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Digital finance leaders form stablecoin association

Bermuda Broadcasting Newsdesk
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Digital finance leaders form stablecoin association

Meetings explored Bermuda’s positioning in institutional digital investment markets

Pictured from left to right:  Colin Cunningham, Head of Tokenization and Alliances, Chainlink Labs; Pierre-Alain Krohn, Chief Compliance Officer, Bitcoin Suisse; Premier the Hon. E. David Burt, JP, MP; Evgeny Plaksen, Head of Growth, NEAR Foundation; Kerem Kolcuoglu, Managing Partner, Penrose Partners

The Government of Bermuda hosted international digital finance leaders in Bermuda for meetings on Wednesday, August 6th, including a Digital Finance Roundtable led by the Ministry of Finance and the inaugural meeting of the Bermuda Stablecoin Association (BSA) hosted by Apex Group and Penrose Partners. Both engagements reinforced Bermuda’s position as a leader in regulated digital assets and stablecoin innovation, through continued collaboration between the Government, BMA, and industry stakeholders to align on the future of digital finance in Bermuda.

The Ministry of Finance hosted a Digital Finance Roundtable at the Cabinet Office, with stakeholders from the Bermuda Monetary Authority, several global digital asset leaders, and representatives from the local banking industry.

The Ministry outlined Bermuda’s long-standing commitment to digital finance, dating back to the introduction of the Digital Asset Business Act (DABA) in 2018, and shared its vision to drive national digital finance adoption in a way that benefits residents, businesses, and government operations. Participants were invited to provide input on strategic priorities, including Bermuda’s positioning in institutional digital investment markets as well as local challenges around payments and banking.

Later that day, the Bermuda Stablecoin Association meeting, facilitated by Apex Group and Penrose Partners, brought together founding participants, including leading global digital asset firms operating in Bermuda. The session marked the formal launch of the association, with participants agreeing on its role as a collaborative, industry-led forum to support the adoption and institutional standard setting of stablecoins. Early working group tracks were proposed to focus on compliance, technical standards, policy engagement, and public education.

Premier the Hon. E. David Burt, JP, MP introducing Bermuda Stablecoin Association Founder and Apex Group CEO, Peter Hughes

Premier, the Hon. David Burt, JP, MP and Minister of Finance, stated, “As we continue building on the success of the Digital Finance Forum held earlier this year, the Digital Finance Roundtable discussions further strengthen Bermuda’s position at the forefront of digital finance and innovation. This collaboration is key to ensuring that Bermudian vendors and businesses gain access to the digital economy, empowering them to operate seamlessly within global digital markets. Our ongoing efforts are preparing Bermuda to thrive in the 21st century by embracing the opportunities that digital finance offers, enhancing our global competitiveness and ensuring prosperity for future generations.”

Peter Hughes, Founder and CEO of Apex Group, added, “Bermuda is a global leader in digital finance because of our unique collaborative spirit. These meetings with the Government, the BMA, and industry leaders are critical to shaping an ecosystem that promotes responsible innovation.” He continued, “The launch of the Bermuda Stablecoin Association is a testament to this shared vision, creating a forum where we can work together to set the standards for the future of regulated stablecoins and ensure Bermuda continues to thrive as a hub for institutional-grade digital finance.”

Kerem Kolcuoglu, Founder and Managing Partner of Penrose Partners, noted, “We are grateful to have the opportunity to support both public and private sector initiatives in their efforts to collaborate and make Bermuda a global hub for digital finance. This collaboration historically has resulted in great success for Bermuda’s international business market and local economy. We hope that digital finance can enable Bermuda to compete for international business at the global stage for the decades to come.”

Both meetings affirmed Bermuda’s commitment to responsible innovation and collaborative governance. The Ministry will continue to work closely with the private sector and regulators to advance its digital finance agenda and position Bermuda as a globally recognized hub for regulated digital assets.

Two vehicle collision on Middle Road, Warwick

Jasmine Patterson
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Two vehicle collision on Middle Road, Warwick

Police said traffic diversions are in place while the scene is being processed

One motorcyclist has been injured in a collision with a motorcar at the junction of Middle Road and Camp Hill in Warwick this morning.

A police spokesperson said it happened shortly before 8am Saturday.

They said, “Details remain limited at this time.

“However, the male rider sustained injuries serious enough to warrant the attendance of the Traffic Collision Investigators, who are currently processing the scene.”

Motorists are being advised to take alternative routes by using South Road, where possible.

Diversions are currently in place at Kyber Pass and Camp Hill Road, Warwick.

