Canada

December 4, 2018 @ 3:23 am By Cali Haan  |  

BC Hydro, the semi-privatised crown corporation that manages most of the power infrastructure and supply in the Canadian province of British Columbia, says in the last year, cryptocurrency mining farms have requested to add up to 5000 megawatts of load to the province’s electrical systems,… Read More

December 1, 2018 @ 9:00 am By Xu Gao  |  

Sesame Credit Accepted for Canadian Visa Application This week, the Canadian Immigration Department (IRCC) announced that Chinese tourists can choose to submit his/her Sesame Credit Visa report (≥750 points) as financial proof for Canadian visa application. Sesame Credit is credit-assessment service offered by Ant Financial,… Read More

December 1, 2018 @ 8:30 am By Cali Haan  |  

A Vancouver-based firm mining Bitcoin and Bitcoin cash has reported a Q3 loss of $1.5 million, thanks mainly to very high levels of mining “difficulty” (competition) in relevant networks coinciding with a “significant decline in the price of Bitcoin.” The report offers a rare glimpse… Read More

November 29, 2018 @ 11:03 am By Samantha Hurst  |  

Accenture (NYSE: ACN) announced earlier this week it opened its new Canada innovation hub in the heart of Toronto’s business and technology district to help clients grow, compete and transform in the digital economy. Accenture reported that as part of its investment in Canada, it… Read More

November 28, 2018 @ 10:43 am By Cali Haan  |  

Yesterday was a tough one at Galaxy Digital, the cryptocurrency-focussed merchant bank started late last year by former Goldman Sachs partner and legendary hedge fund operator Mike Novogratz. At 11:25 am ET yesterday, November 27th, the Toronto Stock Exchange halted trading of Galaxy Digital’s $GLXY… Read More

November 21, 2018 @ 2:01 pm By Samantha Hurst  |  

Paysafe Group, a global payments provider, announced on Tuesday it is partnering with Paytm Canada to extend the payment options their customers have to securely and easily use their smartphones to pay for goods and services. According to Paysafe, Paytm Canada launched its first consumer-facing mobile application allowing… Read More

November 19, 2018 @ 5:33 pm By Cali Haan  |  

After holding a series of 18 meetings to review Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the House Finance Committee has recommended that the Government of Canada regulate cryptocurrency businesses to prevent criminal use, iPolitics reports. The committee has been conducting meetings to… Read More

November 19, 2018 @ 10:04 am By Samantha Hurst  |  

Biz2Credit announced on Monday it is working with HSBC Bank Canada to give Canadian small business owners quicker and easier access to apply for business financing through HSBC eCredit. According to the duo, HSBC eCredit is a digital-first approach to lending, which will allow small business… Read More

November 17, 2018 @ 2:20 pm By JD Alois  |  

CROSS-BORDER INTERBANK PAYMENT AND SETTLEMENTS: Emerging opportunities for digital transformation Three governmental agencies have collaborated on a report pertaining to payments and settlements seeking to join in a push for a unified approach to this sector of Fintech. The Bank of England, Bank of Canada… Read More

November 15, 2018 @ 7:15 am By JD Alois  |  

Toronto based Fintech dig1t Inc. has closed on a CDN $ 9 million series A funding round. The Robo-advisor provides wealth management tools powered by advanced analytics and risk management tools. The d1g1t platform offers portfolio management services to professional advisors and their individual investors…. Read More

November 15, 2018 @ 6:29 am By Erin Hobey  |  

Mobeewave, an in-person contactless payment acceptance platform, has closed a US$16.5M Series B funding round, led by NewAlpha Asset Management, Mastercard and Forestay Capital. The strategic funding will enable Mobeewave to continue to deploy in global markets and develop new product offerings. “We are delighted… Read More

November 7, 2018 @ 7:35 pm By Cali Haan  |  

St Francis Xavier University in Antigonish, Nova Scotia, Canada had to shut down its entire network for four days last week to fend off a crypto-mining malware attack, Global News reports. Campus email, Wi-Fi, debit transactions, online course selection, cloud storage, and drives on the… Read More

November 7, 2018 @ 2:57 pm By JD Alois  |  

The Texas State Securities Board has issued an emergency cease and desist order to two ostensible cryptocurrency miners. Yesterday, the C&Ds were placed against Quebec, Canada-based EXY Crypto, and AWS Mining PTY Ltd., based in Sydney, Australia. Texas Securities Commissioner Travis J. Iles issued a statement indicating the… Read More

November 6, 2018 @ 9:22 am By Cali Haan  |  

The Ontario Securities Commission, regulator of capital markets in Canada’s most populous economic-powerhouse province, have created a colourful new website to educate investors about cryptocurrencies: GetSmarterAboutCrypto.ca According to a release announcing the initiative, 5% of adult Ontarians, or around 500 000 individuals, now own “crypto assets,”… Read More

November 2, 2018 @ 5:03 pm By Cali Haan  |  

The Financial and Consumer Affairs Authority (FCAA) in the Canadian province of Saskatchewan has issued a warning to investors cautioning them around investing or trading in cryptocurrencies. In its “Using Or Investing In Cryptocurrency? Know The Risks” release issued October 31st, the last day of Investor… Read More

November 1, 2018 @ 11:14 am By Cali Haan  |  

A judge at the Seoul Central District Court has ordered one of South Korea’s largest banks, Nonghyup, to restore services to the Coinis cryptocurrency exchange, 8BTC reports. The showdown reportedly began in September when Nonghyup announced it would no longer process deposits and withdrawals on behalf… Read More

November 1, 2018 @ 3:28 am By Erin Hobey  |  

The Dutch payments platform Adyen (AMS: ADYEN) has now expanded its platform’s reach into Canada. In addition, Adyen also announced that four new customers — Dollar Shave Club, Adidas, Busbud and Canada Goose — have selected Adyen as their payments processor in Canada. Key Ayden clients include Facebook,… Read More

October 30, 2018 @ 7:38 am By Erin Hobey  |  

Portag3 Ventures posted its initial closing of Portag3 Ventures II LP (“Fund II”), its second fintech venture fund focused on early stage investments in the global financial technology sector. “Portag3 Ventures is uniquely positioned as one of the few platforms dedicated exclusively to fintech on… Read More

October 25, 2018 @ 9:46 pm By Cali Haan  |  

Traditionally, providing comprehensive travel packages to consumers across the globe can be a complex process involving numerous parties – both in a traveller’s country of origin and in destination areas. Local tour operators curate and pay for bulk deals on accommodation, tour and food-services, then… Read More

October 23, 2018 @ 11:06 am By Cali Haan  |  

The National Bank of Canada, the country’s seventh largest bank, is piloting a program to offer the creation and negotiation of standby letters of credit on a blockchain / distributed ledger system. The pilot uses a distributed ledger (DLT) system created by the company Skuchain and… Read More