Arxnovum files Bitcoin ETF application with Canadian securities regulators

Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to a preliminary long form prospectus, Arxnovum plans to list its new Bitcoin ETF on the Toronto Stock Exchange. The listing is subject to the approval of the TSX in accordance with its original listing requirements. “The TSX has not conditionally approved the listing application of the…

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Canadian Public Company Dumps Ethereum and Monero for Bitcoin

A Canadian publicly held company has liquidated all of its ethereum and monero holdings and put all of the proceeds into bitcoin. The company is led by a well-known poker player and former member of the European Parliament. Cypherpunk Dumps Monero and Ethereum for Bitcoin Cypherpunk Holdings, a Toronto-headquartered company listed on the Canadian Securities Exchange (CSE), announced Thursday that it has increased its bitcoin holdings to 276.479 bitcoins. At the current price, the company now holds about $5 million USD in bitcoin. Cypherpunk Holdings added that this is a…

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Canadian Weatherman Frankie MacDonald Is Bullish on Bitcoin

Frankie MacDonald, an amateur meteorologist based in Nova Scotia, has recently been using his platform to talk up Bitcoin in his charismatic voice. In a series of tweets beginning Aug. 8, MacDonald posted videos stating his views on the cryptocurrency to his 118,500 followers. The Canadian weatherman said that Bitcoin (BTC) is “worth more than American dollars,” taking viewers through the numbers if they owned anywhere from 1 BTC — $12,007 as of press time — to 10 million BTC, or over $160 billion at the time. New Bitcoin meme…

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Galaxy Digital Secures Listing on Top Canadian Stock Exchange via Sandbox

Crypto venture capital firm and trading desk, Galaxy Digital Holdings, has been granted conditional approval to participate in the Toronto Stock Exchange’s TSX Sandbox. Announced during April last year, TSX’s sandbox offers a testing ground for new policy development, and an initiative intended to facilitate support for listing applications “that may not generally satisfy the requirements and guidelines of TSX.” Galaxy will graduate from the sandbox onto TSX after 12 months of trading without the occurrence of “a significant compliance issue.” Galaxy Digital enters TSX Sandbox Galaxy Digital founder and…

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Top 50 Canadian Co-op Streamlines Supply Chain with Blockchain Tech

Federated Co-operatives Limited, or FCL, one of Canada’s 50-largest companies, has partnered with blockchain-based supply chain middleware platform, Morpheus.Network. FCL plans to integrate distributed ledger technology, or DLT, based tracking. This will be deployed across its diverse supply chain, encompassing 1,400 businesses across Western Canada and employs over 23,000 workers. Major Canadian co-operative embraces blockchain The firms have inked a three-year deal that will see Morpheus.Network provide optical character recognition, machine learning, and blockchain technologies to streamline FCL’s complex supply chain.  FCL is a wholesaling, manufacturing, marketing, and administrative co-operative…

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Bull Bitcoin Announces Canadian Dollar Payments on Liquid Through L-CAD – Bitcoin Magazine

Bull Bitcoin, a Canada-based Bitcoin exchange, has announced that it has developed Liquid CAD (L-CAD), a non-custodial, prepaid voucher denominated in Canadian dollars, issued on the Liquid network. In a post on Medium, CEO Francis Pouliot highlights that this product is meant to accelerate the adoption of bitcoin by Canadians. Each L-CAD is purchased with Canadian dollars that then enter a closed-loop system designed to eventually convert into Bitcoin. Bull Bitcoin is not providing a way to redeem L-CAD back to fiat dollars, but acknowledges that they cannot prevent L-CAD…

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