“Buy Bitcoin, Save The Planet,” Says Canadian Investment Firm
Calgary-based Accelerate Financial Technologies prepares to launch a Carbon-Negative Bitcoin ETF (TSX: ABTC). It plans to match each investment by planting trees to counteract the adverse environmental impact of crypto mining. “Accelerate intends to sequester over 100% of the estimated carbon dioxide emissions attributable to bitcoin transactions that ABTC is indirectly exposed to by funding decarbonization initiatives including its global tree-planting program” the company states on its website. Related Reading | $425bn Wiped Off Crypto Market As Musk Says Bitcoin Is Bad....
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The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as ‘smart securities’ in tokenised form”. GSX is the parent company of the Gibraltar Stock Exchange. According to the exchange, the newly listed fund tracks the price of bitcoin by using a special index feed, which was developed by....
The publicly-listed Canadian firm Nuvei Corporation announced the acquisition of the cryptocurrency company SimplexCC Ltd in an all-cash deal for $250 million. The deal is pending regulatory approval and Nuvei expects Simplex to “enhance” the firm’s portfolio of alternative payment method solutions. Nuvei Acquires Crypto Payments Provider Simplex On May 6, the Canadian company Nuvei (TSX: NVEI), a global payment technology firm, revealed the acquisition of the crypto asset payment operation Simplex. The digital currency startup offers fiat to the crypto on and off-ramps....
Canadian investment management firm Ninepoint has completed an initial public offering (IPO) of its bitcoin fund on the Toronto stock exchange. The company says the offering is the largest IPO of a bitcoin investment fund in Canada to date. Ninepoint Partners announced Wednesday that its Bitcoin Trust has completed an initial public offering (IPO) of CAD$230 million ($180 million). “It is the largest initial public offering of a bitcoin investment fund in Canada to date,” said John Wilson, Ninepoint’s co-CEO and managing partner. The fund’s Class A units are....
Accenture, a $75 bln consulting and professional services firm, revealed in its report that the implementation of Blockchain technology could save investment banks up to $12 bln a year. The report entitled “Banking on Blockchain, a Value Analysis For Investment Banks” released by Accenture Consulting in collaboration with Aon, is based on a survey which the firm’s researchers conducted with eight major investment banks. According to the report, the utilization of Blockchain in supplementing manual processes and operations of banks can save organizations up to 30 percent in annual savings....
There was a time when space travels showed only on screens and dream about Mars seemed out of this planet. Welcome to the present, then it has become real. Now You can own a piece of the Red Planet by participating in the Mars Land NFT sale running on Ethereum. Touch the red earth, take […]