Canada

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

May 1, 2019 @ 9:53 am By Cali Haan  |  

The Régie de l’énergie (Hydro Quebec) has announced the criteria it will use to allocate an additional 300 MW of electricity to “blockchain” companies operating in the region. During the crypto boom of 2017, a large number of cryptocurrency mining companies flocked to Canada’s frigid… Read More

April 28, 2019 @ 9:17 am By Cali Haan  |  

The Chief Technology Officer (CTO) at famed hedge funder Michael Novogratz’s cryptocurrency merchant bank, Galaxy Digital (TSXV:GLXY), has left the building after about 1 year in the position, Coindesk reports. Mike McMahon reportedly told the outlet, “I have already left Galaxy Digital and looking for… Read More

April 25, 2019 @ 7:55 am By Samantha Hurst  |  

FrontFundr, a Canada-based online investing platform, announced on Wednesday it has appointed David R. Beatty C.M., O.B.E., F.ICD, CFA the Chairman of the Board of Directors. According to the funding portal, Beatty was on the board of the Bank of Montreal (BMO Financial Group) for… Read More

April 24, 2019 @ 12:00 pm By JD Alois  |  

TrustToken is all in on Stablecoins having just announced four new Stablecoins each backed by fiat currency. TrustToken is launching the following stablecoins: TrueAUD, TrueEUR, TrueCAD, and TrueHKD. As one would expect, these coins represent Australian Dollars, Euros, Canadian dollars and Hong Kong Dollars. TrueAUD… Read More

April 21, 2019 @ 6:59 pm By Cali Haan  |  

Adam O’Brien, a friend and former colleague of deceased QuadrigaCX founder Gerald Cotten, told Canadian media outlet Global News this week that Cotten talked casually about being kidnapped for the vast fortune he controlled: “Gerry was holding, we know, over $100 million, almost $200 million… Read More

April 19, 2019 @ 7:48 am By Cali Haan  |  

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

April 18, 2019 @ 11:33 am By Cali Haan  |  

Sirin Labs, a “blockchain smartphone” company that raised $255 million in two ICOs, has confirmed it is laying off employees, Israeli news outlet Globes reports. Contrary to media reports of larger numbers let go, Sirin Labs says it is only laying off 15 of 60… Read More

April 18, 2019 @ 8:40 am By Samantha Hurst  |  

Lendified, a lending platform for small businesses and a SaaS technology platform providing AI-enabled credit origination and analytics to financial institutions, announced on Wednesday it secured $15 million through its latest funding round with institutional and private investors. The investors include CI Financial Corp., Windsor Private… Read More

April 16, 2019 @ 8:03 am By Samantha Hurst  |  

Financeit, a Canada-based point-of-sale financing provider, announced last week it is expanding into the U.S. and has appointed Steve Olszewski as its U.S. division general manager. Founded in 2011, Financeit describes itself as a market leading point-of-sale payment plan provider, servicing the home improvement, vehicle, and… Read More

April 15, 2019 @ 10:37 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Monday it has signed a definitive arrangement agreement to merge itself with Difference Capital Financial Inc. Mogo reported that under the terms of the Arrangement Agreement, each common share of Mogo will be exchanged for one Difference common… Read More

April 12, 2019 @ 12:27 pm By Cali Haan  |  

In the wake of increasing Chinese state reticence towards a once supported industry, the biggest Chinese crypto mining firms have been steadily expanding or relocating to Canada, the US and Iceland, Chinese crypto news outlet 8BTC reports. But small and mid-size Chinese crypto miners have… Read More

April 9, 2019 @ 12:17 pm By Cali Haan  |  

Canadian cryptocurrency exchange Quadriga CX has been placed in bankruptcy this week, CBC reports. The exchange had been undergoing restructuring following the sudden death of founder Gerald Cotten and the loss of $260 million CAD in exchange funds. Cotten’s wife, Jennifer Robertson, filed for credit protection in… Read More

April 7, 2019 @ 11:31 am By Cali Haan  |  

The price of Bitcoins made a newsworthy jump of 20% last Monday morning, and that gain is still holding, but the lean early months of 2018 saw a second round of layoffs at Hut 8, “Canada’s largest cryptocurrency miner,” CBC reports. Hut 8 runs 85… Read More