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Closing Remarks From 3iQ Corp and the OSC Scheduled for Wednesday, July 24 at 10:00 AM ESTClosing remarks will be made by 3iQ Corp. and the Ontario Securities Commission (OSC) on Wednesday, July 24th at 10:00AM EST. The public hearing will be held in the OSC offices in Toronto at 20 Queen Street West, 17th floor. Come support 3iQ Corp. during its closing remarks and learn why a regulated bitcoin fund is in the public interest. |
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Canada Stablecorp Inc: Information Session on Canada’s First CAD-Pegged StablecoinJuly 22 – We are happy you to invite you to an information session and product launch for Stablecorp’s new product, QCAD, the very first compliant Canadian stablecoin – transparent, audited and backed by Canadian Dollars. Stablecorp (a joint venture between 3iQ and Mavennet) is launching QCAD in Q4 2019. We are reaching out to select investors in our Canadian crypto community for a special lunch presentation about QCAD. This will be a great opportunity to connect with the Stablecorp team and other leaders in Canada’s crypto ecosystem, to learn about the project, to learn how to contribute to QCAD’s initial liquidity, and to join us on this journey as an early investor in Stablecorp. Please join us on July 30, 2019, from 12:00-1:30 pm at 129 Spadina Ave, Toronto, for this presentation, launch and demo of QCAD. We look forward to showing you what we’ve built. We hope you are as excited as we are to be a part of this occasion solidifying Canada’s role as a leading force in the mass adoption of cryptocurrencies. Register here. Password: QCAD0730 |
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GOP Congressman Takes Positive Stance on BitcoinJuly 16 – One of Donald Trump’s leading allies in congress, Kevin McCarthy, has recently taken a positive stance on bitcoin, saying that he likes the technology because of its secure and decentralized nature. Despite being a fan of bitcoin, the congressman did not share the same views with Facebook’s cryptocurrency. “I want to see decentralization because Libra concerns me that they’re going to control the market,” said McCarthy. “Facebook is free because they sell your data to make money. Now they want to get into the business, and they’re not bitcoin, in this Libra. They’re not decentralized.” Read the full article from CNBC here. |
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Richmond Hill, Ont. Residents can Soon Pay Property Taxes in BitcoinJuly 17 – Residents in Richmond Hill, Ontario will soon be allowed to pay their property taxes using Bitcoin. Following a recent city council vote, The City of Richmond Hill has agreed to enter into an agreement with Coinberry, a digital asset exchange to facilitate the property tax payments in bitcoin. Coinberry had previously partnered with the Town of Innisfil several months ago to let residents pay their property taxes in bitcoin. “Any Richmond Hill resident who wants to pay with cryptocurrency will go through a mediating company, and those people will convert the cryptocurrency into Canadian currency and pay us with Canadian currency,” said Carmine Perrelli, the deputy mayor and regional and local councilor of Richmond Hill. Read the full article from Global News here. |
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Crypto Exchange BitMEX Under Investigation by CFTCJuly 19 – One of the world’s most popular crypto futures and derivatives exchanges, BitMEX, is reportedly under investigation by the US Commodity Futures Trading Commission (CFTC). The trading platform is well known for its ability to offer its clients up to 100-times leverage on their crypto futures and derivatives pairings. The regulator is concerned that US investors, despite being barred from accessing the platform, can still access the trading platform using a “VPN”, which masks the client’s IP address and provides a different geographic location for the user. It is important to note that VPN services are not directly provided by BitMEX, and clients based in the US are using third-party software to bypass geographic restrictions. The CFTC has not released any additional details relating to the investigation. Read the full article from Bloomberg here. |
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3iQ Bitcoin Trust (Class A) : NAV as at July 19, 2019Underlying cryptoasset prices sourced from Bloomberg. |
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3iQ Global Cryptoasset Fund (Class A): NAV as at July 19, 2019Underlying cryptoasset prices sourced from Bloomberg.View charts and more fund data at here. 3iQ Corp. (“3iQ”) is the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities which permit 3iQ to manage a multi-cryptoasset investment fund available to Canadian accredited investors. 3iQ provides accredited investors with exposure to bitcoin, ether, and litecoin through its 3iQ Global Cryptoasset Fund. |
