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Topic: [2016-01-29] Bank of America Loads up on Bitcoin (Read 521 times)

hero member
Activity: 756
Merit: 500
Misleading title and even if Bank of America is buying up Bitcoin it is too late.  They are just trying to see what they can do with the blockchain.
legendary
Activity: 1904
Merit: 1074
The Bank of America is late to the party... there have been other companies and individuals who filed patents for the technology. I have seen some

articles on that before... We will have to see if the latest applications could be successful. This is going to turn into a mess and a lot of people are going

to dump a lot of money into a fruitless fight for intellectual property rights they could never own. Who owns the original code or concept? 
legendary
Activity: 2170
Merit: 1427
Yet another misleading headline.
Filing a lot of blockchain patents is far, far different from loading up on Bitcoin.

That is the reason I clicked the link. Otherwise I will not because I was curious that Bank of America will buy bitcoins directly.

Clickbait.

Bank of America is simply preparing itself for a possible takover of the blockchain technology in the financial industry. That's all. It's not against Bitcoin, the bank is just being smart to start working on its future this early.
newbie
Activity: 64
Merit: 0
Yet another misleading headline.
Filing a lot of blockchain patents is far, far different from loading up on Bitcoin.

That is the reason I clicked the link. Otherwise I will not because I was curious that Bank of America will buy bitcoins directly.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
Yet another misleading headline.
Filing a lot of blockchain patents is far, far different from loading up on Bitcoin.
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
CNBC News reported that Bank of America is loading up on blockchain-related products.

According to the news:

Bank of America is trying to steal a march on the latest developments in the technology behind digital currency bitcoin by loading up on blockchain-related patents.
Blockchain works like a huge, decentralized ledger for the digital currency bitcoin which records every transaction and stores this information on a global network so it cannot be tampered with.

Major financial institutions — including the Bank of England — have released a number of notes over the last year on the potential of the technology and have created teams within their organizations to look into how to develop the cryptocurrency.

Read more: https://investingnews.com/daily/tech-investing/bitcoin-investing/bank-of-america-loads-up-on-bitcoin/
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