Category Archives: Blockchain, Crypto, ICOs

EARLY BIRD OPEN: FFCO18: VELOCITY Blockchain, Crypto, Alt Investing Conference (Mar 5-6, Toronto)

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FFCON18: VELOCITY

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Blockchain | Cryptocurrency | Alternative Investing

Join Canada's leading financial technology and funding conference

Building upon three consecutive successful Canadian Crowdfinance Summits (CCS2015-2017), the National Crowdfunding & Fintech Association of Canada (NCFA) is proud to present 2018 Fintech and Funding Conference: VELOCITY (#FFCON18), an expanded 4th Annual of Canada’s leading financial technology and funding conference.

If you are a fintech investor, a company actively raising capital or key decision maker/stakeholder in technology and capital markets innovation initiatives and programs, FFCON18 is a must attend event delivering the most comprehensive thought leadership, education, networks, investment and pitching opportunities to 500+ global participants.

2018 is focused on BLOCKCHAIN, CRYPTOCURRENCY and ALTERNATIVE INVESTING and will be held on March 5-6 in downtown Toronto at the historic Design Exchange and various partner sites: The theme is all about speed, efficiency and reducing friction: VELOCITY.

"VELOCITY" uncovers and celebrates the rising stars and who’s who of fintech, blockchain and alternative finance, connecting high growth entrepreneurs and startups seeking seed and growth capital with venture capitalists, retail and accredited investors and institutional asset managers.

FFCON18 also attracts the industry’s thought leaders and pioneers, investors, technology and infrastructure providers, regulators, government, media and academia for an unforgettable ecosystem-building convergence in the historic Toronto Stock Exchange in the heart of downtown Toronto. The conference features 5 different streams of content, immersive learning and networking over 2 full days, including 50+ speakers, 15+ pitching companies, dozens of workshops, VIP 1x1 meetings and cocktail networking receptions.

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Early Bird before Feb 1:  GET 20% OFF!

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Ontarians and Cryptocurrencies: A First Look

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OSC Get Smarter About Money | Dec 11, 2017

December 11, 2017 – Over the past several months, interest in cryptocurrencies has increased significantly. The Investor Office commissioned a small online survey of Ontarians age 18 and over, carried out in November 2017, as a first step towards learning more about which segments of the Ontario public are purchasing cryptocurrencies, how Ontarians perceive the risks of cryptocurrencies, and some of the reasons why Ontarians either are or are not purchasing cryptocurrencies.

New financial products can help foster the dynamism of our capital markets, but investors should always do their due diligence before purchasing a cryptocurrency or cryptocurrency-related product—fraudsters have tried to capitalize on market interest in cryptocurrencies by creating fake initial coin and token offerings, promising high returns and then walking away with any funds raised.

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The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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Don Tapscott urges ‘sensible’ cryptocurrency regulations

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The Korea Herald - The Investor | Jan 18, 2018

[THE INVESTOR] Blockchain expert Don Tapscott called on the Korean government to take a “smart and sensible” stance while regulating cryptocurrencies, adding heavy-handed moves like an outright ban on initial coin offerings could hinder the development of blockchain technology and “crush and destroy economies for decades.”

“There are two ways the government can regulate cryptocurrencies,” Tapscott told reporters at a press conference held during the “Blockchain Revolution: Convergence with Traditional Economy” forum in Seoul on Jan. 17. “There are heavy-handed regulations by dictators and undemocratic countries that seek to ban cryptocurrencies and ICOs and there are approaches taken by smart democratic countries that want to build an innovative economy.”

“In the case of Korea, it’s not clear which way the country will go. But there is an optimal and correct direction. It’s not that complicated.”

See:  Self-regulation: Is it time?

His recommendation is for governments to benchmark the ICO guidelines set by the US Securities and Exchange Commission, which differentiates between security tokens -- a coin that represents a share in a company -- and tokens that are not.

“Any token sale for security should fall under the securities regulations and be fully transparent, fully regulated,” he said. “But most tokens don’t represent securities. They represent something like loyalty points, carbon credit, future in some software or the monetization of the supply chain or currency. In those cases, it makes no sense to regulate or ban ICO.”

Last year, Korea announced a complete ban on ICOs. Earlier this week, the government indicated it is toying with the idea of shutting down all local cryptocurrency exchanges in a move to stamp out speculation frenzy. Following the news, prices of Bitcoin and other currencies skidded here – the world’s third largest Bitcoin trading country.

Tapscott, co-author of the best-selling book “Blockchain Revolution,” hopes people understand blockchain technology’s capabilities that extend far beyond cryptocurrency trading.

“The real important technology is the underlining blockchain technology that enables people to trust each other to do all kinds of businesses and business models,” he said. “Cryptocurrencies are an important part of this and to inhibit their growth or to deny doing an ICO is very harmful.”

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The National Crowdfunding & Fintech Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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Quebec poised to become bitcoin mining hub as China cracks down on energy-sapping miners

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Global News | By Rahul Kalvapalle | Jan 18, 2018

Hampered by their own government, Chinese bitcoin miners are increasingly looking to Canada to house their lucrative but energy-sapping facilities.

