Bank of America’s analyst says that Solana could take market share away from Ethereum. Noting that Solana is optimized for micropayments, gaming, and non-fungible tokens (NFTs), the analyst expects “S...
Tag: Bank
Bank of America endorse Solana
TL;DR Breakdown Bank of America analyst endorses Solana. Analyst says Solana is in line to be Ethereum killer. FTX CEO says Solana could be next BTC. Alkesh Shah, an analyst at Bank of America, has pa...
Bank of America says 5G ‘comes alive’ in 2022 — it sees big upside potential for 3 smaller-name stocks that could give you a piece in a pivotal year
Bank of America says 5G ‘comes alive’ in 2022 — it sees big upside potential for 3 smaller-name stocks that could give you a piece in a pivotal year 2021 turned out to be a great year for many 5G stoc...
State Bank of Pakistan recommends a cryptocurrency ban
The State Bank of Pakistan is contemplating a complete ban on crypto assets. The institution notes that cryptocurrencies present certain risks, and is even referred to countries like China that have b...
Swiss National Bank partners with five banking giants to test CBDCs
The Swiss National Bank has worked with some leading financial institutions globally to look into central bank digital currencies (CBDCs). Through this partnership, the institution successfully integr...
Should I buy Coinbase shares after a positive view from Bank of America?
Coinbase Global, Inc. (NASDAQ: COIN) shares have weakened more than 10% since the beginning of the 2022 year, and the current share price stands at $228. Bank of America has a positive view of the sha...
OCC Chief: Bank Regulation Can Put ‘Stable’ in Stablecoins
The Office of the Comptroller of the Currency (OCC) is charged with regulating all national banks within the U.S. But its acting head implied the agency has the wherewithal to bring stablecoins under ...
Swiss starts CBDC trials featuring the national bank
TL;DR Breakdown The Swiss National Bank has announced the beginning of testing their CBDC with five banks to determine its interoperability. The CBDC tests aim to determine how the coin will function ...
Here’s Why Big Bank Stocks Like JPMorgan Are Struggling Despite Solid Earnings
Topline Shares of several major banks tanked on Friday—even after reporting solid quarterly earnings—as reports underwhelmed investors and some firms warned about rising expenses and “inflationary pre...
Swiss National Bank Trials CBDC in Transactions With Five Banks – Finance Bitcoin News
The Swiss National Bank has successfully employed a wholesale CBDC to settle transactions with five commercial banks, the monetary authority announced. The tests are part of an experiment carried out ...
Seba Bank CEO forecasted Bitcoin Could Rally to $75K
A prediction has been made by the Chief Executive Officer of Swiss bank Seba that Bitcoin might hit the milestone of $75,000 in 2022. Goldman Sachs also made a forecast recently, stating that Bitcoin ...
Bank Stocks: JPMorgan Earnings Top Views; Citigroup Wells Fargo On Tap
JPMorgan Chase (JPM) and Wells Fargo (WFC) reported better-than-expected fourth-quarter earnings early Friday, with Citigroup (C) on tap before the open, amid the Federal Reserve’s plan to raise...
Solana Could Flip Ethereum To Become “Visa Of Crypto,” New Study By Bank Of America Shows
New research from Bank of America Reveals Solana might become the “Visa of the digital asset ecosystem.” Because of its focus on scalability, ease of use, and low transaction costs, the bank stated th...
Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition – Finance Bitcoin News
The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with ser...
Pakistan central bank urges ban on crypto
According to a report submitted to the Sindh High Court (SHC) on Wednesday, the federal government and the State Bank of Pakistan are urging an outright ban on transacting in all cryptocurrencies. As ...
Stock futures are flat ahead of major bank earnings
U.S. stock index were little changed during overnight trading on Thursday, ahead of earnings from the major banks on Friday. Futures contracts tied to the Dow Jones Industrial Average advanced 29 poin...
