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Dapper Labs raises $305 million to expand NBA Top Shot product to other sports leagues (BETAKIT)
According to sources speaking with The Wall Street Journal, this funding values Dapper Labs at $2.6 billion. AP News explains the rising popularity of virtual sports cards.
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Finance Department sees issues with Facebook’s digital currency, documents show (CBC)
Internal Finance Department documents show officials have deep concerns about the effect of Facebook’s planned digital currency on Canada’s financial stability.
OSC charges head of cryptocurrency company Peblik with fraud, securities act offences (BETAKIT)
The charges against Peblik follow an investigation conducted by staff within the OSC Enforcement team that investigate quasi-criminal and criminal offences related to securities.
Plaid is said close to financing at about $13 billion valuation (BNN BLOOMBERG)
Many of its existing investors are expected to participate in the latest round that could raise hundreds of millions of dollars, the people said.
OSC demands crypto trading platforms bring operations into compliance with securities regulations (BETAKIT)
“Unregistered crypto-asset trading platforms expose Ontario investors to significant risks, including potential loss, theft and misuse of their assets.”
Insurance startup doubles valuation to $4 billion in 6 months (FORTUNE)
Guy Goldstein, Next’s cofounder and chief executive, says 2021 is already poised to be a better year for business than last year.
Nuvei, Mogo expand reach into crypto space with new product offerings (BETAKIT)
Nuvei and Mogo are two of the latest Canadian FinTechs to expand their presence in the cryptocurrency space. The industry is also looking to bolster its everyday usage with PayPal’s new crypto checkout service.
Uruguay’s DLocal valued at $5 billion after Alkeon and Tiger invest (BNN BLOOMBERG)
The Montevideo, Uruguay-based company also raised fresh capital from investment firms Bond, D1 Capital Partners and Tiger Global. The news comes shortly after Tiger Global closed one of the biggest venture funds ever.
Three barriers to innovation in insurance (BETAKIT)
Duuo’s Director, underwriting argues insurance companies face compliance risks when developing new products to serve Canadians in the digital economy.
On its own: How eBay is running payments without PayPal (PROTOCOL)
PayPal has been the way to pay on eBay for decades. Alyssa Cutright is changing that.