Bankers must learn to behave or fintech will tear them apart, warns Barclays’ ex-boss

Bankers must learn to behave or #fintech will tear them apart

 #fintech

  • “An important part of the adaptation should be cultural, and should enable the bank to retain the confidence of its customers technology changes the form of customer engagement.”
  • B ritain’s bankers have not convinced the public that they are reformed characters – and if banks do not change their ways, fintech companies will poach their customers, Barclays’ former chairman has warned.
  • When Sir David led Barclays’ board, then-chief executive Antony Jenkins ran a campaign to improve behaviour and the bank’s culture, but acknowledged it may take a decade to restore trust to the industry.
  • “There is a tendency to look back to the culture of banks and banking several decades ago through rose-tinted spectacles,” he said.
  • T hat long time lag leaves banks open to challenges from new rivals, said Sir David, arguing that “the scale of change in prospect is massive even over the relatively short-term”.

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@cgledhill: “Bankers must learn to behave or #fintech will tear them apart

#fintech”


Britain’s bankers have not yet convinced the public that they are reformed characters – and if banks do not change their ways, fintech companies will poach their customers, Barclays’ former chairman has warned.


Bankers must learn to behave or fintech will tear them apart, warns Barclays’ ex-boss

Australian police to auction $13m in confiscated bitcoins

  • Auctioneers expect strong interest in the auction of 24,518 bitcoins, each of which is currently valued at about $530.
  • Victorian police confiscated the bitcoins as proceeds of crime, although only registered bidders will find out who from
  • Nikitins would not say who the bitcoins were confiscated from, but said registered bidders would be told.
  • Nikitins expects strong interest in the auction since the bitcoin price has become less volatile after the US auctions.
  • Bidders can register until 7 June for the 24,518 bitcoins on offer.

Read the full article, click here.


@mscgroupllc: “Australian police to auction $13m in confiscated bitcoins: Victorian police confiscated the bitcoin… #technews”


Victorian police confiscated the bitcoins as proceeds of crime, although only registered bidders will find out who from


Australian police to auction $13m in confiscated bitcoins

Piers Rae

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@PiersRae: “TONIGHT! The latest BTC House Sketch Team show is coming at you hard, fast, independent, self-actualizing,…”


TONIGHT! The latest BTC House Sketch Team show is coming at you hard, fast, independent, self-actualizing, energetic, dynamic, tight, fierce, strong, and…


Piers Rae

This week we discuss how to keep drones away from manned aircraft and talk to Vitalik Buterin, inventor of Ethereum

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@coindesk: “Economist – One Blockchain to Rule Them All?”


This week we discuss how to keep drones away from manned aircraft and talk to Vitalik Buterin, inventor of Ethereum


This week we discuss how to keep drones away from manned aircraft and talk to Vitalik Buterin, inventor of Ethereum

Australia to sell £8m of seized bitcoins

  • Based on what you read, would you recommend investing in bitcoin?

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@bitcoinagile: “Australia to sell £8m of seized bitcoins – BBC News #Bitcoin”


BitcoinAgile.com – Real-Time News and Live Market Data. The best place to find most recent news on digital currencies. Bringing news to you from more than 3,000 news portals, blogs, forums and bitcoin communities.


Australia to sell £8m of seized bitcoins

A new, automated investment fund has attracted stacks of digital money

  • A new, automated investment fund has attracted stacks of digital money
  • Investors send digital coins (called “ether”) to the fund, which allows them to take part in votes on whether to put money in a given project.
  • Investors in the DAO can also withdraw money not committed to a project at will.
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  • If you believe that Ethereum is the future, it makes sense to invest in a fund that could increase demand for the currency-in particular if there are not many other ways to spend ether (the DAO, which will stop accepting new funds on May 28th, has already attracted nearly 14% of all ether ever issued).

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@GenesisBlockSE: “Even @TheEconomist has taken interest in #TheDAO #Ethereum #Blockchain #FinTech #CrowdFunding #DAO”


A new, automated investment fund has attracted stacks of digital money


A new, automated investment fund has attracted stacks of digital money

Lufthansa to suspend flights to Venezuela

Lufthansa to suspend flights to Venezuela - BBC News #bitcoin

  • Based on what you read, would you recommend investing in bitcoin?

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@bitcoinagile: “Lufthansa to suspend flights to Venezuela – BBC News #bitcoin”


BitcoinAgile.com – Real-Time News and Live Market Data. The best place to find most recent news on digital currencies. Bringing news to you from more than 3,000 news portals, blogs, forums and bitcoin communities.


Lufthansa to suspend flights to Venezuela