Advantage Bitcoin: "Gold Mine" of Barclays Account Details Stolen
For decentralized bank accounts, there's always Bitcoin. Photo via Alwyn Ladell. Daily Mail, Reuters, and Bloomberg are all reporting that a cache of Barclays account details was stolen from their centralized servers. Barclays is currently completing an internal investigation of the data leak, but it seems that a "gold mine" of 27,000 files containing personal and financial details of Barclays clients has been leaked. These files were then used by dealers to pressure those Barclays customers into scams. This latest data breach comes only a few months after Target revealed tens of millions....
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CoinJournal, a fellow bitcoin publication, saw its banking services come to an abrupt end after its banking provider Barclays terminated its business account. CCN spoke to a representative of Manchester-based CoinJournal who was understandably none-too-pleased about the disruption. Elaborating on the need for a fiat-based banking solution, the representative stated: [T]he account is used predominantly for taking payments via advertisers in dollars and exchanging these for Bitcoin and paying our staff and overheads using Bitcoin. The representative also revealed that CoinJournal received no....
Barclays is taking sterling deposits for a new bitcoin exchange, making it the only UK bank to do so currently. Banks in the UK have avoided working with bitcoin exchanges so far, but customers of new bitcoin exchange Bit121 can deposit their sterling to a Barclays account with a Canary Wharf address. The account belongs to a payment service provider called PacNet Services Ltd, which Bit121 works with. Barclays therefore does not have a direct relationship with the bitcoin exchange. When contacted, Barclays refused to comment on its policy towards working with bitcoin exchanges. Daniel....
Yukon Gold Mine for Sale. Bit Premier, The Bitcoin Luxury Marketplace, has a profitable Gold Mine advertised for sale. The Gold mine is situated in Dawson City, Yukon. Canada and the price asked is 3,079.292 BTC. This is the first offering of its kind on the Bitcoin market and is a genuine opportunity for someone. The Mine comes complete with 1 Million dollars worth of mining equipment and sales of over 1 Million Dollars per annum. The advertisement states: The very first offering of its kind on the Bitcoin market; a proven, profitable gold mine located in the heart of Dawson City, Yukon,....
While the UK Treasury is finding ways to include Bitcoin into the mainstream economy, one of the largest banks in the UK doesn't seem to care much about the digital currency that is catching the waves across the world. Barclays allegedly froze the account of Charles Bartlett out of the blue without offering any explanation. Earlier in February, the bank supposedly make a "commercial decision" to close his account and send him an intimation regarding the same. READ MORE: UK Plans to Apply AML Regulations to Bitcoin. It is suspected that Charles' habit of Bitcoin trading might be the reason....
Barclays Bank, one of the largest banks in the world, has today issued a warning on the nascent digital currency Bitcoin arguing that it is not backed by any government or central bank and the deposits are not insured. The warning follows numerous similar warnings by Consumer Financial Protection Bureaus in the aftermath of the still mysterious downfall of MT Gox. Barclays urges its customers to beware of hackers and scammers and beware of rate fluctuations as well as general advice such as carefully read the contract and know with who you are dealing. Absent from the warning however is....