“If you don’t have a backbone…go invest in a boring link”

“If you don’t have a backbone…go invest in a boring link”

Real estate developer and crypto-entrepreneur Eric Trump said on Thursday that the crypto world will be the future of mainstream finance, despite the decline of the past few months. During a wide-ranging interview with Yahoo Finance, Trump discussed bitcoin, crypto legislation, his personal unbanking experience and the latest digital asset project between the Trump Organization … Read more

Bank of America warns major threat could wipe trillions out of US banks

Bank of America warns major threat could wipe trillions out of US banks

Brian Moynihan issued a grim warning about stablecoins. During a Jan. 15 earnings call, Bank of America’s CEO told analysts that as much as $6 trillion in deposits could migrate out of the U.S. banking system into stable currencies, about 30 percent to 35 percent of all U.S. commercial bank deposits. Moynihan attributed the projection … Read more