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Digital coin created for Caribbean’s Dominica as island partners with Huobi

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By Shanieka Smith

Staff Writer

 

December 2, 2022 – The Commonwealth of Dominica has partnered with cryptocurrency exchange Huobi, to issue its own national cryptocurrencies, Dominica Coin (DMC), and Digital Identity Documents (DID), already reports indicate a surge for the Huobi token.

This new collaboration with Dominica will bring the Caribbean one step closer to being a global cryptocurrency exchange centre.  Huobi also announced its intention to move headquarters from Seychelles to the Caribbean.

It was explained, “The deal is noteworthy partly because of its connections to crypto billionaire Justin Sun, founder of the Tron blockchain where the Caribbean island’s new token will initially reside.”

Dominica Coin (DMC) and digital identity documents (DID) will be issued by Huobi Prime via the TRON network (a project dedicated to building the infrastructure for a truly decentralized Internet); both will serve as credentials for the future metaverse platform based in Dominica. DIDs can be used for cryptocurrency Know Your Customer verification, applying for loans, and opening bank accounts on the island.

The DMC is not yet ready for launch, but The HT token is up 15% over the last 24 hours to $7.12. It’s up 40% over the past seven days.

As one of the first Caribbean islands to adopt the citizenship-by-investment policy, the Dominican government is seeking to delve into the metaverse and Web3 technology as a means to boost the country’s development.

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Bahamas News

Bahamas as Caribbean top 2024 Spring Destination

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Rashaed Esson

Staff Writer

#Bahamas#Tourism, February 23rd, 2024 – The Bahamas has been categorized as the most popular Caribbean destination for travel in the upcoming spring season by travel insurance company Squaremouth, in a new report. It was the only Caribbean nation to make the list for the top 10 destinations. The report is derived from travel insurance purchases made through Squaremouth.

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Bahamas News

Regional Soldiers head to Jamaica to train for pending Haiti mission

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Rashaed Esson

Staff  Writer

 

#Haiti#KenyaMultinationalForce#CARICOM, February 22nd, 2024 – About 150 Bahamian soldiers are heading to Jamaica within the next one or two weeks for a joint training with Jamaican soldiers, in preparation for the pending Kenya led multinational force mission to Haiti according to Bahamian Defense Chief Commodore, Raymond King, in reports. Soldiers and security forces from Chile and Argentina will also travel to Jamaica for the training.

King informs that Kenya and Haiti are in the process of signing off on an agreement to allow Kenya to lead the force into Haiti, following advice from Kenya’s High Court which recently deemed Kenya’s decision to deploy police officers to the gang run nation as unconstitutional. This agreement includes a formal request for assistance from Haiti, allowing Kenya to legally intervene on the ground.

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Bahamas News

Major plans for The Bahamas announced Davis

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Rashaed Esson

Staff Writer

#Bahamas#Development,February 22nd, 2024 – “Things are changing in The Bahamas,” were the words of Prime Minister Philip Davis as he outlined some of the Government’s plans to improve the nation through a decrease in the cost of living, enhanced security for Bahamians and the expansion of access to opportunities. Davis, who was presenting on February 21st, the Bahamas Mid-Year Review of the fiscal performance for the fiscal year 2023/2024, highlighted a long list of plans for the archipelago.

Here’s the full list stated in Davis’ address :

  • A new energy policy and an expansion of renewable energy, including microgrids, and an emphasis on engaging local Bahamian firms and building local professional capacity; 
  • An expansion of Bahamian ownership in our economy, including support for entrepreneurs, small and medium sized enterprises, and an expansion of affordable housing –with hundreds of families moving into new homes by this summer; 
  • A modern and award-winning specialized tourism product, with new investments across our archipelago, and major visibility and branding campaigns in New York, Florida, and the UK;
  • Progress on redeveloping downtown Nassau, long overdue;
  • New commitments to education, including a Parental Engagement Unit; more teacher training, modernizing the curriculum, classroom enhancements, improving school attendance, and using the Renaissance testing results to design individualized support for students; 
  • An expansion of technical and vocational training, including certification at the high school level;
  • An Empower Grand Bahama micro-grant programme for entrepreneurs; $1.5 billion in investments for Grand Bahama in the pipeline; the Beautiful Grand Bahama programme, in which collaboration has led to safer communities; and Collab Grand Bahama, which fosters partnerships between the government and the private sector to bring change and progress to Grand Bahama;
  • Major upgrades to our health infrastructure;
  • More support for our athletes and sports programmes;
  • We’re on track to pave 65 miles of road in New Providence alone this year;
  • Investments in NIB to improve fairness and efficiency;
  • A National School Breakfast pilot programme, which is already giving thousands of our children breakfast in their primary schools, and is ready to expand;
  • New classes, camps, lessons, and programmes at our Urban Renewal Centres;
  • A Youth Guard to strengthen our capacity during national emergencies, and give more young Bahamians a path forward;
  • A Task Force addressing unregulated shantytowns in New Providence and Abaco, with other islands to follow;
  • The selection and training of new immigration officers;
  • Saturation patrols and new investments and collaboration in crime prevention; 
  • A juvenile detention facility;
  • A cadre of officers trained to recognize and manage psychiatric issues;
  • Stronger partnerships and new patrol vessels to secure our nation’s borders; 
  • Major new investments across our Family Islands, including new airports, and road paving in Andros, Bimini, Cat Island, Abaco, Long Island; Great Harbour Cay, and Crooked Island;
  • The development of our nation’s blue carbon credits strategy; and
  • A major investment in agriculture and national food security.

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