Hashtag: #Cryptocurrency

Audio: Premier David Burt On FinTech MOUs

Audio: Premier David Burt On FinTech MOUs

Premier David Burt provided an update on the conversations and developments with four fintech firms the Government signed MOUs with last year; Binance, Omega One, Shyft Network and Medici Ventures. The Premier was speaking during the Premier’s Question Period in the House of Assembly on Friday [March 8], with Premier Burt answering questions from... Read more of this article

BIFF Add Virtual & Augmented Reality Category

BIFF Add Virtual & Augmented Reality Category

The Bermuda International Film Festival [BIFF] and Hub Culture have announced the creation of BIFF Immersive, a new category for virtual reality, augmented reality and gaming as part of the Festival. “BIFF Immersive is presented by Ven, Hub Culture’s global digital currency, with an award of 5,000 Ven for the winning entry in the category,”... Read more of this article

US Banking For Licensed FinTech Companies

US Banking For Licensed FinTech Companies

The Government announced that “Bermuda can now offer an option for US banking services to Bermuda licensed FinTech companies,” as “Signature Bank, a New York-based full-service commercial bank, has agreed to provide a full range of banking services to companies that meet Bermuda and Signature Bank standards.” A Government spokesperson... Read more of this article

Column: Crypto Banks & Digital Transformation

Column: Crypto Banks & Digital Transformation

[Opinion column written by Chris Garrod] Bermuda’s Banks and Deposit Companies Act was amended in August 2018. While the amendment legislation is less than three pages long, the amendments should be far-reaching. Its provisions permit the creation and/or licensing of a new category of Bermuda bank to be regulated by the Island’s primary regulator,... Read more of this article

Coinsquare Acquires Crypto Platform StellarX

Coinsquare Acquires Crypto Platform StellarX

Coinsquare — a cryptocurrency trading platform — announced it has acquired StellarX. “StellarX will be a wholly owned subsidiary of Coinsquare, based in Bermuda and will look to apply with the regulators there to become licensed to operate and scale its offering under Coinsquare’s compliance leadership,” the company said. “The... Read more of this article

FI Launching Automated-Hedging Platform

FI Launching Automated-Hedging Platform

Fundamental Interactions announced the launch of its proprietary automated-hedging platform designed to jumpstart liquidity within a new exchange. “It allows an automated market maker to refactor quote feeds from an active external exchange in order to supply continuous order liquidity to the internal market book. VL Financial Ltd, currently in... Read more of this article

OBA Leader & Minister On Fintech Hub, Plans

OBA Leader & Minister On Fintech Hub, Plans

The Government putting the plans for a fintech hub on hold is an “admission that the fintech policy is not working,” and raises “questions about the viability” of the PLP’s economic stimulus plan, Opposition Leader Craig Cannonier said, while Minister Jamahl Simmons said “the best investment a Government can make is in... Read more of this article

XBTO To Launch Stablecoin Clearinghouse

XBTO To Launch Stablecoin Clearinghouse

Stablehouse.io, a new venture created by XBTO International, XBTO Ventures and Phil Potter, formerly of Bitfinex and Tether, announced their intention to launch a “first-of-its-kind clearinghouse for stablecoins that seeks to promote the next phase of the market’s development.” “Stablecoin” is a term used in relation to cryptocurrency... Read more of this article

Report: Island To Get Crypto-Friendly Bank

Report: Island To Get Crypto-Friendly Bank

During an interview at the World Economic Forum, Premier David Burt announced that he will soon be ”making an announcement revealing that a bank will be set up in the country that will start accepting crypto and blockchain companies.” This is according to a report from CCN, which said, “It looks like the skies will be much clearer for... Read more of this article

Bittreo Plan To ‘Move Operations’ to Bermuda

Bittreo Plan To ‘Move Operations’ to Bermuda

Premier David Burt welcomed Malcolm Weed and Yum Kasukawa of digital asset company Bittreo to the Cabinet Office to “hear their plans to move their operations to Bermuda.” Premier Burt tweeted the photos below, saying: “Yesterday I welcomed Malcolm Weed and Yum Kasukawa, co-founders of Bittreo to the Cabinet Office to hear their plans... Read more of this article

Arbitrade Takes Alleged CyberStalker To Court

Arbitrade Takes Alleged CyberStalker To Court

[Updated] People involved with the Arbitrade company have filed legal action against Ronnie Moas, seeking an injunction requiring him to “refrain immediately from stalking, cyberstalking, harassing, and threatening Plaintiffs through verbal, written, and electronic communications.” Mr Moas, the founder of Standpoint Research, was previously... Read more of this article

Column: Bermuda & Digital Assets A Busy 2018

Column: Bermuda & Digital Assets A Busy 2018

[Opinion column written by Chris Garrod] The beginning Looking at it from a Fintech perspective, 2018 was both a formative and busy year for Bermuda. It primarily started back in January, 2018. The Premier and his Minister, Wayne Caines, along with representatives from the Bermuda Business Development Agency attended the annual World Economic Forum... Read more of this article

Report: Facebook Working On Cryptocurrency

Report: Facebook Working On Cryptocurrency

Facebook is reportedly working on making a cryptocurrency that will let users transfer money on its WhatsApp messaging app, focusing first on the remittances market in India, according to a report from Bloomberg. The story said, “The company is developing a stablecoin — a type of digital currency pegged to the U.S. dollar — to minimize... Read more of this article