Swiss National Bank, Citigroup, and Goldman Tested a Joint CBDC Project: Report
The Swiss National Bank (SNB), together with five other banking giants, have reportedly tested whether they can process central bank digital currencies within the nation’s financial network. The insti...
Top Ethereum Rival Could Become the ‘Visa’ of Crypto Assets, According to Bank of America Analyst
An analyst from financial giant Bank of America is saying that smart contract platform Solana (SOL) could become the “Visa” of digital assets. According to a new report, Alkesh Shah says that while to...
Swiss central bank trials wholesale CBDC with BIS and commercial lenders
advertisement The Swiss National Bank (SNB) has successfully tested the integration of a wholesale central bank digital currency (CBDC) settlement with commercial banks. According to an announcement b...
Pakistan’s Central Bank Recommends a Total Crypto Ban (Report)
The State Bank of Pakistan (the nation’s central banking institution) and the Federal government are reportedly contemplating imposing a complete ban on all cryptocurrency endeavors. The authorities c...
Why Bank of America Envisions Solana Becoming The “Visa of Crypto” And Snagging A Big Chunk Of Ethereum’s Market Share ⋆ ZyCrypto
Advertisement     Bank of America (BoA) offered what is perhaps the greatest praise a leading U.S banking institution could accord to a crypto asset: it likened it to ...
Hong Kong’s Central Bank to Reveal Plans for Crypto Regulations Come July 2022
The de facto central bank of Hong Kong intends to have a new regulatory framework in place for crypto assets by July. This comes as the city races with Singapore to become a major center for the indus...
Institutions Will Push Bitcoin Price to $75,000 This Year, Says SEBA Bank CEO
According to Guido Buehler – Chief Executive Officer of the Swiss-based SEBA Bank – bitcoin will reach a new all-time high in 2022. The exec believes institutional investments will be the main factor ...
Solana could become the Visa of crypto: Bank of America
Solana set to take Ethereum’s market share, experts believe Solana gets a competitive edge as it has a low transaction fees Ethereum has less scalability compared to Solana Bank of America advanced re...
Solana Could Become The ‘Visa Of Crypto,’ Bank Of America Strategist Says
Solana is one of the crypto giants contributing $47 billion to the crypto market. The currency came into existence in 2020 and has been on an upward spiral ever since. Bank of America states that Sola...
Hong Kong’s Central Bank Says Stablecoins Have Capacity To Enter Mainstream Financial System
Hong Kong’s central bank, the Hong Kong Monetary Authority (HKMA), is seriously mulling over how to properly regulate stablecoins. The HKMA thinks that while stablecoins still pose a risk to financial...
Swiss central bank tests wholesale CBDC with commercial partners
Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system. The Swiss National Bank (SNB), the country’s centr...
Is the SOL token worth investing in after its praise by a Bank of America strategist?
Solana SOL/USD is a blockchain platform specifically designed for the process of hosting decentralized as well as scalable applications. It is based on the Proof-of-Stake (PoS) consensus model and use...
German Online Bank N26 to Launch Cryptocurrency Trading Business This Year – Bitcoin News
N26, a German online neobank, has announced it will get into the cryptocurrency trading business this year. The announcement was made by Max Tayenthal, co-founder and a CEO of the company, who pondere...
SEBA Bank Raises CHF 110 Million to Accelerate International Expansion
To grow its international presence, Switzerland-based digital assets banking platform, SEBA Bank today announced that the company has raised CHF 110 million in a Series C investment round. The FINMA-l...
Pakistan Central Bank and Federal Government Recommend Complete Crypto Ban
Pakistan’s central bank and the federal government have recommended that crypto be completely banned. The report they have formed has been sent to the law and finance ministries for further review. Re...
Solana could become the ‘Visa of crypto’: Bank of America
Bank of America digital asset strategist Alkesh Shah has predicted that Ethereum competitor Solana could become the “Visa of the digital asset ecosystem” in a Jan 11 research note. The Solana network ...