Bank of America

Bank of America Wins Patent for Private Key Storage

Author Ian CooperPosted on Categories Banking, Blockchain, Crypto Technology, Cryptocurrency, NewsTags , , , , , , Leave a comment on Bank of America Wins Patent for Private Key Storage

On Tuesday, the U.S. Patent and Trademark Office awarded Bank of America its latest patent. It is for the secure, tamper-proof storage of private keys for large enterprises. The major institution has been collecting many such patents in preparation for the growth of cryptocurrency. Bank of America, the second largest bank in the U.S., holds … Continue reading “Bank of America Wins Patent for Private Key Storage”

Coinbase CTO: Cryptocurrency Just Beginning to Enter Mainstream

Author Eric Van OrmanPosted on Categories Business, Cryptocurrency, General, NewsTags , , , , Leave a comment on Coinbase CTO: Cryptocurrency Just Beginning to Enter Mainstream

Venture capital investor and Coinbase CTO, Balaji Srinivasan believes cryptocurrency is quickly entering the technology mainstream. “Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square open sourced some nice cold storage code; Microsoft, Amazon, Google Cloud all have blockchain efforts; crypto is entering the tech mainstream,” he notes, as … Continue reading “Coinbase CTO: Cryptocurrency Just Beginning to Enter Mainstream”

Bank of America Leads in Blockchain Patents, But Not In Application

Author Eric Van OrmanPosted on Categories Banking, Blockchain, Business, Crypto Technology, NewsTags , , , , Leave a comment on Bank of America Leads in Blockchain Patents, But Not In Application

Bank of America (BoA), the second largest bank in the United States, currently holds the most blockchain tech patents in the world.  However, they have yet to implement any, and many are skeptical of the bank’s motives.  On October 30, BoA was awarded their most recent patent for a private key storage solution bringing their … Continue reading “Bank of America Leads in Blockchain Patents, But Not In Application”

Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate

Author Eric Van OrmanPosted on Categories Banking, Bitcoin, Blockchain, Business, Cryptocurrency, ETFTags , , , , , , , , , Leave a comment on Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate

BlackRock CEO Larry Fink discussed his views on cryptocurrency and a crypto ETF in recent days.  Based on what he said, a BlackRock crypto ETF is not likely any time soon. CEO Larry Fink acknowledges a Big future for Cryptocurrency “I do see one day where we could have electronic trading for a currency that … Continue reading “Larry Fink: BlackRock Won’t Offer Crypto ETF until Industry is Legitimate”

Bank of America Awarded Blockchain-Based Storage Patent

Author Saket Kumar SinghPosted on Categories Blockchain, Business, Crypto Technology, Cryptocurrency, General, News, UncategorizedTags , , , , Leave a comment on Bank of America Awarded Blockchain-Based Storage Patent

On Tuesday, Bank of America was awarded a patent for their blockchain-based storage device. The patent mentions blockchain and cryptocurrency several times. This leads some to wonder if a Bank of America crypto could be on the horizon. The new storage patent is based on the same private key cryptography that blockchain has brought to … Continue reading “Bank of America Awarded Blockchain-Based Storage Patent”

Blockchain has “Huge Potential” says World Bank President

Author Ian CooperPosted on Categories Banking, Blockchain, BusinessTags , , , , , , , , , Leave a comment on Blockchain has “Huge Potential” says World Bank President

There’s no shortage of blockchain support. Just this month, Bank of America said it could be a $7 billion market. In fact, the bank notes it can boost Microsoft, Oracle and Amazon.com. “Amazon will benefit from incremental cloud services demand from Blockchain implementation, while improved supply chain tracking should make Amazon’s retail operations more efficient,” … Continue reading “Blockchain has “Huge Potential” says World Bank President”

Bank of America is Bullish on Blockchain

Author Ian CooperPosted on Categories Banking, Blockchain, BusinessTags , , , , , , , , , , , , Leave a comment on Bank of America is Bullish on Blockchain

Blockchain could be a $7 billion market, says Bank of America. Bank of America says it could be a major boost to Microsoft, Oracle and Amazon.com “Amazon will benefit from incremental cloud services demand from Blockchain implementation, while improved supply chain tracking should make Amazon’s retail operations more efficient,” noted Bank of America analysis as … Continue reading “Bank of America is Bullish on Blockchain”

RippleNet Conquers 40 Nations and American PNC Bank

Author David CrowderPosted on Categories Altcoin, Banking, General, NewsTags , , , , , , , , , , , Leave a comment on RippleNet Conquers 40 Nations and American PNC Bank

RippleNet is a service on a mission to conquer the entire world. In fact, the XRP-powered network is imminent to plant its flag on all inhabited continents. Its reach now includes more than 40 different nations. Meanwhile back in United States, Ripple has gained the support and adoption of PNC and its eight million customers. … Continue reading “RippleNet Conquers 40 Nations and American PNC Bank”

Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist

Author Jeff McGavinPosted on Categories Altcoin, Banking, Blockchain, Business, CryptocurrencyTags , , , , , , , , Leave a comment on Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist

Ripple and Stellar are both working to achieve their goal of enabling easy transactions that particularly involve multiple currencies across borders. Both cryptocurrencies currently rank high not only in terms of their market value, but also their popularity. Cryptocurrency fanatics have picked this topic up and are already debating on whether both digit assets can … Continue reading “Despite Ripple (XRP) and Stellar (XLM) Having Similar Objectives, They Can Always Co-exist”