Canada

Assets of Deceased Alpha Bay Dark Net Market Founder Forfeited in California Court

All the known assets of Alexandre Cazes, a 34-year-old Quebcois accused of running the AlphaBay Marketplace, were forfeited in a default judgement by the US government in a California courtroom September 6th after no one appeared to contest the forfeiture, court documents indicate. The assets,… Read More

Perspective: Equity Crowdfunding Isn’t Your Only Option

Sugru is a good product. The moldable glue is pliable and somewhat resembles modeling clay, although it cures to a rubber-like texture. It adheres well to glass, leather, metals, and even plywood. In 2010, Time Magazine dubbed it one of the 50 best inventions of the year,… Read More

Town of Midland, Ontario Forced to Pay Bitcoin in Ransomware Attack

A small town about 2 hours north of Toronto is being forced to pay bitcoins to have access to its computer systems restored by hackers, the Midland Newsroom reports. “In the early hours of Saturday, September 1, the Town of Midland became the victim of… Read More

Bitcoin Mutual Fund Now Available in Canada

A bitcoin mutual fund, “the first investment product of its kind in Canada and the only open-ended Bitcoin fund approved by the Canadian regulators,” is now available to accredited investors in Canada. The First Block Capital Bitcoin Trust (FBCBT) is the product of a partnership between NEO… Read More

Publicly Traded Atlas Blockchain Comments on Trading Activity

Atlas Blockchain Group, formerly known as “Atlas Cloud Enterprises” (CSE:AKE) (FRANKFURT:A49) (OTCQB:ATLEF), has issued a statement regarding recent trading activity of its shares on the OTCQB. Atlas is an IT service provider that wants to become the lowest cost producer in the blockchain and digital currency… Read More

Vancouver Judge Orders Man Who Claims He Lost Employer’s Crypto to Turn Over “Dead” Computer, Does Not Freeze Assets

A judge in Vancouver, BC has ordered Jason Bradley Arnold, a former COO at the Shair.com marketing firm, to hand over his purportedly “dead” laptop as well as access to his digital currency wallets. Judge Ronald Skoolrod, however, refused to order “a Mareva injunction” in… Read More

Redditors Claim Sudden LayOffs and Security Crackdown at Kraken Crypto Exchange’s Halifax Branch

An employees at an Halifax outlet of the Kraken crypto exchange few knew existed has claimed on reddit that employees there were suddenly laid off yesterday morning in a high-security atmosphere. The thread was started by “throwaway34034324”: Redditor “MysteriousPlankton” confirmed within hours that Kraken had gathered… Read More

Flexiti Receives $80 Million Mezzanine Debt Facility From Credit Suisse Asset Management

Canada-based point-of-sale financing and payment tech provider Flexiti announced on Thursday it has received an $80 million mezzanine debt facility from Credit Suisse Asset Management. This news comes just a few months after Flexiti acquired TD Financing Services’ (TDFS), a Canadian private label credit card portfolio. … Read More

Gotta Dash! New Partnerships with Coincards.ca, SugarTrends, Bit2Me & Introducing New DIP-5 Blockchain Users

During the past week, Dash, a digital currency for payments and e-commerce, announced an integration with CoinCards.ca, Germany-based SugarTrends, Spain-based Bit2Me and a new DIP. Canadian-based Coincards.ca, one of the few retail gift card companies specializing in cryptocurrency as a form of payment, company allows customers to… Read More

Canadian Crypto Exchange Coinsquare Announces European Expansion Plans

Just a little over a month after announcing its expansion plans into Japan with DLTA 21 Blockchain Corp., a Canadian blockchain investment bank, Canadian cryptocurrency Coinsquare announced its upcoming European expansion efforts, which is set for fourth quarter 2018. According to Coinsquare, European customers will have… Read More

Kin Gets Approved by Apple iOS App Store for Crypto Earning App

Kin, a cryptocurrency powered ecosystem that wants to help brands better connect with their customers, has received approval from Apple to launch their iOS app on the app store. Kinit, as it is called, was released on Google Play for Android last month and Kin… Read More

V Stock Transfer Partners with Polymath on Security Token Transfers & Registry

Polymath, the a securities token platform, and V Stock Transfer, a stock transfer and registrar firm, have jointly announced a new collaboration that should enable Polymath to integrate with the V Stock platform thus facilitating transfer and registration of security tokens. Security tokens are effectively… Read More

American Insurance Firm Travelers Acquires Major Stake in Canadian Insurtech Zensurance

Travelers, a U.S.-based insurance firm, has reportedly acquired a major stake in Canadian insurtech startup Zensurance. Founded in 2016, Zensurance claims it is leading the technology revolution in the insurance industry. The company, which uses data and analytics to identify most common risks, is able to… Read More

Playboy Sueing Canadian Crypto Company for Breach of Contract

Playboy Enterprises, the company that publishes the famous nude magazine, is suing a Vancouver-based crypto tech and investment company for fraud and breach of contract, The Los Angeles Times reports. Playboy claims that Global Blockchain Technologies (GBT) has failed to follow through on an agreement to,… Read More

RegTech Platform iComply Announces Public Beta to Delivery Security Token Platforms & Exchanges Legitimacy

On Thursday, regtech company iComply Investor Services announced it is launching its public beta following the closure of a seven-figure seed round that was covered by Coindesk earlier this week. The company reported that its software combines KYC, AML, blockchain forensics, source of funds reporting, secondary trade… Read More

Digital Assets: Canada based Blockstation to Power Jamaica Stock Exchange to Trade Crypto

Toronto based Blockstation has signed an agreement with the Jamaica Stock Exchange (JSE) to provide digital currency and token trading including settlement, trading and more. Blockstation is a company that provides existing stock exchanges to transition to a blockchain based transactions. Initially known as the… Read More

Canadian Fintech Progressa Secures $84 Million Through Latest Equity Funding Round Led By Canaccord Genuity & Gravitas

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

Canadian Securities Exchange Updates on Blockchain based Security Transactions

At the beginning of the year, the Canadian Securities Exchange (CSE) announced its intent to enable blockchain based clearing and settlement. Blockchain, or distributed ledger technology (DLT) has been predicted to provide a growing number of services within the securities industry. In a blog post,… Read More

Hydro Quebec Prefers Blue Chip Blockchains to Crypto Mining

Hydro Quebec is more interested in supporting blockchain activities by blue chip companies in the province than it is in rolling out a red carpet for crypto miners, La Presse reports. Internal documents obtained in a freedom of information request show that Hydro Quebec is waiting… Read More

P2P Lender FintruX Network Leverages Tokenized Lending, Adds Long-time Banker Bob Rinaldi to Board of Directors

Singapore based FintruX Network, “a global P2P lending ecosystem,” has added Bob Rinaldi to its Board of Directors. Rinaldi is a long time banker and entrepreneur.  According to FIntruX, Rinaldi has served as the CEO of CI Finance, a national equipment finance company, and as a Director… Read More

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