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AI-driven investment startup Delphia acquires Fathom Privacy to increase transparency with user data (BETAKIT)
On Thursday, Delphia announced that it had completed its acquisition of New York-headquartered Fathom Privacy, a data rights company that packages data collected from consenting users into an easy-to-interpret format to streamline data sharing across apps.
Exclusive: Canada's biggest pension plan, CPPI, ends crypto investment pursuit (REUTERS)
Canada's biggest pension fund, CPP Investments, has ended its effort to study investment opportunities in the volatile crypto market, two people familiar with the matter told Reuters.
The reasons behind CPPI's abandonment of crypto research were not immediately clear. CPPI declined to comment but said it has made no direct investments in crypto. It referred to previous comments on cryptocurrency by its CEO, John Graham, in which he sounded a note of caution.
Fintel Connect closes $4.8 million CAD to help financial institutions drive cost-effective growth (BETAKIT)
Self-financed and founded by Senyard in 2002, Montréal-based Income Access helps online gambling companies with digital customer acquisition. Following an “overnight success of 14 years,” Income Access was acquired by Paysafe in 2016 for $40 million CAD.
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Crypto firm blockstream seeks funding at a lower valuation in tight market (BNN BLOOMBERG)
Blockstream’s Chief Executive Officer Adam Back declined to comment on the size of the funding round or valuation but said that the money would be used to expand capacity to host crypto miners.
Plaid lays off 20% of staff (TECHCRUNCH)
A company spokesperson did not disclose how many engineers are being impacted, saying “teams across the company” were affected. She added that since Plaid is “aligning to updated headcount goals, teams like recruiting are impacted more than others.”
BC appoints Brenda Bailey as new innovation minister in cabinet shuffle (BETAKIT)
Premier David Eby unveiled a new cabinet of 23 ministers and four ministers of state on Wednesday appointing Bailey as the province’s new minister of jobs, economic development, and innovation.
Coinbase CEO sees revenue falling 50% or more on crypto rout (BNN BLOOMBERG)
The rapid downfall of FTX capped what was already a brutal year for the cryptocurrency industry, with speculators in retreat as prices of some of the most frequently traded tokens tumbled. Coinbase’s shares have fallen more than 80% in 2022 and the company’s third-quarter revenue was about one-fourth of what it was during the last three months of 2021, when the price of Bitcoin peaked.
Harvest Builders announces Graeme Harrison as new president (BETAKIT)
Harvest said it chose Harrison because it was looking for someone with an entrepreneurial background that could build partnerships with other leading ecosystem players, such as other venture funds and startups throughout Western Canada and beyond
FTX Founder Sam Bankman-Fried Is Said to Face Market Manipulation Inquiry (THE NEW YORK TIMES)
Federal prosecutors are investigating whether FTX’s founder, Sam Bankman-Fried, manipulated the market for two cryptocurrencies this past spring, leading to their collapse and creating a domino effect that eventually caused the implosion of his own cryptocurrency exchange last month, according to two people with knowledge of the matter.
Crypto.com CEO has history of red flags including bankruptcy and quick exits (CNBC)
Crypto.com, one of the world’s largest cryptocurrency exchanges, may well be in fine health. After the FTX collapse, the company published its unaudited, partial proof of reserves. The release revealed that nearly 20% of customer funds were in a meme token called shiba inu, an amount eclipsed only by its bitcoin allocation. That percentage has dropped since the initial release to about 15%, according to Nansen Analytics.
Cross-border payments startup Buckzy takes the smart money in downscaled $19.5 million CAD Series A (BETAKIT)
Buckzy founder and CEO Abdul Naushad told BetaKit in an interview that this capital will extend the startup’s runway by 12 months and help it reach cash flow breakeven by this time next year.
Exclusive: Goldman Sachs on hunt for bargain crypto firms after FTX fiasco (REUTERS)
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest.
