Canada

December 3, 2019 @ 11:39 am By Samantha Hurst  |  

Koho, a neobank that offers Canadians an alternative to traditional banking, announced this week its Series B funding round, which received $42 million and was led by Portag3 Ventures earlier this year, secured an additional $25 million from Drive Capital and National Bank of Canada. … Read More

November 29, 2019 @ 6:59 pm By Cali Haan  |  

A Quebec-based cryptomining firm that transformed five abandoned industrial facilities in small-town Quebec into 24-7 digital currency factories has run into trouble of late thanks to noise complaints and an executive shake-up, The Canadian Press reports. Many cryptomining ventures that expanded heartily during the crypto… Read More

November 28, 2019 @ 8:43 am By JD Alois  |  

This week, the Ontario Securities Commission (OSC) published a report on how it intends to dramatically reduce the regulatory burden in Canada’s most economically robust province. The report was completed after a 12 month review period and supported by the Ontario Ministry of Finance. Governments… Read More

November 28, 2019 @ 8:02 am By Omar Faridi  |  

The government of Ontario is looking to updating their regulatory policies for capital markets while reducing the regulatory burden. Improvements for both large and small firms are the goal. This includes innovative businesses in Fintech as they will receive: “more flexibility in the OSC’s approach… Read More

November 23, 2019 @ 5:15 pm By Omar Faridi  |  

NEM Ventures, the venture capital and investment division of the NEM blockchain ecosystem, one of the world’s largest cryptocurrency platforms with a market cap of more than $300 million (at time of writing), has reportedly made an investment in Cyclebit, a provider of “simple, affordable… Read More

November 19, 2019 @ 3:00 pm By Omar Faridi  |  

The Bank of Nova Scotia (Scotiabank), the third-largest bank in Canada in terms of market capitalization and deposits, is introducing a new program that will give the institution’s senior workers an opportunity to understand the ethical principles and guidelines involved in using artificial intelligence (AI)-based… Read More

November 16, 2019 @ 8:52 am By Cali Haan  |  

Walmart Canada (NYSE:WMT) and DLT Labs have announced the launch of the, “world’s largest full production blockchain solution for industrial application.” The system is a “blockchain-based” (or distributed ledger technology) freight and payment network that, “establishes state-of-the-art collaboration and information sharing with 70 third-party trucking companies… Read More

November 15, 2019 @ 9:01 am By Omar Faridi  |  

Montreal-based Stradigi AI, a firm focused on developing artificial intelligence (AI)-powered solutions, revealed on November 12 that it had raised $53 million CAD (appr. $40.3 million) via a Series A investment round. The capital raised will be used to support the firm’s expansion into North… Read More

November 12, 2019 @ 9:31 pm By Cali Haan  |  

A spokesperson for the Royal Bank of Canada (RBC) has confirmed that the top 5 Canadian bank has filed patents for crypto trading platform technology. The spokesperson would not confirm plans to launch, however. “(L)ike many other organizations,” Jean Francois Thibault told The Logic Monday, “(RBC) files patent… Read More

November 12, 2019 @ 2:32 pm By JD Alois  |  

The Monetary Authority of Singapore (MAS), the leading financial regulator and central bank of Singapore, has announced renewed cooperation on Fintech with Canadian Securities Regulators while simultaneously announcing a tighter relationship with the Banque de France. The announcements were released during Singapore’s annual Fintech Week… Read More

November 9, 2019 @ 10:11 am By Cali Haan  |  

The US Department of Homeland Security (DHS) has granted Toronto-based Mavennet Systems $182,700 USD to modify its oil and gas industry blockchain so it can be used by US Customs Border Protection (CBP) to cross-border oil imports. Once adapted, the tech will be used in… Read More

November 8, 2019 @ 11:21 am By Omar Faridi  |  

Montréal, Quebec-based Mylo, a Fintech firm launched with the social mission to help people achieve their financial goals, has acquired $10 million in financing for its app that lets users automate their saving and investors. Mylo’s Series A investment round was led by Canadian National… Read More

November 7, 2019 @ 12:16 am By Cali Haan  |  

Another Vancouver-based cryptocurrency exchange, ezBTC, is being investigated by the BC Securities Commission (BCSC) after the regulator received complaints from customers claiming they cannot access funds stored on the platform, The Tyee reports. The investigation was confirmed in an exclusive statement from the BCSC to… Read More

November 6, 2019 @ 12:30 am By Cali Haan  |  

A ransomware attack that disabled government communications systems in the northern Canadian territory of Nunavut November 2nd is part of a pattern of attacks being launched against non-US targets, cybersecurity firm Emsisoft claims. The company says ransomware attacks are increasingly being directed at municipalities, hospitals and… Read More

November 5, 2019 @ 9:28 pm By Cali Haan  |  

Another Canadian cryptocurrency exchange has folded with customer money outstanding. According to an affidavit filed at the BC Supreme Court by Sammy Wu, Lead Investigator (Enforcement) at the British Columbia Securities Commission (BCSC), the Einstein Exchange in Vancouver has gone offline, its offices are locked and its… Read More

November 3, 2019 @ 6:26 pm By Omar Faridi  |  

The National Bank of Canada, the sixth-largest commercial bank in Canada with around 2.4 million clients, is launching a project that aims to bring together local startups, students and developers throughout the country. Those who participate in the Innovation Competition will have to develop various… Read More

November 3, 2019 @ 5:54 pm By Cali Haan  |  

A Canadian living in the Burj Khalifa, Dubai’s most famous luxury building, has been arrested for serial fraud, including cryptocurrency fraud, and is now sitting in a cell at the Al Awir jail, Gulf News reports. Aziz ‘Com’ Mirza and his two brothers allegedly used online… Read More

October 30, 2019 @ 6:13 pm By JD Alois  |  

3iQ Corp. (3iQ), a Canadian investment fund manager, has received a favorable ruling regarding “The Bitcoin Fund” from the Ontario Securities Commission (OSC), according to a company release. Reportedly, 3iQ will issue a final prospectus for a closed-end Bitcoin fund which will be listed on… Read More

October 29, 2019 @ 10:16 pm By Cali Haan  |  

Canadian credit union Coast Capital Savings is partnering with North Carolina firm nCino to “optimize” its lending operations using nCino’s cloud-based Bank Operating System platform. The system will be applied as a, “solution for online Retail and Small Business loan applications. The relevant press release… Read More

October 24, 2019 @ 9:55 pm By Cali Haan  |  

The Ontario Securities Commission (OSC) has agreed to allow TokenGX Inc, operator of token-issuance platform TokenFunder, to pilot a secondary market trading system for Ontario residents only. The pilot can proceed for 12 months after the first issuance of an ITO (initial token offering) or… Read More