Category: Financial

Bitcoin miners return to profit with 180% surge in revenue over the last 30 days

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Bitcoin miners return to profit with 180% surge in revenue over the last 30 days
  DUBLIN – Despite increased regulatory crackdown and volatility, Bitcoin miners are finding their way back to profitability. Data indicates that as Bitcoin builds momentum, the mining revenue has increased, although the profit is still dwarfed by figures recorded early this year. Data acquired by cryptocurrency trading simulator Crypto Parrot indicates that the Bitcoin mining revenue surged 179.4% over the last 30 days. On June... Read More

Bitcoin Well to begin trading on TSXV under ticker ‘BTCW’

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Bitcoin Well to begin trading on TSXV under ticker ‘BTCW’
EDMONTON – Bitcoin Well Inc., a company offering convenient, secure and reliable ways to buy, sell and use bitcoin through a trusted Bitcoin ATM network and suite of web-based transaction services, reported that, effective at the opening of markets on Friday, July 30, 2021, the common shares of Bitcoin Well will commence trading on the TSX Venture Exchange as a... Read More

Microbusinesses at risk: 1 in 4 report not receiving payments, Wave survey finds

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Microbusinesses at risk: 1 in 4 report not receiving payments, Wave survey finds
TORONTO – Wave, an all-in-one money management solution for small businesses, unveiled the results from a survey of more than 1,000 United States-based microbusiness owners. A microbusiness is defined by the US Small Business Administration as having fewer than 10 employees. The survey revealed that one in four (25%) respondents have waited more than a year to get paid or... Read More

Crypto community bets on Paraguay to declare Bitcoin a legal tender next

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Crypto community bets on Paraguay to declare Bitcoin a legal tender next
DUBLIN – The cryptocurrency industry recently received a significant confidence boost after El Salvador became the first country in the world to declare Bitcoin a legal tender. Therefore, the focus is now on the next countries to follow suit with the crypto community placing bets. Data acquired by cryptocurrency trading simulator Crypto Parrot indicates that the crypto community believes Paraguay is the next country to... Read More

FreshBooks announces data-sharing partnership with Ontario Government

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FreshBooks announces data-sharing partnership with Ontario Government
  TORONTO – FreshBooks, a Canadian cloud accounting software with paying customers in 100+ countries, announced that it had entered into a Memorandum of Understanding (MOU) with the Ontario government to share data and insights regarding small business recovery trends. The MOU says it will help small businesses and entrepreneurs by using FreshBooks’ data to help identify weaknesses and gaps... Read More

VirtualArmour completes asset sale to Evergreen

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VirtualArmour completes asset sale to Evergreen
  TORONTO –  VirtualArmour International Inc. (CSE: VAI; OTCQB:VTLR) reported that further to its press release of June 24, 2021, it has closed today the sale of substantially all of its operating assets (including the Company’s name) and certain operating liabilities to Evergreen Services Group. The Company has received the consideration of US$12,250,000, subject to adjustment for net working capital... Read More

Two of three Canadians have saved nothing for retirement during COVID

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Two of three Canadians have saved nothing for retirement during COVID
TORONTO – Most Canadians have not set aside anything for retirement in the past year (63%) which is up 5% since last year, according to the third annual Canadian Retirement Survey from Healthcare of Ontario Pension Plan (HOOPP) and Abacus Data. The survey also found a widespread belief that better access to workplace pensions is needed to avoid a retirement crisis.... Read More

Canada’s crypto crackdown does a disservice to the market

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Canada’s crypto crackdown does a disservice to the market
Canada must emulate countries such as Liechtenstein and Malta, which adapted legislation in advance to attract crypto entrepreneurs The Canadian cryptocurrency industry knew mainstream adoption would inevitably come with a regulatory load, especially after the 2019 collapse of the largest exchange at the time, QuadrigaCX. Participants, however, didn’t expect regulators to come with one of the most heavy-handed approaches possible.... Read More

Goodfood’s active subscriber count increases 17% year-over-year to reach 317,000

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Goodfood’s active subscriber count increases 17% year-over-year to reach 317,000
MONTREAL – Goodfood Market Corp. (TSX: FOOD), a leading online grocery company in Canada, today reported it had 317,000 active subscribers at the end of the third quarter of Fiscal 2021. This represents an increase of 17% compared to the same period last year. “We are pleased with our year-to-date active subscriber growth, although we experienced a small quarter-to-quarter decline... Read More

KOHO launching initiative to help Canadians fight bank fee increases

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KOHO launching initiative to help Canadians fight bank fee increases
  TORONTO – Canadian Fintech KOHO furthers its commitment to challenging traditional banking through the launch of its “Fight the Fee” campaign. This initiative was designed in response to the Big 5 Banks raising account fees and minimum balance requirements while the COVID-19 pandemic continues. “Fight the Fee” aims to help Canadians struggling with these surges in service and account... Read More