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Pigzbe – the piggy wallet powered by cryptocurrency nears ICO

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Pigzbe – the piggy wallet powered by cryptocurrency nears ICO

A revolutionary new way to send money between families, created by Forbes 30 Under 30 entrepreneur Filippo Yacob and utilising a new cryptocurrency – Wollo (WLO) – will launch this month with an ICO also on the horizon.

Yacob, the man behind coding toy Cubetto, has created the Pigzbe piggy wallet, which pairs a physical device with an app to turn gifting and saving into a game. 

The technology allows families to transfer as little as one cent (or equivalent) between one another globally, and within seconds, making transactions completely borderless. This is impossible using traditional financial systems and has only been made possible through blockchain technology.

Pigzbe is powered by family-friendly cryptocurrency Wollo (WLO), which has been created on the Stellar (XML) network, making Pigzbe one of the first blockchain systems with truly mainstream appeal. 

Pre-sales will be live on pigzbe.com from 25th April and its ICO will run for one week from 11 June 2018 until 18 June 2018. 

The team behind WLO include some of the most recognised global names in design, gaming, crypto, finance and technology. As a composite, the senior team have experience from among the most innovative and successful companies in the world including Apple, IBM and NASA.

CEO and founder Yacobis also the creator of Cubetto, the most heavily crowd-funded ed-tech project in Kickstarter’s history ($1.6m). Pigzbe’s Head of Product is Jon Marshall, of Kano renown and it has Yannick Naud (Bank Audi Suisse and AMR) as a special economic advisor.

In creating a game kids will love, Pigzbe has Ian McGregor as lead software developer, who has experience with the likes of Pokemon Go, Nike and Google and Matt Brown as Design Interaction Lead, who spent five years in the experimental interface design department at Apple in Cupertino.

The PigzbeWhite Paper sets out the economic model proposed for Pigzbe, whereby a finite number of public tokens are issued via pre-sale/ICO and within the Pigzbe piggy wallets themselves. These can be spent via an associated payment card (via instant trade to fiat currency through a partnered exchange) and these same coins bought by family members via these same exchanges. The lack of new token creation will prevent inflation. 

In its projections, Pigzbe is targeting 1m units in circulation within three years.

Filippo Yacob, CEO, said:

“In 2013 I couldn’t find an adequate coding toy for my son, so I created my own and built a global multimillion dollar business around it. I’m doing the same with Pigzbe, and I know other parents feel the same as way I do.

Families have throughout history acted as micro-financing networks amongst each other, however oddly, money has not seemed to have evolved with them. In developing Pigzbe, we have the modern, globalised family in mind, and want to completely unlock their potential as micro-financing networks. 

“There’s a lot to be said of the potential of blockchain technology. We’re taking best-of-breed knowledge in this area and marrying it with beautiful design and a faultless economic model. It’s a first for the industry and a move we hope will capture the crypto community’s imagination.”

 Yannick Naud, Economics Advisor, added:

“When it comes to cryptocurrency and blockchain technology, we’re at the tip of the iceberg in terms of potential. Pigzbe wouldn’t be possible without the benefits that come with a utility token – almost instant transfer at negligible cost – all held safely on the blockchain and self-managing. We’re confident that anyone who has faith in this technology will see Pigzbe as a natural fit for crypto use, and that the people involved will ensure this exciting project is a huge success.

For investment updates, join the Telegram group at https://t.me/PigzbeICO

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Bitcoin, ether hit fresh highs

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Bitcoin, ether hit fresh highs 1

SINGAPORE (Reuters) – Bitcoin hit a fresh high in Asian trading on Saturday, extending a two-month rally that saw its market capitalisation cross $1 trillion a day earlier.

The world’s most popular cryptocurrency rose to an record $56,620, taking its weekly gain to 18%. It has surged more than 92% this year.

Bitcoin’s gains have been fuelled by evidence it is gaining acceptance among mainstream investors and companies, such as Tesla Inc, Mastercard Inc and BNY Mellon.

Ether, the second-largest cryptocurrency by market capitalization and daily volume, hit a record $2,040.62, for a weekly gain of about 12%.

