Monday briefing: Lloyds Bank bans credit card bitcoin purchases (2024)

Bitcoin with fluctuating value illustrationiStockphoto/Getty Images/KeremYucel

Thanks for reading WIRED Awake. To make sure that our daily briefing focusses only on the stories you absolutely have to know about, we're going to concentrate on the five most important news items of the day. We hope you still find the briefing to be an essential part of your routine.

Lloyds Banking Group customers are no longer allowed to buy bitcoin using their credit cards (BBC News). The restriction – which doesn't apply to debit cards – is in response to a sharp fall in bitcoin's value (currently at $8,109) and extreme volatility. It affects Lloyds Bank, Bank of Scotland, Halifax and MBNA customers. In the USA, JPMorgan Chase, Bank of America. and Citigroup, Capital One and Discover are also declining all credit card purchases of bitcoin.

On Saturday, February 3, the Japanese Aerospace Exploration Agency (JAXA) successfully launched the TRICOM-1R microsatellite, designed to photograph the Earth, into orbit (Spaceflight Now). The 3kg satellite was aboard an SS-520 sounding rocket, modified for orbital use. The rocket is now the smallest to have ever carried out a successful space launch, at 9.5 metres tall and 52cm in diameter.

The draft version of a US National Toxicology Program study into whether the radio frequencies used in mobile phones can cause cancer reveals no statistically significant carcinogenic effects, but plenty technical problems during the study (Ars Technica). Rats and mice were exposed to GSM and CDMA radiation at well above normal use levels, but the mice and female rats showed no statistically significant ill effects after two years. Male rats proved to be harder to assess, as the control group - which wasn't exposed to any radio frequency radiation - died at unusually high rates.

4. Smart dild*s and vibrators keep getting hacked – but TOR could be the answer to safer connected sex

News reports of security flaws in smart sex toys are fairly common, and the story is often the same: Bluetooth flaws, problems with databases, insecure APIs and dodgy apps can allow devices to be controlled remotely or allow unauthorised access to user information (WIRED). Anonymity and privacy researcher Sarah Jamie Lewis has created a way for a vibrator to be controlled remotely and securely while being connected to the anonymous Tor network. "100% encrypted peer to peer cyber sex over tor hidden services," she wrote on Twitterat the time. Lewis says the method isn't technically hard to create but has been working on making versions that can be user-friendly and widely used by sex tech companies.

The first teaser trailer for Lucasfilm's Solo: A Star Wars Story debuted during the USA's Superbowl sporting spectacular, revealing some thrilling chases, Donald Glover as Lando Calrissian and a glimpse of a familiar-looking Wookiee (Ars Technica). Directed by Ron Howard, the film stars Alden Ehrenreich as a youthful Han Solo and is coming to UK cinemas on May 25 .

Popular on WIRED

If Elon Musk is to colonise Mars, he’ll need to recruit a crew of genetically-modified humans

Elon Musk dreams of creating a million-person city on Mars. But first, the SpaceX and Tesla founder is going to need a small group of people with an unusual genetic trait in common; resistance to radiation.

WIRED​ ​01.18​ ​–​ ​on​ ​sale​ ​now

The internet is broken. But we've got a plan to fix it. Tim Berners-Lee, Jimmy Wales, Jaron Lanier, Vint Cerf and Wendy Hall explain why we need a net reset – and what new systems we should be building. Plus: the only ICO guide you'll ever need, how to fix Silicon Valley's sexism problem (hint: hire more women) and Charlie Brooker's predictions for the future of technology. Out in print and digital. Subscribe now and save.

Podcast 353: Elon Musk's flamethrower, Strava leak

Listen now, subscribe via RSS or add to iTunes.

Get WIRED Awake sent straight to your inbox every weekday morning by 8am. Click here to sign up to the WIRED Awake newsletter.

Follow WIRED on Facebook, Instagram, Twitter, LinkedIn and YouTube.

This article was originally published by WIRED UK

Monday briefing: Lloyds Bank bans credit card bitcoin purchases (2024)

FAQs

Can I buy Bitcoin through Lloyds? ›

Lloyds Bank has a balanced policy towards cryptocurrency transactions. It restricts the use of credit cards for buying or funding cryptocurrency exchanges, but it allows the use of debit cards and bank transfers for such transactions, especially with platforms regulated by the UK's Financial Conduct Authority (FCA).

How do I unblock my Lloyds credit card? ›

Message us online if you need help to unblock your card. If you don't use our app or Internet Banking, you can call us, or visit us in branch.

