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The fintech revolution is democratising finance, and London is leading the way; Venezuelans to Buy H



The UK has had a busy week innovating financial technology.

The fintech revolution is democratising finance, and London is leading the way


It has been a busy seven days for those who work in fintech or follow its developments closely. A week ago today, we saw unlikely partners come together at the start of the Innovate Finance Global Summit. The City’s 800 years of Gothic grandeur of the Great Hall played host to leading innovators, investors, politicians, regulators and trade bodies for speeches, roundtables, and pitches from over 1,500 guests. Now in its fourth year, we really have seen this annual convention go from strength to strength, acting as a focal point...

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Category: Fintech

Image & article ref: city.am

Venezuelans to Buy Homes and Property with State Cryptocurrency


Venezuelans will be able to buy houses and other property with their new national cryptocurrency. Real estate deals in petro will be authorized in April, President Maduro announced. The government will also finance the construction of 230,000 new homes using funds from the pre-sale of the oil-backed crypto. All citizens and legal entities in Venezuela can now buy the national cryptocurrency through its website and soon they will be able to spend their petros as well. Sales of real estate in the oil-backed crypto will be allowed from...

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Category: Crypto Real Estate

Image & article ref: news.bitcoin.com

China is a 'tremendous' opportunity, says Manulife chief


China presents a major opportunity for global insurers as the rapidly growing economy opens up amid low insurance penetration rates, Manulife's president and CEO said on Monday. The world's second-largest economy is at "a very nascent stage of its development as it relates to the industry that we operate in: insurance, wealth asset management and retirement," Roy Gori told CNBC from the China Development Forum in Beijing. The Canadian insurer operates in 17 markets globally.

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Category: Insurance

Image & article ref: cnbc.com

Bitcoin, Ethereum, And Litecoin Are The Most Popular Cryptocurrency Investments Among Millennials


Millennials love cryptocurrencies. For a couple of reasons. One of them is the technology behind them that promises to modernize capitalism, and free it from the tight control of big governments and big banks. The other reason is the potential cryptocurrencies have to make investors rich quickly, provided that they continue to rise at an astronomical pace. That’s why, among millennials, cryptocurrencies were a popular choice to invest $10,000 in, in a recent survey of 1000 Americans.

Specifically, the survey found that 9.19%...

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Category: Machine Learning

Image & article ref: forbes.com

The Hybrid Approach: How To Gain Wider Adoption Of Blockchain


As the blockchain economy experiences a massive increase in size and scale, we must confront a looming question: what do we do with this technology? Historically, technology and finance have adopted a centralized structure, but we suddenly have the opportunity to take a step in a new direction. Blockchain decentralization holds the potential for a trustless economy, one in which monopolies are nonexistent and security is a given. In this world, blockchain has decentralized the use of power and the manipulation of...

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Category: Blockchain

Image & article ref: forbes.com

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