Canada

February 6, 2019 @ 8:36 pm By JD Alois  |  

Is QuadrigaCX Safe? “QuadrigaCX has been developed by some of the foremost leaders in the crypto currency community, and employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of… Read More

February 5, 2019 @ 12:05 pm By Cali Haan  |  

Claims by current operators of the Canadian cryptocurrency exchange QuadrigaCX that the company has “lost” cold wallets containing more than $150 million in crypto are being disputed by a researcher at the Zerononsense blog. QuadrigaCX filed for creditor protection last week, and according to Zerononsense,… Read More

February 4, 2019 @ 12:00 pm By Onki Kwan  |  

Kik Interactive Inc. (“Kik”), a company based in Canada, raised close to $100 million selling Kin tokens during the initial coin offering (ICO) boom of 2017, making it one of the most successful ICOs. It first sold tokens to accredited investors through a SAFT (Simple… Read More

February 4, 2019 @ 10:20 am By JD Alois  |  

Cutting the Red Tape. We elect and appoint public officials to represent our best interests. Far too often, these policymakers take this mandate as a carte blanche to enact new laws and craft more rules. Unfortunately, this approach can be misguided as well-intentioned politicians and… Read More

February 2, 2019 @ 12:28 pm By Cali Haan  |  

The board at beleaguered Canadian crypto exchange QuadrigaCX has issued a notice on the exchange’s website stating that the company has filed for credit protection and is struggling to “…locate and secure our very significant cryptocurrency reserves held in cold wallets…(which) are required to satisfy… Read More

February 1, 2019 @ 1:38 pm By Cali Haan  |  

In an effort to better “manage its resources,” Canadian crypto exchange Coinsquare laid off 40% of its workforce yesterday, Canadian-startup news outlet BetaKit reports. The latest layoffs reportedly follow a 20% cutback on employees undertaken by Coinsquare last July. According to Coinsquare CEO Cole Diamond,… Read More

January 29, 2019 @ 9:30 am By JD Alois  |  

In a report this past weekend, Kik – a Canada based company, indicated its intent to battle an anticipated enforcement action by the US Securities and Exchange Commission (SEC). According to WSJ.com, Kik is willing to go to the mat with the Commission in the… Read More

January 25, 2019 @ 9:58 am By JD Alois  |  

OTC Markets Group has published their annual OTCQX Best 50 list. The list is a ranking of top-performing OTCQX companies in the prior calendar year which include both domestic and international firms. OTC Markets is a popular marketplace with many global companies that are headquartered outside the… Read More

January 23, 2019 @ 2:34 pm By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Wednesday it is expanding its technology partnership with Plaid. Modo reported that it is using Plaid’s API technology to enable more convenient access to its products and help more users to gain control of their financial health. While sharing… Read More

January 22, 2019 @ 9:57 am By Samantha Hurst  |  

Canadian fintech Mogo Finance Technology announced on Tuesday it opened more than 210,000 new member accounts in 2018, which brought its member base to approximately 756,000 on December 31st.  The company claims it is a digital challenger to the banks in Canada and empowers consumers with solutions… Read More

January 15, 2019 @ 12:18 pm By Cali Haan  |  

Bitmex, a Hong Kong-based Bitcoin derivatives exchange popular for allowing 100X leveraged bets, has deactivated the trading accounts of clients from the US and the Canadian province of Quebec, The South China Morning Post (SCMP) reports. The move has likely been made in response to increased regulatory pressure… Read More

December 26, 2018 @ 1:08 pm By Samantha Hurst  |  

The Southern Alberta Institute of Technology announced last week it is claiming to be the first Canadian institution to use the technology to deliver secure credentials. According to the institute, Twenty-five graduates from the Pre-Employment Automotive Service Technician program received a digital credential through blockchain as part… Read More

December 21, 2018 @ 8:23 am By Samantha Hurst  |  

TD Bank announced on Friday it has released a progress report on advancing towards a transition to a low-carbon economy in North America. The banking group also reported it secured CAD$22 billion during its first year. In December 2017, TD set a target of a total of CAD$100 billion in… Read More

December 20, 2018 @ 12:00 pm By JD Alois  |  

“Reaching New Heights” The Cambridge Centre for Alternative Finance (CCAF) has published their annual report on alternative finance covering the Americas. According to Reaching New Heights: the 3rd Americas Alternative Finance Industry Report covering data for 2017, across the Americas alternative finance grew by 26%… Read More

December 14, 2018 @ 2:50 pm By Samantha Hurst  |  

OnDeck (NYSE: ONDK), a small business online lending platform, announced last week it has entered into a definitive agreement to combine its Canadian lending operations with Evolocity Financial Group (Evolocity), a private Montréal-based online small business lender. According to OnDeck, The combined enterprise, to be branded OnDeck… Read More

December 13, 2018 @ 11:15 pm By Cali Haan  |  

The world of cryptocurrencies has often been compared to the Wild West or some other “every man for himself” situation. Users are repeatedly admonished to protect their “private keys” (passwords, essentially) and maintain custody of them whenever possible. “No keys, no crypto” is a popular… Read More

December 9, 2018 @ 8:29 pm By Samantha Hurst  |  

The Ontario Securities Commission (OSC) announced last week it is seeking applications for membership on its Fintech Advisory Committee (FAC). The OSC reported the FAC advises the OSC LaunchPad staff on developments in the fintech space and the challenges faced by start-ups in the securities industry. It… Read More

December 9, 2018 @ 9:31 am By Cali Haan  |  

Laura Shin, an independent journalist known for breaking an important story about deception by “blockchain” scions in Toronto, recently spoke to her former colleague at Forbes, Jeff Kauflin, on a podcast convened to discuss layoffs and business structure problems at ConsenSys, one of Ethereum’s biggest spin-off companies…. Read More

December 7, 2018 @ 9:53 am By JD Alois  |  

ICOx Innovations (TSXV and OTC: ICOX) plans to list on the Canadian TSX Venture exchange. ICOx is a company that “designs and creates blockchain economies for established companies to benefit and grow their businesses through blockchain technologies and branded cryptocurrencies.” In a release, the company… Read More

December 7, 2018 @ 9:27 am By Samantha Hurst  |  

Kik, a Canada-based chat platform, announced on Thursday the launch of its new peer-to-peer transaction feature, which is powered by Kin. According to Kik, the feature will allow users who are participating in public group chats to reward group administrators for facilitating positive and meaningful user interactions inside… Read More