Hashtag: #Cryptocurrency
Delegation Attends Tech Conference In Toronto
Bermuda Premier David Burt turned the spotlight on the island’s innovation community for a sold-out audience of global entrepreneurs in Toronto this week at North America’s fastest-growing tech conference, the Bermuda Business Development Agency said. “Collision, which brought 25,000 delegates, including investors and start-ups, to the city’s... Read more of this article
Free FinTech Online Education Opportunity
The Government’s FinTech Business Unit said they are launching a “free online program” with the San Francisco-based FinTech School. A Government spokesperson said, “As part of the Bermuda Government’s FinTech Education Programme, the FinTech Business Unit announced today the launching of a free online program with The FinTech... Read more of this article
Bermudian Receives Grant To Attend Consensus
Bermudian Waheedah Mahasin Zarif, recently attended the 2019 Consensus Conference in New York, after receiving a grant from the Diversity in Blockchain Program and travel arrangements provided by the Cabinet Office. One of the biggest events of the blockchain calendar, Consensus is the annual gathering of the cryptocurrency and blockchain technology... Read more of this article
Bermuda Spotlights Fintech Innovation In NY
Bermuda highlighted its regulatory and legal framework for fintech business, as a delegation of government and industry experts returned for a second year to “Blockchain Week” in New York for Consensus 2019. Premier David Burt, accompanied by Finance Minister Curtis Dickinson and Bermuda Business Development Agency CEO Andy Burrows, led a group... Read more of this article
Premier David Burt On Bloomberg Podcast
Premier David Burt appeared on the Bloomberg Market podcast to discuss the “country’s growing crypto and blockchain business.” The Bloomberg website said, “The Honorable David Burt, Premier of Bermuda, discusses the country’s growing crypto and blockchain business. Dr. Christopher Smart, Head of the Barings Investment Institute, on... Read more of this article
Campbell Joins Bitcarbon & Diamond Standard
Bitcarbon Technologies – a new company that has applied for a digital assets business license in Bermuda — announced that it has made its first local hire, with James Campbell joining the company as Chief Financial Officer. He has also taken the role of CFO at Diamond Standard Ltd., a sister company which is building an electronic diamond... Read more of this article
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 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 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
[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 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
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
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
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
[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 — 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
