Canada

May 30, 2019 @ 4:56 pm By Cali Haan  |  

LiteLink, a publicly-listed Canadian company (CSE:LLT)  that bills itself as ” a leader in logistics, artificial intelligence and digital payment solutions,” has announced that it has been chosen by Deloitte Canada, “…to bring technical experience to key client engagements.” More specifically: “This collaboration has already generated… Read More

May 29, 2019 @ 2:55 pm By Samantha Hurst  |  

Canadian fintech lender PayBright announced on Wednesday it has teamed up with Enstream, an digital identity and device authentication joint venture of Canada’s national mobile network operators,  to advance its client identity verification and authentication capabilities. “PayBright understands the importance of online security and fraud management in… Read More

May 29, 2019 @ 1:08 pm By Samantha Hurst  |  

Cryptocurrency exchange Coinbase announced on Tuesday it is now expanding PayPal support for our customers in Canada. Coinbase reported that its customers in Canada may now instantly transfer sale proceeds directly into their PayPal accounts. “Coinbase is committed to being the most trusted crypto exchange… Read More

May 29, 2019 @ 10:54 am By JD Alois  |  

CrowdEngine, a leading software provider in the online capital formation sector, has formed a new partnership with Polymath to facilitate the issuance of security tokens. CrowdEngine, a white label platform that already supports Reg D, Reg A+ and Reg CF, is now a full stack… Read More

May 26, 2019 @ 9:58 pm By Samantha Hurst  |  

Portag3 Ventures, the venture capital arm of multi-asset class alternative investment platform Sagard Holdings, recently announced it has appointed six new senior advisors. Founded in 2016, Portag3 claims to be an early-stage investor that’s dedicated to backing the new generation of innovative, global financial services… Read More

May 26, 2019 @ 9:44 pm By Samantha Hurst  |  

Canadian fintech Katipult announced last week its 2019 first quarter financial results for the three-month period ended March 31st. The company revealed that the first quarter 2019 is the fifth consecutive quarter of higher subscription revenues and marks its highest recorded subscription revenue and total… Read More

May 26, 2019 @ 5:39 pm By JD Alois  |  

Last month, Canada-based Fintech Blockstation announced a relationship with the Jamaica Stock Exchange (JSE). As part of a pilot program, the Blockstation trading platform is being used by the JSE for listing, trading, clearing, and settlement of digital currencies (BTC and ETH). Security tokens are… Read More

May 23, 2019 @ 10:05 pm By Samantha Hurst  |  

HSBC announced on Wednesday it has opened its Global Data & Innovation Lab in Toronto, citing the city’s interest, investment and development of artificial intelligence (AI) and advanced machine learning. According to HSBC, the 3,376 square foot energy efficient lab will soon employ over 50… Read More

May 22, 2019 @ 8:57 am By Samantha Hurst  |  

KoreConX announced on Wednesday it has appointed Howard Atkinson, the Chairman of the Board of Directors at Canada-based multi-cryptoasset investment round 3iQ, is joining the company’s Board of Directors. According to KoreConX, Atkinson has also been in the financial services industry for over three decades… Read More

May 21, 2019 @ 11:57 am By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial announced on Tuesday it is set to acquire Canadian wealth management technology provider, RPM Technologies for approximately $300 million. Broadridge reported that RPM’s technology platforms support more than 15 million customer accounts. Broadridge revealed: “Building on Broadridge’s strong Canadian Wealth Management business,… Read More

May 21, 2019 @ 9:54 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has receved another emergency court order halting an alleged initial coin offering (ICO) fraud. According to the SEC, a $30 million Ponzi scheme, led by South Florida-based Argyle Coin, and its principal Jose Angel Aman, targeted over 300 US… Read More

May 16, 2019 @ 4:01 pm By Cali Haan  |  

Officials in the city of Sherbrooke, Quebec, think cryptocurrency mining could boost economies in small Quebec cities, The Vancouver Sun reports. Christian Laprise, director of Sherbrooke’s municipal power utility, for example, has been working with companies like Bitfarms to make sure their power-thirsty facilities don’t… Read More

May 15, 2019 @ 9:24 am By Samantha Hurst  |  

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday it secured $42 million through its latest funding round, which was led by Portag3 Ventures, with participation from Greyhound Capital and other strategic investors. Founded in 2014, KOHO stated that… Read More

May 15, 2019 @ 8:09 am By JD Alois  |  

The Securities and Exchange Commission (SEC) and the Ontario Securities Commission (OSC) have jointly taken action against Alex Tapscott and NextBlock Global Limited for misleading investors pertaining to digital asset investments. Both agencies require Tapscott-NextBlock to pay penalties affiliated with the securities offering. According to… Read More

May 14, 2019 @ 1:35 pm By Cali Haan  |  

Trustees from Ernst and Young Inc. (EYI) have submitted a preliminary report assessing the assets remaining at QuadrigaCX, a Canadian cryptocurrency exchange that lost access to an estimated $240 million CAD in exchange funds last winter after the untimely death of CEO and sole Director,… Read More

May 13, 2019 @ 11:48 am By JD Alois  |  

Security token platform Polymath has formed a new partnership with Ethereum and Cardano co-founder Charles Hoskinson to launch a targeted security token blockchain. The news was revealed today during a presentation at Consensus. Polymath Co-Founder Trevor Koverko joined Hoskinson on stage to make the announcement…. Read More

May 4, 2019 @ 2:39 pm By JD Alois  |  

It appears that Canada’s financial services sector is making progress on incorporating blockchain tech for identity verification. SecureKey Technologies is out with a note saying their digital identity network, Verified.Me, is now available for use at TD, Scotiabank, RBC, Desjardins, and CIBC. SecureKey says that… Read More

May 2, 2019 @ 4:26 pm By JD Alois  |  

TrustToken, a stablecoin issuer building a portfolio of fiat backed crypto, has commented on the Bitfinex and Tether news pertaining to the lawsuit filed by the New York Attorney General alleging fraud. TrustToken threw shade at the targets of the lawsuit saying the news did… Read More

May 2, 2019 @ 12:07 pm By JD Alois  |  

Vanbex,  a cryptocurrency and blockchain technology company, has filed a libel suit against a former contract consultant who reportedly worked briefly for the company. The lawsuit is part of an ongoing dispute that was brought into the public forum when an article in the Vancouver… Read More

May 2, 2019 @ 10:48 am By JD Alois  |  

The Central Bank of Canada and Monetary Authority of Singapore (MAS) have jointly announced the successful “experiment” of cross border payments using blockchain or distributed ledger technology (DLT). The two central banks claim this is the first test anywhere of its kind stating it has… Read More