Bahamas Financial News

05.07 / 08:43

business Adoption Environment African infrastructure firm lands $150M to launch crypto water token

South Africa-based H20 Securities has reportedly raised $150 million from the GEM Digital investment firm through the sale of the H20N token.

27.06 / 00:33

markets regulation Banks Bitcoin Crypto conspiracy theories abound, but prop traders are just doing its job

Alameda Research is a cryptocurrency trading firm and liquidity provider founded by crypto billionaire Sam Bankman-Fried (SBF). Before founding his firm in 2017, SBF spent three years as a trader at the quantitative proprietary trading giant Jane Street Capital, which specializes in equity and bonds.

19.06 / 13:31

Who is Harald McPike, the secretive investor behind Starling Bank?

Starling Bank is one of Britain’s hottest fintech companies, beloved by millennials for promising “a human alternative to the banks of the past”. In just three years, it has garnered more than a million customers and £1bn in deposits. Its founder, Anne Boden, is among the sector’s most high-profile chief executives.

07.06 / 13:25

PayPal Tether Bitcoin Checkout.com crypto push $40 billion payments giant Checkout.com starts accepting stablecoins in major crypto push

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06.06 / 08:01

Blockchain Taxes Bitcoin crypto volatility Australian Australian Mayor downplays crypto volatility, recommends it for rates payments

Tom Tate, the Mayor of Gold Coast, Australia, has suggested that cryptocurrency could be used by residents to pay local taxes in future years, though critics have flagged volatility and the recent market crash as a cause for concern.

01.06 / 13:57

business Stablecoin Tether Banks Tether’s reported bank partner Capital Union shares its crypto strategy

Capital Union, a Bahamas-based bank that reportedly holds a portion of reserves by the Tether (USDT) stablecoin issuer, has been itself actively involved in the cryptocurrency industry.

26.05 / 13:43

cryptocurrency Digital Currency Ruble Will Russia’s digital ruble shield its economy from Western sanctions?

A waiver issued by the US Treasury allowing Russia to still transfer payments for its foreign bonds despite Western sanctions expired on Wednesday, leaving Moscow to face an eventual, inevitable default.

23.05 / 18:45

BLOCK SEC CEO Flushing Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say

FTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood.

16.05 / 16:27

Government Blockchain Stablecoin Adoption CBDC activity heats up, but few projects move beyond pilot stage

Government-issued electronic currency seems to be an idea whose time has come.

10.05 / 17:33

Adoption Central Bank Coronavirus Financial the bahamas Sand Dollar CBDC Could ‘Foster Financial Inclusion’ in the Bahamas - IMF

The Sand Dollar, a central bank digital currency (CBDC) developed by the Bahamas, has the potential to “foster financial inclusion and payment system resilience” in the Caribbean nation, a new report from the International Monetary Fund (IMF) has said.

09.05 / 22:49

CBDC regulation education Caribbean the bahamas IMF recommends The Bahamas 'accelerate its education campaigns' on CBDC

Reporting on a consultation with the Caribbean nation on Monday, the IMF said its executive directors “recognized the potential of the Sand Dollar to foster financial inclusion” and recommended the Central Bank of The Bahamas “ accelerate its education campaigns and continue strengthening internal capacity and oversight.” The consultation was somewhat of a departure from several of the IMF’s previous warnings to many countries against the adoption of digital assets — but many of those did not include CBDCs.

06.05 / 21:11

business CBDC Survey Central Bank 90% of surveyed central banks are exploring CBDCs — BIS

A survey conducted by the Bank for International Settlements, or BIS, suggested that many central banks around the world are looking into rolling out a central bank digital currency, or CBDC.

06.05 / 20:19

business Government Stablecoin interview businesses place the bahamas 'Regulations are in place to help crypto businesses understand operations,' says The Bahamas PM Philip Davis

The Bahamas Prime Minister Philip Davis told Cointelegraph that the region has a regulatory regime in place that will enable crypto businesses to operate within its jurisdiction. During an interview at SALT’s Crypto Bahamas conference, Davis shared that The Bahamas recently published a white paper framework that will allow crypto businesses to “grow and prosper,” while letting companies understand the region’s expectations. He added:

05.05 / 20:37

Government ETF SEC Bitcoin SkyBridge SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy

Anthony Scaramucci, the founder of the hedge fund SkyBridge Capital, thinks that the next United States presidential candidacy will likely be pro-cryptocurrency given that the U.S. Securities and Exchange Commission (SEC) recently announced the approval of a fourth Bitcoin (BTC)futures exchange-traded fund (ETF).

04.05 / 17:35

Government Adoption Everything gets politicized, including crypto, says former POTUS candidate Andrew Yang

Although cryptocurrency may still be misunderstood on Capitol Hill, crypto is becoming more political as its influence gains traction. For instance, lobbying by those involved in the cryptocurrency industry has reached new heights. A report from the nonprofit consumer advocacy group Public Citizen found that the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in 2021. The report further indicated that the number of representatives within the cryptocurrency industry increased from 47 to 157 during that time period.

03.05 / 18:43

Blockchain Stablecoin SEC Bitcoin Crypto Bahamas: Regulations enter critical stage as gov't shows interest

The crypto community and Wall Street converged last week in Nassau, Bahamas, to discuss the future of digital assets during SALT’s Crypto Bahamas conference. The SkyBridge Alternatives Conference (SALT) was also co-hosted this year by FTX, Sam Bankman-Fried’s cryptocurrency exchange.

28.04 / 23:47

business Digital Currency regulation Derivatives Executive Agency FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate

Former Commodity Futures Trading Commission (CFTC) chairman Chris Giancarlo, known by some as Crypto Dad during his tenure from 2017 to 2019, spoke Thursday at the Crypto Bahamas conference on the topic of U.S. crypto regulation. He called the current U.S. regulations, many of which were written in the 1930s, “nonapplicable” to the current financial reality of cryptocurrencies.

28.04 / 02:21

business event Blockchain Conference Future Crypto Bahamas: Attendees talk the future of NFTs

The crypto community headed to Nassau in the Bahamas this week for the inaugural Crypto Bahamas conference.

22.04 / 18:57

Binance Gaming Bitcoin Deal Polygon's Supernet, Stripe's Crypto Move, Ulbricht's Bitcoin Deal, Macron on Crypto Regulation + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

21.04 / 22:31

Government regulation Taxes Caribbean Bahamian government hopes to allow residents to pay taxes with digital assets in 2022

Residents of the archipelago nation, the Bahamas, may soon be able to use digital assets including the world’s first central bank digital currency, or CBDC, to pay for taxes.

21.04 / 16:11

Adoption goldman sachs banking Banking Giants Goldman Sachs and Commerzbank Take New Steps Towards Crypto

The American investment bank Goldman Sachs is taking another step toward the crypto industry with a private meeting between its CEO and crypto exchange FTX’s founder & CEO Sam Bankman-Fried. Meanwhile, German bank Commerzbank also appears to be strengthening its crypto offering after it applied for a crypto license earlier this year.

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