Bitbuy says 1 in 10 active users is staking crypto
Within 10 days of launching crypto staking on Nov. 28, 10 per cent of the Toronto-based platform’s monthly active users opted in to the service, Bitbuy said in a release. (The Logic)
Within 10 days of launching crypto staking on Nov. 28, 10 per cent of the Toronto-based platform’s monthly active users opted in to the service, Bitbuy said in a release. (The Logic)
The Toronto-based media conglomerate—which co-owned the LSE shares with Blackstone-affiliated investment funds—said it will spend US$1 billion from the sale to return money to shareholders and “pursue organic and inorganic opportunities in key growth segments.” Microsoft’s new stake is worth four per cent. It plans to focus on digital transformation of LSE’s technology infrastructure and Refinitiv platforms onto the Microsoft Cloud. (The Logic)
Dream Unlimited Corp. and Great Gulf Group—together known as Quayside Impact Limited Partnership—will build a 12-acre development in Toronto’s Quayside neighborhood. Plans include an all-electric, zero-carbon community with 800 affordable housing units and 3.5 acres of car-free green space. (The Logic)
Canadensys cameras and Mission Control Space Services image-processing software are headed for the moon along with a United Arab Emirates rover in a Japanese lander, carried up by a SpaceX rocket that launched Sunday. The Ispace Hakuto-R M1 mission is on a “low-energy” path, not due to land until late April. (The Logic)
The federal government said it will prioritize six key minerals and metals and focus on harmonizing its permitting process with the U.S. and provincial governments to support the burgeoning critical-mineral mining industry, which has drawn interest from trade partners. (The Logic)
A Senate committee finished close examination of the Online Streaming Act (Bill C-11) on Thursday and a House of Commons committee wrapped a similar clause-by-clause consideration of the Online News Act (Bill C-18) on Friday. (The Logic)
The corporate blueprint from the Toronto Stock Exchange owner and non-profit Institute of Corporate Directors calls for women to hold no less than 40 per cent of board seats at public companies, and people from underrepresented racial groups or people identifying as Indigenous or with disabilities to hold at least 30 per cent of seats. Directors should also embed environmental, social and governance matters into a company’s overall strategy. (The Logic)
Calgary-based Shaw is in terminal decline, and letting Rogers buy its remains is good for consumers, Rogers said in its written closing arguments defending the acquisition to the Competition Tribunal. Selling Shaw’s Freedom Mobile division to Videotron will create a vigorous and disruptive competitor in the bargain, the telecom giant added. (The Logic)
The retail giant reportedly plans to compete with fintech lenders by introducing installment loans to its employees and customers, sources told The Information. The company has already begun beta testing banking services with employees and plans to expand its reach to customers. (The Information)
The software-as-a-service company announced Thursday that the deal was co-led by Toronto-based First Ascent Ventures and California-based Felicitas Global Partners. Metropolitan Partners Group and Darwin’s executive chairman Liam Lynch also participated. (The Logic)