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EU Proposes to Stop Withdrawals For 5-20 Days at Struggling Banks, Stanford Cryptography Professor R

EU Proposes to Stop Withdrawals For 5-20 Days at Struggling Banks

Member states of the European Union are studying a proposal that gives them the authority to stop bank account holders from withdrawing their money at struggling banks to prevent possible bank runs.The proposed measure was drafted by the Estonian president, Reuters reports.Under the plan, bank pay-outs can be temporarily stopped for five working days. The suspension, however, could be extended to a maximum of 20 days in exceptional situations. Read the full article here

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Category: Banking

Image & article ref: cointelegraph.com

Stanford Cryptography Professor Releases Free Cryptocurrency Lecture

For those who are particularly interested in delving a bit more into cryptocurrency, a Stanford University cryptography PhD professor has recently released his lecture material for free.The lecture material which is currently available online and contains the complete course for CS 251: Bitcoin and Cryptocurrencies. The material contains the complete course syllabus and overview and according to its description:“The course covers all aspects of cryptocurrencies, including distributed consensus, Blockchains, smart contracts and applications. full article here

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Category: Cryptocurrencies

Image & article ref: cointelegraph.com

Blockchain Use Case: Addressing Corruption, Social Problems In Africa

Inadequate infrastructure is a major problem faced by Africa and other developing parts of the world. Besides the technical implications that have hindered the infrastructural development of the aforementioned parts of the world, human interference is also key in slowing down their rates of development. Afrikanus Kofi Akosah Adusei, acting Africa community manager of XinFin, emphasises the poor state of infrastructural development in Africa:"Globally there are more than three mln people without electricity and almost a million without access to clean water. Our mission is to create incentives for financiers and encourage them to finance low profile projects." Read the full article here

Total Shares: 867

Category: Blockchain

Image & article ref: www.cointelegraph.com

20-Year-Old Americans Put Their Retirement Savings in Bitcoin Despite Risks

Thousands of American investors as young as 20 years old are investing their hard-earned money in Bitcoin despite the high risks. Duke University finance professor, Campbell Harvey, has warned that the kind of price volatility facing cryptocurrencies is very brutal due partly to the reason that they are not collateralised. Harvey says:"I'm worried that people will put too much of their retirement in an asset like this. It's a very small piece of the market right now and it's extremely volatile. To put this into your savings, you need to be willing to lose everything. If you put your retirement savings into the stock market, there is almost no chance that you're going to lose everything."Read the full article here

Total Shares: 806

Category: Bitcoin

Image & article ref: www.cointelegraph.com

Your Banker Is Always In: Sweden Rolls Out the Robots

Aida is the perfect employee: always courteous, always learning and, as she says, “always at work, 24/7, 365 days a year.”Aida, of course, is not a person but a virtual customer-service representative that SEB AB, one of Sweden’s biggest banks, is rolling out. The goal is to give the actual humans more time to engage in more complex tasks. Read the full article here

Total Shares: 724

Category: Artificial Intelligence

Image & article ref: bloomberg.com

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