Crypto News 

Canadian Blockchain Firm Launches USD-Pegged Stablecoin CUSD

“Canadian blockchain research firm Blockchain Venture Capital Inc. (BVCI) has officially launched a United States dollar-pegged stablecoin, the CUSD, according to a press release published on Nov. 11” writes Helen Partz for cointelegraph.com. Through CUSD stablecoin, BVCI will facilitate cashless transactions with USD deposited into an escrow account with a U.S.-based financial institution, the company noted.BVCI is a financial services firm incorporated in Ontario, the most populated province in Canada, according to the BVCI’s website. Source: cointelegraph.com

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News 

Musician faces US citizenship delay over marijuana use

“Neil Young is facing a delay in his application for US citizenship after honestly answering a question about his marijuana use” writes Laura Snapes for theguardian.com. In a letter to fans posted on his website, the Canadian songwriter said that he passed the test for citizenship, but that he has been called to take another test “due to my use of marijuana and how some people who smoke it have a problem”. Source: theguardian.com

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News 

Dozens killed in ambush on Canadian gold mine convoy in Burkina Faso

“Thirty-seven civilians were killed and more than 60 wounded when gunmen ambushed a convoy transporting workers of Canadian gold miner Semafo in eastern Burkina Faso, regional authorities have said” reports theguardian.com. That toll does not include an unknown number of the security forces who may have been killed in the attack.Semafo tightened security last year following armed incidents near two of its mines in the country.Two security sources said the military vehicle leading the convoy was struck by an IED on a stretch of road where there is no cellphone…

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Crypto News Platforms 

Tradewind Digital Platform Uses Blockchain to Track Provenance of Gold

“Tradewind Markets has launched a new system on its platform to track the provenance of its physical gold and other precious metals” writes Joeri Cant for cointelegraph.com. The Royal Canadian Mint reportedly legally recognizes the blockchain as the source of truth for title to physical gold registered on the Tradewind Platform.Investors are able to buy fractional amounts of gold or silver through the digital platform, with transactions and ownership of the gold recorded on the blockchain.On Nov. 5, Coindesk reported that Tradewind Markets, a blockchain-based digital trading platform launched its…

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Crypto News 

Canadian Regulators Seize Crypto Exchange Reportedly Owing $16M to Clients

“Regulators in the Canadian province of British Columbia have shut down the Vancouver-based Einstein cryptocurrency exchange” writes Joeri Cant for cointelegraph.com. In a separate case, Elise Palmer, the BCSC’s media relations and public affairs advisor said that it has received multiple complaints about Nanaimo-based cryptocurrency exchange ezBtc.ca.Wu added that he had gone to the Einstein Exchange office last Friday only to discover that the elevator is locked for all floors and that all listed phone numbers of the exchange’s agents, including that of Einstein exchange founder Michael Gokturk, are no…

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Canada denies sharing Huawei CFO Meng’s devices details with FBI: court documents

“In any event, the allegations could not result in the most drastic of remedies, a stay of proceedings,” the lawyers for Canadian attorney general said” writes Midwest Communications Inc for 95kqds.com. (Reuters) – The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou’s electronic devices was not shared with the United States Federal Bureau of Investigation (FBI) during her December 2018 arrest in Vancouver, court documents showed on Thursday. Source: 95kqds.com

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Crypto News Stocks 

Canadian Fund Manager to List Bitcoin Fund on Major Stock Exchange

“Canadian investment fund manager 3iQ received initial approval on its long road to launch a closed-end bitcoin fund on the Ontario Stock Exchange later this quarter” reports coindesk.com. VanEck withdrew its own exchange-traded fund application to the U.S. Securities and Exchange Commission in late January 2019. In April, 3iQ acquired the rights to manage First Block Capital’s funds, including the FBC Bitcoin Trust  and FBC Distributed Ledger Technology Adopters ETF, while First Block has a strategic investment in 3iQ.New York-based cryptocurrency exchange Gemini Trust Company LLC will provide custody services…

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Bank of Canada seen on hold, inviting ‘hot-money’ flows

“Canada’s central bank will wait until the first quarter of next year before easing, a Reuters poll showed last week” writes Midwest Communications Inc for 95kqds.com. That could invite “hot-money” investors, who favor currencies with the highest interest rates, to buy Canadian dollars. “For now, both are likely doing just enough to avoid any ease from the central bank that is concerned about stoking household affordability and household debt issues,” Mendes added.The Fed is expected on Wednesday to lower the range for its policy rate to below the Bank of…

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Canadian Pacific Q3 Earnings Top Estimates

“Canadian Pacific (CP) came out with quarterly earnings of $3.48 per share, beating the Zacks Consensus Estimate of $3.41 per share” writes Zacks Equity Research for nasdaq.com. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Canadian Pacific was unfavorable.Canadian Pacific, which belongs to the Zacks Transportation – Rail industry, posted revenues of $1.50…

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