F|T: The FinTech Times – Cryptocurrency crackdown

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OSC and BCSC issue warnings against cryptocurrency firms(BETAKIT)

The Ontario Securities Commission has issued a warning against firms that it says are not registered to provide advice on investing in securities in Ontario.

TruStory, a new startup, just raised $3 million to identify ICO scams before they happen(TECHCRUNCH)

The seed funding was led by True Ventures, with participation from Pantera Capital, Kindred Ventures, Homebrew, Coinbase Ventures, Wonder Ventures, Abstract Ventures and Alexia Tsotsis.

C2 Montreal panel: Lack of education, slow gov’t regulation delaying widespread blockchain adoption(BETAKIT)

Panelists also gave examples of the most useful and disruptive industry applications of blockchain technology.

Revolut adds bitcoin cash and Ripple as users make 100,000 bitcoin, litecoin, ethereum trades a day(FORBES)

The company, which is Europe’s fastest growing so-called unicorn, said 20 percent of its 400,000 users have now unlocked cryptocurrency trading since it was made available on its app late last year.

CryptoKitties sued for trade secret misappropriation(BETAKIT)

According to a report from VentureBeat, Axiom Zen is being sued by California-based StarCoin (which goes by Tradestar) for trade secret misappropriation and breach of a previously signed confidentiality agreement.

Adyen confirms an IPO in Amsterdam, valuing the payments giant at $7B-$11B(TECHCRUNCH)

Adyen powers payments for large and smaller e-commerce merchants and others.

Kenya moves to regulate digital lending(PYMNTS)

“We have a lot of predatory lending out here, which we want to regulate.”

Yahoo shuts down social savings app Tanda only months after launch(TECHCRUNCH)

The company announced the news of the app’s closure via a blog post, which vaguely hinted at a lack of traction. That appears to be true – the app isn’t even in the top 1,500 in the Finance category on the App Store.

PayPal will work inside Gmail, YouTube, and more, thanks to Google Pay (THE VERGE)

The new integration, which will go live later this year, will include apps like Gmail, YouTube, the Google Store, and any service using Google Pay, including peer-to-peer transfers as well as payments.

FinTech startup ImpactGuru raises $2M in Series-A round, led by Apollo Hospitals Group and Venture Catalysts(YOUR STORY)

ImpactGuru is a healthcare, nonprofit, and personal cause donation crowdfunding platform.

With $2 million in seed funding, NorthOne wants companies to understand their financial health(BETAKIT)

Originally known as Ferst Digital, the company says three thousand businesses have signed up for its platform ahead of a fall launch.


Amira Zubairi

Amira Zubairi is a staff writer and content creator at BetaKit with a strong interest in Canadian startup, business, and legal tech news. In her free time, Amira indulges in baking desserts, working out, and watching legal shows.

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