Watch A Blockchain Company Save Bank of America $17 Billion (Hypothetically)
One of the cool things about the bitcoin blockchain is the amount of possibilities it entails. Bitcoin isn't just a financial asset; it's a piece of technology that changes everything. One company is building a business on record keeping by utilizing the blockchain. The company of focus is called Factom. Factom is am open-source Bitcoin 2.0 blockchain based company using the technology for non-monetary purposes. Also Read: Factom Whitepaper Released: New Service Leverages Bitcoin Blockchain. Factom and the Future of Blockchain Technology. There are so many possible problems with....
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The MillionaireMakers subreddit grew out of one of Reddit's infamous shower thoughts, in which Redditor moizmie correctly posited that "If a million of us picked a certain redditor and all donated just $1, we would have the power to make someone a millionaire." Last month, a Redditor won nearly $1,000 from the budding community which was given in a combination of Changetip Bitcoin tips, Dogetipbot Dogecoin tips, straight up Bitcoin and Dogecoin transactions to posted addresses, as well as a PayPal donation address. This month, the MillionaireMakers community is ready for a second go, and....
CNN plans to host a Twitter live chat on their handle @CNNTech today to debate the future of Bitcoin. To promote the event, CNN has continued to run the headline "Is Bitcoin Over?" in response to the quickly dropping bitcoin price over the past year. The dropping price is normally seen as an indicator of health to people outside the bitcoin community, so it makes sense that this would be a topic for discussion. Is #Bitcoin over? Join us in three hours as we talk #bitcoinfuture with our expert panel http://t.co/SoxPUHU6CR pic.twitter.com/xJFXRhcsE6. - CNN Tech (@cnntech) December 18, 2014.....
The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said.
Bank of America’s CEO on Crypto
Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an interview with Yahoo Finance Live at the recent World Economic Forum event in Davos, published Saturday.
He was asked about his bank’s plans for cryptocurrencies. “The reality is that we run a payments business across our....
Bank of America has become the latest major bank to make a foray into the cryptocurrency sector. According to an internal memo, the bank has created a team dedicated to researching cryptocurrencies. Bank of America believes that it is “uniquely positioned to provide thought leadership” on cryptocurrencies and the technology behind them. Bank of America (BOFA) has created a new team dedicated to researching cryptocurrencies, according to an internal memo seen by Bloomberg. A spokeswoman for the bank confirmed the contents of the memo. The new crypto team will be led by Alkesh....
The Bank of America is developing a trail based on the blockchain for trade finance transactions in an attempt to tap into the applications of blockchain or distributed ledger technology for real world applications. Bank of America has revealed the development of a blockchain-based trial for trade finance, as a part of the financial institution’s foray into pushing for the adoption of the underlying technology that powers Bitcoin. The application of blockchain technology to trade finance is seen to be as a significant leap for an industry that still relies predominantly on manual,....