“Currently, there are some so-called ‘mining’ enterprises that produce ‘virtual currencies.’ They have consumed huge amounts of resources and stoked speculation of ‘virtual currencies,'” read a translation of the document, according to Quartz.

Multiple bitcoin miners also told Reuters that local authorities were taking various steps to clamp down on their operations.

That’s prompting them to consider expanding abroad, and it looks like one of their first ports of call might be Quebec.

See: 

Canadians warned of new Bitcoin scam

Bitcoin's gender divide could be a bad sign, experts say

On Wednesday, Montreal-based blockchain consulting entrepreneur and bitcoin evangelist Francis Pouliot pitched bitcoin mining to representatives from the data storage, telecom and power industries at the Greater Montreal & Quebec Data Centre Summit.

He was there on Hydro Quebec‘s invitation.

Why Quebec?

It all comes down to cheap energy.

Hydro Quebec offers some of the lowest electricity rates in North America. The utility says the province has an energy surplus equivalent to 100 terawatt hours over 10 years. A single terawatt hour powers 60,000 homes in Quebec during a year.

“We have the energy available,” Eric Filion, customer vice-president for Hydro Quebec’s distribution division, told Reuters. “It’s a question of finding land and buildings quickly.”

Hydro Quebec wouldn’t divulge the names of miners interested in moving their facilities to the province, but said companies are eyeing operations from about 20 megawatts, the size of a data centre, to sites as large as 300 megawatts.

“Of the world’s top five largest blockchain players, we have at least three or four,” David Vincent, director of business development at Hydro Quebec distribution, told Reuters.

Last week, a spokesman for China-based Bitmain Technologies confirmed that the company was in talks with regional power authorities in Quebec, with an eye towards identifying potential bitcoin mining sites in the province.

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The National Crowdfunding Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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Canadian Startup Equibit Wants to Decentralize the Securities Industry

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Coinsquare | | Jan 13, 2018

Equibit Group is a Canadian blockchain company with plans to decentralize the securities industry.

Formed in 2015, their vision is to create the ultimate registration system for intangible assets, and move the securities industry onto the blockchain. The platform will allow anyone to transfer value without the need for an intermediary. They believe their system will be as valuable to a bank as it is to an individual investor.

Traditionally third parties like custodians are responsible for maintaining complex records for the ownership of securities. Co-founder and CEO Chris Horlacher saw that the blockchain could create a more trustless system which removed the need for third parties while increasing security.

Horlacher became intrigued with Bitcoin after first hearing of it in 2010. At the time a little-known technology while the world recovered from the financial crisis, he saw an opportunity. He saw that the core technology behind Bitcoin could be modified to serve the securities industry.

Real Also:

Chris Horlacher, Chairman; CEO, Equibit Development Corporation, Joins NCFA’s Ambassador Program

Canadian EDCs Blockchain Crowdfund Scores $0.5m In Equibits Cryptocurrency Sales

ENTERPRISE SOLUTIONS

Equibit Group has three apps which allow users to interact with their blockchain in different ways.

EquibitCore allows users to participate in network consensus by running a full node. EquibitCore will soon be pre-released to a select group of miners, who will create the necessary hash power needed to maintain the network. Once completed, the team plans to launch EquibitCore to the public.

They have also developed Equibit Portfolio,  a web-based wallet where users can store their Equibits. Investors can also store securities purchased through the Equibit network in the wallet.

What’s unique about Equibit, though, is that investors can buy and sell securities on the network without the need for a transfer agent.

Equibit Supernode is an app that aims at enterprise solutions. Companies can use Supernodes in many flexible ways, such as creating their own securities-related infrastructures for situations like raising capital or safely managing the assets of clients.

EQUIBIT AND BITCOIN

Equibit is based on the Bitcoin protocol. The company paid homage to this fact when they embedded a news article into the genesis block, which they recently mined. The news article could be viewed by the miners who were pre-selected to run full nodes.

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The National Crowdfunding Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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Payment and Blockchain-leader Diana Adachi joins Pegasus

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Pegasus Fintech Release | Gary Swartz | Jan 15, 2018

TORONTO, January 15, 2018 — Pegasus Fintech, Inc. today announced that payment and blockchain-leader Diana Adachi has been selected as the company’s new chief executive officer. Pegasus Fintech is a full-service blockchain, technology and token accelerator that supports regulatory compliant Public Initial BlockChain Offerings (PIBCOs).

“We are honored to have Diana Adachi join our team. Diana is not only recognized as a leader in blockchain solutioning globally but also brings deep payment and banking acumen to the company,” said David Lucatch, Chair of Pegasus Fintech.

“I am excited to work with Pegasus to support its world-class blockchain technology consultancy and PIBCO token acceleration services,” said Diana Adachi.

