F|T: The FinTech Times – CoinSmart, Coinsquare split leads to legal proceedings
Plus: PayPal to cut 2000 workers.
FinTech
Canadian Web3 Council calls on Senate to examine how to “effectively harmonize” regulatory framework for digital assets
Web3 Council to Senate: “Canada must not be left behind.”
CoinSmart to seek monetary damages from Coinsquare following collapse of acquisition deal
CoinSmart accepts deal is no more, intends to “commence legal proceedings against Coinsquare.”
As Clearco and Wayflyer struggle, Paperstack secures $9 million in equity, debt to fuel pivot into e-commerce lending
Paperstack sees room to grow as larger players cut back amid economic headwinds.
F|T: The FinTech Times – Stripe’s path to IPO
Plus: Blockstream lands $125 million.
Nuula sold to Nav Technologies following collapse of Series A round
Nuula CEO: Company planned to raised $5 million but it “became impossible to close.”
Bitcoin infrastructure startup Blockstream raises $125 million USD to expand crypto mining services
The Montréal firm claims demand for its hosting services remains high, despite volatile market.
Fintech Cadence, Atlantic FinTech partner to create national reach
Partnership hopes to unify FinTech clusters across the country.
F|T: The FinTech Times – A Clearco co-founder resigns as CEO, again
Plus: the end of an era for crypto’s pseudo-banks.
Delphia places co-founder on leave over sexual assault allegations, lawsuit from former employee
Plaintiff: “I feel hurt and betrayed by Delphia’s co-founders.”
After navigating “major” changes to restaurant industry, Notch closes $13.7 million CAD to fuel pivot to FinTech
CEO: “When you have to pivot in COVID, that’s a challenging place to be.”
CoinSmart rejects Coinsquare’s notice to terminate acquisition deal
CoinSmart claims Coinsquare’s acquisition about-face is “invalid and without merit.”
F|T: The FinTech Times – Coinsquare breaks up with CoinSmart, courts WonderFi?
Plus: Nuvei enters $1.7 billion CAD deal to acquire Paya.
Clearco CEO Michele Romanow steps down as company cuts almost 30 percent of staff
Andrew Curtis now CEO as company hopes latest exec change will lead to cash flow break-even in 2023.
A Web3 vibe check with Round13’s Satraj Bambra
Pick your poison, but 2022 was not a great year for digital assets.