Hashtag: #Cryptocurrency

Tech Firm Trunomi Wins Europas Award

Tech Firm Trunomi Wins Europas Award

Bermuda technology firm, Trunomi took home the Europas Award for Hottest Blockchain Identity Project, Perseid. The firm, founded by local CEO Stuart Lacey, has been lauded for its innovative work on Perseid, a consent ID blockchain technology project. The project is named Perseid after the annual meteor shower which includes thousands of individual... Read more of this article

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

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

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

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

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

OBA: New Bank Class Plans Raise “Red Flags”

OBA: New Bank Class Plans Raise “Red Flags”

[Updated] “The Premier’s decision to create a new class of bank in Bermuda raise a series of red flags that should make Mr and Mrs Bermuda extremely concerned,” Opposition Leader Jeanne Atherden said today [July 2], adding that “if not done extremely carefully and transparently it could pose significant reputational damage to Bermuda.” Bill... Read more of this article

Ovis Plans To Establish Presence In Bermuda

Ovis Plans To Establish Presence In Bermuda

Ovis Communications — a cryptocurrency company based in Turkey — is “establishing a presence in Bermuda to further develop its long term growth plans,” the company said. “Last week they submitted an application to the Bermuda Monetary Authority to incorporate an exempted company. Ovis principals Serbulent Arslan and Zubeyir... Read more of this article

Premier: New Class Of Bank For FinTech

Premier: New Class Of Bank For FinTech

“The Banks and Deposit Companies Act 1999 will be amended to allow for a new class of bank that will provide banking services to Bermuda based FinTech companies,” Premier and Minister of Finance David Burt said. Speaking in the House of Assembly today [June 29], the Premier said, “The‘ICO Bill’ and the Digital Asset Business Act,... Read more of this article

KPMG In Bermuda FinTech Summit Poll Results

KPMG In Bermuda FinTech Summit Poll Results

On May 31st, KPMG in Bermuda [KPMG] held their first FinTech Summit, with the full-day session designed to bring together organisations in an effort to provide a better understanding of the fintech landscape including blockchain, realities of automotive regulatory compliance, robotic process automation [RPA] and data analytics. The Summit explored emerging... Read more of this article

Premier Burt Meets With ‘Token Communities’

Premier Burt Meets With ‘Token Communities’

Premier and Minister of Finance David Burt welcomed Alex Lightman and Steven Knight of Token Communities of Gibraltar to the Cabinet Office to “discuss opportunities in the Bermuda Fintech space.” Premier Burt tweeted the photos below, saying: “Welcomed Alex Lightman and Steven Knight of Token Communities of Gibraltar to the Cabinet Office... Read more of this article