Category: technology
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
Premier Burt Visits ICT Dept Safer Internet Day
Premier David Burt stopped by the Safer Internet Day at St. Paul’s Centennial Hall in Hamilton to support the Bermuda Government Department of ICT Policy & Innovation work in educating Bermuda’s seniors on how to remain safe online. The Government posted the photos online below, the Premier tweeted, “Stopped by Safer Internet Day 2019 to... Read more of this article
Department To Host Safer Internet Day 2019
This Tuesday [Feb 19], the Department of ICT Policy & Innovation will host Safer Internet Day from 10am until 2:30pm at St. Paul’s Centennial Hall in Hamilton. A spokesperson said, “This Tuesday, February 19th, the Island’s seniors will gather to learn, surf, post, secure, like, and comment during Bermuda’s 5th annual Safer Internet... Read more of this article
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
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
Auto Solutions Launch Self-Serve Car Wash App
Auto Solutions has launched Bermuda’s first self-serve car wash operated by an app. The ‘”Touch-4-Wash” app is now available for download in Bermuda and the app-activated car wash officially opens on Friday, February 15, 2019. The car wash can be used by everyone and is not just limited to Auto Solutions customers. The self-serve car wash can... Read more of this article
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
Govt ‘Reviewing Resources’ For Fintech Hub
The ‘Project 44′ FinTech hub – slated for the third floor of the IAS Building on Church Street in Hamilton – has been put “on hold” the Government has confirmed. “The Government wants to ensure that it is not only being fiscally prudent, but effective and efficient with the appropriate use of its resources,”... Read more of this article
Phishing Email Scam, Resident Loses Thousands
The police are once again urging people to “remain vigilant regarding phone calls, e-mails and other correspondence from unknown persons that attempt to obtain personal information or other sensitive data,” saying that a recent email scam purporting to be from a local bank “resulted in the loss of several thousand dollars from one... Read more of this article
Ad Tech Startup TribeOS Launches FIRE
[Updated] Ad Tech Startup tribeOS announced that they have launched FIRE, which according to their website is a “Security Token Offering” which has been approved by Bermuda officials. The company’s website said, “tribeOS, a digital advertising marketplace that uses distributed ledger technology to provide a new level of transparency... Read more of this article
