Canada

June 21, 2018 @ 11:50 am By Cali Haan  |  

The Globe and Mail newspaper, courtesy of Bloomberg, is reporting that the Quebec provincial energy regulator, Regie de l’energie, has authorized Hydro Quebec to levy a 3x premium on electricity prices to all new firms planning on mining cryptocurrencies in Quebec. https://www.theglobeandmail.com/business/article-hydro-quebec-hikes-electricity-price-for-cryptocurrency-miners/ Cryptocurrency “mining farms”… Read More

June 20, 2018 @ 11:13 am By JD Alois  |  

The Securities and Exchange Commission (SEC) has received an additional emergency court order freezing the assets of Dominic Lacroix. The freeze is part of an ongoing enforcement action that stems from some time ago. The SEC had previously sued for securities fraud and had obtained… Read More

June 20, 2018 @ 11:11 am By Samantha Hurst  |  

Interac Corp. announced earlier this week the launch of its new Interac Lab, which is described as an innovation outpost and accelerator at the Kitchener-based tech hub, Communitech. According to Interac, the Interac Lab will support research and development, offering a space for hands-on experimentation…. Read More

June 20, 2018 @ 7:52 am By Cali Haan  |  

Yet another computer-savant smart enough to have allegedly managed a vast Dark Web marketplace yet not quite smart enough to avoid countries with extradition treaties with the US is on his way there to face charges of conspiracy to traffic drugs and launder money. According… Read More

June 19, 2018 @ 9:12 am By Cali Haan  |  

It seems the cutest bubble in crypto has popped for the time being, but don’t worry, Vancouver firm Axiom Zen are trotting out all kinds of ways to restore heat to Ethereum’s favourite cartoon cats. CryptoKitties are a set of limited-edition digital-cartoon collector cats registered… Read More

June 18, 2018 @ 3:48 pm By Samantha Hurst  |  

Finance Montréal announce on Monday the launch of the Montréal FinTech Station, which had financial support from the Government of Québec. According to Finance Montréal, the Montréal FinTech Station’s mission will be to support the development of new businesses in the financial technology sector as well as help… Read More

June 17, 2018 @ 8:49 am By JD Alois  |  

KoreConX has landed a high profile advisor. David Weild, former Vice-Chairman of NASDAQ, CEO of Weild & Company, and JOBS Act proponent, has joined the Fintech firms advisory board. KoreConX is a digital investor relations platform that aids in the capital raising process and shareholder… Read More

June 15, 2018 @ 8:15 pm By Samantha Hurst  |  

On Friday, Canadian fintech Mogo Finance Technology announced it has obtained a receipt for a final short form base shelf prospectus further to its filing of a preliminary short form base shelf prospectus, previously announced on April 16th. According to the startup, both documents have been… Read More

June 13, 2018 @ 7:50 am By JD Alois  |  

Katipult Technology Corp. (TSXV: FUND)( Frankfurt: K10), a Canada based Fintech, has closed on a C$3.05 million offering of unsecured debentures. Katipult provides investment management and crowdfunding software, including secondary market and blockchain based securities features. Katipult listed its shares on the TSX Venture exchange in late… Read More

June 12, 2018 @ 7:00 am By Samantha Hurst  |  

B2B payment platform PayStand announced on Tuesday it has expanded its digital platform in Canada in order to support domestic B2B commercial payments and continue the growth of its global payments infrastructure. The expansion into Canada comes less than one year after PayStand secured $6… Read More

June 11, 2018 @ 9:24 pm By Samantha Hurst  |  

Luge Capital, a new venture capital fund specifically focused on early-stage fintech companies and artificial intelligence (AI) solutions applied to financial services, announced on Monday it has completed a $75 million round of financing to begin operations. The fund reported that Initially, $50 million of the raised capital was… Read More

June 11, 2018 @ 8:13 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has published a notice addressing the issue of initial coin offerings (ICOs) and whether, or not, these tokens are securities. The document by the CSA leaves little room for utility tokens to actually exist – at least not in the… Read More

June 10, 2018 @ 6:54 pm By JD Alois  |  

The Canadian Government, under the auspices of the Department of Finance, has published a series of updated rules to strengthen Canada’s AML / ATF Regime that includes regulating businesses dealing in virtual currency. The Canadian government states that the fast changing financial services industry is being… Read More

June 7, 2018 @ 10:39 pm By Samantha Hurst  |  

On Thursday, point-of-sale financing and payment tech provider Flexiti announced it has acquired TD Financing Services’ (TDFS) Canadian private label credit card portfolio, which is valued at approximately $250 million. According to Flexiti, the acquisition includes an equity investment of over $50 million led by… Read More

June 6, 2018 @ 4:52 pm By JD Alois  |  

The Canadian Securities Administrators (CSA) has issued an alert to investors when considering buying crypto assets through trading platforms. The CSA states that even though a platform may call itself an “exchange,” that does not mean it is complying with the securities regulatory regime. The… Read More

June 6, 2018 @ 7:56 am By JD Alois  |  

Imaginea Ai Inc., an artificial intelligence (AI) company based in Canada, is prepping to launch a fully regulated initial coin offering. Imaginea says it has been working closely with the Alberta Securities Commission to ensure the Security Token Offering (STO) is compliant to provincial law…. Read More

June 5, 2018 @ 12:10 pm By JD Alois  |  

    The Cambridge Centre for Alternative Finance (CCAF), at the Judge School of Business at Cambridge University, has launched their annual research initiative pertaining to the global alternative finance industry. While in years past CCAF has staggered the research, this year they are commencing… Read More

June 1, 2018 @ 2:31 pm By JD Alois  |  

iComply Investor Services, a Regtech company that is launching an automation service for digital assets, has announced that Greg Pinn, former head of World-Check for Thomson Reuters, will ow be leading product strategy for iComply. Pinn has been with World Check for almost ten years… Read More

June 1, 2018 @ 10:29 am By JD Alois  |  

UK based Coinage has launched the Coinage Exchange. This new cryptocurrency exchange is designed to make trading in crypto easier for traders and investors. Coinage Exchange is a mobile first platform that says it wants to bring cryptocurrencies to the masses on both Main Street… Read More

June 1, 2018 @ 8:26 am By Clayton Moore  |  

When Overstock (NASDAQ:OSTK) became the first major retailer to accept Bitcoin for payment in 2014, the move raised eyebrows. Four years later, cryptocurrencies still struggle with being seen as “fake” money, exacerbated by boom and bust headlines and regulatory uncertainty. The fastest path to legitimacy?… Read More