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Coinberry second crypto asset dealer to receive regulatory approval by OSC (BETAKIT)
The decision comes almost one year to the day after Canadian FinTech leader Wealthsimple received the first such order.
How Google, Facebook and Walmart stole Paytm’s FinTech crown in India (REST OF WORLD)
The payments giant pioneered digital wallets in India, but has since lost out to well-funded competition from abroad.
Aux Caves FinTech latest target as Canadian securities commissions continue to crack down on crypto asset firms (BETAKIT)
The OSC previously issued a warning to crypto asset trading platforms that they must contact OSC staff or face potential regulatory action.
Bitpanda’s three founders are now worth $2bn after mega raise led by Peter Thiel’s Valar Ventures (SIFTED)
The funding round, led by Peter Thiel’s Valar Ventures, values the company at $4.1bn, which is more than three times the March valuation of $1.2bn.
Neo Financial prepares to open innovation hub in Winnipeg (BETAKIT)
Dayna Spiring, president and CEO of Economic Development Winnipeg, told BetaKit, “It’s a great day,” adding that Neo’s choice to lease in the city continues to build out Winnipeg’s tech sector.
Afghanistan had a plan to free itself from cash. Now it risks running out. (MIT TECHNOLOGY REVIEW)
Afghanistan’s banking system is in a state of collapse, and people throughout the country are running out of money.
Google’s payments team is seeing an exodus of talent (BUSINESS INSIDER)
Google’s payments team is seeing an exodus of executives and employees. Some say they’re frustrated with the slow pace of progress.
Twitter chooses Wealthsimple as first Canadian payment service for its Tip Jar (BETAKIT)
Tip Jar is currently in beta. Canadian Twitter users have had beta access since its launch in May 2021.
Robinhood’s crypto trading surges, as overall growth slows (AP NEWS)
After helping a new generation of investors get into stocks, Robinhood is increasingly doing the same for cryptocurrencies.
Venbridge latest lender to add SR&ED financing advances to venture debt offerings (BETAKIT)
Canada’s single largest research and development incentive is the SR&ED Tax Credit program, according to BDC.
How Coinbase Ventures became one of crypto’s busiest VCs — without any full-time staff (FORBES)
Coinbase Ventures has backed more than 150 companies in its three years in existence, with notable companies in its portfolio from all over the crypto ecosystem.
FreshBooks secures $163 million CAD and unicorn valuation to increase global reach (BETAKIT)
FreshBooks’ efforts to expand its international presence are led by Don Epperson, who took over as CEO at the beginning of this year, but predate his appointment.
Crypto platform hit by $600 million heist asks hacker to become its chief security advisor (CNBC)
Poly Network promised the hacker a $500,000 bounty for the restoration of user funds, and even invited them to become its “chief security advisor.”