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FTX, until recently thought to be one of cryptocurrency’s top platforms, has announced it entered voluntary Chapter 11 Proceedings. The announcement on Friday morning is the latest chapter of a really stunning turn of fortunes for the crypto exchange, a timeline of events that have helped trigger fresh selling across the crypto market. FTX files […]
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Voyager Digital Ltd (VOYG: TSE) (VYGVF: OTCQX) has today announced that it has started a voluntary Chapter 11 process saying that it is doing so to maximize value for its stakeholders. After the announcement was made, Voyager stock price took a hit and it dropped almost 12%. As part of the Chapter 11 process, Voyager […]
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This video is featured on The Daily Forkast, July 4th, 2022, presented by Joel Flynn for the latest in blockchain & crypto news. The following were highlighted: Monthly NFT sales fall below US$1 billion for the first time in a year. (https://forkast.news/monthly-nft-sales-below-1billion-12-months/) Meanwhile, Three Arrows Capital files for Chapter 15 bankruptcy in the US. (https://forkast.news/headlines/three-arrows-capital-chapter-15-bankruptcy/) […]
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The latest developments in the Ripple vs. SEC battle focus on Ripple’s response to the SEC’s proposed redactions. The latter is regarding the SEC’s letter opposing Movants’ motion to file an amicus brief regarding one of SEC’s experts. SEC looking for a ‘home run’ The Ripple vs. SEC legal battle has heated up since 15 […]
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TORONTO, March 22, 2021 (GLOBE NEWSWIRE) — Cryptologic Corp. (CSE:CRY) (the “Company” or “Cryptologic”) is pleased to announce that it has filed and is in the process of mailing the management information circular (the “Circular”) and related materials in connection with the annual and special meeting (the “Meeting”) of shareholders to be held on April 14, 2021.
Fundamental Change
At the Meeting, the Company will seek shareholder approval of, among other things, an ordinary resolution (the “Fundamental Change Resolution”) that the Company be authorized to proceed with the previously announced proposed acquisition of Copenhagen Minerals Inc. (“Copenhagen”), which owns 100% of a mineral exploration license known as the Storø Gold Project, located in Greenland (the “Proposed Acquisition”). Completion of the Proposed Acquisition would constitute a “fundamental change” of the Company and in accordance with Policy 8 of the Canadian Stock Exchange (“CSE”), the Proposed Acquisition is therefore subject to the approval of the CSE and the Shareholders.
The board of directors of the Company (the “Board”) concluded that the Proposed Acquisition is in the best interests of the Company and unanimously recommends that Shareholders vote in favour of the Fundamental Change Resolution at the Meeting.
Name Change
At the Meeting, the Company will also seek shareholder approval to pass a special resolution to change the name of the Company from “Cryptologic Corp.” to “Greenhawk Resources Inc.” or such other name as may be selected by the Board, (the “Name Change Resolution”) and amend the articles of the Company in connection therewith.
The Board concluded that the name change is in the best interests of the Company and unanimously recommends that Shareholders vote in favour of the Fundamental Change Resolution at the Meeting.
Other Matters
Other annual general meeting matters will also be considered at the Meeting, including the presentation of the Company’s financial statements for the fiscal years ended December 31, 2020 and 2019, the election of directors for the ensuring year, and the re-appointment of the Company’s auditors.
Meeting Materials
The Meeting will be held at 10:00 a.m. (Toronto Time) on April 14, 2021, at the Company’s offices in Toronto, Ontario. In order to adhere to all government and public health authority recommendations, the Company notes that the Meeting will be limited to only the legal requirements for shareholder meetings and guests will not be permitted entrance unless legally required. Rather than attending in person, the Company encourages Shareholders to vote by proxy in advance and to access the Meeting via telephone conference call, details of which are set out in the Circular.
The Circular provides important information regarding the Proposed Acquisition, the name change and other matters to be considered at the Meeting. Shareholders are urged to read the Circular carefully and in its entirety.
The Circular is being mailed to Shareholders in compliance with applicable laws. The Circular is available under the Company’s profile on SEDAR at www.sedar.com.
Filing of Technical Report
Concurrently with the filing of the Circular, the Company also announces that it has filed an independent technical report prepared by SRK Consulting (Sweden) for the Storø Gold Project (the “Technical Report”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. The Technical Report is available for review under the Company’s profile on SEDAR at www.sedar.com.
About Cryptologic Corp.
Cryptologic Corp. is currently a shell company that previously divested all of its cryptocurrency mining assets and operations and has been exploring acquisition opportunities in sectors outside of cryptocurrency mining.
