Bank, Economics, Finance, Interest rate, Investment, Personal finance

Are we dumb? Financial illiterates ‘twice as likely to own crypto’

On Sep 23, 2020
@Cointelegraph shared
A Bank of Canada survey suggests individuals with higher levels of financial literacy are more likely to be wary of investing in cryptocurrency. https://t.co/cI0DPjr7P5
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A Bank of Canada survey suggests individuals with higher levels of financial literacy are more likely to be wary of investing in cryptocurrency

cointelegraph.com
On Sep 23, 2020
@Cointelegraph shared
A Bank of Canada survey suggests individuals with higher levels of financial literacy are more likely to be wary of investing in cryptocurrency. https://t.co/cI0DPjr7P5
Open

Are we dumb? Financial illiterates ‘twice as likely to own crypto’

Are we dumb? Financial illiterates ‘twice as likely to own crypto’

A Bank of Canada survey suggests individuals with higher levels of financial literacy are more likely to be wary of investing in cryptocurrency

Deutsche Bank Reports Big Loss as Overhaul Costs Bite

Deutsche Bank Reports Big Loss as Overhaul Costs Bite

Severance payments and other costs of a turnaround plan pushed the Frankfurt lender into the red during the second quarter.

A New Bitcoin ETF Hopeful is Many Moons Away, But You Don’t Have to Wait for Bitcoin Interest Accounts Now

A New Bitcoin ETF Hopeful is Many Moons Away, But You Don’t Have to Wait for Bitcoin Interest Accounts Now

The dream of cryptocurrencies replacing bank just got a step closer. This Tuesday BlockFi has launched a crypto deposit account that provides compound interest. The BlockFi Interest Account ...

Crypto – Not Fintech – Is Innovating the Banking System

Crypto – Not Fintech – Is Innovating the Banking System

FinTech is not innovating the banking system – it’s crypto that is. Here are some reasons why: Many claim that tech companies are disrupting banking. In reality, the two operate their ...

Fixing the financial literacy gap will attract more women to Bitcoin

Fixing the financial literacy gap will attract more women to Bitcoin

The blockchain and cryptocurrency industry is dominated by men – fact.

Interest in Bitcoin Versus Gold Surging for All Age Groups

Interest in Bitcoin Versus Gold Surging for All Age Groups

The World Gold Association responded to the Drop Gold campaign to assert its superior popularity over crypto, but do the facts confirm it?

Financial literacy and financial resilience: Evidence from around the world

Financial literacy and financial resilience: Evidence from around the world

We measure financial literacy using questions assessing basic knowledge of four fundamental concepts in financial decision making: knowledge of interest rates, interest compounding, ...

Why DeFi Could Foster the Killer App of Banking

Why DeFi Could Foster the Killer App of Banking

The financial system is broken, and no one is coming to save you. Therefore you must learn to make and protect money on your own. 

Every Financial Portfolio Should Include Bitcoin, New Research Paper Suggests

Every Financial Portfolio Should Include Bitcoin, New Research Paper Suggests

The viability of investments into cryptocurrencies is a hotly debated topic. While many investors large and small are still skeptical about virtual currencies like Bitcoin, a growing number ...

Family finance app Jassby raises $5m, anticipates $20m round later this year

Family finance app Jassby raises $5m, anticipates $20m round later this year

CEO says rounds will drive fintech closer towards 1 million users within a year.

Editorial: Crypto Adoption No More a Dream, Latest Survey shows Rising Crypto Adoption Among Millennials

Editorial: Crypto Adoption No More a Dream, Latest Survey shows Rising Crypto Adoption Among Millennials

Recent research by UK based- Law firm, Michelmores reveals that 20% of millennials surveyed have invested in cryptocurrency.  Millennials Are All for Crypto, Number of Crypto Millionaires ...

Bank of Canada warns 'fire sales' of carbon-intensive assets could 'destabilize' financial system

Bank of Canada warns 'fire sales' of carbon-intensive assets could 'destabilize' financial system

The shift to a low-carbon economy is "underway" and sectors like oil and gas, as well as the banks that loan money to them, are exposed to risks from climate change that could spill over ...