Bank of America

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 unlikely to be significant in the near term, Bank of America said in a research report on Thursday. "The Hash" panel discusses the outlook for PYUSD and why this is a project to watch.

Aug 11, 2023

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 troubled lender amid continued turmoil across the banking sector. In a press release, the banks said in part that their action "reflects their confidence in First Republic and in banks of all sizes." "The Hash" panel discusses the rescue plan and the implications for the crypto industry.

Mar 17, 2023

The correction in digital asset markets last year led to a shift in focus and capital from speculative trading to projects with real-world functionality, but decentralized finance’s (DeFi) current functionality "barely scratches the surface," Bank of America (BAC) said in a research report Wednesday. The banking giant added that developer activity and adoption are part of the key to success.  "The Hash" panel discusses the key takeaways of the report.

Feb 9, 2023

Responding to a new Bank of America report suggesting central bank digital currencies (CBDCs) have the potential to revolutionize global financial systems, The Digital Dollar Project Executive Director Jennifer Lassiter joins "First Mover" live from Davos 2023 to discuss the future of CBDC projects. Plus, key takeaways from The Digital Dollar Project's updated version of its white paper.

Jan 18, 2023

Digital currencies, such as central bank digital currencies (CBDCs) and stablecoins, are the natural evolution of money and payments, Bank of America said in a research report on Tuesday. "The Hash" panel discusses the report and the outlook for CBDC adoption.

Jan 17, 2023

Bank of America says digital currencies, such as central bank digital currencies and stablecoins, are the natural evolution of money and payments. Deloitte Tax LLP Partner Rob Massey weighs in on the report.

Jan 17, 2023

Rob Massey, Deloitte Tax LLP Partner, Global & US Tax Blockchain & Digital Assets Leader, joins "First Mover" at the annual World Economic Forum in Davos, Switzerland, to discuss restoring trust in the crypto and blockchain industry following a year of contagion. Plus, his response to Bank of America's statement that digital currencies are the natural evolution of money and payments. And, the challenges posed by current tax policies in the US.

Jan 17, 2023

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 allegedly laundering up to RMB 40 billion ($5.6 billion) using crypto. Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America (BAC) said in a research report Friday.

Sep 26, 2022

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) may generate limited additional revenue in the short term, but could have larger implications in the long term, Bank of America reported. "The Hash" hosts discuss what this means for the state of the stablecoin markets.

Sep 9, 2022

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, GlassNode data showing bullish trends in the options open interest for BTC and ETH.

Aug 11, 2022