Tag: Bank

Bank of America rebaja calificación de Meta a neutral en medio de su incursión en el metaverso

Meta debe abordar las preocupaciones de los inversores sobre las dificultades que genera el uso de Instagram, el gasto en la construcción de un metaverso dada la percepción de la falta de soporte de los usuarios, el alto capex que está impactando al flujo de efectivo libre (FCF, por sus siglas en inglés), la calidad y el margen de los contenidos de los reels, y el progreso y tiempo para alcanzar las mejoras, agregó la nota. Source

Bitcoin’s Rising Correlation With Gold Indicates Investors See It as a Safe-Haven, Says Bank of America Market Strategists – Finance Bitcoin News

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Amid the economic uncertainty affecting a myriad of countries worldwide, Bank of America Securities market strategists explained in a note this week that the leading crypto asset bitcoin has been correlated with the well known precious metal gold. Bank of America analysts Alkesh Shah and Andrew Moss noted “that investors may view bitcoin as a relative safe haven as macro uncertainty continues.” Bank of America’s Market Strategists Say Bitcoin’s Rising Correlation With Gold Indicates ‘Investors May View Bitcoin as a Relative Safe Haven’ Market strategists from Bank of America’s securities…

Santander bank trials blockchain platform for used cars in Brazil

Major global bank Santander continues exploring the benefits of blockchain technology, with a local branch implementing blockchain for vehicle trading and car registration. Santander Brasil has launched testing of a blockchain-based tokenization platform for transferring ownership of used cars in Brazil, Cointelegraph Brasil reported on Oct. 19. The platform is designed to automate the process of transferring property registration by deploying smart contracts based on a delivery versus payment (DVP), a settlement method guaranteeing the ownership transfer after successful payment. Santander’s latest vehicle registration solution is developed in partnership with…

CBDCs Can Work With Stablecoins, Central Bank Trial Finds

Those projects often assume banks or other payment companies would intermediate the service. Crucially, Aurum also tested out a system where regular shoppers don’t get their hands directly on CBDC, but instead use private stablecoins – in the same way modern-day card payments use commercial bank money backed up by central bank guarantees. Source

Bank of America Economist Predicts 20% Devaluation of the Nigerian Currency in 2023 – Economics Bitcoin News

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A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S. dollar on the parallel market. Currency Fair Value Analysis According to a Bank of America economist, Tatonga Rusike, the Nigerian currency, which has officially stayed below the 450:1 mark since May 2021, is overvalued by 20% and he…

German Crypto Bank Nuri Asks Clients to Withdraw Funds as It Goes Out of Business – Bitcoin News

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Digital asset platform Nuri has told customers to withdraw their funds in the next two months, after taking a hit from the crypto winter. Formerly known as Bitwala, the Berlin-headquartered cryptocurrency bank filed for insolvency earlier this year and failed to find a buyer. Nuri to Maintain Trading Until Last Day of November, Prepares to Close Down Crypto bank and exchange Nuri has instructed users to withdraw their funds by Dec. 18, 2022 at the latest. The Germany-based company will then terminate and liquidate its digital asset business, according to…

Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership

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The $9 billion-valuated German fintech N26 launched crypto trading on its mobile app. Starting from Austria and rolling out to other countries in the upcoming months, N26 Crypto will let its customers buy and sell 200 cryptocurrencies, including Bitcoin (BTC) and Ether (ETH). The Berlin-based fintech announced on Oct. 20 that the launch in Austria addresses “strong local demand,” with 40% of N26 users either actively trading or have expressed interest in investing in cryptocurrencies. N26 plans to roll out its crypto trading service to other key markets in the next…

Bank of England Must Consider Private Stablecoins in Developing Digital Pound, Lobbyist Says

There’s a “question whether we could apply a competition objective to the Bank of England, when we think about things like central bank digital currency and how that’s implemented,” Jackson, who is the director of policy at Innovate Finance, told lawmakers on the committee. He added that the CBDC “could crowd out innovation and stablecoins unless it’s designed in a way that promotes competition.” Source

Bitcoin se estanca y encuesta del Bank of America revela que el “dólar largo” es el favorito

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Las operaciones masivas suelen asociarse a las burbujas y marcan los máximos de precios. Por ejemplo, el “bitcoin largo” y las “acciones tecnológicas largas” fueron las más buscadas el año pasado. Bitcoin alcanzó un máximo de US$69.000 en noviembre del 2021 y, desde ese momento, cayó más de 70%. Por su parte, el índice Nasdaq de Wall Street, con gran peso tecnológico, se desplomó 31% este año. Original