Live cricket on its way from Lord’s

Bermuda Broadcasting Newsdesk
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Live cricket on its way from Lord’s

Bermuda Broadcasting’s pre-match coverage of the Eastern Counties will start at 8.30am today

Ready to roll: The venue for today’s second round match     Photo: Ra’ees Tankard

The scene is set for today’s Eastern Counties clash between Cleveland County and Bailey’s Bay at Lord’s.
Bermuda Broadcasting will be live here online, on ZFB TV7 and Power 95 radio.
Our pre-show, hosted by Ian Rawlins, will start at 8.30am and – weather permitting – live match coverage begins at 10am. 

Bermuda to showcase artistic talent in Barbados

Bermuda Broadcasting Newsdesk
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Bermuda to showcase artistic talent in Barbados

Bermuda is set to make a vibrant mark at the Caribbean’s premier arts and culture festival, CARIFESTA XV, taking place in Barbados from 22 – 31 August 2025. The Department of Culture, will be taking an 18-strong delegation as well as the work of Bermudian creatives to represent the island across multiple disciplines, including dance, music, visual arts, film, and thought leadership. The contingent will feature the island’s iconic Bermuda Gombeys, a diverse line-up of vocalists, and a curated selection of visual artworks in the festival’s virtual gallery display. Additionally, Bermudian fashions will be worn during the Opening Ceremonies and performances, while Bermuda will also contribute to the festival’s symposium series via a virtual presentation.

Minister of Tourism & Transport, Culture & Sport, the Hon. Owen Darrell, JP, MP, welcomed the opportunity for Bermuda’s creatives to shine on an international stage, saying: “CARIFESTA is an extraordinary platform for showcasing the rich cultural heritage and contemporary creativity of our island. From the rhythm of the Gombeys to the originality of our musicians and artists, this event allows Bermuda to connect with our Caribbean neighbours while sharing our unique story with the world.”

The Bermuda Gombey Council has selected a national Gombey representation comprising members from multiple troupes, including Gerkimo Gardner, Zane Hendrickson, Zaniko Hendrickson, Showande Butterfield, Bilal Binns, Earshun DeShields, Willis Steede, Jordan Lambe, Kahni Place, Chaziah Brown, Rieko Trott, and Harley Place. Vocalists Fire Wayne, Aalai Wolffe, Joy T. Barnum, and Kyra-Jaye Harvey will bring original Bermudian music to the festival. The virtual gallery, curated with the assistance of Bermuda Society of Arts Director Nzingha Ming, will feature works by Dion “The Creative” Greene, Dr. Edwin Smith, Kyle E. Simmons, Jayde Gibbons, Shanna Hollis, Antoine Hunt, Ian Tucker, Signe Constable, and Gherdai Hassell. Bermudians Gherdai Hassell and Tiara Webbe have been invited from CARIFESTA organisers directly to participate in the visual arts and literary arts sections, respectively.

Bermuda’s visual representation will be complemented by the fashion brand Holidae (formerly Bermunitees), designed by Shannon Philpott, whose designs will be worn by the delegation during the Opening Ceremonies and by Gombey drummers during performances. In addition, Bermuda will be present in the festival’s film segment, with final details to be announced. The island’s participation highlights the Government’s commitment to cultural exchange, creative excellence, and the celebration of Caribbean unity through the arts.

For more information on this year’s delegation, go to https://culture.bm/carifesta-xv-2025-barbados/.

Dockworkers vote to lift overtime ban

Gary Foster Skelton
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Dockworkers vote to lift overtime ban

Source tells BBC that union members flipped the ban by one vote in a secret ballot

Unionised dockworkers have voted to lift the overtime ban that was implemented in June.

A source told Bermuda Broadcasting that the vote was held in a secret ballot, with only one vote making the difference.

The original vote in June, unlike the original vote was a hand count, with 24 out of 33 unionised workers present. At that time, 21 voted in favour of the ban – about 64% of unionised dockworkers.

A number of anonymous dockworkers previously reached out to Bermuda Broadcasting, and claimed that the original voting process was flawed and intimidating.

The overtime ban was implemented in an effort to have Chris Furbert Jr, son of BIU President Chris Furbert, reinstated at Hamilton Docks.

Mr Furbert Jr was fired in February 2020 following a verbal exchange with former Stevedoring boss Warren Jones.

In November last year, an Employment Tribunal ruled that the dismissal was unfair, because SSL had not followed its own grievance procedures. However, the Tribunal did not order his reinstatement and reduced the potential dollar compensation, citing that the former employee had contributed to his dismissal.

