Canada – See the Reality

Canadian cryptocurrency alternate Bitvo cuts withdrawal charges by 50%

Seethereality — Thu, 01 Jun 2023 11:32:33 +0000

A number of cryptocurrency exchanges have introduced their withdrawal from the Canadian cryptocurrency market, citing Canadian rules.
Bitvo goals to capitalize on the hole available in the market created by exiting cryptocurrency exchanges.
The diminished withdrawal price is efficient from right this moment, 2023. June 1

Canada-based cryptocurrency Bitvo Inc (Bitvo) introduced right this moment that beginning in 2023, June 1 reduces the withdrawal price by 50% for brand new and present clients. The 50% low cost might be legitimate till 2023. August 31

Bitvo’s transfer brings aid to crypto traders in Canada, as many crypto exchanges and buying and selling platforms announce they’re leaving the nation attributable to their incapacity or unwillingness to adjust to Canadian crypto rules. The newest crypto alternate to announce its exit from Canada was Bybit following Binance’s exit.

Bitvo registration in Canada

Bitvo is a FINTRAC registered Cash Providers Enterprise (MSB) and is registered as a Restricted Supplier with Securities Commissions in all Canadian provinces and territories.

The press launch saying the 50% diminished withdrawal price states:

“At Bitvo, we’re absolutely dedicated to the Canadian market and serving Canadians. We’re proud to offer our shoppers with a protected, safe and easy-to-use platform that has stood the check of time, established in 2018 in bull and bear markets and proactively compliant with Canadian rules.

Bitvo Inc. affords a cryptocurrency buying and selling platform that facilitates the shopping for and promoting of cryptocurrencies via cellular purposes and its web site. It has launched a number of initiatives together with Bitvo Money Card, Bitvo Identical Day Assure and technical evaluation instruments to make cryptocurrency transactions straightforward and environment friendly.

Bybit proclaims withdrawal from the Canadian market

Seethereality — Tue, 30 May 2023 21:48:51 +0000

From Could 31 Bybit is not going to settle for new account functions from Canadian residents and residents.
Current clients have till July 31, after which they’ll solely have the ability to withdraw funds.
All open positions after 2023 September 30 will probably be liquidated, in keeping with the inventory change announcement.

Cryptocurrency change Bybit is pulling out of the Canadian market, in keeping with an announcement on Tuesday, Could 30.

The change famous that the choice to withdraw from Canada was made because of latest regulatory adjustments. Bybit stated that whereas her “main purpose” has all the time been to adjust to all native guidelines and rules, the choice to depart was needed, even when troublesome.

As such, Bybit is suspending its actions and merchandise within the Canadian market beginning in 2023. Could 31

There are not any new accounts for Canadian residents

As of Wednesday, Could thirty first, Bybit will not settle for account opening functions from new customers who’re decided to be from Canada. The restriction applies to all present Canadian residents, the change famous.

Current Canadian clients will have the ability to use the platform till July 31, once they may even be restricted from making new deposits or getting into into new contracts. Bybit may even stop them from rising their present positions in all services legitimate on that day. Nevertheless, clients will nonetheless have the ability to withdraw funds or cut back present positions.

General, Canadian clients have till 2023. September 30 8 o’clock UTC. Any remaining margin or by-product positions after this date will probably be liquidated and funds will probably be accessible for withdrawal.

A number of cryptocurrency firms have pulled out of Canada

Bybit’s withdrawal from Canada comes a day after the change introduced it had acquired “in-principle” approval to broaden its operations to Kazakhstan.

Notably, the information additionally comes weeks after Binance, the world’s largest cryptocurrency change by buying and selling quantity, pulled out of Canada. Binance reportedly cited new adjustments in Canadian regulators’ cryptocurrency tips as the explanation for its resolution.

Since February, when the Canadian Securities Administration (CSA) formalized new necessities for crypto change operators, a number of suppliers have pulled out. As CoinJournal additionally identified right here, these are OKX, dYdX and Paxos.

