Canada

September 3, 2019 @ 6:30 am By Cali Haan  |  

Scammers in the Canadian city of Winnipeg have been stealing Bitcoins from Bitcoin ATM customers using a simple poster hung near the kiosk. According to the Winnipeg police department: “Posters have been located on or next to Bitcoin ATMs informing users the Bitcoin ATMs are… Read More

August 29, 2019 @ 9:26 pm By Cali Haan  |  

Vanbex principles Lisa Cheng and Kevin Hobbs, chief architect Brian Onn, developer Jeffery Walsh and TD bank have been named in a class action suit filed in the Supreme Court of British Columbia August 26th by two BC residents who say the lost $30 000… Read More

August 27, 2019 @ 6:27 pm By Cali Haan  |  

Two young men from Surrey, a suburb of Vancouver, have been charged with wire fraud, money laundering and aggravated identity theft after allegedly conning an Oregon woman out of bitcoins worth $233,220 USD at current prices. Between October 2017 and August 2018, Karanjit Singh Khatkar,… Read More

August 23, 2019 @ 10:35 pm By Samantha Hurst  |  

iCASH, a Canada-based fintech platform, announced on Thursday after three years of lending operations, it has surpassed $100 million in consumer loans. Launched in 2016, iCASH stated it is focused on helping Canadian consumers “address their cash flow needs” by paying more attention to their… Read More

August 20, 2019 @ 6:38 pm By Cali Haan  |  

A British Columbia Supreme Court judge has upheld an asset seizure from Lisa Cheng and Kevin Hobbs, principles of a “blockchain consultancy” called Vanbex, who, according to the Royal Canadian Mounted Police (RCMP), conducted an allegedly fraudulent $30 million CAD ICO (Etherparty/FUEL), “…by falsely representing corporate… Read More

August 14, 2019 @ 8:27 am By Samantha Hurst  |  

Novacap, a Canada-based private equity firm, announced on Wednesday its portfolio company and payments tech platform Nuvei has acquired payment services SafeCharge International Group Limited for $889  million. According to Novacap, the acquisition creates a global leading payment solutions provider with significant scale, able to… Read More

August 12, 2019 @ 4:07 pm By Samantha Hurst  |  

The Canada Fintech Forum, a fintech event that is being held in Montréal, is set to host its seventh edition of showcasing the global trends of the fintech industry, as well as new applications of technology for the financial industry, and growing FinTech start-ups. “The… Read More

August 9, 2019 @ 6:51 pm By Cali Haan  |  

The Securities Commission in the Canadian province of Nova Scotia has issued an alert warning local investors to be wary of a crypto project/ICO sale called aGiftoken, which is not licensed to sell securities in the region. aGifttoken is now selling a 10-20 million AGT tokens… Read More

August 8, 2019 @ 8:39 am By Samantha Hurst  |  

Royal Bank of Canada (RBC) announced on Wednesday the launch of its new mobile banking experience that is specifically for students. The RBC Mobile Student Edition was notably designed in collaboration with students to enable features that matter most to them. “The Student Edition hones… Read More

August 7, 2019 @ 8:53 am By JD Alois  |  

Kik Interactive has responded to the Security and Exchange Commission’s (SEC) enforcement action alleging the sales of unregistered securities. The legal fisticuffs are being intently followed by the crypto industry and any decision may impact the entire US digital asset industry. Earlier this year, a… Read More

August 2, 2019 @ 1:21 am By JD Alois  |  

In Canada, venture funding for early-stage firms cooled during the first six months of the year. Total amount raised by Canadian firms dipped by 13% in comparison to the same period year prior. The total number of deals declined from 280 in 2018 to 240… Read More

July 31, 2019 @ 6:23 pm By Cali Haan  |  

Lawyers and representatives from auditing firm EY and various other personnel will be paid $1.6 million USD for their work dismantling QuadrigaCX, a Vancouver-based, Nova Scotia-administered crypto exchange that failed in January after the death of its founder in December. According to the CBC, presiding… Read More

July 30, 2019 @ 10:06 am By JD Alois  |  

Polymath Network has been somewhat quiet in the past few months but today the blockchain ecosystem has some news. Polymath has announced the launch of “Poho” a major upgrade to their protocol. According to a release, Polymath’s ST-20 standard is now compliant wit the ERC… Read More

July 29, 2019 @ 11:52 pm By Cali Haan  |  

Mike Novogratz’ ambitious crypto merchant bank venture, Galaxy Digital (TSXV: GLXY; Frankfurt: 7LX) has been licensed by FINRA to underwrite crypto-token offerings, which will lead to the, “expansion of its broker-dealer, Galaxy Digital Advisors LLC,” Galaxy Digital states in a press release July 24th. According to TechCrunch, Galaxy… Read More

July 25, 2019 @ 11:02 pm By Samantha Hurst  |  

Scotiabank announced on Thursday it has formed a partnership with BNP Paribas Cardif, the insurance unit of BNP Paribas, as part of its efforts to bring more customer-centric solutions to its customers in the Pacific Alliance Countries. According to Scotiabank, the partnership involves the development… Read More

July 17, 2019 @ 9:00 pm By Cali Haan  |  

Vanbex, a Vancouver-based “blockchain consultancy” now contending with a formal fraud investigation and civil forfeiture actions, is now contending with a civil lawsuit brought by a former employee. According to Business Vancouver, lawyer Blair Hogg filed documents naming Vanbex Group Group, Inc., Vanbex Labs, Inc…. Read More

July 16, 2019 @ 6:41 pm By Cali Haan  |  

In keeping with its Business Plan 2019-2022, the Canadian Securities Administrators (CSA) may, “adapt the current regulatory framework to address the unique challenges brought by crypto-assets that fall under the CSA jurisdiction.” At present, “There are currently no platforms facilitating…trading of crypto-assets that are regulated as… Read More

July 15, 2019 @ 7:38 am By JD Alois  |  

Demica, a working capital Fintech, has announced an alliance with Bank of Montreal (BMO) to provide supply chain finance solutions for their clients. The partnership with BMO is the first with a bank in North America. BMO is the 8th largest bank, by assets, in… Read More

July 14, 2019 @ 10:11 pm By Samantha Hurst  |  

OnDeck Canada announced last week it has formed a new partnership with Canadian credit union, Coast Capital Savings, to accelerate online lending to Coast Capital small business members. According to OnDeck Canada, Coast Capital Savings small business members may now apply for term loan financing… Read More

July 11, 2019 @ 7:56 am By Samantha Hurst  |  

KoreConX announced on Wednesday the addition of DigiMax as an ecosystem KorePartner. DigiMax is publicly listed on the Canadian Securities Exchange through its parent company, DigiCrypts Blockchain Solutions. According to KoreConX, DigiMax Capital provides corporate advisory services to clients seeking to grow their businesses by… Read More