Tag Archives: canada

While the US still fights the idea of an ETF tracking the performance of BTC, the Ontario Securities Commission (OSC) has approved an application from the financial services company Purpose Investments Inc. to launch such a product in several Canadian territories.The approval document reads that Purpose Investments filed the prospectus under Multilateral Instrument 11-102 Passport System for the following Canadian jurisdictions: British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, New...

The Canada-based financial technology company Mogo plans to make an initial corporate investment of over $1 million in bitcoin and increase the amount next year. The crypto-friendly fintech firm has joined the recent trend of sizeable corporations that allocate funds in BTC.Mogo To Allocate 1.5% Of Its Assets In BTCThe Vancouver-based fintech company announced its BTC-related plans earlier today. The statement reads that the firm intends to allocate 1.5% of its total assets as of the end of...

The forthcoming Crypto.com Visa cards for Canadian citizens are reportedly coming early next year and are considered another step in the country’s recent turn towards cryptocurrency adoption.Visa Cards For Canadians As Early As January 2021The digital assets exchange and app Crypto.com has officially announced that citizens of Canada are now able to apply for its Visa cards. Plans are for the shipment of new cards to begin in January next year. The country is the most recent addition to the...

FinTech startup Wealth Simple (based in Toronto, Canada) has initiated its own cryptocurrency trading platform for those looking to potentially trade both bitcoin and Ethereum.Wealth Simple Introduces a Crypto Trading SystemThe company’s claim to fame thus far is that all trades are commission free, meaning that customers will not pay any additional fees while engaging in trades. While the exchange was developed several months ago, it has existed up until this time only in private beta mode....

Perhaps one of the biggest – and scariest – mysteries to emerge from the cryptocurrency space over the past few years has been the rise and fall of Quadriga CX, a cryptocurrency exchange in Canada that now has an undoubtedly shady history behind it.Quadriga CX Will Probably Always Live in InfamyAt one point, Quadriga CX was one of the largest cryptocurrency trading platform in Canada, but now the company has been marred by controversy and a lot of angry people who cannot seemingly get their...

According to a set of leaked documents, the Canadian cryptocurrency exchange Coinsquare was practicing wash trading. This is the practice of creating artificial or “fake” positions to prop up the value of the trading volume on the exchange.Coinsquare Wash Trading ImplicationsA recent report revealed that a set of leaked emails, files, and slack chats, implicate the Canadian cryptocurrency exchange Coinsquare in wash trading.Wash trading is a practice where an investor simultaneously sells and...

Remember Live Bitcoin News’ coverage of Einstein Exchange, the now defunct cryptocurrency exchange stationed in Canada? Remember how the company took roughly $16 million of customers’ money with it? Well, turns out a lot of that money is lost, and Einstein now only possesses about $45,000 of its previous total.Einstein Exchange: Losing Money QuicklyMost of the remaining money is made up of “hard assets,” according to an official statement, with about $15,000 comprised of various...

Well, this is disappointing. After all the hype and hoopla, after all the hope that Canada may be taking an important and crucial next step towards furthering the cryptocurrency space, it turns out that rumors of the Royal Bank of Canada (RBC) creating its own cryptocurrency exchange were simply that… Rumors.RBC Dispels All RumorsThe Royal Bank has emerged to state that it is not creating, nor does it have any plans to create a cryptocurrency trading platform in the future. While the...

A Canadian cryptocurrency trading platform known as Einstein Exchange is being invested by local law enforcement after it mysteriously shut down, leaving several customers unable to withdraw their funds.Einstein Disappears, Leaving Customers BehindAfter repeatedly emailing the exchange regarding why withdrawals were taking such an unusually long period of time, one user recalls receiving the following message:As you have been told several times by several team members, by constantly emailing...

What has been a fairly bad few weeks for cryptocurrency exchanges, just got a little worse?  A Vancouver-based crypto trading platform, Einstein Exchange, has been closed by Candian authorities; while still owing $16 million in outstanding obligations. What Happened to Einstein? On Monday, the British Columbia Securities Commission (BCSC), provided a statement noting the “action to protect customers” of the Einstein exchange. The regulatory agency sought a Supreme Court order on...