Articles

  • 2 days ago | thelogic.co | Claire Brownell

    Toronto crypto firm WonderFi, which rose to prominence as a serial buyer of regulated Canadian crypto platforms, will itself be acquired. Robinhood, the U.S. company known for its popular stocks-and-crypto trading platform, has agreed to buy it for about $250 million in cash. WonderFi cashes out: Nasdaq-listed Robinhood is buying WonderFi for about 41 per cent more than the price at which the company’s stock closed on the TSX Monday.

  • 4 days ago | thelogic.co | Claire Brownell

    Nasdaq-listed U.S. bitcoin miner Gryphon Digital Mining has agreed to acquire American Bitcoin, a company backed by Eric Trump and Donald Trump Jr. that was spun out of Miami, Fla.-based Hut 8 in March. (The Logic)Talking point: Hut 8 was Canada’s most prominent bitcoin mining company, based in Toronto before redomiciling in 2023.

  • 4 days ago | thelogic.co | Claire Brownell

    The company has debuted a pilot version of its Cycles Prime platform, which performs a similar function to a clearing house for crypto markets by helping trading firms finalize outstanding payments. Cycles also announced a pre-seed funding round of an undisclosed amount co-led by CMCC Global and Maven 11, which it plans to use to develop the platform and expand its user base. (The Logic)Talking point: Buchman, the Toronto-based co-founder of the Cosmos crypto protocol, is Cycles’ CEO.

  • 6 days ago | thelogic.co | Claire Brownell

    For years, fintechs have been pushing Payments Canada to pick up the pace on the long delayed Real-Time Rail instant payment system. With testing of the system slated to begin in the coming months, the organization focused on a new challenge at its annual Toronto conference: getting banks and fintechs ready to use it. The background: Payments Canada, a non-profit organization that reports to the government, started laying the groundwork for the Real-Time Rail in 2015.

  • 1 week ago | thelogic.co | Claire Brownell

    Alex Mashinsky pleaded guilty to fraud in December after attracting people around the world to invest US$25 billion on the platform, misleading them about the safety of their assets and manipulating the value of the crypto token CEL, the U.S. attorney’s office for the Southern District of New York said.

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Claire Brownell
Claire Brownell @clabrow
24 May 24

If you watched the Netflix documentary on the 2015 Ashley Madison hack (which I'm interviewed in), and you're wondering what happened to then-CEO Noel Biderman, I have an answer for you in @the_logic today https://t.co/al22E16EsI

Claire Brownell
Claire Brownell @clabrow
14 May 24

RT @ted_livingston: It was great to sit down with the talented @clabrow. I'm more excited than ever about the opportunity to deliver on Sat…

Claire Brownell
Claire Brownell @clabrow
18 Sep 23

“The owner of the TSX is considering doing WHAT??!” was my reaction to learning TMX Group is proposing becoming one of the first stock exchanges in the world to facilitate crypto trading and perhaps it will be yours too https://t.co/n42M1TiSjY