Hashtag: #Cryptocurrency
Circle Announces Launch Of Circle Yield
Circle announced the launch of Circle Yield, a “crypto yield and treasury solution for enterprises and corporate treasury leaders.” A spokesperson said, “Circle, a global financial technology firm, today announces the launch of the well regulated crypto yield and treasury solution for enterprises and corporate treasury leaders, Circle... Read more of this article
24 Exchange Wins Bitcoin Pitch Day Contest
24 Exchange Bermuda Ltd won the Pitch Day competition during Whale Day at Bitcoin 2021, billed as the “largest bitcoin conference in history with 12,000 attendees converging on Miami for the showcase event.” A spokesperson said, “24 Exchange was selected as one of 12 finalists from more than 140 applicants as a showcase for the next... Read more of this article
Stonberg Appointed Interim CEO Of Bittrex Global
The Boards of Directors of Bittrex Global announced the appointment of Stephen Stonberg as the interim CEO. A spokesperson said, “The Boards of Directors of Bittrex Global GmbH [Vaduz, Liechtenstein] and Bittrex Global [Bermuda] Ltd [Hamilton, Bermuda] have confirmed that Tom Albright is stepping down from his role as CEO of both companies effective... Read more of this article
XBTO Donate $50,000 To Vaccination Clinic
XBTO International donated $50,000 to support the Bermuda Hospitals Board’s Covid-19 Vaccination Clinic, saying they are “delighted to be able to make a difference in the national fight against Covid-19.” A spokesperson said, “XBTO International, a world leader in cryptofinance, have donated $50,000 today towards the cost of running... Read more of this article
Video: Bloomberg TV Interviews Premier Burt
Bloomberg TV recently interviewed Premier David Burt about digital assets, with the Premier telling Bloomberg that “our fintech strategy has been on focusing on the things that will matter.” Bloomberg TV tweeted the video below saying, “Cryptocurrency may not be the first thing you think of when it comes to Bermuda, but it is a ‘test... Read more of this article
Gosling’s Pilot Project To Accept Digital Dollars
To celebrate the opening of their renovated flagship retail location on the corner of Front and Queen Streets, Gosling’s Limited has “entered into a pilot project with Canadian FinTech company Bidali to accept digital Bermuda Dollars for payments.” A spokesperson said, “With support from the Bermuda Government’s Office of Fintech... Read more of this article
Diamond Standard Launch Coin Offering
Diamond Standard announced that they have commenced sales of the Diamond Standard Coin, the “first and only regulator-approved diamond commodity.” “Enabling the offering, Diamond Standard announces the issuance of a regulatory license from the Bermuda Monetary Authority, and a $15-million investment round led by Horizon Kinetics,”... Read more of this article
Audio: Premier David Burt On CoinDesk Podcast
Premier David Burt was featured on a recent episode of CoinDesk’s Money Reimagined podcast series, with the media outlet saying the episode discusses stablecoins and plans to “launch a communally owned national digital bank.” The website said, “In this episode, Michael J. Casey and Sheila Warren of the World Economic Forum are... Read more of this article
Bittrex List Stocks Delisted From Robinhood
Bittrex Global [Bermuda] Ltd. announced that it has listed tokenized stocks for GameStop and AMC Entertainment as well as Nokia, BlackBerry, and iShares Silver Trust. “Bittrex Global will continue to list additional stocks as other firms announce a delisting from their platforms,” the company said. ”This decision is motivated to... Read more of this article
Bittrex Global Launches Tokenized Stock Trading
Bittrex Global [Bermuda] Ltd. announced that “it will be listing tokenized stocks on its digital asset exchange in cooperation with DigitalAssets.AG.” A spokesperson said, “This product will allow traders and investors direct access to listed companies without having to use an external broker or pay additional fees. Shares can be purchased... Read more of this article
Bittrex Global Appoint Jeff Baron As CCO
Bittrex Global [Bermuda] Ltd announced the appointment of Jeff Baron, who is a former Senator and National Security Minister, to the role of Chief Compliance Officer A spokesperson said, “Bittrex Global [Bermuda] Ltd. has announced the appointment of Jeffrey Baron to the role of Chief Compliance Officer [CCO] in December, alongside Ashton Easton... Read more of this article
Stablehouse Raises Over $2M In Seed Funding
Stablehouse has raised $2.18 million in seed funding from Liberty City Ventures, Dragonfly Capital, and other investors. A spokesperson said, “Stablehouse, a pioneering payment and FX exchange platform for stablecoins, has announced seed funding of $2.18 million, with investments secured from Dragonfly Capital, the VC focusing on crypto asset... Read more of this article
SEC: Unikrn To Pay $6.1 Million Penalty
The U.S. Securities and Exchange Commission announced charges against Unikrn Inc “for conducting an unregistered initial coin offering [ICO] of digital asset securities” and said that Unikrn “agreed to settle the charges by paying a $6.1 million penalty.” A statement from the SEC said, “The Securities and Exchange Commission... Read more of this article
Stablehouse Test Pilots Digital Stimulus Token
Stablehouse have commenced a “test pilot program for a digital stimulus token,” the company said. A spokesperson said, “Stablehouse, a pioneering payment and FX exchange platform for stablecoins, and the Government of Bermuda have commenced a test pilot program for a digital stimulus token. The goal of the pilot is to explore and demonstrate... Read more of this article
BMA Grants Class 3A Insurer Licence To Evertas
Evertas, a cryptoasset insurance company announced that is has received its license from the Bermuda Monetary Authority to start operating as a ‘Class 3A’ insurer. A spokesperson said, “Evertas, one of the world’s first cryptoasset insurance companies, has received its licence from the Bermuda Monetary Authority to start operating from... Read more of this article
Column: The Fintech Flexibility Of Bermuda
[Opinion column written by Chris Garrod] After less than two years, the island’s core digital asset laws are being amended. Bermuda’s new Digital Asset Issuance Act 2020, which became effective on May 6th, 2020, comes soon after the introduction in 2018 of two fundamental pieces of Fintech legislation. First, we had what is commonly called Bermuda’s... Read more of this article