Century Casinos Inc. to promote 4 property to VICI Properties

Seethereality — Fri, 19 May 2023 18:56:14 +0000

VICI Properties, Inc., a New York-based actual property funding belief, introduced on Could 17 that it has entered right into a definitive settlement to buy the properties of Century On line casino & Resort Edmonton, Century On line casino St. Albert and Century Mile Racecourse. introduced that it had signed The Edmonton, Alberta on line casino and the Century Downs racetrack and on line casino in Calgary, Alberta, often known as the Century Canadian Portfolio, have been acquired from Colorado-based Century Casinos, Inc. in mixture money of C$221.7 million (C$164.7 million). US {dollars}). .

Including Belongings to Century Grasp Lease:

Upon closing of the transaction, the Century Canadian Portfolio might be added to an present triple-net grasp lease settlement between VICI Properties and Century, known as the Century Grasp Lease, with an annual hire of C$17.3 million ( US$12.8 million). ), which represents a default takeover capital ratio of seven.8%. As well as, property-level hire protection beneath the Century Grasp Lease, contingent on pending purchases of the Rocky Hole On line casino Resort and Century Canadian Portfolio, is projected to be roughly 2.0x. Moreover, the transaction is anticipated to grow to be efficient for VICI upon formal completion.

The time period of the Century Grasp Lease might be prolonged, and upon completion of the transaction, the preliminary base lease time period might be 15 years with 4 five-year tenant renewal choices. Nonetheless, the lessee’s legal responsibility beneath the Century Grasp Lease will proceed to be assured by Century Casinos. On this regard, John Payne, President and Chief Working Officer of VICI Properties, mentioned: “We’re thrilled to announce our third worldwide funding to accumulate 4 of Century’s Canadian on line casino property. It demonstrates our confidence within the gaming market, and we’re happy to proceed to increase our partnership with Century by supporting their asset monetization technique and unlocking worth that drives their strategic development initiatives.”

Nonetheless, the transaction is topic to customary regulatory approvals and satisfaction of closing circumstances and is anticipated to be formally closed within the second half of 2023. For extra data on the transaction, VICI has printed a transaction overview presentation, which will be discovered on the corporate’s web site beneath “For Buyers.” It’s situated within the part of the menu referred to as “Occasions and Displays”.

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VICI Properties, Inc., headquartered in New York, is a seasoned actual property funding belief that owns the biggest portfolio of market-leading gaming, hospitality and leisure properties, together with Caesars Palace Las Vegas, Harrah’s Las Vegas and The Venetian Resort Las Vegas. He’s certainly one of Las Vegas’ most iconic leisure venues.

MarketAcross has been chosen because the official media companion of the Blockchain Futurists Convention

Seethereality — Mon, 15 May 2023 14:05:36 +0000

The Blockchain Futurist Convention, Canada’s preeminent annual cryptocurrency occasion, has chosen MarketAcross as its official world media companion. MarketAcross is the world’s finest blockchain PR and advertising firm. Below the settlement, MarketAcross will take over pre- and post-event advertising initiatives, choose high-profile audio system and use its in depth community to advertise the occasion globally.

in 2023 15 and 16 In Toronto, Canada, the fifth Blockchain Futuristic Convention will happen over two days on the Insurgent Leisure Advanced and the Cabana Pool Bar. The occasion is organized by the well-known blockchain occasion enterprise “Untraceable”, which has been bringing collectively the highest personalities and firms within the area of cryptocurrencies for greater than ten years.

The Blockchain Futurist Convention, the biggest and longest-running cryptocurrency and Web3 occasion in Canada, is anticipated to draw greater than 6,500 individuals and greater than 150 high-profile audio system to debate the most recent tendencies, improvements and developments within the sector. Anybody lively within the North American crypto business is a must-attend convention that options three levels, two exhibit flooring, a number of blockchain boot faculties, developer hackathons, NFT galleries, crypto marketplaces, and networking occasions.

The Blockchain Futurists Convention will characteristic a wide range of exhibitions, panel discussions and workshops, along with among the most distinguished names within the cryptocurrency sector. Ethereum founders Charles Hoskinson and Cardano, in addition to Bitcoin fanatic and Bitcoin.com founder Roger Ver, have beforehand spoken on the occasion.

In its idea, the Blockchain Futurist Convention permits all attendees to pay for all their wants utilizing cryptocurrency, together with occasion tickets. Together with Bitcoin ATMs, NFT entry playing cards, and even cryptocurrency helicopter flights, there will likely be a number of road distributors, meals vans, and leisure stations that each one settle for crypto.

