NCFAs 6th Annual Summer Kickoff Rooftop Patio Mixer July 14

5 years of Token Sales Visualized in One Graphic


NCFA Jan 2018 resize - 5 years of Token Sales Visualized in One Graphic The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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World Bank Group | Jul 5, 2022 The benefits of financial inclusion have spurred efforts to expand account ownership and productive usage. Since 2011, the Global Findex survey has documented growth—at times incremental and at times dramatic—in account ownership across more than 140 economies. The Global Findex 2021 survey was conducted during the COVID-19 pandemic—a crisis that further mobilized financial inclusion efforts across the world. This and other factors have contributed to the following key findings: Worldwide, account ownership has reached 76 percent of adults—and 71 percent of adults in developing economies. Receiving payments into an account is a catalyst for using other financial services, such as relying on an account to save, borrow, and store money for cash management. Mobile money has become an important enabler of financial inclusion in Sub-Saharan Africa—especially for women—as a driver of account ownership and of account usage through mobile payments, saving, and borrowing. See:  Board Diversity and Inclusion: 50-30 Challenge COVID-19 catalyzed growth in the use of digital payments. Despite promising growth in account ownership and use, only about half of adults in developing economies could access extra funds within 30 days if faced with an unexpected expense, and about half of adults ...
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unbanked population map - 5 years of Token Sales Visualized in One Graphic
FINTRAC | Laura Colella | July 5, 2022 The recent amendments to the Proceeds of Crime (Money Laundering) and Terrorist Financing Regulations (PCMLTFR) and the Proceeds of Crime (Money Laundering) and Terrorist Financing Administrative Monetary Penalties (PCMLTFAMP) Regulations now cover crowdfunding platforms as money services businesses (MSBs) or foreign money services businesses (FMSBs) under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Businesses engaged in crowdfunding platform services now have the following obligations: Register with FINTRAC Develop and maintain a compliance program Carry out know your client requirements, including verifying the identity of persons and entities for certain activities and transactions Keep certain records, including records related to transactions and client identification Report certain transactions to FINTRAC EVENT DATES and HOW TO REGISTER July 19, 2022 at 2 p.m. (English presentation) July 21, 2022 at 2 p.m. (French presentation) Virtual format To register or ask questions, please confirm your virtual attendance by emailing your RSVP to:  guidelines-lignesdirectrices@fintrac-canafe.gc.ca Don't forget to specify English or French and/or the date you with to attend.  A meeting link will be sent a day before the presentation Download PDF Agenda for more details --> here You may like to read: NCFA Response to ...
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Fintrac - 5 years of Token Sales Visualized in One Graphic
BeINCrypto | David Thomas and Kyle Baird | Jul 4, 2022 Binance CEO Changpeng “CZ” Zhao sounded the alarm on a massive data leak of one billion Chinese residents that went up for sale on the dark web. Twenty-three terabytes of data containing names, addresses, birthplaces, national IDs, phone numbers, and criminal case information was reportedly stolen from a police station database in Shanghai, China. The hacker offered the information on a dark web forum for ten bitcoins. CZ took to Twitter on July 3 to announce that Binance threat intelligence had discovered resident records for sale on the dark web, without mentioning the country. He attributed the data breach to a bug in a government agency’s software using an “Elasticsearch” algorithm.  CZ explained that the compromised data had implications for Binance users since the data in question could be used to take over accounts. CZ added that Binance uses internal and outsourced threat detection. Elasticsearch is used to quickly search through massive data sets and return answers in milliseconds (and could include corporate or government entity, data from social media posts to emails to company spreadsheets). While this makes for easy access to a wealth of enterprise information, it ...
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Chinese data breach - 5 years of Token Sales Visualized in One Graphic
The Verge | Corin Faife | Jun 21, 2022 Last week, Coin Center filed a legal challenge in the United States District Court for the Eastern District of Kentucky, naming as defendants Janet Yellen as a representative of the Treasury Department, IRS commissioner Charles Rettig, and US attorney general Merrick Garland on behalf of the government as a whole. A blog post from the advocacy group says that the legal complaint aims to overturn “unconstitutional financial surveillance.” If Coin Center’s challenge is successful, it could have implications far beyond cryptocurrency due to how the reporting law was passed in the first place. See:  NCFA Response to FINTRAC’s ‘Knee Jerk’ Regulations Requiring Donation Crowdfunding Platforms to Register and Comply with AML/ATF Legislation The authors, Coin Center executive director Jerry Brito and research director Peter Van Valkenburgh, write: Our suit leads with two major claims: (1) forcing ordinary people to collect highly intrusive information about other ordinary people, and report it to the government without a warrant, is unconstitutional under the Fourth Amendment; and (2) demanding that politically active organizations create and report lists of their donors’ names and identifying information to the government is unconstitutional under the First Amendment. When the ...
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bitcoin and the treasury department - 5 years of Token Sales Visualized in One Graphic
Fortune | Olga Kharif | Jul 1, 2022 The remainder of the cryptocurrency project that Meta Platforms Inc.’s Founder Mark Zuckerberg took a beating over from Congress is officially shutting down. Meta’s Novi pilot—a money-transfer service using the company’s own cryptocurrency digital wallet—will end on Sept. 1, the service said on its website, a link to which it texted to its users. Meta launched Novi pilot in October of last year amid scaled back ambitions to dominate the crypto remittances space. Instead of a new Diem token Meta once backed, Novi ended up using Paxos Trust Co.’s USDP stablecoin to allow wallet users from parts of the U.S. and Guatemala to conduct transactions. Starting July 21, users will no longer be able to add money to their accounts [advising users to withdraw their balance] as soon as possible. Users won’t be able to access their transaction history or other data after the pilot ends. See:  Meta to Start Testing NFTs on Instagram (Facebook and Other Apps To Follow) Leverage Novi's technology The company does plan to use Novi’s technology in future products, such as in its metaverse project, a company spokesperson said in an email.  While scaling back this effort, ...