Ms. Adachi served as a Global Blockchain Solutions Lead with Accenture in the San Francisco Bay Area. Diana was responsible for exploring key opportunities using Blockchain and distributed ledgers with the company’s G1000 clients.

Ms. Adachi has co-authored various papers on the subject and was recently recognized as one of PaymentSource’s Most Influential Women in Payments, 2017 for her work in Blockchain. Recent papers include:

  • Blockchain Technology – How Banks Are Working to Build the Foundation of the World’s First Real-Time Global Payment Network
  • Business Case Assessment on Distributed Ledger Technology For Cross Border Payments
  • Blockchain as a Solution for Reducing Insurance Fraud and Abuse in Hong Kong
  • Blockchain Disruption in Digital Rights and Entitlements

Prior to Accenture, Diana was the President of a global IT services company with offices in India, the UK, Canada, and the US. She spearheaded the company’s transformation from an IT services provider to an electronic payments specialist, doubling revenues and tripling the company’s stock value.

Clients included Visa Inc., Visa Europe, and First Data. Though based in Silicon Valley, Diana was featured in an issue of Dataquest as one of the top IT women in India.

See:  Global Payout’s MoneyTrac Technology, Inc. Partners with Innovative Blockchain and Token Accelerator Pegasus Fintech, Inc. for Joint Development of Cryptocurrency-Based Token

As an entrepreneur, Ms. Adachi co-founded two successful businesses. She evangelized the Web with Viewz, an e-commerce development company and provided tech firms with strategic marketing services through Nextech.

Ms. Adachi is active in both the academic and business communities; she is a member of Stanford’s CodeX Blockchain Group and she sits on the Advisory board of Global ID and Invent Your Future in Silicon Valley. Diana also served on the Advisory Board for the University of Toronto and is a recipient of the President’s Arbor Award.

Ms. Adachi holds a Bachelor of Science degree from the University of Toronto.

About Pegasus Fintech, Inc. – www.pegasusfintech.com

Pegasus Fintech, Inc. is a Blockchain and Token Accelerator that focuses on supporting innovative solutions in the Financial Services, Technology, Blockchain and Cryptocurrency communities. Pegasus’ Accelerator program deploys a team of highly skilled industry, marketing, legal and financial specialists that provide evaluation, management, marketing programs, resources and tools to affect the growth of the business and create and execute the Blockchain and regulatory compliant, security-based Token programs. Pegasus supports client initiatives with investment banking, private equity and the democratized investment community.

Source:  Release

For more information please contact:

Gary Schwartz

Managing Director
Pegasus Fintech
gary.schwartz@pegasusfintech.com
416 505-7410

 


The National Crowdfunding Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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No joke: KFC Canada starts accepting Bitcoin for a bucket of chicken, immediately sells out

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Financial Post | Hollie Shaw | Jan 12, 2018

Many commenters on the Facebook post appeared to regard the promotion as a joke

TORONTO — A professed failure to understand Bitcoin has not deterred KFC Canada from accepting the cryptocurrency as payment for a bucket of fried chicken.

A limited-time marketing promotion for a “Bitcoin Bucket” was launched Thursday afternoon by the quick-serve restaurant chain — so limited, in fact, that it appeared to sell out of the ten-piece chicken buckets entirely between 10 a.m. and 11 a.m. ET on Friday.

“Sure, we don’t know exactly what Bitcoins are, or how they work, but that shouldn’t come between you and some finger lickin’ good chicken,”

the company said in a posting on its Canadian Facebook page that featured a live tracker of the virtual currency’s value superimposed on a bucket of chicken.

See:  [CCS2018 March 5-6, Toronto]: NEW GROWTH Blockchain, Fintech & Funding Conference and Expo

For a Bitcoin payment worth the equivalent of $20, a customer could order a bucket of 10 chicken tenders, with waffle fries, a side dish, gravy and two dips. The post provides a link to a digital ordering hub that allowed users to make a payment using the Bitcoin payment service provider BitPay.

Many commenters on the Facebook post appeared to regard the promotion as a joke.

“$20 bucket today, $5 bucket tomorrow, $200 bucket next week,” wrote Nathan Hudson, alluding to the cryptocurrency’s volatility.

Others noted the cost of the bucket would come out to about $40 due to a $20 transaction fee.

The promotion is also highlighted on Twitter, where KFC Canada alluded to Bitcoin’s alleged founder, Satoshi Nakamoto, a pseudonym for one or several unknown individuals who launched the virtual currency. “If Satoshi reveals his true identity, his bucket is on us,” KFC said.

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The National Crowdfunding Association of Canada (NCFA Canada) is a national non-profit actively engaged with social and investment crowdfunding, alternative finance, fintech, peer-to-peer (P2P), initial coin offerings (ICO), and online investing stakeholders across the country. NCFA Canada provides education, research, industry stewardship, networking opportunities and services to thousands of community members and works closely with industry, government, academia and eco-system partners and affiliates to create a vibrant and innovative fintech and online financing industry in Canada.  For more information, please visit: www.ncfacanada.org

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