Cautionary Note Regarding Forward-Looking Information
This news release includes forward-looking information and statements, which may generally be identified by the use of the words “will”, “intention”, “expects”, “is expected to”, “subject to”, “anticipates” and variations or similar expressions and which include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include those relating to the Meeting and the Proposed Acquisition, including the name change in connection with the Proposed Acquisition, and the ability of the Company to complete the Proposed Acquisition.
Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Such assumptions, risks, uncertainties and other factors include, but are not limited to, that the Proposed Acquisition is not completed on the terms and timelines anticipated by the Company or at all, that all necessary regulatory, stock exchange, securityholder and other consents and approvals will be received in connection with the Proposed Acquisition on the timelines anticipated or at all, that all other conditions to closing the Proposed Acquisition will be satisfied in the manner and on the timelines anticipated or at all.
Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. In particular, the completion of the Proposed Acquisition is subject to the satisfaction of certain conditions and uncertainties (including CSE acceptance and shareholder approval) and the Company can offer no assurance that the Proposed Acquisition will be completed on the terms, conditions and timelines anticipated by the Company or at all.
Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
The Company cautions that the foregoing list of important factors and assumptions is not exhaustive and other factors could also adversely affect its results. For more information on the risks, uncertainties and assumptions that could cause the Company’s actual results to differ from current expectations, please refer to the “Risk Factors” section of the Company’s Circular as well as the Company’s other public filings, available at http://www.sedar.com.
The CSE has not reviewed, approved or disapproved the content of this news release.
Brazil Securities and Exchange Commission (CVM) approved Latin America’s first Bitcoin Exchange Traded Fund (ETF). Requested by firm QR Asset Management, their Bitcoin ETF will trade under the ticker QBTC11 on exchange B3.
This platform is the world second to launch a ETF backed by the cryptocurrency, after Canada greenlighted one in February.
The QBTC11 will track Bitcoin’s price performance and will use Chicago Mercantile Exchange’s Bitcoin futures index and CF Benchmarks price as a reference. Upon the approval, QR Capital stated:
QBTC11 places Brazil at the epicenter of state-of-the-art financial regulation. In addition to being the first 100% Bitcoin ETF in Latin America, QBTC11 is the fourth in the world and comes a few weeks after the launch of the three Canadian ETFs.
The Brazil Securities and Exchange Commission and the Securities Exchange Comission (SEC) are member of the The International Organization of Securities Commissions (IOSCO). Therefore, CVM’s decision could positively influence a similar action by the U.S. regulator. QR Capital claimed:
This is important because the clearance of QBTC11, like the first three Canadian Bitcoin ETFs, can and should serve as substance for ETF orders in the United States.
This common move between regulatory authorities is referred to as the Benchmark Regulation.
In the United States, Bitcoin ETF petitions are piling up. SkyBridge Capital, founded by Anthony Scaramucci, and First Trust Advisors are the latest firms to introduce an S-1 for this financial product with the regulator. The “First Trust SkyBridge Bitcoin ETF Trust” would offer shares traded on the exchange NYSE Arca.
Meanwhile, SEC Commissioner Hester Pierce recently called for a more “ positive” look at cryptocurrencies. For Pierce, the SEC has waited too long to approve such a financial product. The Commissioner said:
(Institucions) want access to crypto trough a regulated market. It makes sense for us to consider how to do that (…). We’ve dug ourselves into a little bit of a hole. A lot of people are looking for a way to access the asset class.
Currently, Bitcoin is trading at $59,125 with side movement (-0,8%) in the past day.
Common Stock to Be Sold from within a Cryptocurrency Wallet
OMAHA, Neb., March 03, 2021 (GLOBE NEWSWIRE) — Exodus Movement, Inc. is a Delaware corporation that has developed the Exodus Wallet, a leading non-custodial cryptocurrency software platform.
On February 26, 2021, Exodus publicly filed its preliminary Offering Circular for the potential sale of up to $75 million in Class A common stock to the public at a price of $27.42 a share. The preliminary offering circular may be viewed on the SEC website.
The preliminary Offering Circular is subject to the review and qualification of the SEC.
Exodus intends to conduct the potential public offering of Class A common stock in the following transformative manner:
Exodus, which was founded on the values of empowerment, freedom and transparency in finance, has grown to serve over a million active users with its easy-to-use applications for desktop and mobile devices. With an investment platform designed to issue shares of equity within the app, Exodus aims to facilitate the democratization of finance and extend beyond the old ICO token model, allowing users to become investors and actual owners of Exodus in a regulated manner.
Highlighting the company’s focus on user empowerment and transparency, the Exodus offering is for those interested in taking part in the future of crypto investing – from current users to crypto enthusiasts to the general public.
