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Bitcoin Startup Adds Former Barclays Chief Antony Jenkins
- imranq 10y agoThis guy used to run Barclays tax evasion division, which while apparently completely legal, gave the wrong impression as Barclays accepted taxpayer money...
- blhack 10y agoSo you're saying he's an expert on financial regulations? If he wasn't doing anything illegal, then it sounds like he probably just knows the system really well, which is probably a good person to have around when you're working out at the edges, which bitcoin is.
- cm2187 10y agoNo he used to run their credit card division. I think you are refering to Roger Jenkins
- imranq 10y agoOh I didn't know they were different people! Then I am wrong and apologize for any misinformation
- aembleton 10y agoWhen did they take taxpayer money?
- osrec 10y agoA retail banker, with little understanding of technology and little clout. Having served in the investment arm of Barclays during his tenure, I'm not sure he can add much.
- knocte 10y agoConnections?
- osrec 10y agoHe was a less than impressive CEO, fired by his own board. Sure he may have connections, but he doesn't come across as the best mediator. I have nothing against the guy, but I personally see little in terms of value add from having him in a fintech start up.
- sanswork 10y agoBlockchain is probably in need of a round soon so it's possible they are looking to stack the board to increase the likelihood of them actually raising one. I doubt DCG has much more in the tank to keep leading every bitcoin round.
- m-i-l 10y agoActually Antony Jenkins had relatively little involvement with investment banking (and only towards the end) - his main background was with credit cards, then as you say retail banking[0]. [0] https://en.wikipedia.org/wiki/Antony_Jenkins https://en.wikipedia.org/wiki/Antony_Jenkins
- gadders 10y agoHe made a right mess of BarCap.
- kylebenzle 10y agoSeeing more and more Bitcoin stories and HN these days, is something "happening" in that space finally?
- knocte 10y agoSimply crypto is eating finance. Very slowly but it's happening.
- sanswork 10y agoIs there any evidence it's making any progress into traditional finance? There were a number of projects announced over the past few years but they all seem to have sizzled out or been outright cancelled. Where are you seeing it "eating finance"?
- alexmat 10y agoSynthetic USD/CNY/JPY bonds: https://www.youtube.com/watch?v=XehDfHTa8Sg https://www.youtube.com/watch?v=XehDfHTa8Sg This stuff is brilliant.
- sanswork 10y agoI feel like I'm missing a lot here. Why would anyone go through all that trouble just to create an asset that follows the price of USD? Why not just use USD?
- bottled_poe 10y agoUntaxed and black market trading. It's worth a lot of money, until it gains serious traction at which point the government will simply outlaw it.
- JumpCrisscross 10y ago> at which point the government will simply outlaw it If you are using it for tax avoidance or money laundering, it is already illegal.
- AntonyJenkins 10y agoAntony Jenkins is NOT someone you want in a BitCoin startup if you want your customers' TRUST. He was fired from Barclays because he got his hand caught in the cookie jar - several times [1] (money laundering, management bonuses, tax avoidance, conflicts of interest, rate fixing, market manipulation on electricity and gold) [1] https://en.wikipedia.org/wiki/Barclays#Controversies https://en.wikipedia.org/wiki/Barclays#Controversies