Both the union and SSL are appealing the Tribunal’s decision. The union wants Mr Furbert Jr reinstated, while SSL wants the compensation reduced.

The Port Workers Division of the BIU implemented an overtime ban in June, citing that Article 30 of the Collective Bargaining Agreement requires the employee’s reinstatement if their dismissal is found to be “unjustified”.

At a Bermuda Industrial Union press conference this week, President Chris Furbert and Port Workers Division President Dawud Tucker asked for the public’s support in their efforts to have the worker reinstated.

However, the Port Workers today voted for the ban to be lifted.

It should also be noted that the CBA article in question, Article 30 of the Collective Bargaining Agreement, applies to the “unjustified dismissal or suspension of an Employee who is subsequently reinstated…”

After this week’s press conference, we reached out to the BIU question whether this section of the CBA is inapplicable, given the Tribunal ruled against the reinstatement.

We await a response from the BIU.

Bermuda Tonight – 15 August 2025

Bermuda Broadcasting Newsdesk
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Bermuda Tonight – 15 August 2025

Bermuda Evening News at 7pm.

Governor vows crackdown after Court Street murders

Bermuda Broadcasting Newsdesk
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Governor vows crackdown after Court Street murders

Calls attack ‘brazen and calculated’ and pledges joint action with Government and police to tackle gun violence

Press release from Government House:

The Governor extends his condolences to the families of Nakai Robinson (18) and Natrae Eversley (23). The killing of these young men on Court Street is not just a personal tragedy for those families, but a moment for Government House, the Government of Bermuda, the Bermuda Police Service and the entire community to consider what led to this incident and what more can be done individually, and collectively, to stop the cycle of gun crime.

I visited Court Street in the aftermath of the shooting to meet the members of the Bermuda Police Service who responded to the incident. I also spoke to the officers responsible for investigating this horrific crime. All those officers acted with complete professionalism in difficult circumstances, and I thank them, as well as the other first responders, for their actions.

I was struck, as others have been, by the brazen, callous and calculated nature of the attack in the heart of our capital. We were fortunate, given the location and manner of the shooting, that even more people were not injured or killed. Such attacks in public are inevitably indiscriminate and I strongly reject the view, held by some, that they only impact certain parts of the community. Gun violence, and those bent on using it, affects us all. It disturbs the peace of the whole Island, the spirit of those that live here, and community cohesion. These incidents are shocking, and we should be shocked. We cannot let ourselves be numb to this unacceptable use of violence. The number of individuals who feel empowered to use firearms is small. But the ripples that this minority of individuals creates on the lived experience of many Bermudians is significant.

Government House, in partnership with the Government of Bermuda, is committed to working with the Commissioner of Police and his team to identify and implement measures to help bring those responsible for this horrific crime to justice. We are meeting regularly and those discussions are not about continuing business as usual. They are about challenging ourselves to identify what further measures can be taken to break the cycle of violence.

I have also spoken to the Premier and the Minister of National Security who have emphasised that the Government of Bermuda is fully committed to providing the police with the resources it needs. The Premier and I have agreed to convene a Governor’s Council on the issue of gun violence.

There already exists a very well-considered 2024 National Violence Reduction Strategy to address serious violence in Bermuda. The Strategy provides a road map for change. Some measures will, as in any jurisdiction, take time to implement. But there are also shorter-term measures that can be explored and implemented.

Government House, the Government of Bermuda and the Bermuda Police Service are committed to pursuing, within our respective responsibilities, the following measures:
1. Increasing the pace of recruitment of new BPS officers to increase the overall numbers of officers to police our community;
2. Identifying and acquiring new technology or techniques to assist the BPS in the investigation of firearms incidents;
3. Identifying any resources, equipment, or training that could be deployed from the UK or elsewhere to support the BPS in tackling firearms incidents.

These measures are not an exhaustive list of measures being considered, but an indication of the shared will to tackle gun violence head on.

I would urge everyone who has information about the recent murders, or any other firearms incident, to share that with the police on 717-2345 or 295-0011, or Crime Stoppers Bermuda on 800-8477.

It is important that we all do what we can to make our community safer.

One killed, several injured after train derails in Denmark

Bermuda Broadcasting Newsdesk
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One killed, several injured after train derails in Denmark

Pictures from the scene showed that a carriage had been torn from the train and was lying on the side

International News via Reuters:

One person was killed and several people were injured when a train hit a vehicle and derailed in southern Denmark on Friday, Danish police said.