What is the Lloyds Bank warning? ›

The banking giant has warned customers they could LOSE the cash as the Cost of Living crisis continues - all because ticket scams are on the rise. James RodgerContent Editor. 06:05, 5 AUG 2024.

Why is my Lloyds card getting declined? ›

If you go over your agreed credit limit, transactions may be declined, and your credit score could be affected. If you need more flexibility, you could request to change your credit limit, subject to status and security checks. We may also contact you to offer a higher limit, but you don't have to take it if we do.

What to do if my credit card is blocked for online transactions? ›

To unblock your credit card online, you can visit your bank's mobile application or official website and apply for 'reissue' or 'reactivation' of your credit card. Alternatively, you can also connect with your bank's customer service executives telephonically or by visiting the bank's branch physically.

Why won't Lloyds let me pay online? ›

Make sure you have entered the right card details including the expiry date and the 3-digit security code at the back (CVV). You may also be asked to enter a billing address and account holder name. You can view your card details in our app.

Can I buy Bitcoin directly from my bank account? ›

BitPay aims to make it easy and convenient for our customers to buy crypto. Whether you want to buy Bitcoin with a credit card or Ether with Apple Pay, we know everyone has their preferences. And now, you can buy crypto with your bank account! The process is fast and secure.

Do banks allow Bitcoin transactions? ›

In most cases, traditional banks do not accept bitcoin. Exchanges generally accept your bitcoin and credit your exchange account, which you can then transfer to your bank account.

How can I buy Bitcoin through ATM? ›

‍A: To use a Bitcoin ATM, first ensure you have a digital Bitcoin wallet. At the ATM, select the type of cryptocurrency you wish to purchase, scan the barcode of your wallet, insert cash, and confirm the transaction. The cryptocurrency will then be transferred to your wallet.

Top Articles
Enterprise Hybrid Integration Platform | Anypoint Platform | MuleSoft
The Last 4 Digits of Your SSN: What's It Used For?
Mybranch Becu
Splunk Stats Count By Hour
Garrison Blacksmith Bench
Www.craigslist Virginia
El Paso Pet Craigslist
Cad Calls Meriden Ct
Health Benefits of Guava
Recent Obituaries Patriot Ledger
Jonathan Freeman : "Double homicide in Rowan County leads to arrest" - Bgrnd Search
Nesb Routing Number
Okatee River Farms
Publix 147 Coral Way
Craigslist/Phx
Find your energy supplier
Items/Tm/Hm cheats for Pokemon FireRed on GBA
Edible Arrangements Keller
Craigslist Pikeville Tn
Springfield Mo Craiglist
Pac Man Deviantart
Lancasterfire Live Incidents
Osborn-Checkliste: Ideen finden mit System
Daylight Matt And Kim Lyrics
Water Trends Inferno Pool Cleaner
Days Until Oct 8
Walgreens Alma School And Dynamite
Att.com/Myatt.
[PDF] NAVY RESERVE PERSONNEL MANUAL - Free Download PDF
Tips and Walkthrough: Candy Crush Level 9795
Www.paystubportal.com/7-11 Login
Inkwell, pen rests and nib boxes made of pewter, glass and porcelain.
Cognitive Science Cornell
Nk 1399
Alternatieven - Acteamo - WebCatalog
Imagetrend Elite Delaware
R/Orangetheory
Gus Floribama Shore Drugs
Broken Gphone X Tarkov
301 Priest Dr, KILLEEN, TX 76541 - HAR.com
Fetus Munchers 1 & 2
Cnp Tx Venmo
Login
FedEx Authorized ShipCenter - Edouard Pack And Ship at Cape Coral, FL - 2301 Del Prado Blvd Ste 690 33990
Chubbs Canton Il
Kushfly Promo Code
F9 2385
Competitive Comparison
Die 10 wichtigsten Sehenswürdigkeiten in NYC, die Sie kennen sollten
Latest Posts
Article information

Author: Tish Haag

Last Updated:

Views: 5635

Rating: 4.7 / 5 (47 voted)

Reviews: 86% of readers found this page helpful

Author information

Name: Tish Haag

Birthday: 1999-11-18

Address: 30256 Tara Expressway, Kutchburgh, VT 92892-0078

Phone: +4215847628708

Job: Internal Consulting Engineer

Hobby: Roller skating, Roller skating, Kayaking, Flying, Graffiti, Ghost hunting, scrapbook

Introduction: My name is Tish Haag, I am a excited, delightful, curious, beautiful, agreeable, enchanting, fancy person who loves writing and wants to share my knowledge and understanding with you.