There’s nonetheless time for crypto builders, enterprise house owners and NFT artists to take part as sponsors, audio system, exhibitors and media companions. Tickets at the moment are obtainable at futuristconference.com.

Binance broadcasts withdrawal from Canada

Seethereality — Fri, 12 May 2023 22:08:08 +0000

Binance says it’s not doable to proceed working within the nation as a result of new stablecoin tips.
The brand new guidelines require exchanges to acquire approval earlier than permitting prospects to purchase or deposit stablecoins.
The change says it should proceed to cooperate with regulators even when it disagrees with the brand new tips.

Binance, the world’s largest cryptocurrency change by buying and selling quantity, has introduced its exit from Canada.

The cryptocurrency platform revealed its transfer on Friday, noting that the choice was made resulting from new tips that made the Canadian market “not appropriate” for its operations.

“We had excessive hopes for the remainder of the Canadian blockchain trade. Sadly, resulting from new tips relating to stablecoins and investor limits for cryptocurrency exchanges, the Canadian market is presently unavailable on Binance.“, mentioned the inventory change a in a tweet assertion.

The cryptocurrency change big mentioned it “postponed this determination till (it) might discover different affordable methods to guard (its) Canadian customers.” However it joins different platforms in exiting the market following the newest regulatory transfer.

“Whereas we disagree with the brand new tips, we stay up for persevering with to work with Canadian regulators to develop a considerate, complete regulatory framework.Binance wrote.

The query of regulatory readability

Binance is a significant participant within the cryptocurrency trade that has sought regulatory approval in lots of the jurisdictions the place it presents its companies. It has additionally been one of many main advocates for larger regulatory readability all over the world.

However its determination to drag out of Canada comes months after the Canadian Securities Directors (CSA) introduced new tips for stablecoins.

February. the communiqué requested cryptocurrency buying and selling platforms working within the nation to acquire approval earlier than permitting prospects to make use of stablecoins on their platforms. This included shopping for or depositing stablecoins, a requirement that meant additional due diligence checks as regulatory scrutiny tightened.

The Canadian province of New Brunswick has been with out energy to cryptocurrency miners for months

Seethereality — Tue, 02 May 2023 22:25:01 +0000

New Brunswick’s most important vitality firm in 2022 started stopping cryptocurrency miners and different large-scale customers from submitting energy purposes, Could 1.

The cupboard order approving the moratorium involved the province’s most important energy utility. NB Energy has expressed concern about “additional load demand” and warned that cryptocurrency mining might put “important strain” on energy provides.

It is unclear when precisely the moratorium on cryptocurrency miners’ entry to vitality started, because the coverage appeared to have gone unnoticed till the most recent CBC report.

Nonetheless, in 2022 March. The New Brunswick provincial authorities authorized the moratorium, and a latest CBC report signifies the coverage stays in place.

The New Brunswick authorities has additionally ordered a overview of the cryptocurrency sector and its affect on vitality provides. This order stays personal, however was as a consequence of be executed in 2022. December. and was supposed to make sure that the restrictions didn’t proceed to have an effect on non-crypto companies.

The moratorium comes shortly after cryptocurrency mining firm Taal Distributed Data Applied sciences introduced its intention to start out operations in New Brunswick. One other firm, Hive Blockchain Applied sciences, already operates within the province.

Different Canadian provinces, together with British Columbia, Manitoba and Quebec, have applied related moratoriums. Within the US, North Carolina and New York have imposed restrictions. This coverage might or might not stay in impact.

The Canadian province of New Brunswick has been with out energy to cryptocurrency miners for months, seethereality first reported.

Canada’s sixth largest industrial financial institution has acquired a stake in MicroStrategy

Seethereality — Thu, 13 Apr 2023 20:54:13 +0000

Nationwide Financial institution of Canada raised its stake in shares of MicroStrategy by 8.8% throughout the first quarter, in accordance with its most up-to-date Kind 13F-HR submitting.

Shares of economic financial institution MicroStrategy rose to 1,768 on March 31, in accordance with the submitting. was $516,822, up 8.8% from $1,625 on January 24.

The acquired monetary establishment joins an extended listing of conventional corporations making a Bitcoin (BTC) play with MicroStrategy shares.

