Hashtag: #Cryptocurrency

Students Impress At FinTech Challenge Debate

Students Impress At FinTech Challenge Debate

On Saturday, April 13th at the Fairmont Southampton, Dynamic Debaters and Learners and lead supporter HSBC Bermuda hosted the FinTech Challenge Debate, with a debate topic of ‘Be it resolved, Bermuda looks to its FinTech future with optimism.’ In preparation for this debate the students spent four months immersed in the FinTech industry... Read more of this article

Diamond Standard Launch Diamond Commodity

Diamond Standard Launch Diamond Commodity

Diamond Standard has unveiled what they said is the “world’s first fungible diamond commodity product—a universal asset to secure any digital transaction,” and the company said they are “applying to be regulated by the Bermuda Monetary Authority.” “Diamonds are a valuable natural resource, but unusable by institutional... Read more of this article

B3 Future Banking Summit Set To Host Forum

B3 Future Banking Summit Set To Host Forum

B3 Future Banking Summit to getting set to host an industry forum in Bermuda on April 21 and April 22, intended for “innovators, investors, and policy makers leading the transformation of banking and payments with blockchain and digital currencies.” A spokesperson said, “Global leaders at the intersection of banking, payments, and... Read more of this article

Column: Looking At Island’s Digital Asset Plans

Column: Looking At Island’s Digital Asset Plans

[Opinion column written by Chris Garrod] A look into how a 21 sq mile island opened its door to digital asset business It’s called The Digital Asset Business Act 2018, which doesn’t really sound that interesting, I suppose. But, yes, it is. The Act introduced the concept of digital asset businesses setting up and being regulated in Bermuda. Creating... Read more of this article

Velocity Ledger Receives Approval For ICO

Velocity Ledger Receives Approval For ICO

Velocity Ledger Holdings Limited [VLHL] has been approved to conduct an initial coin offering [ICO] by the Ministry of Finance, the company has announced. “VLHL is a Bermuda Company with two subsidiaries for which the ICO will fund operations: VL Financial and Velocity Ledger Technology Limited [VL Tech],” the company said. “VL Financial... Read more of this article

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