Canada

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

April 5, 2019 @ 11:35 am By JD Alois  |  

Vanbex, a blockchain based firm based in Vancouver, has posted a statement defending itself regarding allegations made by the British Columbia Director of Civil Forfeiture and covered in the media. The original report, covered by the Vancouver Sun, revealed strong statements alleging a “$30-million cryptocurrency… Read More

April 5, 2019 @ 7:47 am By Cali Haan  |  

An alleged drug dealer from the Toronto suburb of Mississauga, who pleaded guilty in December to using Bitcoins to buy drugs and a gun on the Dark Net, has had the bulk of his Bitcoins seized this week by a Toronto court, The Toronto Star… Read More

April 4, 2019 @ 8:24 pm By Samantha Hurst  |  

Canadian cryptocurrency platform Coinsquare announced on Thursday the pre-launch of its fiat-backed stablecoin, eCAD. According to Coinsquare, eCAD will provide the Canadian and global markets the stability of the Canadian dollar with the benefits of a digital currency. This new product will allow investors to purchase eCAD… Read More

April 4, 2019 @ 7:30 am By Samantha Hurst  |  

KoreConX announced on Thursday that 3iQ Corp. (3iQ), a Canada-based regulated multi crypto asset portfolio manager, has chosen the KoreProtocol for its Digital Securities Offering. According to KoreConX, 3iQ is claimed to be the first Canadian investment fund manager to fully comply with the terms and… Read More

April 4, 2019 @ 7:30 am By JD Alois  |  

Canada may be a smaller market but it has a robust, highly sophisticated economy and a vibrant Fintech sector. Toronto, the financial center of the country, is home to dozens of Fintechs including payment firms, online lending, AI, wealth management, blockchain and more. Yet while… Read More

April 3, 2019 @ 8:36 am By Cali Haan  |  

Cryptomining company Bitfarms (formerly Blockchain Mining) lost $18.2 million during the 2018 crypto bear market and will shortly be delisted from the Tel Aviv Stock Exchange (TASE), Isreali news outlet Globes reports. Meanwhile, the company has reportedly sought to establish a foothold in Ontario, where… Read More

April 1, 2019 @ 11:09 pm By JD Alois  |  

According to a report in the Vancouver Sun, Vanbex, formerly doing business as Etherparty Smart Contracts, has been hit with a lawsuit launched by the British Colombia Civil Forfeiture Office. The report alleges that Vanbex and its two founders, Lisa Cheng and Kevin Hobbs, were… Read More

March 31, 2019 @ 9:12 pm By Samantha Hurst  |  

Scotiabank announced last week the launch of its new digital mortgage experience, Scotiabank eHOME. Scotiabank reported with Scotiabank eHOME, Canadians may apply for a mortgage completely online, track the application status through real-time updates, and complete the closing with a lawyer without requiring an in-person… Read More

March 28, 2019 @ 9:46 pm By Samantha Hurst  |  

Finaeo, a Canada-based insurtech startup focused on the life insurance marketplace, announced this week it secured $5.35 million through its latest investment round, which was led by Luge Capital. Founded in 2016, Finaeo’s vision is to become the digital fabric that connects and powers the… Read More

March 28, 2019 @ 2:09 pm By Samantha Hurst  |  

Plaid, a U.S.-based fintech startup, announced on Thursday it has expanded its institution coverage in Canada. The company launched its services in the country last year and recently added support for Desjardins, National Bank of Canada, President’s Choice, and Simplii. Along with the expansion of… Read More

March 28, 2019 @ 2:06 am By Cali Haan  |  

The disastrous demise of Canadian cryptocurrency exchange QuadrigaCX has been well covered to date, including: the mysterious, sudden death of founder Gerald Cotten in India in early December 2018. the criminal past of Quadriga co-founder Michael Patryn. the alleged $190 million USD “loss” of client funds… Read More