During a recent podcast interview, Michael Saylor explained that Bitcoin being bought and custodied by corporations should not be feared, outlining three main reasons driving the need for custodians. During a recent podcast interview, MicroStrategy’s Michael Saylor expressed the opinion that large corporations purchasing and holding Bitcoin (BTC) in their custody should not be a…
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A new report by the Bank of America suggests that PayPal’s new stablecoin, PYUSD will not record the projected adoption in the near term citing tougher competition and indifference of investors. Per the report, the launch of the new stablecoin by the financial giant is great for the digital asset community and the company itself…
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JPMorgan’s economists have jettisoned previous predictions of an impending U.S. recession. Their chief U.S. economist, Michael Feroli, is confident that the American economy will maintain a modest but steady growth trajectory throughout the remainder of the current year and well into 2024. JPMorgan Foresees U.S. Economic Growth Amid ‘Ridiculous’ Fitch Downgrade and Recession Fears Echoing…
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The aftermath of the court ruling in the Securities and Exchange Commission’s (SEC) case against Ripple continues to be debated along many lines as industry analysts mirror the judgment to find needed regulatory direction. In a new research report released on Friday, Bank of America (BAC) opined that a holistic look at the ruling shows…
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The Bank of America’s metaverse trains staff on resolving customer disputes or helps them relax by riding a virtual unicorn. Stick em’ up! Bank robbery drills in the Metaverse The Bank of America is mixing a virtual reality metaverse and artificial intelligence to train new employees on everything from handling angry customers to bank robberies.…
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Bank of America has come under scrutiny after a Coinbase user claimed that the bank closed his account over Bitcoin transactions. Coinbase CEO Brian Armstrong quickly addressed the issue, asking other users if they have encountered the same problem with Bank of America. Coinbase’s CEO Raises Concerns Over Account Closures at Bank of America Bank…
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Following the aftermath of the United States’ three major bank collapses, several market observers argue that the banking crisis in the country persists. Bank of America has recently garnered significant attention, with the Federal Deposit Insurance Corporation (FDIC) reporting that the financial behemoth incurred paper losses exceeding $100 billion by the close of the first…
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According to Bank of America analysts, the Nigerian currency is currently undervalued and will likely end the year trading at around NGN680 per dollar. The analysts assert that higher oil revenues and a liberalized import regime will likely see Nigeria record current account surpluses in the medium term. Freely Floating Naira Just under a month…
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The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has said it stands by its story and called on the central bank to provide facts to disprove…
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Citigroup analysts foresee a significant increase in silver’s value, potentially hitting $30 per unit within the next 6-12 months, according to the multinational bank’s latest silver assessment. The experts at Citi predict an ongoing decline of the U.S. dollar and anticipate a decrease in the federal funds rate at some point. Silver’s Value Poised to…
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