RSSCategory: technology

Premier: 19 Fintech Companies Incorporated

Premier: 19 Fintech Companies Incorporated

19 fintech companies have incorporated in Bermuda, 24 others are in the process of incorporation – for a total 43 companies, Premier and Minister of Finance David Burt told the House of Assembly. The Premier was speaking during the ‘Premier’s Question Period,’ which was held for the first time in the House of Assembly on Friday. 90... Read more of this article

Business Email Compromise Scam Advisory

Business Email Compromise Scam Advisory

The police continue to urge companies to review business processes to guard against the ‘Business E-mail Compromise’ scam, saying the most recent of these cases was reported to police on Thursday, and “involved employees of a company who were in receipt of several e-mails which purported to be from their boss, instructing them to wire over... Read more of this article

Premier On Initial Coin Offering Regulations

Premier On Initial Coin Offering Regulations

“The Initial Coin Offering Regulations that have been published, “Premier and Minister of Finance David Burt said in the House of Assembly today [July 13], explaining that the regulations “clearly define the minimum required information for ICOs” and “outline the compliance measures.” “It is the Government’s... Read more of this article

Police: Email Scam Attempts To Extort Money

Police: Email Scam Attempts To Extort Money

The police are advising people to “remain vigilant regarding phone calls, e-mails and other correspondence from unknown persons that attempt to obtain personal information,” and provided a sample of one such email, which tried to extort someone alleging they had watched “adult vids.” A police spokesperson said, “The Bermuda... Read more of this article

Bermuda’s Top 50 Twitter List For July 2018

Bermuda’s Top 50 Twitter List For July 2018

[Written by Don Burgess] Twitter’s war on bots and fake accounts has ratcheted up the past three months. According to the Washington Post, Twitter has suspended more than 70 million accounts as it battles to stem the flow of fake news on the social media platform. No one in Bermuda’s Top 50 Twitter List suffered that fate although a few accounts... Read more of this article

Arbitrade Now Listed On Registrar of Companies

Arbitrade Now Listed On Registrar of Companies

The Government’s Registrar of Companies Directory now shows a listing for Arbitrade, the start up technology firm which has been in the news lately. The listed company directors are Leonard Schutzman, Lawrence Howard Meyer, Mohammed Amin Markatia, Brent Michael Longnecker, Charles Hamlin Woodworth Jr, Daniel Francis Sweet, Jason Douglas Springett... Read more of this article

‘All Companies Subject To Stringent Assessment’

‘All Companies Subject To Stringent Assessment’

“All companies wishing to launch an ICO or run a digital exchange in Bermuda are subject to a stringent assessment and review process,” Minister of National Security Wayne Caines said, adding “once the Acts fully come into effect, any company will need to follow the application process. Therefore any discussions about potential offerings... Read more of this article

Ascendant STEM Camp Offered Free Of Charge

Ascendant STEM Camp Offered Free Of Charge

Ascendant Group has completed the first week of its annual STEM [Science, Technology, Engineering and Mathematics] Camp, which caters to middle school students looking to enhance their skills in STEM by developing challenging robotic projects, electronics and wearable technology. The Camp was initially launched in 2013 and provides an interactive experience... Read more of this article

Arbitrade On Gold Bullion & ‘Vault In Bermuda’

Arbitrade On Gold Bullion & ‘Vault In Bermuda’

Saying they have made a deal with Sion Trading FZE Dubai to acquire $10 billion in gold bullion, Arbitrade said as they pay “off the gold bullion debt to Sion, the gold can be traded for the appropriate metals backing each token before being shipped to the vault in Bermuda.” This follows after the company’s recent press conference... Read more of this article

“Building A State-Of-The Art Co-Working Space”

“Building A State-Of-The Art Co-Working Space”

“Government is in the planning stages of building a state-of-the art co-working space for incoming industry players,” Minister of National Security Wayne Caines said, adding that the “purpose built facility will allow technology companies to domicile in Bermuda and have access to a premium facility with a plethora of services.” Speaking... Read more of this article

Minister Speaks On Digital Assets In France

Minister Speaks On Digital Assets In France

The Minister of National Security Wayne Caines is currently representing Bermuda at the Organization of Economic Co-operation and Development [OECD] to “share the Bermuda perspective on regulation at a special roundtable on digital assets.” “Minister Caines – who was invited by the OECD to its Paris, France headquarters – addressed... Read more of this article

Dunkley: Arbitrade “Raises More Red Flags”

Dunkley: Arbitrade “Raises More Red Flags”

[Updated] “The announcement by Arbitrade raises more red flags than a hurricane on South Shore,” Shadow Minister Michael Dunkley said following Arbitrade’s press conference in which they made a number of statements. As Bernews reported earlier this week, the start up company held a press conference call and reportedly made a number... Read more of this article

Arbitrade Statements: Building, Donations, More

Arbitrade Statements: Building, Donations, More

During their recent press conference call, Arbitrade — which previously announced its home domicile will be Bermuda — reportedly said they will be “donating $1 million to the Government’s new state-of-the-art co-working space,” made statements about other donations, and said they “recreated a gold standard for the cryptocurrency... Read more of this article