Wall Street Firms Advise Clients Against Investing in Crypto, Says Wealth Manager

Top U.S. banks JPMorgan Chase and Goldman Sachs could be talking their clients out of crypto, according to a wealth manager. JPMorgan Chase and Goldman Sachs are advising their clients against Bitcoin (BTC), according to one American wealth manager.  Adam Pokornicky, chief operating officer at Digital Asset Investment Management (DAIM), a U.S.-registered investment advisor for […]

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Bank of America’s Blockchain Foray: Patent Trolling or Hedging Risks?

While the nation’s second-largest bank is remarkably active in registering novel blockchain-powered solutions, critics fear that this might be not in the industry’s long-term interest. Earlier this week, Bank of America (BofA), one the United States’ largest financial institutions, made a massive splash in the crypto sphere as the details of its recently registered patent, entitled […]

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Bank Of America Automates FX Conversion For Smaller FIs

Bank of America Merrill Lynch (BofA Merrill) is introducing a new solution for other financial institutions (FIs) in the interbank payment system to automate foreign exchange (FX) conversion. The new solution, AutoFX, aims to make it easier for smaller banks to streamline cross-border payments for their customers by automating foreign exchange conversion before the transaction occurs, […]

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Hodler’s Digest, October 1-8: WSJ Gets In and Out of Crypto, While BofA Sees a $7 Billion Future for Blockchain

The Wall Street Journal creates, then gets rid of, its own cryptocurrency and the Petro may be ready for public sale in November. Coming every Sunday, the Hodler’s Digest will help you to track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, […]

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