JP Richardson, co-founder and CEO Exodus, said: “We believe traditional fundraising models are fundamentally broken and favor the privileged over the public. While raising money through Series A was an easy option, we decided to pursue a more inclusive route that enables anybody to invest directly in Exodus in keeping with our mission to provide an exit route to half of the population currently relying on traditional financial systems by 2030.”
“Exodus has achieved success by making finance more user friendly – our users can already easily store, send, receive or exchange crypto assets over the Exodus platform with the speed of centralized crypto exchanges without the risk or rules of third-party custody. Now we’re taking it a step further and really giving the control back to the user. Initial Coin Offerings have always left investors with no legal ownership and we’re ready to change that. By inviting everyone, not just accredited investors, to contribute to Exodus, we can drive the long-term growth of our mission.”
The common stock offering will fuel the growth and improvement of the Exodus platform and user experience by funding operations and application development.
About Exodus
Founded in 2015, Exodus is a multi-asset software wallet that removes the geek requirement and keeps design a priority to make cryptocurrency and digital assets easy for everyone. Available for desktop and mobile, Exodus allows users to secure, manage and exchange cryptocurrencies like Bitcoin, Ethereum, Ripple, and more across an industry-leading 10,000+ asset pairs from a beautiful, easy to use wallet. The non-custodial functionality is encrypted locally on users’ own devices, ensuring privacy, security and complete control over their wealth. Exodus is on a mission to empower half the world to exit the traditional finance system by 2030. For more info visit exodus.com
Contacts
Investors: Kirsten Chapman & Moriah Shilton, LHA Investor Relations, exit@lhai.com 415-433-3777
Media: Joe Coufal, Wachsman, Exodus@wachsman.com 917-900-5351
Forward-looking Statements
This communication contains forward-looking statements that are based on our beliefs and assumptions and on information currently available to us. In some cases, you can identify forward-looking statements by the following words: “will,” “expect,” “would,” “intend,” “believe,” or other comparable terminology. Forward-looking statements in this document include, but are not limited to, statements about our future financial performance, our business plan, our market opportunities and beliefs and objectives for future operations. These statements involve risks, uncertainties, assumptions and other factors that may cause actual results or performance to be materially different. More information on the factors, risks and uncertainties that could cause or contribute to such differences is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion & Analysis” sections of our offering statement on Form 1-A. We cannot assure you that the forward-looking statements will prove to be accurate. These forward-looking statements speak only as of the date hereof. We disclaim any obligation to update these forward-looking statements.
Testing the Waters
This communication may be deemed “testing the waters” material under Regulation A under the Securities Act of 1933. We are not under any obligation to complete an offering under Regulation A. We will only be able to make sales after the Securities and Exchange Commission (SEC) has qualified the offering statement that we have filed with the SEC. The information in that offering statement will be more complete than the information we are providing now, and could differ in important ways. You must read the documents filed with the SEC before investing. No money or other consideration is being solicited, and if sent in response, will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the SEC has been qualified by the SEC. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification. An indication of interest involves no obligation or commitment of any kind. Any person interested in investing in any offering of Exodus’s Class A common stock should review our disclosures and the publicly filed offering statement and the preliminary offering circular that is part of that offering statement at https://www.sec.gov/Archives/edgar/data/1821534/000114036121006439/nt10013846x8_1a.htm. Exodus is not registered, licensed or supervised as a broker dealer or investment adviser by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) or any other financial regulatory authority or licensed to provide any financial advice or services.
No offer to sell securities or solicitation of an offer to buy securities is being made in any state where such offer or sale is not permitted under the blue sky or state securities laws thereof. No offering is being made to individual investors unless and until the offering has been registered in that state or an exemption from registration exists. Exodus intends to complete an offering under Tier 2 of Regulation A and as such intends to be exempted from state registration pursuant to federal law. Although an exemption from registration under state law may be available, Exodus may still be required to provide a notice filing and pay a fee in individual states. No offer to sell securities or solicitation of an offer to buy securities is being made in any international jurisdiction where such offer or sale is not permitted under the securities laws thereof. No offering is being made to individual investors unless and until the offering has been approved by a competent authority in such international jurisdiction or is made in accordance with an exemption from the relevant international jurisdiction’s securities laws.
Bitcoin’s rally cools down, but Binance data shows trading volumes and institutional demand are better than ever. Coinbase files a draft S-1 form to the SEC for an initial public offering. FTX aims to launch a Coinbase futures market, regulators look to tighten rules on crypto and self-hosted wallets and Mizuho explains why bitcoin is a boon for PayPal and Square.
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