Billionaire Investor Tim Draper: If You’re a Millennial, Buy Bitcoin

Billionaire Investor Tim Draper: If You're a Millennial, Buy Bitcoin

Billionaire investor Tim Draper recommended millennials to buy Bitcoin during a recent interview. Billionaire investor Tim Draper recommended millennials buy Bitcoin (BTC) during an interview with FOX Business published on Jan. 22.Per the report, Draper believes that Bitcoin is of particular importance to millennials that are looking to set aside enough capital for retirement. He suggested that the traditional banking system is outdated:“You look at Bitcoin and you say ‘Hey, this is great because…

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World Economic Forum Debuts Framework for Central Bank Digital Currency

World Economic Forum Debuts Framework for Central Bank Digital Currency

The World Economic Forum has released a toolkit for policymakers regarding the creation of central bank digital currencies. The World Economic Forum (WEF) — together with some of the world’s major central banks — has created a central bank digital currency (CBDC) policymaker toolkit.According to an announcement  on Jan. 22, the toolkit is the WEF’s attempt to help policy-makers understand whether deploying a CBDC would be advantageous and guide them through its design.The WEF…

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Former Barclays Exec to Launch UK’s First Regulated Crypto Bank in 2020

Former Barclays Exec to Launch UK’s First Regulated Crypto Bank in 2020

Starling Bank co-founder promises the future of digital and crypto banking with Ziglu, arriving Q1 2020. Mark Hipperson, who was head of technology for the Barclays group for over a decade as well as co-founder and former CTO at U.K. challenger bank, Starling, is planning a Q1 2020 launch for his latest digital banking venture, Ziglu. Billing itself as the next step in the challenger bank concept, the all-digital account will allow multiple currencies, both…

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Korea’s Oldest Bank Is Building a Blockchain-Based Security System

Korea’s Oldest Bank Is Building a Blockchain-Based Security System

A blockchain and a fintech startup partnered with South Korea’s oldest bank, Shinhan Bank, to develop a blockchain-based security solution. South Korea’s oldest bank, Shinhan Bank, partnered with two other companies to develop a blockchain-based security solution.Korea’s Shinhan bank to enhance security with blockchainAccording to a report published on Aug. 14 by local news outlet TheKoreaTimes, Shinhan Bank signed a memorandum of understanding with financial technology startup Ground X and blockchain developer Hexlant to…

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