Though MicroStrategy is a enterprise intelligence agency, it has established itself as a big holder of flagship digital property by a frenzy of acquisitions.

Conventional corporations are piling up MicroStrategy inventory

Now there are a number of corporations and hedge funds get BTC publicity by MSTR shares. This consists of monetary giants equivalent to Constancy, BlackRock and Financial institution of America. These corporations throughout the first 12 months of 2023 bought greater than 75 million USD MicroStrategy shares.

Financial institution of America purchased 226,506 shares of MicroStrategy throughout the interval, whereas Constancy and BlackRock purchased 96,800 shares and 10,800 shares of MSTR, respectively.

Different main funding corporations are additionally weighing in on the corporate’s inventory, with The Vanguard Group and Capital Analysis every shopping for 28,000 and 154,100 shares respectively. Vanguard Group is likely one of the firm’s largest shareholders with 905,164 (9.44%) shares.

Proprietary buying and selling firm Group One Buying and selling as effectively revealed in his assertion that he selected the choice to purchase 1.3 mln. Shares of MicroStrategy.

MicroStrategy’s BTC guess turns optimistic

In the meantime, MicroStrategy’s BTC stake turned worthwhile for the primary time in months after the benchmark digital asset climbed above $30,000.

In response to the accessible knowledge, the corporate spent about 4.17 billion. USD to buy almost 140,000 BTC. The worth of those shares on April 12 rose to greater than 4.21 billion

Nonetheless, cryptocurrency hedge fund founder Hal Press highlighted the risks of MicroStrategy’s BTC method. In response to Press, the agency’s BTC acquisition mannequin is unsustainable as a result of “each Saylor coin must be bought.”

Press proceed described Bitcoin acquisition technique as comically silly.

In the meantime, the criticism hasn’t deterred the corporate or its founder Michael Saylor from selling the digital asset.

MSTR is buying and selling at $344, up greater than 6% in the present day. Its annual result’s a optimistic 142%.

Bragg Gaming and Microgame Partnership for Italian Market

Seethereality — Thu, 13 Apr 2023 11:13:07 +0000

Bragg Gaming, a supplier of content-based iGaming know-how primarily based in Toronto, Canada, has signed a profitable take care of Italian flagship on-line playing joint inventory Microgame, following its latest partnership with Grand On line casino Basel. The deal contains the official integration of Bragg’s, Bragg’s Atomic Slot Lab and Indigo Magic Studio’s most distinguished and upcoming on line casino recreation titles into his Microgame platform.

Partnership objectives:

With this partnership, Bragg expands its presence in Italy, presenting Microgame with 30 of probably the most well-known on line casino recreation titles and a brand new sequence, introducing a complete new viewers to the newest content material, licensed completely for the Italian market. I need to The corporate and its variety of video games from his Indigo Magic Studio and Atomic Slot Lab shall be revealed on his Microgame platform within the coming months.

Italy was the primary main nation in continental Europe to formally regulate on-line playing in 2006 and the second within the continent with on line casino revenues projected at US$2.4 billion in 2023, in response to estimates by H2 Playing Capital. As a big regulated on-line market, this partnership represents a significant step ahead. For Bragg, comply with growth into a number of main markets resembling UK, Netherlands, North America, Germany, Czech Republic and Switzerland.

Commenting on the partnership, Bragg President and Chief Working Officer Lara Falzon mentioned:“The growth into Italy is one other testomony to the success of our initiative to grow to be a supplier of thrilling and player-engaging content material to the world’s largest regulated on-line gaming market, the second largest in Europe. We’re excited to function unique content material as a key recreation in our first content material supply for the net market.

“Partnering with Microgame, one in all Italy’s largest B2B suppliers, will give us entry to lots of the nation’s main operators, permitting us to succeed in a wider native viewers from the beginning. For Italian gamers. We’re happy to additional broaden our presence in Europe by introducing premium content material to .

In the meantime, Microgame will take pleasure in recognition by combining its personal portfolio with a brand new distinctive portfolio created by Bragg that’s totally custom-made and tailor-made to its wants and expectations. grow to be extra well-known everywhere in the world. It additionally will increase participant dedication by including new unseen content material to his portfolio of video games.

