Bank of America

China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China’s Hunan province arrested 93 people for alle...
China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset

(Unsplash)
Bank of America Says Cryptocurrencies Continue to Act as Risk Assets
Ether continues to slide as investors shift to a wait-and-see approach regarding future upgrades, the bank said in a research report.
(Unsplash)

BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin
Crypto exchange Binance’s decision to convert all users’ investments in stablecoins USD coin (USDC), trueUSD (TUSD) and pax dollar (USDP) into its native binance USD (BUSD) ma...
BofA: Crypto Exchange Binance to Benefit From Increased Supply of BUSD Stablecoin

(Shutterstock)
Crypto Exchange Binance to Benefit From Increased Supply of Its Own Stablecoin, BofA Says
The automatic conversion of other stablecoins could increase the supply of binance USD by $908 million, the bank said.
(Shutterstock)

Crypto investors are rotating into stablecoins from more volatile assets (Jan van der Wolf/Pexels)
BofA: Crypto Buying Momentum Fades as Investors Weigh Bear Market Bounce, Recession Risk
The chance of a more hawkish Federal Reserve and the likelihood of interest rates staying higher for longer hasn't been fully priced into risky assets, the bank said.
Crypto investors are rotating into stablecoins from more volatile assets (Jan van der Wolf/Pexels)

Fund Managers Taking on Less Risk Than in 2008, Chart Reveals
Fund Managers Taking on Less Risk Than in 2008, Chart Reveals
A new chart from the Bank of America Global Fund Manager Survey shows how fund managers are taking on less risk than they were in 2008 during the financial crisis. Plus, Glass...
Fund Managers Taking on Less Risk Than in 2008, Chart Reveals

Coinbase is well positioned to navigate this crypto winter, Bank of America said. (Monicore/Pixabay)
BofA: Coinbase Exchange Is Well Positioned to Take Market Share During This Crypto Winter
JPMorgan is less optimistic than Bank of America about the company in the near term, saying Coinbase's near-term outlook is “still grim.”
Coinbase is well positioned to navigate this crypto winter, Bank of America said. (Monicore/Pixabay)

Blockchain transaction fees are a sign that blockchains have intrinsic value, a Bank of America report said. (Károly Meyer/Pixabay)
Bank of America Says Blockchains Have Intrinsic Value, Citing Transaction Fees
The bank's report, however, noted that the fees on the Bitcoin and Ethereum chains have fallen this year.
Blockchain transaction fees are a sign that blockchains have intrinsic value, a Bank of America report said. (Károly Meyer/Pixabay)

The crypto market slide has frightened off consumers. (Pezibear/Pixabay)
Bank of America Customers’ Crypto Activity Slowed as Market Slid
Almost 70% of the U.S. population hasn't invested in or isn't interested in investing in cryptocurrencies, the bank said.
The crypto market slide has frightened off consumers. (Pezibear/Pixabay)

"Crypto winter" has failed to damp investor enthusiasm for blockchain technology. (Ina Hoekstra/Pixabay)
Bank of America Says 'Crypto Winter' Concerns Haven't Frozen Investor Interest
Blockchain technology is the most significant evolution of software since the internet, the report said.
"Crypto winter" has failed to damp investor enthusiasm for blockchain technology. (Ina Hoekstra/Pixabay)