Ether is the digital currency or token that facilitates transactions on the ethereum blockchain. In the crypto world, the terms ether and ethereum have become interchangeable.

Ether futures contracts launched on derivatives exchange CME earlier this month.

(Reporting by Vidya Ranganathan; Editing by William Mallard)

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World Bank pushing for standard vaccine contracts, more disclosure from makers

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World Bank pushing for standard vaccine contracts, more disclosure from makers 2

By Andrea Shalal

WASHINGTON (Reuters) – The World Bank is working to standardize COVID-19 vaccine contracts that countries are signing with drug makers, and is pushing manufacturers to be more open about where doses are headed, as it races to get more vaccines to poor countries, the bank’s president said on Friday.

World Bank President David Malpass told Reuters he expected the bank’s board to have approved $1.6 billion in vaccine funding for 12 countries, including the Philippines, Bangladesh, Tunisia and Ethiopia, by the end of March, with 30 more to follow shortly thereafter.

The bank is working with local governments to identify and fill gaps in distribution capacity, after they purchase vaccines under a $12 billion World Bank program, and also to standardize the contracts they are signing with manufacturers, he said.

The bank’s International Finance Corp, its private financing arm, has $4 billion to invest in expanding existing production plants or building new ones, including in developed countries, but needs more data on where current production is headed, he said.

“We are eager to be investing in new capacity, but it’s hard to do because you don’t know how much of the existing capacity is already committed to the various off-takers,” Malpass said in an interview with Reuters. New or expanded plants could be used to produce other types of vaccinations in the future, he said.

The bank’s funds could be used to expand plants in advanced economies, if the production was earmarked for developing nations, he said.

Malpass welcomed Friday’s pledge by the Group of Seven rich countries to intensify cooperation on the pandemic, saying it could help jump-start deliveries of vaccines to poorer countries, which are lagging far behind rich countries in getting shots in arms.

Data compiled by Our World In Data, a scientific online publication, showed Israel was leading the world in COVID-19 vaccinations, with nearly 82 of 100 people vaccinated, while India and Bangladesh reported less than one person per 100, Many African countries have not started at all.

Malpass said he was heartened by news about new vaccines coming down the road, and about Pfizer Inc and BioNTech SE seeking permission to store their vaccine at higher temperatures, which would ease another obstacle to deliveries in lower-income countries.

(Reporting by Andrea Shalal; Editing by Heather Timmons and Leslie Adler)

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Google to evaluate executive performance on diversity, inclusion

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Google to evaluate executive performance on diversity, inclusion 3

By Paresh Dave

(Reuters) – Alphabet Inc’s Google will evaluate the performance of its vice presidents and above on team diversity and inclusion starting this year, the company said on Friday in one of several responses to concerns about its treatment of a Black scientist.

Timnit Gebru, co-leader of Google’s ethical artificial intelligence research team, said in December that Google abruptly fired her after she criticized its diversity efforts and threatened to resign.

Alphabet and Google Chief Executive Sundar Pichai ordered a review of the situation. While Google declined to share specific findings, the company announced on Friday it will engage human resources specialists during sensitive employee departures.

Pichai in June said that by 2025, Google aims to have 30% more of its leaders come from underrepresented groups, with a focus on Black, Latinx and Native American leaders in the United States and female technical leaders globally. About 96% of Google’s U.S. leaders at the time were white or Asian, and 73% globally were men.

As a result of the investigation, the company also expanded a commitment announced in June to devote more resources to retaining and promoting existing employees, including by expanding a team addressing disputes among workers and their managers.

The diversity component of executive performance reviews was not previously announced, and the company did not immediately share details about what would be measured and how pay would be affected.

Alphabet for years had rejected proposals from shareholders and employees to set diversity goals and tie executive pay to them.

Irene Knapp, a former Google employee who advocated for one such proposal at a 2018 shareholder meeting, said on Friday, “I am pleased that they met our demand from 2018, which was a bare minimum that should have been easy to do immediately.”

Evaluating managers on diversity goals is becoming more commonplace. McDonald’s Corp on Thursday tied executive bonuses to diversity.

(Reporting by Paresh Dave; Editing by Cynthia Osterman)

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