A growing number of community banks are considering adding cryptocurrency services, and it could give them an edge in the battle for digital customers. Thirty percent of community banks expect to add crypto to their offerings during the next 18 months, according to a report by financial consultancy Wipfli. Crypto gives community banks an edge […]

SAN ANTONIO — With the use cases for cryptocurrency ranging from embedded payment and trading platforms to fiat-backed stablecoins that have real-world lending applications, banks are focusing on safely meeting a growing consumer appetite. But proving the use cases for crypto is just one step for bankers looking to deploy cryptocurrency services at their institutions. […]

President Joe Biden on Wednesday plans to order government agencies to take a closer look at issues surrounding the fast-growing crypto market, from developing a potential digital dollar to combating illicit finance. The White House executive order, which was outlined in a fact sheet, comes as the administration faces calls from the industry to take […]

Donations to the Ukrainian government and associated charitable organizations are skyrocketing as the fighting has intensified against invading Russian forces. Cryptocurrencies have figured conspicuously in the effort, billed as a new and welcome resource for the country in a time of crisis. But Ukraine’s journey into the cryptoverse has had its bumps, serving as much […]

Mastercard Inc. said it will hire more than 500 young professionals this year as it expands its data and services unit, an effort that will include launching consulting practices focused on cryptocurrencies and open banking. The payments giant will also develop a consulting practice focused on environmental, social and governance issues, Purchase, New York-based Mastercard […]

Peer-to-peer online marketplace Tred is accepting cryptocurrency as payment for vehicles to combat fraudulent transactions and penetrate the younger consumer market. “Vehicles are a really good use case for crypto because we deal with so many different types of fraudulent payment types,” Grant Feek, Tred co-founder and chief executive, told Auto Finance News. Accepting cryptocurrency […]

Penrose Partners, a Canadian & Bermudian blockchain advisory firm, will be spearheading The 3rd Annual International Technology Summit the week of March 7—11, 2022. The event will be hosted in partnership with the Government of Bermuda and the Consulate General of Canada in NY, and is co-organized by Blockchain Triangle and Bermuda Asset Management. Headline sponsors include Algorand, a world-leading blockchain protocol working with national governments, and 3iQ Corp, a Canadian investment manager who launched the world's first publicly traded Bitcoin investment fund (TSX: QBTC.U).

The International Technology Summit will bring together innovators, regulators, and executives from Canada, the US, and around the world to explore the latest breakthroughs in blockchain, enabled by Bermuda's digital asset regulations. Attendees will join Penrose in discussing the advancements of the island's fintech ecosystem and the work being done to accomplish the Hon. E. David Burt, JP, MP; Premier of Bermuda's digital currency vision for the island. The event will also celebrate the successful licensing of new digital asset businesses and the kickoff of the second cohort of startups in the Innofund Innovation Incubator (i3).

A key component of this year's International Technology Summit is the headline conference on Wednesday, March 9th. The conference will consist of panel discussions covering topics that include crypto & DeFi, the state of stablecoins & CBDCs, digital asset custody, and sustainable innovation. The opening presentation will be a conversation between leaders of the Governments of Bermuda and Canada in discussing the progress their administrations have made in technology and innovation. The keynote presentation will be a conversation between Algorand CEO, Steve Kokinos, and 3iQ Chairman & CEO, Fred Pye, where they will share their upcoming plans for enabling sustainable digital asset adoption. 

The International Technology Summit will also include a startup pitch contest on Friday, March 11th, with opportunities for promising entrepreneurs to win conditional entry into the i3 Incubator, along with other prizes. In addition to the pitch contest, the week will feature a FinTech Education Day on Tuesday, March 8th hosted in partnership with Bermuda Government's Economic Development Department on a variety of digital asset and blockchain topics to prepare audience members for the conference on the following day. 

Other Featured speakers will include Garrick Hileman, the Head of Research at Blockchain.com, Justin Newton, CEO of Netki, Alex McDougall, President & COO of Stablecorp, and Bermuda technology leader Kevin Richards of Bermuda Asset Management among many others. Additional sponsors of the event include Clarien Bank, Vesto, Canada Sail GP, Transform Group, Knox Custody, Innofund, Renno & Co and the Canadian Association of Alternative Strategies & Assets.

Penrose invites technologists, futurists, and investors of all ages and from around the world to join the conference to discuss the benefits of web3 technologies—not just for businesses and governments globally—but for our overall social, economic and environmental sustainability.

To register for the conference event on March 9th visit the event page.

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About Penrose Partners

Founded in 2019 by blockchain industry veterans, Penrose Partners are trusted emerging technology consultants on a mission to help strategic stakeholders transform the world's economies through blockchain-based innovations. The firm has worked with top academic institutions, governments and enterprises to facilitate blockchain technology adoption.

The BSTX exchange won approval from U.S. regulators for a plan to use blockchain technology to fuel key aspects stock trading. The approval, announced on the SEC’s website late Thursday, is being hailed by some as a milestone in a push for regulated crypto markets. However, the SEC said in its filing that the go-ahead […]

Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of International Settlements General Manager Agustin Carstens. Their vision, which is to “democratize finance” by cutting out big banks and other middlemen, is “not what decentralized finance applications are delivering,” he said on Tuesday addressing an […]

This year, the old guard of cryptocurrencies lost ground to tokens with greater returns. Researchers predict the trend may continue. Among the three largest digital tokens by market value, Binance Coin, or BNB, significantly outperformed its two larger rivals Bitcoin and Ether. The coin — issued by crypto exchange Binance Holdings Ltd. — gained roughly […]

There can be no doubt it's been a huge year for cryptocurrency and its underlying blockchain technology as an increasing number of banks consider how to get involved — and whether it's wise to do so. But decentralized finance (DeFi) and its underlying technology can't be ignored. Following the money, Bank Automation News notes that […]

Figure Technologies Inc., the startup co-founded by Mike Cagney, created a platform to help private companies raise and trade equity using its blockchain technology. Figure Equity Solutions has already helped manage, raise and trade more than $4.7 billion in equity, the company said Wednesday in a statement. The business has done two secondaries now with […]