Bermuda news and trends

Coinbase Debuts Offshore Exchange as US Relations Cool
Cryptocurrency // May 02, 2023

Coinbase has launched an international cryptocurrency exchange as it contends with rising tensions with regulators. Coinbase International Exchange, announced Tuesday (May 2) on the company blog, will let institutional users based in eligible jurisdictions outside of the U.S. trade perpetual futures, which Coinbase said accounted...

Crypto’s Offshore And Off-Book Habits Raise Challenges for US Regulators
Cryptocurrency // December 08, 2022

FTX’s implosion has shown how much the crypto industry thrived between regulatory and jurisdictional gaps. It has also revealed the dangers inherent to consumers that exist when the companies they’ve handed control of their assets over to collapse into these gaps. What U.S. regulatory bodies...

Today in Crypto: S. Korea Probes Embezzlement Allegations at Terraform Labs; Blockchain.com CEO Warns of...
Cryptocurrency // June 09, 2022

Coinbase will invest in Southeast Asian crypto exchange Zipmex rather than fully buying it, The Block Crypto reported Thursday (June 9). The purchase was discussed by both parties, though they instead went for a strategic investment. This comes as Zipmex has been courting investors and...

Circle Announces New Details Of Crypto-Driven Bermuda Expansion
B2B Payments // July 18, 2021

Less than a month after winning regulatory approval to offer a high-yield crypto product in Bermuda, FinTech Circle announced more details of its previously-disclosed plans to expand its operation in the country. According to Circle’s announcement, new hires will be in compliance, operations and customer...

Interviews & Exclusives
An American Revolution — How US Crypto Policy Diverges From Rest of World

July 04, 2023
There will be no fireworks for the digital asset sector this July Fourth.  It’s looking like the course du jour being cooked on the grill this Independence Day could be the cryptocurrency industry itself, with the Securities and Exchange Commission (SEC) being sure to turn the heat up as high as possible.  That’s because the Gary […]

Quick Reads
Coinbase Debuts Offshore Exchange as US Relations Cool

May 02, 2023
Coinbase has launched an international cryptocurrency exchange as it contends with rising tensions with regulators. Coinbase International Exchange, announced Tuesday (May 2) on the company blog, will let institutional users based in eligible jurisdictions outside of the U.S. trade perpetual futures, which Coinbase said accounted for almost three-quarters of worldwide crypto trading volume in 2022. […]

Today in Crypto: S. Korea Probes Embezzlement Allegations at Terraform Labs; Blockchain.com CEO Warns of...

June 09, 2022
Coinbase will invest in Southeast Asian crypto exchange Zipmex rather than fully buying it, The Block Crypto reported Thursday (June 9). The purchase was discussed by both parties, though they...

Bitcoin Daily: Bermuda Eyes Digital Stimulus Token Program; China’s Digital Yuan Might Include A Traceable...

September 01, 2020
The Bermuda government is working on a plan to roll out a digital stimulus token to help residents and vendors, The Royal Gazette reported. Working in conjunction with stablecoin payment...

Bitcoin Daily: Bitcoin Hack Victims To Receive $13.8M; Bermuda Gov’t Boosts Blockchain Adoption

February 03, 2020
Denis Pitcher, chief FinTech advisor to the Premier of Bermuda, told CoinDesk on Sunday (Feb. 2) that he is planning to introduce a platform that will let the island’s residents...