Archive | Bank of America

Patent Stockpiling: 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 wastes resources. Consider crypto founding fathers like […]

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 be the reason behind their buying blockade. […]

UK Bank Lloyds Bans Bitcoin Buying on Credit Cards

Banks will never be fans of Bitcoin. The concept of it alone is the complete opposite of a bank’s business model which is to make profits from other people’s money. Britain’s biggest bank today took the step of banning its customers from buying Bitcoin using their credit cards. Lloyd’s Banking Group will tell its 9 […]

USPTO Approves Bank of America’s Cryptocurrency Exchange Patent

During the first week of December, the second largest bank in the U.S., Bank of America (BOA), was awarded a cryptocurrency exchange patent. The BOA cryptocurrency trading platform’s concept summary outlines three types of accounts where users and businesses can swap digital assets instantly. Also Read: Two Days of Cboe’s Bitcoin Futures Show Intense Volume Fluctuations […]