Search Results for: Americas

Basel Study Shows World’s Largest Banks Are Exposed to $9 Billion in Crypto Assets

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A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further…

Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

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Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms…

Argentina Runs to Stablecoins Amidst Political and Economic Uncertainty

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Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating…

Bank of America’s Crypto Research Debuts: Digital Assets Are ‘Too Large to Ignore’

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Bank of America’s Global Research has begun covering crypto, debuting with a report stating that “digital assets are too large to ignore.” Noting that digital assets are “creating a whole ecosystem of new companies, new opportunities, and new applications,” the bank…