Phillip Potter, co-founder of Tether (USDT) and former CSO of sister firm Bitfinex, has joined the advisory board of a new stablecoin clearing house project
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Ex-Tether Exec Joins Venture Launching Stablecoin Clearinghouse
Category: Bermuda
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Bermuda Issues Draft Crypto Custodial Services Regulation
The Bermuda Monetary Authority (BMA), the island’s foremost financial services regulator, has published a draft regulation for cryptocurrency custodial services. The regulation – Code of Practice for Digital Asset Custody – outlines prescriptions to ensure the secure handling of customers’ crypto assets. Also read: Brazilian Supermarket Chain Now Accepts Payment in Bitcoin ‘Safe Space for Investment’ […]
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Bermuda Financial Regulator Releases Draft Regulation for Crypto Custodial Services
Bermuda’s financial watchdog BMA has released a draft code of practice for crypto custodial services
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Salt to Offer Crypto-Backed Loans in 7 Global Markets, 15 More US States
Salt, a cryptocurrency-backed loan service, has announced plans to launch operations in seven new jurisdictions throughout the world, while offering its services in 15 more U.S. states. It will also include litecoin (LTC) among its offerings, while providing more competitive interest rates and removing loan caps. Also read: Bitcoin Price: Wall Street Optimistic, Enthusiasts Pessimistic […]
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Which Countries Are Best to Start Blockchain Projects?
Some countries are far more welcoming than others when it comes to their cryptocurrency regulations and business climate. Where is the best place to start a blockchain project?
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Crypto Exchange Binance Expects up to $1 Billion Profit in 2018
Leading cryptocurrency exchange Binance expects a net profit of up to $1 billion USD this year. The trading platform has already registered about $300 million of revenue in the first half of 2018 and a five-fold increase in the number of users. The data demonstrates a serious growth for Binance which is taking steps to […]
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Bermuda Amends Law to Create Banks That Will Serve Blockchain Companies
For years, blockchain and crypto companies have struggled to access banking services, even a decade after Bitcoin was invented. While cryptos have become especially popular in the last two years, the situation hasn’t changed much around the world. Crypto and blockchain companies have had to turn to banks in smaller countries which have been more […]
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The Daily: Malta Enacts Crypto Bills, Bermuda Wants New Banks, Dotcom Loses Appeal
In today’s edition of Bitcoin in Brief we cover stories from various corners of the world. In Malta the parliament has enacted three crypto bills into law, in Bermuda the authorities want to create a new type of crypto friendly banks, and in New Zealand Kim Dotcom has lost his extradition appeal. Also Read: Get […]
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ICO Round-Up: Nearly 1 in 5 Offerings Accused of Fraud, Bermuda Passes Regulations, Thai SEC Holds Hearing
A recent “analysis of 1,450 cryptocurrency offerings” published by the Wall Street Journal has claimed to have revealed “rampant plagiarism, identity theft, and promises of improbable returns.” In other ICO news, Bermuda’s parliament has passed regulations that will legitimize initial coin offerings as a means of fundraising, and Thailand’s SEC held a hearing regarding its upcoming […]
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PR: Horizon Communications, an ICO Building Telecommunication Infrastructure, Is Now Live
Horizon Communications is a ISP startup based in Bermuda. The company plans to deploy a wireless state-of-the-art internet solution in the Caribbean, South and Central America, with an ambitious plan to deploy their services worldwide. Their aim is to provide high speed internet and cell phone services to replace obsolete equipment and technology that is easily disrupted by natural disasters and suffers from aging copper and cable infrastructure.These legacy networks are no longer economically viable.
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