WonderFi CEO Dean Skurka kidnapped, released after reportedly paying $1-million ransom
WonderFi says it is providing “full cooperation to the Toronto Police Service on this active investigation.”
Web3
Balance becomes Canada’s second qualified digital asset custodian
As a “proper local alternative,” Balance aims to bring crypto assets stored in US back home.
Bitcoin infrastructure unicorn Blockstream raises $289 million CAD to boost mining operations
Repeat investor Fulgur Ventures led the financing round, bringing the Bitcoin giant’s total funding to over $822 million…
Feds announce $4 million for Atlantic Canada tech startups through ACOA
Eight of the 10 startups are Nova Scotia-based, including Milk Moovement and UpBeing.
It’s not the technology, it’s what you build with it
Crypto pitches Canadian tech at BetaKit Talks: You Don’t Know Crypto.
Months-long dispute between Bitfarms and Riot Platforms draws to a close as companies reach settlement
Board member Andrés Finkielsztain steps down as Riot withdraws bid to reshuffle Bitfarms board.
“The impact can be devastating”: ASC launches $130,000 tech challenge in bid to combat crypto scams
Alberta Securities Commission estimates $309 million of investment fraud reported last year was tied to crypto.
Bitfarms and Riot continue public squabble leading up to October shareholder meeting
Riot encouraged shareholders to “seriously question” timing of recent Stronghold acquisition.
Round13, Nvidia-backed Wombo announces $12.2-million CAD to launch more generative AI apps
After surviving collapsed fundraise and class-action, Wombo contends with copyright concerns as it funds for growth.
The most important work in tech is happening on-chain
BetaKit Talks: You Don’t Know Crypto will take place on Sept. 24, presented by WonderFi.
Knox Custody founders close $1.8 million CAD to launch borderless Bitcoin payments with Tmrw
Maple VC-backed, Canadian-founded startup is targeting the Caribbean market to start.
Canadian Web3 regulations & Coinbase’s year in review
Crypto.com, Coinbase, CIRO and more discuss Canada playing catch-up at the Blockchain Futurist Conference.
Kraken appoints Alex Mehrdad as new leader of crypto exchange’s Canadian operations
Mehrdad succeeds Mark Greenberg, who was recently promoted to a new global role.
Targeted by activist investor, Bitfarms chairman and co-founder Nicolas Bonta steps down
The board shakeup follows Bitfarms adopting a second ‘poison pill’ after its first was struck down.
BC Securities Commission panel finds crypto platform ezBtc diverted one-third of customer funds to gambling, personal accounts
In one case, BCSC found that a customer’s bitcoin deposit was transferred to a gambling website within 14 minutes.