Frank Chaparro: Bank of America appoints Sonali Theisen to lead digital assets platform

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Frank Chaparro: Bank of America appoints Sonali Theisen to lead digital assets platform — Bank of America advances digital assets strategy

Frank Chaparro highlights a major move by Bank of America, which has appointed Sonali Theisen to oversee its global digital assets platform. Theisen is tasked with the design, development, scaling, and governance of the bank’s blockchain infrastructure and will also manage initiatives related to tokenized deposits and stablecoins.

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Chaparro has previously reported that JPMorgan found bitcoin mining economics had worsened as BTC traded below production cost, affecting miners (read more). In a separate update, Bernstein revised its $150,000 year-end Bitcoin target to a more cautious outlook after a recent correction but maintained expectations for cycle recovery (details here).

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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