Canada

Canada Approves Three Ethereum ETFs, Ether Funds Set to Launch on TSX Next Week

<div class=”featured_image_container”> </div> <strong>Canada has been approving crypto exchange-traded funds (ETF) more quickly than the United States and after three successful bitcoin ETFs, the country has approved three ethereum-based ETFs. The three ether ETFs in Canada will debut on Toronto’s stock exchange (TSX) on April 20, 2021.</strong> Three Ethereum ETFs Set to Launch in Canada …

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ETH bonanza as three North American Ethereum ETFs approved in one day

While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day.  Purpose Investments, Evolve ETFs, and CI Global Asset Management were …

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Off to the Races: Kryptoin Re-files Bitcoin ETF Opting to List on Cboe Over Nasdaq

<div class=”featured_image_container”> </div> <strong>On April 9, 2021, the Delaware-based company and sponsor of the “Kryptoin Bitcoin ETF Trust” filed an S1 amendment for a bitcoin exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The asset manager re-filed its 2019 ETF application and instead of leveraging NYSE, the company plans to use Cboe …

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Non-Fungible Token Sales Begin to Dive, NFT Interest Declines, Finance Author Highlights NFT Oversupply

<div class=”featured_image_container”> </div> <strong>Non-fungible token (NFT) assets and collectibles are starting to see sales decline and interest in NFTs is dropping as well. Additionally, it’s being said that an “oversupply of NFTs” may hurt the market, according to James Surowiecki the author of “The Wisdom of Crowds.”</strong> In 2021, non-fungible tokens have been all the …

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US Authorities Indict a Canadian Telecom Provider in a Crypto Money Laundering Case With Encrypted Phones

<div class=”featured_image_container”> </div> <strong>A communications provider is in legal trouble with the U.S. authorities for a money laundering case involving cryptocurrencies. A federal court incited Sky Global for allegedly having facilitated criminal organizations to launder millions worth in crypto.</strong> Sky Global Is Also Accused of Remotely Destroying Devices to Avoid Seizing Per the filings, the …

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Canada will invest billions to electrify mass transit

Mass transit isn’t getting much use during the pandemic, but Canada wants to be sure it’s eco-friendly when the crisis is over. The Canadian government plans to invest $2.75 billion CAD (about $2.17 billion US) into electrifying mass transit across the country over five years.This will include buying more zero-emissions buses in addition to other …

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Canadian bank plans to launch dollar-backed digital currency ‘in the coming months’

In an announcement on Wednesday, VersaBank said it plans to launch a digital currency called VCAD, which will reportedly be backed by Canadian dollars deposited with the bank. The Canadian bank claimed that VCAD would effectively be “the first digital currency to represent a fiat currency” issued and backed by a North American bank. VersaBank said …

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Evolve wins second Canadian Bitcoin ETF as Ontario regulator approves application

North America’s second Bitcoin (BTC) exchange-traded fund received regulatory approval on Tuesday, offering another potential entry point for institutional investors to access digital assets. Less than three weeks after filing a preliminary prospectus for a Bitcoin ETF, Evolve Funds Group Inc announced Tuesday that its fund has been approved by the Ontario Securities Commission, or OSC. …

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First North American Bitcoin ETF Approved by Canadian Securities Regulator

The first bitcoin exchange-traded fund (ETF) in North America has been given the go-ahead by Canada’s financial regulator. According to a decision document on Thursday, the receipt of approval from the Ontario Securities Commission was filed under a Multilateral Instrument passport system in multiple Canadian jurisdictions. Those territories include British Columbia, Alberta, Saskatchewan, Manitoba, Quebec, …

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EY, Quadriga Law Firm Warn of ‘Imitation’ Site

A website imitating the defunct cryptocurrency exchange QuadrigaCX has been posted online as of Tuesday, hoping to lure unsuspecting victims. A warning notification was sent out on Tuesday from both the exchange’s law firm Miller Thomson, which represents the now-former users of Quadriga, and Ernst and Young (EY), a court-appointed bankruptcy trustee for the exchange. …

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