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Metas Novi pilot shutting down - 5 years of Token Sales Visualized in One Graphic
The Tyee | Christopher Cheung  | Mar 15, 2022 Where did support for the Canada’s convoy protests come from? Thanks to a data leak, we have a rough idea. The so-called “Freedom Convoy” began in B.C.’s Lower Mainland and traversed the country before converging in Ottawa on Jan. 29. The protests attracted people with a broad mix of views, including anti-vaccine, anti-lockdown and anti-government sentiments. At first, convoy organizers used the crowdfunding website GoFundMe to collect donations. But after police reports of violence by protesters in Ottawa, the website decided to stop hosting the cause. Organizers then migrated fundraising efforts to GiveSendGo, which describes itself as “The No. 1 Free Christian Fundraising Site.” See:  NCFA Response to FINTRAC’s ‘Knee Jerk’ Regulations Requiring Donation Crowdfunding Platforms to Register and Comply with AML/ATF Legislation Leaked Data GiveSendGo accepted donations from Feb. 1 to 10 before hackers illegally targeted the site and leaked donor data online. The hackers did not steal any donations. The leaked data contains donors’ full names, email addresses, postal codes, donation amounts, methods of payment and personal comments. It does not contain credit card information. Based on the postal codes, we are able to map where convoy donations came ...
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GiveSendGo donations by country - 5 years of Token Sales Visualized in One Graphic
SolidBlock | Miriam Green | Jun 9, 2022 SolidBlock is making history by being the first company to offer NFTs as a booking tool for the hotel industry in the United States. Launched in May 2022, NFTstays is a reservation system that enables hotels to increase their revenue and occupancy rates by tapping into the lucrative NFT market and allowing guests to book their stays with NFTs. When hotels work with NFTstays, they mint a specific number of NFTs that include a package deal of night stays and exclusive perks and benefits. The platform uses blockchain technology and creates a new way to grow brand awareness and expand publicity for hotels. Specifically, this technology removes the difficulty of compensating guests for unused rooms by giving guests the ability to resell with ease the NFTs with their reserved night stays. See:  FFCON20 Week 8 Fintech Draft Finals: Congratulations to the Winners! SolidBlock and DivDot The hotel’s collection of NFTs is currently housed on the OpenSea platform and will soon be added to more NFT marketplaces. The NFTs each contain unique art and photos of the hotel and are redeemed using the hotel’s existing booking system, making it easy for hotels to ...
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solidblock NFT stays - 5 years of Token Sales Visualized in One Graphic
The Guardian | Dan Milmo  | Jul 1, 2022 The EU has moved to rein in the “wild west” of crypto assets by agreeing a groundbreaking set of rules for the sector, adding to pressure on the UK and US to act too. Representatives from the European parliament and EU states inked an agreement on Thursday that contains measures to guard against market abuse and manipulation, and require that crypto firms provide details of the environmental impact of their assets. “Today, we put order in the wild west of crypto assets and set clear rules for a harmonised market,” said Stefan Berger, the German MEP who led negotiations on behalf of the parliament.  The recent fall in the value of digital currencies shows us how highly risky and speculative they are and that it is fundamental to act. The European parliament’s markets in crypto assets (MiCA) law is expected to come into force at the end of 2023. Globally, crypto assets are largely unregulated, with national operators in the EU required only to show controls for combating money laundering. See:  A European approach to DeFi regulation MiCA will be the world’s first comprehensive regime for crypto assets and will contain ...
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EU MiCA rules 1 - 5 years of Token Sales Visualized in One Graphic
Jul 4, 2022 Most people consider rental properties to be a form of passive income. In its very essence, it is, yet it is not as simple as buying a place and putting it aside for the time being. Once you find a suitable place that will make a good rental property to buy, there is a whole list of tasks and responsibilities that you need to do that will make your rental property a good investment. Some of the things you will have to manage include tenants, finances, and the property itself. Regardless of whether you decide to manage the rental property on your own or hire a rental property manager to run the business on your behalf, you need to make sure that everything works. So, here are a couple of things you should know about managing a rental property. What Are the Key Responsibilities of Managing Rental Properties?  In its very essence, there are three main categories to be distinguished, each of which plays a critical role in running this type of real estate business. The main responsibilities of landlords include: managing tenants managing finances managing the property In this case, tenants play the main role in ...
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Colourful houses - 5 years of Token Sales Visualized in One Graphic
The Verge | Emma Roth | Jul 2, 2022 Cryptocurrency hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy in a bid to protect its US assets from creditors in the country, as reported earlier by Bloomberg and CNBC. Representatives for the Singapore-based company made the filing in a Southern District New York court on Friday, which legally protects the US assets of insolvent foreign debtors from creditors in the US. Founded in 2012 by Kyle Davis and Su Zhu, 3AC managed about $10 billion in assets as recently as March, later sinking to $3 billion in April. See:  Justin Hartzman: Unveiling the Celsius and 3 Arrows Capital implosions Like several other crypto firms, including the lending giants Celcius and Babel Finance, 3AC’s turn in fortunes is part of the so-called crypto “winter” that’s brought down stablecoins and sent Bitcoin’s value plunging. Earlier this week, reports emerged that 3AC failed to pay a $670 million loan provided by crypto broker Voyager Digital, which has since halted all trades, deposits, and withdrawals as a result. Sky News later reported that a court in the British Virgin Islands has ordered 3AC’s liquidation and that the firm is reportedly working with ...
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crypto in flames - 5 years of Token Sales Visualized in One Graphic