Canada

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

“The Beautiful Poetry” of Bitcoin: Economist Saifedean Ammous Speaks in Toronto

The Bitcoin Standard author Saifedean Ammous brought his book tour to Toronto yesterday, where he spoke in a light-filled penthouse workspace on key ideas from the book to a sold out crowd. Ammous is an assistant professor of economics at Adnan Kassar School of Business in… Read More

Energy Authority: Hydro Quebec Can Charge Crypto Mining Firms Double Until Regulations in Place

The Province of Quebec’s energy regulator, Régie de l’énergie will continue to allow Hydro Quebec to charge cryptocurrency mining companies double the standard electricity rate until the province finalizes how to regulate the new industry, The Montreal Gazette reports. Hearings to regulate the new sector are scheduled… Read More

Plexcoin: Alleged ICO Fraudster Forced to Surrender $3.7M in Bitcoin in Quebec Courtroom

A man accused of using a digital token offering to defraud investors had his computers brought before him in a Quebec courtroom earlier this month and was forced by the presiding judge to hand over 420 bitcoins, Radio Canada reports. Dominic Lacroix planned his “Plexcoin”… Read More

EOS Block Explorer Launched by EOS Cafe Calgary. Says it is Super Fast

Is EOS the hottest thing in crypto since Bitcoin? I don’t know, but EOS creator Block.One raise a ton of money in their ICO and now that they have sufficient traditional money they are executing on their vision of being the next big thing in… Read More

OnDeck Closes on Two Asset Backed Credit Facilities Totaling $100 Million

Online lender OnDeck (NYSE:ONDK), has closed on two asset backed credit facilities totaling nearly $100 million. One in the amount of AUD 75 million with Credit Suisse, and another for CAD 50 million with Crédit Agricole, The two facilities will finance loan originations in Australia… Read More

Canada’s Largest Credit Union Coalition Joins Global Blockchain Ecosystem R3

The Large Credit Union Coalition (LCUC), a group comprising the CIOs of the 16 largest credit unions in Canada, announced on Tuesday it has joined enterprise software firm R3’s global blockchain ecosystem. The LCUC reported that it will join R3’s network of more than 200 financial… Read More

Tether Hires Bank of Montreal Executive as Chief Compliance Officer

Tether, a provider of tokenized traditional fiat currencies, has selected former AML Quality Control Manager at the Bank of Montreal, Leonardo Real, as their Chief Compliance Officer (CCO). Launched in 2014, Tether claims to be the first blockchain-enabled platform to allow traditional currencies to be… Read More

ZED Network Looks to Provide Blockchain Based Money Transfer Service to Global MTOs

A couple of months back during the Crypto Invest Summit in Los Angeles at a private dinner, I happened to find myself sitting next to Alan Safahi, CEO and founder of ZED Network based in Canada. I was intrigued about his blockchain based company and… Read More

Ontario Securities Commission “Doesn’t Really Know What’s Going On” in Blockchain Fintech, Says Lawyer

The Ontario Securities Commission (OSC) published its 2018-2019 “Statement of Priorities” June 5th, but the document provides zero helpful guidance to Ontario companies trying to engage with cutting-edge blockchain-based financial technologies, says Toronto-based blockchain lawyer Amy ter Haar. The “OSC…Statement of Priorities for the Financial… Read More

Canadian Fintech Citrusexchange Launches Supply Chain & Invoice Financing Blockchain Platform “Kwikxchange”

On Monday, Canadian fintech startup Citrusxchange Inc. announced it has launched its blockchain based supply chain and invoice financing platform, Kwikxchange.  The company reported its platform caters to small and medium enterprises seeking supply chain financing and invoice financing. The platform was also developed under… Read More

Joint Chiefs of Global Tax Enforcement (J5) to Fight Against International Tax Crime and Money Laundering Including Cryptocurrency

The Joint Chiefs of Global Tax Enforcement, or the “J5”, is a group of nations dedicated to fighting against tax crime and money laundering. Participants in the J5 include the Australian Criminal Intelligence Commission (ACIC) and Australian Taxation Office (ATO), the Canada Revenue Agency (CRA),… Read More

Canadian Fintech Flinks Secures $1.5 Million Through Seed Funding Round Led By National Bank of Canada & Luge Capital

Flinks, a Canadian fintech that provides banks and other fintechs with a data gateway platform that enables digital onboarding, risk modeling, and insights, announced earlier this week it secured $1.75 million through its latest seed funding round. The company reported that its partners now include National… Read More

Ontario Securities Commission Statement of Priorities includes Working with Fintech to Support innovation

The Ontario Securities Commission (OSC) has published its 2018-2019 “Statement of Priorities.” This document sets out the priorities for the regulator during the fiscal year along with preferred outcomes. Along with the expected statements of investor protection and compliance / enforcement, the OSC says it intends… Read More