Did Barclays Just Declare War on Bitcoin Users?
UK bank Barclays has suspended the account of local cryptocurrency news resource Coinjournal without warning or explanation, it emerged today. Coinjournal Founder: Bank Gave No Warning or Explanation. In a tweet earlier Thursday, journalist Kyle Torpey stated it “seemed” the bank had suspended Coinjournal’s account “for using and being associated with....
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Barclays has launched a new service to allow users to access UK online government services under a single ID. Meanwhile, some are already criticizing the online governance program for its requirements, saying that pseudo-anonymous services hold the edge in the long term. Barclays joins the existing eight companies the government currently permits to....
Whoever said that financial institutions and Bitcoin cannot co-exist is in for a huge shocker. The biggest news from the Barclays Accelerator event is that Safello has entered into a Proof-of-Concept (PoC) partnership with the financial giant Barclays. CEO and Co-founder of the Bitcoin startup Frank Schuil said, "Safello and Barclays will be working together on creating a new payment platform that will support bitcoins. The collaboration begins with a PoC trial to allow for donations to be sent to charities using Bitcoins." Founded in 2013, Safello got selected for Barclays Accelerator in....
Barclays Bank received the most complaints in the first half of 2016 of all financial services firm, according to latest figures from the UK financial regulator. The Financial Conduct Authority said that between January and June Barclays complaints increased 3% from the second half of 2015, reaching 287,463. HSBC was the only other big five High Street banks to see complaints increase. HSBC’s complaints also rose 3% to 124,891. Lloyds Bank, however, saw complaints decrease 7% to 213, 163, remaining second to Barclays. Barclays has taken steps to improve customer service, the banks says,....
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....
Barclays, the UK banking company, teamed up with an Israeli startup to carry out the bank’s first Blockchain-based trade transaction. This allowed Barclays to send a transaction within minutes, both cost effectively and securely, rather than using the traditional transaction process which normally takes hours or days. According to Barclays, the transaction was approximately $100,000 worth of dairy products from an Irish food company, Ornua to the Seychelles Trading Company. Baihas Baghdadi, Barclays' Global Head of Trade and Working Capital, states: "We've proved the reality of this....