Pictures from the scene showed that a carriage had been torn from the train and was lying on the side, Danish TV2 reported.

Police said that of the 95 people on board the train, one was killed, and several were injured, of whom two were carried away by helicopter, the police of Southern Jutland region of Denmark said in a press release.

The incident happened when the train hit a vehicle at a road crossing, national rail system operator Banedanmark said on X.

Denmark’s national railway operator, state-owned DSB, separately said it had halted all journeys between the towns of Kliplev and Tinglev near Denmark’s border with Germany.

Reporting by Jacob Gronholt-Pedersen, Nerijus Adomaitis and Anna Ringstrom, editing by Terje Solsvik, William Maclean

Revamped Sandy’s Dock a ‘boost of community spirit’

Alisa Bernardo
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Revamped Sandy’s Dock a ‘boost of community spirit’

Area MP and residents hail transformation of historic swim spot

Sandy’s Dock on North Shore Road has received a major facelift as part of a multi-thousand-dollar upgrade.

Unveiling the completed works today, Minister of Public Works and Environment Jache Adams says the project is an investment in the community.

According to Minister Adams, the upgrades came in at just under $80,000 dollars.

Pembroke East MP, Minister Owen Darrell, says the public dock, which became somewhat of an eyesore, was one of the top concerns raised by residents when he was elected.

He says seeing the transformation has exceeded his expectations.

Meanwhile, residents told us the dock holds special meaning for many in the area, especially those who learned to swim there as children.

The Progressive Labour Party is inviting the Pembroke East community to a summer party on Sunday at Sandy’s Dock from 2 pm to 5 pm to celebrate the revamped space.

World Economic Forum finds no evidence of wrongdoing by founder Schwab

Bermuda Broadcasting Newsdesk
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World Economic Forum finds no evidence of wrongdoing by founder Schwab

The World Economic Forum had launched an investigation in April into Schwab following a whistleblower letter

International News via Reuters:

The World Economic Forum on Friday said its board had completed an investigation into allegations against WEF founder Klaus Schwab and found that “there is no evidence of material wrongdoing” by him.

The World Economic Forum had launched an investigation in April into Schwab following a whistleblower letter alleging misconduct by him. The announcement of the investigation came after Schwab said he was resigning as chairman in April, without stating a reason.

The Geneva-based organisation also said it has appointed BlackRock CEO Larry Fink and Roche Holding’s Vice-Chair André Hoffmann as interim co-chairs of its board.

Reporting by Mrinmay Dey in Bengaluru. Editing by Jane Merriman

Friday Sports Round-Up

Julie Matthews-Borchardt
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Friday Sports Round-Up

Round the Island boat race and Eastern Counties this weekend

In football it was a professional debut to remember, for 16-year-old Bermudian Kalen Brunson. Meantime, in Cricket all eyes will be on St David’s for Saturday’s Eastern County showdown and Bermuda’s Powerboat Racers are set to make waves “Round the Island” this Sunday.

Nearly 200 people killed in heavy rain, floods in Pakistan

Bermuda Broadcasting Newsdesk
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Nearly 200 people killed in heavy rain, floods in Pakistan

Cloud bursts, flash floods, lightning strikes and building collapses amid heavy rain caused fatalities

International News via Reuters:

Nearly 200 people were killed in torrential rains in northwest Pakistan over the past 24 hours, with bad weather also bringing down a rescue helicopter, local officials said on Friday.

Cloud bursts, flash floods, lightning strikes and building collapses amid heavy rain caused fatalities in the hills and mountains of Khyber Pakhtunkhwa province, they said.

The National Disaster Management Authority, a government body, put the death toll at 194 late on Friday.

Worst hit was the Buner area, where floods and heavy rain caused 100 deaths, the provincial Chief Secretary, Shahab Ali Shah, told Reuters.

A helicopter carrying relief supplies to those hit by flooding in Bajaur, close to the Afghan border, crashed due to the bad weather, killing the five crew members.

In the district of Swat, more than 2,000 people were moved to safer ground, after rivers and streams swelled, rescue officials said.

Prime Minister Shahbaz Sharif chaired an emergency meeting to review the flood situation caused by the recent rains, a statement from his office said.

Hundreds of others have been killed in recent weeks as Pakistan experienced more rain than usual during the current monsoon season, washing away roads and buildings.

Reporting by Pakistan bureau, writing by Shilpa Jamkhandikar and Saeed Shah; editing by Mark Heinrich and Susan Fenton

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