Day, however, argues that the hack was simple fraud. According to filings posted by Day and prepared in collaboration with the Canadian law firm Stockwoods, in addition to the Mareva injunction, Indexed developers are filing a class action suit arguing that the exploit was “civil fraud” and are seeking “rescission for misrepresentation or mistake, and/or unjust … [Read more...] about Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
Canada
Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
On Thursday, Fidelity Canada officially launched the Fidelity Advantage Bitcoin exchange-traded fund (ETF) and the Fidelity Advantage Bitcoin ETF Fund (mutual fund), marking the first such assets to be made available in the country and confirming earlier reports on the matter. The funds have the tickers FBTC and FBTC.U, denominated in Canadian and United States dollars, and are … [Read more...] about Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Not waiting around for the SEC, Fidelity will launch a spot Bitcoin ETF in Canada
Fidelity Investments will be launching its spot Bitcoin ETF in Canada this week, according to Eric Balchunas, Senior ETF Analysts at Bloomberg, who broke the news on Twitter.While the US Securities and Exchange Commission (SEC) fends off similar products, the Boston-based multinational financial services corporation will be launching its new Bitcoin spot-based ETF on the … [Read more...] about Not waiting around for the SEC, Fidelity will launch a spot Bitcoin ETF in Canada
Fidelity reportedly launching spot Bitcoin ETF in Canada
It's been a bumpy ride for Bitcoin (BTC) investors. While waiting on the United States Securities and Exchange Commission (SEC) to make their decision about whether or not they will approve a spot Bitcoin exchange-traded fund (ETF), U.S-based investment firm Fidelity Investments is reportedly launching a spot ETF in Canada subject to regulatory approval. According to a tweet … [Read more...] about Fidelity reportedly launching spot Bitcoin ETF in Canada
Canada Needs a Loonie-Linked Digital Currency, Policy Experts Say
Such a feat by the Bank of Canada will require any potential stablecoins to be well designed and regulated to make them attractive to Canadians, Zelmer and Kronick wrote. The digital currency should also be issued in token form, with decentralized technology for settling transactions, allowing Canadians to retain most of the benefits of a paper currency, the authors … [Read more...] about Canada Needs a Loonie-Linked Digital Currency, Policy Experts Say