Armstrong (CoinDesk archives)
Coinbase CEO Brian Armstrong Asks Twitter Followers if Their BofA Accounts Were Closed Because of Crypto Transactions
The Coinbase CEO created a Twitter poll posing the question, and a whopping 9% of respondents said “yes.”
Coinbase CEO Brian Armstrong (CoinDesk archives)

Bank of America (Taylor Simpson/Unsplash)
Crypto Market Near-Term Upside Is Likely Capped: Bank of America
The bank expects digital asset trading volumes to remain subdued, with retail investors remaining on the sidelines.
Bank of America (Taylor Simpson/Unsplash)

(Taylor Simpson/Unsplash)
Tokenization of Real-World Assets a Key Driver of Digital Asset Adoption: Bank of America
The tokenized gold market reached over $1 billion in value last month, the report said.
(Taylor Simpson/Unsplash)

(Dimitri Wittmann/Pixabay)
Here Is What Institutions Are Saying About Ethereum's Shanghai Upgrade
The upgrade, scheduled for later Wednesday, will enable validators to withdraw staked ether.
(Dimitri Wittmann/Pixabay)

(Taylor Simpson/Unsplash)
Ethereum’s Shanghai Upgrade Only a Small Step Forward: Bank of America
The blockchain’s likely inability to increase throughput in the short term and increasing competition from alternative networks will constrain its adoption and usage, the repo...
(Taylor Simpson/Unsplash)

The Near platform needs to do more to attract new users, Bank of America said. (Zack Seward/CoinDesk)
Next Evolution of Blockchain Software Has Only Just Begun: Bank of America
Platforms like Near, Polkadot and Cardano are using new approaches to improve the trade-off between scalability, decentralization and security, a report from the bank said.
The Near platform needs to do more to attract new users, Bank of America said. (Zack Seward/CoinDesk)

First Republic Bank's $30B Rescue
First Republic Bank's $30B Rescue
Eleven of the biggest banks in the U.S., including JPMorgan Chase and Bank of America, are giving a $30 billion lifeline to First Republic Bank in an effort to stabilize the t...
First Republic Bank's $30B Rescue

Bank of America thinks 2023 will be the year of price divergence among cryptocurrencies. (Taylor Simpson/Unsplash)
2023 Will Be Year of Crypto Token Price Divergence: Bank of America
The bank expects tokens that power smart contract-enabled blockchain platforms will outperform meme coins and governance tokens.
Bank of America thinks 2023 will be the year of price divergence among cryptocurrencies. (Taylor Simpson/Unsplash)