Tag: Bank of America

  • bank of america
    Bitcoin

    Bitcoin is 300 Times Cheaper Than Wire Transfers, Banks Take 83% Profit

    Since 2017, so-called “experts” in the finance sector have criticized Bitcoin for being too expensive. Yet, banks are pocketing 83 percent profit on every wire transfer. According to Bank of America’s official data, the $302 billion bank charges $30 for outbound domestic wire transfer and $35 for outbound...

    Joseph Young | September 18, 2018 | 1:00 pm
  • Blockchain

    Hyundai Advertises Blockchain to 20 Million Viewers in World Cup Match

    A blockchain advert has been capitalising on the huge attention on the 2018 FIFA World Cup. At half-time during the England 2-0 win over Sweden, the advert by a Hyundai subsidiary proclaimed the benefits of blockchain technology to almost 20 million viewers. Hyundai Ad Showcases Blockchain A blockchain...

    tim copeland | July 8, 2018 | 8:00 am
  • Wells Fargo
    Industry

    Wells Fargo Becomes Latest to Ban Credit Card Crypto Purchases

    Wells Fargo has announced that it will begin to block all cryptocurrency purchases on credit cards under the Wells Fargo name. Wells Fargo Imposes Credit Card Restrictions Despite the ban, Wells Fargo has implied that the ban may only be temporary. To clear up the waters regarding this issue,...

    Nick Chong | June 12, 2018 | 10:00 pm
  • Blockchain

    Bank of America Secures Another Permissioned Blockchain Patent

    Financial institutions are paying close attention to the blockchain. Various patent filings have been made public over the past few weeks and months. Bank of America was recently awarded a patent related to letting users access a certain blockchain network. A remarkable development which brings the financial sector...

    JP Buntinx | May 23, 2018 | 11:30 am
  • Blockchain

    Blockchain Will Drive Next Industrial Revolution: Major Wall Street Firm

    Steve Chiavarone, VP at financial services firm Federated Investors, talked-up blockchain in an interview with CNBC May 11, calling the technology an “economic growth driver” and listing it among five “key technologies” that he believes will “drive this next industrial revolution.” Blockchain: Economic Growth Driver When asked whether blockchain...

    Thomas Delahunty | May 13, 2018 | 9:17 am
  • patent
    Bitcoin

    Bank of America Holds 45 Crypto-Related Patents

    A patent grants its holder exclusive rights to an invention, such as a piece of technology, for a certain period of time. While designed as a means of protecting the intellectual property of inventors, the system is not without its critics who believe that patenting deters innovation and...

    Thomas Delahunty | February 17, 2018 | 12:30 am
  • creditcards
    Industry

    Credit Card Companies Spooked by Crypto Scams

    As crypto becomes more popular the number of cyber criminals looking for some easy pickings will increase. Online scams are nothing new but the nature of cryptocurrencies means that those without the technical expertise will be additionally vulnerable. Banks and credit card issuers have acknowledged this which may...

    Martin Young | February 11, 2018 | 4:17 am

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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