Barclays To Pour ‘Millions Of Dollars’ In Crypto Firm Copper
Barclays is investing in Copper, one of the most recognizable companies in the rapidly-shifting cryptocurrency market, even as the sector continues to be shaken by a number of defaults and insolvencies. Sky News reports that Barclays has joined the roster of notable financiers supporting Copper’s $2 billion investment round. Suggested Reading | Elon Musk On […]
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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,....
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....
Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation. Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge, and described BTC as more akin to a “risk-on” asset like copper. Speaking on CNBC’s Squawk Box Europe on June 1, Currie noted that copper and Bitcoin both work as “risk-on assets” for hedging due to their volatility while describing gold as a more stable “risk-off” hedge”: "Digital....
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....
UK banking giant Barclays signed contracts with eight graduates of its New York-based FinTech accelerator program today, two of which will partner with the company on applications using blockchain technology. Co-hosted by TechStars, the 11 startups graduating the 13-week program included bitcoin compliance firm Chainalysis and accounting startup Wave, which will embark on the initiatives. Speaking to New York Business Journal, Barclays chief design and innovation officer Derek White called the deals with Chainalysis and Wave a "game-changer" for the bank. Barclays indicated it would....