Microgame CEO Marco Castaldo added: “We’re delighted to accomplice with Bragg to carry prime quality content material to our gamers in Italy. It is one other essential step in

virtually:

As a supplier of iGaming know-how, Bragg Gaming Group affords recreation operators distinctive proprietary content material and cutting-edge technological achievements. Bragg Studios affords rigorously crafted on line casino video games, most popular by many respected home and on-line operators for his or her excessive efficiency and distinctive themes.

With over 20 years of expertise, Microgame is Italy’s main gaming service supplier, providing a complete and versatile on-line on line casino and wagering platform, powering lots of the nation’s prime on-line on line casino manufacturers.

Bragg and Grand On line casino Basel partnership for the Swiss market

Seethereality — Wed, 29 Mar 2023 03:46:30 +0000

Bragg Gaming, a supplier of content-based iGaming expertise based mostly in Toronto, Canada, has signed a fruitful take care of Swiss-based Grand On line casino Basel. The deal contains the official integration of his Bragg’s newest content material, together with content material from Powered By Bragg companions of Golden Grand, Grand On line casino’s on-line model.

However that is not all. The partnership represents his Bragg partnership with the fifth Swiss operator.

Union objectives:

With this partnership, Bragg hopes to strengthen its presence in Switzerland and introduce its newest and most modern content material to an entire new viewers.

An instance of a developer’s most well-known slot hosted on Grand On line casino’s Golden Grand platform is an unique title from Atomic Slot Lab’s Fairy Mud and Powered By Bragg companions.

Content material shared with the Golden Grand model is already extensively recognized to nationwide audiences because the supplier formally debuts on the Swiss market in 2021.

Commenting on the partnership, Bragg President and Chief Working Officer Lara Falzon mentioned: “Our content material resonates immensely in Switzerland and On line casino Basel’s newest launch beneath the Golden Grand model proves the power of our service. We are going to proceed our progress technique in home and different key markets in Europe and North America to additional strengthen our place as a number one iGaming expertise and content material supplier.”

Rising reputation in Switzerland:

In the meantime, Grand On line casino Basel and its on-line model, Golden Grand, have gained reputation by combining their portfolio with Bragg’s new improve bundle, absolutely custom-made and tailor-made to fulfill their wants and expectations. . Sooner or later, we are able to anticipate the operator and its on-line model to grow to be much more well-known around the globe. It additionally will increase participant dedication by including new unseen slots to his portfolio of video games.

Adrian Schiesser, Director of On-line Casinos at On line casino Basel, added: “We purpose to supply our prospects with the perfect on-line on line casino expertise, and thru the Bragg providing we now have strengthened our proposition, bringing Swiss gamers thrilling, enjoyable and thrilling video games.”

virtually:

Headquartered in Toronto, Canada, Bragg Gaming makes use of modern, non-traditional content material and cutting-edge expertise to serve on-line and land-based iGaming operators. Based and formally launched in 2018.

Headquartered in Basel, Switzerland, Grand On line casino Basel is one in every of 12 Swiss licensees and its on-line model has attracted a big buyer base since its official debut in 2022.

Inflows of crypto funding merchandise attain 117 million per week. USD – highest since 2022 July

Seethereality — Tue, 21 Mar 2023 02:39:57 +0000

A CoinShares report says investor sentiment indicators “greed,” with inflows of $117 million into cryptocurrency funding merchandise final week. USD – highest since 2022 July. Buyers are virtually completely centered on Bitcoin, which noticed $116 million in inflows.

Whole belongings underneath administration (AuM) of funding merchandise rose 43% from the November low to twenty-eight billion. The amount of commerce in funding merchandise additionally improved to 1.3 billion. USD for the week of January 23 – 17% increased than the annual common. By comparability, the common weekly quantity within the bigger cryptocurrency market jumped 11%.

Germany accounted for 40% of final week’s complete receipts – 46 million. In Canada, the USA and Switzerland, the income reached 30 million, 26 million, respectively. USD and 23 million

Multi-asset funding merchandise misplaced cash for the ninth consecutive week. Final week, the outflow of cash amounted to six.4 million. USD, though CoinShares famous that traders are selectively opting out of sure investments. It’s because Solana, Cardano and Polygon noticed inflows, whereas Bitcoin Money, Stellar and Uniswap skilled small flows.