Canada

VIDYA’s Public Sale Marks the Dawn of a New Blockchain Gaming Era

In 2017, the gaming world was revolutionized by the massive success of a simple blockchain game called CryptoKitties. It enabled players to breed and trade unique digital cats via a series of smart contracts on the Ethereum blockchain. That simple concept led to a game that now boasts millions of dollars’ worth of user transactions, …

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Are we dumb? Financial illiterates ‘twice as likely to own crypto’

A report from Canada’s central bank shows that while most Canadians are knowledgeable about basic finance and Bitcoin, few actually hold any crypto assets. According to the results of Bank of Canada’s 2019 Cash Alternative Survey published in August 2020, financial literacy is positively associated with the awareness of cryptocurrencies but negatively associated with ownership. …

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Disney+ is getting a watch party mode

Chesnot via Getty Images Remote watch parties have become increasingly popular this year, with many of us staying at home more often than not amid the pandemic. Hulu, Amazon Prime Video, Movies Anywhere and even Twitch have at least tried baking a watch party feature into their platforms, and now Disney+ is getting in on …

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A New Attempt to Tokenize Real Estate Projects in Mexico and Canada

MountX Real Estate Capital has licensed transfer agent Vertalo to design and launch tokens for at least 15 digital real estate projects in Mexico and Canada through 2020 and early 2021, the firms announced last week.  According to a press statement, this is the third of four planned deals by Vertalo’s real estate division (VRE), …

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Institutional crypto interest hasn’t been affected by COVID-19

The coronavirus pandemic has truly been a watershed event — not just for the financial industry but for the world at large. Many had plans and goals that they wanted to achieve before the year ran out but had to stop. Companies had to file for bankruptcy, and people lost their jobs. Like every sector …

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Waterloo residents have lost $430K to crypto scams this year

Waterloo, Ontario is the first Canadian city to issue a general warning after 78 residents were duped by crypto scammers in 2020. According to Global News, Waterloo residents have lost more than $430,000 so far this year, with 29 of the 78 falling victim in July alone.  As previously reported, fraudsters have been impersonating government …

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Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin

Dex Platforms Trade Over $2.4 Billion in 7 Days, Defi Swaps up 68% Since Last Week Years ago the cryptocurrency community did not have access to a plethora of decentralized exchanges (dex). In 2020 with the rise of Ethereum, dex platforms have grown exponentially with trading applications like Uniswap, 0x, Kyber, and more. Dex trading …

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Cleaning Up Crypto Exchange Wash Trading Will Take Global Regulation

When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating firms, exchanges and the larger crypto world. Data analytics firms recalibrated their exchange ranking metrics, and some assumed …

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Coinsquare Exchange Execs to Resign Over Wash Trading Scandal

Canada-based crypto trading platform Coinsquare has agreed to settle with the Ontario Securities Commission (OSC) after it was found senior executives told employees to make fake trades on the platform. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of …

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Canadian Regulator Accuses Coinsquare of Wash Trading

Canadian regulator Ontario Securities Commission (OSC) has accused embattled exchange Coinsquare of market manipulation and misleading clients about trading volumes. The OSC alleged Coinsquare, which has been accused of wash-trading and reports of a hack, had “engaged in conduct contrary to Ontario security laws.” The regulator also named founder Virgile Rostand, CEO Cole Diamond and …

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