Hashtag: #Cryptocurrency

“Relm Is Committed To The Digital Asset Space”

“Relm Is Committed To The Digital Asset Space”

Following a detailed review of Relm’s entire portfolio, Relm CEO Joseph Ziolkowski said it remains “confident that we will continue to be well-capitalized to serve the needs of the industry as the fallout from this event evolves.” Mr. Ziolkowski said, “Relm is a global leader in providing insurance to companies operating in new... Read more of this article

BlockFi Inc Files For Bankruptcy In United States

BlockFi Inc Files For Bankruptcy In United States

BlockFi Inc and eight of its affiliates filed for bankruptcy in the United States and said “in parallel with these chapter 11 cases, BlockFi International Ltd. a Bermuda incorporated company, filed a petition with the Supreme Court of Bermuda for the appointment of joint provisional liquidators.” Their website said, “This action follows... Read more of this article

CoinDesk Money Reimagined Features Bermuda

CoinDesk Money Reimagined Features Bermuda

CoinDesk’s Money Reimagined has featured Bermuda in their recent podcast episode titled “A Growing Digital Assets-Based Finance Community: Bermuda Part 2.” “On this episode of ‘Money Reimagined,’ hosts Michael Casey and Sheila Warren speak with Denis Pitcher, chief fintech adviser to the Office of the Premier in the territory, and Chancellor... Read more of this article

‘Important To Understand The Product & Its Risk’

‘Important To Understand The Product & Its Risk’

Digital asset technology is growing in adoption, the level of risk associated will vary according to the use case and product design and it is “important for the public to understand the product and its risk before entering into any agreement,” the Bermuda Monetary Authority [BMA] said. A spokesperson said, “Digital asset technology... Read more of this article

New UK PM Once Spoke Of Cryptoasset Goals

New UK PM Once Spoke Of Cryptoasset Goals

Newly appointed British Prime Minister Rishi Sunak once said it his “ambition to make the UK a global hub for cryptoasset technology” and also asked the Royal Mint UK to create an NFT. Prime Minister Sunak previously served as Chancellor of the Exchequer, akin to our position of Finance Minister, and while in that position earlier this year,... Read more of this article

NEXT ‘Strongly Support’ Digital Asset Industry

NEXT ‘Strongly Support’ Digital Asset Industry

NEXT Bermuda’s Digital Assets Industry Forum and its members said they “strongly support Bermuda and the continuous development of its Digital Asset industry.” A spokesperson said, “Bermuda is the ideal home for Digital Asset businesses, which include but not limited to Exchanges, Insurers, Funds and Banks, which are committed to... Read more of this article

US & Canada Officials File Against Arbitrade

US & Canada Officials File Against Arbitrade

The U.S. Securities and Exchange Commission [SEC] and Canada’s Ontario Securities Commission [OSC] have both released statements related to Arbitrade, with the SEC saying they filed charges for “perpetrating an alleged pump-and-dump scheme involving a crypto asset” while the OSC said they “filed allegations against Troy Richard... Read more of this article

‘Reverse Pitch Competition’ For Students

‘Reverse Pitch Competition’ For Students

The Economic Development Department announced the launch of its annual Reverse Pitch Competition. A Government spokesperson said, “Unlike a regular pitch competition, which involves participants presenting their business idea to potential investors, Reverse Pitch participants engage in problem-solving regarding a pain-point, or a challenge, using... Read more of this article

CoinZoom Global Gets License From BMA

CoinZoom Global Gets License From BMA

CoinZoom announced its Bermuda based subsidiary CoinZoom Global, Ltd. has been granted a license under the Digital Asset Business Act [DABA] from the Bermuda Monetary Authority [BMA]. A spokesperson said, “CoinZoom, a U.S. based cryptocurrency exchange and leading fintech company announced its Bermuda based subsidiary CoinZoom Global, Ltd. has been... Read more of this article

Govt Launches Weekly Fintech Fridays Podcast

Govt Launches Weekly Fintech Fridays Podcast

The Government media has launched another online talk show offering, this time it is a weekly Fintech Fridays podcast which “aims to demystify Fintech, its core concepts, and its importance for Bermuda.” A Government spokesperson said, “The Ministry of Economy and Labour is pleased to announce the launch of the weekly Fintech Fridays podcast.... Read more of this article

Premier: ‘Fintech Is Creating Jobs In Bermuda’

Premier: ‘Fintech Is Creating Jobs In Bermuda’

Premier & Minister of Finance David Burt recently visited the Bittrex Global and RELM Insurance offices, with the Premier stating that “Fintech is creating jobs in Bermuda for Bermudians,” noting that Bittrex has six full-time Bermudian staff members, while in the past year, RELM has “grown from 4 employees to 13, all of whom are Bermudian.” The... Read more of this article

Digital Asset Companies Create Industry Group

Digital Asset Companies Create Industry Group

Fourteen digital asset companies licensed by the Bermuda Monetary Authority have created an organisation called NEXT, which has a mission to “support initiatives to enhance Bermuda’s sustainable digital asset ecosystem.” A spokesperson said, “Bermuda’s Premier, the Honorable David Burt, JP, MP, announced during his keynote address... Read more of this article

Column: Banking On Bermuda’s Newest Industry

Column: Banking On Bermuda’s Newest Industry

[Opinion column written by MP Jache Adams] There is a new bank in town for the first time in over two decades! Jewel Bank has received its full bank and digital asset business licenses from the Bermuda Monetary Authority, opening the door for them to service the digital asset industry and will eventually offer retail services for residents of Bermuda. Jewel... Read more of this article