Canada

July 22, 2021 @ 9:53 pm By Omar Faridi  |  

Provenance is a Cosmos-powered blockchain whose goal is to create a “vibrant” ecosystem of decentralized financial (DeFi) services for a variety of financial institutions such as asset originators, fund managers, servicers, banks, and investors. The Proof of Stake (PoS) blockchain is “distinguished by three elements:… Read More

July 22, 2021 @ 6:05 pm By Tony Zerucha  |  

Mobile payment use has surged during the COVID-19 pandemic, research from eMarketer finds. Total mobile payment use hit one trillion in 2020, with YoY growth of 22.2 percent. Smartphone user penetration hit 44.6 percent, up from 38.3 percent in 2019. Growth in mobile payment users… Read More

July 21, 2021 @ 3:41 pm By Tony Zerucha  |  

Canadian blockchain tech company Helix Applications has completed its acquisition of GlobalBlock Limited. GlobalBlock is now a wholly-owned operating subsidiary. Based in the United Kingdom, GlobalBlock is a digital asset broker offering a personalized telephone broking service, trading platform, and mobile app. It has been… Read More

July 21, 2021 @ 12:04 pm By Omar Faridi  |  

BIGG Digital Assets Inc. (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins, the online digital currency brokerage that “makes it easy for Canadians to buy, sell, and understand cryptocurrency,” and owner of Blockchain Intelligence Group, a developer of blockchain tech search, risk-scoring and data… Read More

July 21, 2021 @ 12:37 am By Omar Faridi  |  

Fintech firm Paysafe has teamed up with Smart Property Systems in North America. The SaaS platform from Smart Property Systems will be plugged into Paysafe’s integrated payments solution in order to “streamline” rent payments for property managers based in the US as well as Canada…. Read More

July 20, 2021 @ 5:24 pm By Tony Zerucha  |  

Canadian VC firm ThreeD Capital, which invests in junior resources and disruptive technologies, has invested $400,000 in DeFi Yield Technologies, developers of a proprietary automated yield engine for decentralized finance that leverages different DeFi protocols and strategies to increase diversification, maximize yield, while minimizing exposure… Read More

July 20, 2021 @ 6:00 am By JD Alois  |  

Coinsquare, a cryptocurrency trading platform, has announced a new CEO.  Former Tradelogiq executive Martin Piszel will succeed Stacey Hoisak who will assume a new role as President and Chief Legal Officer. Piszel will also join the Coinsquare Board of Directors. Based in Toronto, Coinsquare is registered… Read More

July 19, 2021 @ 2:25 pm By Omar Faridi  |  

A new industry report, published by Trulioo, the global identity verification firm, and One World Identity, looks at the “nuances” of digital identity verification. As noted in a release shared with Crowdfund Insider: “In particular, it explores how adopting a consumer-centric and layered approach to… Read More

July 16, 2021 @ 2:51 pm By Omar Faridi  |  

A panel of the Ontario Securities Commission (OSC) confirms that it has approved a settlement agreement with Vantage Global Prime Pty Ltd (VGP) and Vantage International Group Ltd (VIG) for selling contracts for difference (CFDs) to Ontario investors in an improper manner. The settlement agreement… Read More

July 15, 2021 @ 3:03 pm By Tony Zerucha  |  

As consumers begin to emerge from their pandemic cocoons, they better closely manage their spending to avoid falling into a credit crunch, Canadian fintech Borrowell said. The company said the potential surge in “revenge spending” could hurt consumer credit scores if they become overly reliant… Read More

July 12, 2021 @ 7:22 pm By Omar Faridi  |  

The Canadian Imperial Bank of Commerce (CIBC) (TSE: CM), a multinational banking and financial services corporation headquartered in Toronto, Ontario, has entered a multi-year deal to use Microsoft Azure as its main Cloud platform. The partners noted in the announcement that Microsoft Azure should help… Read More

July 10, 2021 @ 11:27 am By Omar Faridi  |  

Toronto-headquartered Clearco — which was previously doing business as Clearbanc — has secured $215 million in growth equity through a round that was recently led by the SoftBank Vision Fund 2. The firm is now focused on its global expansion efforts. Established in 2015, the… Read More

July 7, 2021 @ 5:16 pm By Tony Zerucha  |  

The Securities and Exchange Commission has charged a trader at a Canadian-based asset management firm in an extensive front-running scheme that netted family members close to $4 million. For more than six years Sean Wygovsky allegedly traded in his family members’ accounts at brokerage firms… Read More

July 1, 2021 @ 5:29 pm By Omar Faridi  |  

Real asset fundraising figures have “lagged recently,” with fundraising during the past 4 quarters reaching its lowest levels since “late 2012,” according to a new report from Pitchbook. As noted in the report from Pitchbook, infrastructure has managed to continue attracting considerable funding, meanwhile, the… Read More

July 1, 2021 @ 4:11 pm By Tony Zerucha  |  

Cryptocurrency finance service provider Amber Group has raised $100 million in Series B funding from China Renaissance Group, Tiger Brokers, Tiger Global Management, Arena Holdings, Tru Arrow Partners, A&T Capital, Sky9 Capital, DCM Ventures, Gobi Partners, as well as existing investors Pantera Capital, Coinbase Ventures,… Read More

June 30, 2021 @ 7:54 pm By Tony Zerucha  |  

Crypto app developer and business software provider Epazz Inc. today pledged to release its StreamPay Blockchain Smart Contract app by the fourth quarter.  The app allows companies to monitor supply chains for fraud by using blockchain technology to trace products from their original components through the… Read More

June 30, 2021 @ 7:17 pm By Tony Zerucha  |  

Purpose Investments today launched the HANetf S&P Global Clean Energy Select HANzero UCITS ETF, a European exchange-traded fund incorporating carbon offsetting. The fund, now trading on the London Stock Exchange and the Deutsche Boerse under the ticker ZERO, is available through Purpose’s partnership with HANetf,… Read More

June 30, 2021 @ 5:35 pm By Omar Faridi  |  

Canada- based Caary Capital, a Fintech firm focused on assisting SMEs, has secured $4.1 million through a seed equity round. As noted by the company: “CAARY is a Digital lending and payments platform targeting the SME space including startups. Through our platform and the partnerships… Read More

June 27, 2021 @ 11:42 am By Omar Faridi  |  

Digital asset exchange Binance will reportedly stop offering services in Ontario, Canada after the local government decided to launch a regulatory crackdown on crypto-related businesses. Binance’s management confirmed on Friday (June 25, 2021) that all Ontario-based customers need to close out their active positions by… Read More

June 26, 2021 @ 7:10 am By Omar Faridi  |  

NEM Ventures has expanded its early-stage ecosystem after the launch of Symbol. As mentioned in a release shared with Crowdfund Insider, the NEM Ignite Incubator Program is now preparing promising or high-potential blockchain startups for market entry on Symbol. NEM Ventures, which is the VC… Read More