Bank of America to SEC: Cryptocurrency Creating Pressure To Lower Prices

In an annual report to the SECBank, Bank of America complained that cryptocurrencies pose a threat to their business model by pressuring them to lower prices.

Justin Szilard
By Justin Szilard
Damage to the front of the Bank of America building in downtown Oakland.

The second largest bank by total assets, Bank of America, detailed in an annual report to the SEC that cryptocurrencies pose a threat to their business model. The bank detailed credit, liquidity, market, geopolitical, and operational risk factors moving into the future, but the threat of cryptocurrencies was a surprising addition to the list.

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Cryptocurrency: With Inequality Rising, Citizens Seek Alternative Economies

Cryptocurrencies are helping recipients of foreign aid by allowing them to exchange peer-to-peer, rather than having to transact through corruption-prone bureaucrats.

Elizabeth Stephens
By Elizabeth Stephens
In this Friday, Dec. 8, 2017, file photo, a man uses a Bitcoin ATM in Hong Kong. Bitcoin is the world's most popular virtual currency, but multitudes of alternatives are springing up around the world. (AP/Kin Cheung)

The year 2017 will go down as a particularly tough one for ordinary citizens, particularly in the global South. A sharp rise in government restrictions on fundamental freedoms across regions, as well as in levels of inequality, played a big part in that negative review. According to a recent Oxfam report, 1% of the world’s richest elites now own

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Despite JP Morgan Crusade, Bitcoin Price Soars To New Record High

Just a month after JP Morgan Chase CEO Jamie Dimon slammed Bitcoin, the digital cryptocurrency hit a new record high.

Josie Wales
By Josie Wales
Bitcoin Block chain

Just a month after JP Morgan Chase CEO Jamie Dimon slammed Bitcoin, calling the digital currency “a fraud,” the long-time cryptocurrency critic claims he won’t talk about it anymore, according to Bloomberg. “I wouldn’t put this high in the category of important things in the world, but I’m not going to talk about bitcoin anymore,” Dimon said

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Learning To Love The Blockchain: Key Technology Revolutionizes Internet Privacy

Bitcoin offered a revolutionary way to exchange money without government interference, but the blockchain technology behind the cryptocurrency is capable of doing much more, explains Jameson Lopp in this interview with Mnar A. Muhawesh on “Behind The Headline.”

Mnar Adley
By Mnar Adley
Bitcoin Block chain

https://www.youtube.com/watch?v=g5PN2kntObc MINNEAPOLIS --- After sending shockwaves through the financial industry, now bitcoin is poised to revolutionize digital privacy as well. Whether it’s between everyday citizens, investors, or corporations, every financial transaction is recorded. The institutions that regulate currency have

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The Bitcoin Hype Has Been Spent, So What’s Next?

It’s been a rough year for the bitcoin. Going forward, it may turn out that the cryptocurrency’s greatest value lies in what it reveals about the flaws in the cryptocurrency model. Addressing these flaws could ultimately revolutionize the ways we think about and handle data.

Frederick Reese
By Frederick Reese
Bitcoin

The U.S. Marshals Service announced last Monday that it will be auctioning off 50,000 of the bitcoins it seized from the accounts of Ross William Ulbricht. Ulbricht, who operated under the pseudonym the Dread Pirate Roberts, allegedly operated the first iteration of Silk Road, the online marketplace accessible only through Tor that sold drugs,

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