yyctimes

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Border agents seize $3.6 million in methamphetamine

    March 23, 2023

    $3.6M in meth seized from commercial vehicle at Coutts border crossing: RCMP

    March 23, 2023

    Alberta teen’s fatality inquiry to find solutions to protect children at risk: judge

    March 23, 2023
    • Home
    • Contact Us
    Facebook Twitter
    yyctimes
    yyctimes
    Home » FTX, collapsing crypto giant, no longer buying Calgary-based Bitvo
    yyctimes

    FTX, collapsing crypto giant, no longer buying Calgary-based Bitvo

    yyctimesBy yyctimesNovember 15, 2022No Comments1 Min Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Canadian crypto trading platform Bitvo Inc. says its deal to be acquired by FTX, the crypto exchange giant that collapsed and filed for bankruptcy last week, will not go ahead.

    The company says “in light of recent events” its shareholder, Pateno Payments Inc., has terminated its agreement with FTX Canada Inc. and FTX Trading Ltd.

    Earlier this year, Bitvo announced the deal to be acquired by FTX. Financial terms of the agreement were not disclosed.

    Popular now

    Bitvo said on Tuesday it has no material exposure to FTX or any of its affiliated entities.

    The company says its operations have and are expected to continue unaffected, with trading operations as well as withdrawals and deposits continuing.

    Story continues below advertisement

    It noted that it operates on a full reserve basis, meaning it does not borrow customer funds, a requirement of its regulatory status.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    yyctimes
    • Website

    Related Posts

    $3.6M in meth seized from commercial vehicle at Coutts border crossing: RCMP

    March 23, 2023

    Alberta teen’s fatality inquiry to find solutions to protect children at risk: judge

    March 23, 2023

    Stanford study finds largest recorded Alberta earthquake likely caused by oilsands wastewater

    March 23, 2023

    Stanford study finds largest recorded Alberta earthquake likely caused by oilsands wastewater

    March 23, 2023

    Spruce Grove fundraising hockey game honours fallen Edmonton police officers

    March 23, 2023

    Privacy commissioner investigating Alberta Energy Regulator over Kearl oilsands site leak

    March 23, 2023

    Leave A Reply Cancel Reply

    Don't Miss
    yyctimes

    Border agents seize $3.6 million in methamphetamine

    By yyctimesMarch 23, 2023

    Breadcrumb path hyperlinks Native information Revealed on March 23, 2023 • Final up to date…

    $3.6M in meth seized from commercial vehicle at Coutts border crossing: RCMP

    March 23, 2023

    Alberta teen’s fatality inquiry to find solutions to protect children at risk: judge

    March 23, 2023

    Stanford study finds largest recorded Alberta earthquake likely caused by oilsands wastewater

    March 23, 2023
    Our Picks

    Border agents seize $3.6 million in methamphetamine

    March 23, 2023

    $3.6M in meth seized from commercial vehicle at Coutts border crossing: RCMP

    March 23, 2023

    Alberta teen’s fatality inquiry to find solutions to protect children at risk: judge

    March 23, 2023

    Stanford study finds largest recorded Alberta earthquake likely caused by oilsands wastewater

    March 23, 2023

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Our Picks

    Border agents seize $3.6 million in methamphetamine

    March 23, 2023

    $3.6M in meth seized from commercial vehicle at Coutts border crossing: RCMP

    March 23, 2023

    Alberta teen’s fatality inquiry to find solutions to protect children at risk: judge

    March 23, 2023
    New Comments

      Type above and press Enter to search. Press Esc to cancel.