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Bitcoin Fund Debuts on Canada’s Biggest Stock Exchange – CRYPTO CRYPTO NEWS

From cryptocryptonews.com

CI Global Asset Management has begun to trade on the Toronto Stock Exchange in Canada. The fund’s initial public offering managed to raise $72 million and units commenced trading in both U.S. dollars and Canadian dollars. CI Global Fund Begins Trading CI Global Asset Management has made it known that it has completed the initial public offering of the CI Galaxy Bitcoin Fund. According to the press release, $72 million was raised from the listing. Initially, the fund had different classes such as class A, class C, and class F. However, regardless of their class, each share unit was sold for $10. But, when the offerings were closed, classes C and F had collapsed into a class A share. With trading set to begin today, all the shares have been put for trading on the Toronto Stock Exchange (TSX). Investors can trade the shares against both United States Dollars and the Canadian dollar. BTCG.U and BTCG.UN are the tickets for the trade. The announcement further went on to reveal that the fund would be an investment option that would give holders an opportunity to invest in bitcoin via an institutionally backed fund platform. The fund’s bitcoin would be stored in a cold storage system which is the preferred method of protection offered by some of the leading protocols in the crypto space. Galaxy Digital to Act as Fund Sub-Adviser A leading crypto firm that has made its name as an intermediary between the crypto industry and corporate institutions, Galaxy Digital, would act as the sub-adviser of CI’s new bitcoin fund. As the sub-adviser, Galaxy Digital would have the right to carry out trades on behalf of the Fund in the market. The press release further stated that the fund was going to be investing in bitcoin directly. While the bitcoin holdings of the fund are going to be priced using the Bloomberg Galaxy Bitcoin index tool. CEO, Kurt MacAlpine who is the CEO of CI Galaxy Bitcoin Fund parent’s company CI Financial Corp., said that the fund would give investors the benefit of having to choose from an array of quality investment options. In his words the fund would be: “Providing investors with the benefits of a broad choice of high-quality alternative investment options.” Bitwise Starts Strong in the United States A recently launched crypto fund in the United States, Bitwise, has had one of the strongest starts in the history of crypto-based funds in the country. According to reports, the crypto fund was able to record $67 million of its shares being traded within the first 72 hours of its emergence. The Bitwise fund, however, currently operates as a trust because it is yet to get the express approval of the US financial authorities, Securities and Exchange Commission (SEC). What do you think about the bitcoin fund trading on TSX? Let us know what you think about this subject in the comments section below. Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
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Orchestrating Your Retirement Accounts | Signature Financial Group

From www.library-messages.com

Getting the instruments of your retirement to work in concert may go far in realizing the retirement you imagine.
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Why India needs bitcoin and other cryptocurrencies?

From www.financialexpress.com

In the last fortnight, Bitcoin and cryptocurrencies have taken the world by a storm. The currency has hit $22,000 in value and is being compared to gold.
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Talent Acquisition Tools During COVID-19

From www.natlawreview.com

Elite recruiters like AC Lion are solving the workforce equation by employing cutting edge strategies that combine the hands-on consultative approach with breakthrough artificial intelligence to facilitate the efficient and targeted placement of talent.
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Mongolian bank will begin offering digital currency services

From coingeek.com

TDB Bank will offer services including but not limited to digital currency remittance, custody, deposits, loans, and asset management.
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One Page Business Plans, Proposals, and Executive Summaries

From www.slideteam.net

“What does your business do?”. Say goodbye to long reports. Download 100+ One Page Business Plans, Proposals, and Executive Summaries For Every Industry.
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5 Essential Accounting Tips for Small Business Owners –

From fangwallet.com

As a small business owner, there are several business issues that need your constant attention.While your primary objective is to ensure the growth of your…...
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COVID-19 impact: Restaurant association requests finance minister to review Kamath Committee recommendations

From www.moneycontrol.com

FHRAI is the apex body of the Indian hospitality industry, representing 55,000 hotels and 5,00,000 restaurants across the country.
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How APIs help improve cash flow in your company

From www.bbvaapimarket.com

One of the main aspects that every treasurer has to check and keep up to date is their company's cash flow. An essential process that can be optimized thanks to the full potential of APIs.
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A Beginner’s Guide to Reporting Requirements for Businesses in Thailand –

From relianceconsulting.business.blog

This article walks you through what you need to know about the reporting requirements for companies registered in Thailand.
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Top Bookkeeping Issues Businesses Face and their Solutions!

From www.cogneesol.com

Bookkeeping Issues! Learn about the common bookkeeping problems with their solutions, as explained by industry experts. Dig deeper now for insights!
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The Rise Of Automation, The Gig Economy, And Data: How Accountants Can Leverage These Trends

From floatapp.com

Technology & lifestyle accountant Heather Smith discusses the rise of automation, the gig economy, and data.
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Jersey Shore Pizza Shop Owner Gets 15-Month Sentence In Income Tax Case - New Jersey News Network

From www.newjerseynewsnetwork.com

A 61-year-old Jersey Shore pizzeria owner received a 15-month prison sentence on Wednesday after pleading guilty to filing false income tax returns over a span of several years.
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Eight Reasons Why Accounting Software is a Must for Small Businesses –

From express-press-release.net

PUNE, India, 2020-Nov-02 — /EPR Network/ — Best Accounting software offers significant benefits to small business owners.Accounting software has the pot...
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6 Core Benefits of Virtual Bookkeeping Services for your Successful Business

From www.capactix.com

Virtual bookkeeping services can accelerate the success of your business! Don’t agree? Then, check out six core benefits of virtual bookkeeping.
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ACCA Members Working in Practice in Australia New Zealand

From www.linkedin.com

I recently hosted a webinar presented by ACCA ANZ about working in practice in Australia, or New Zealand.The panel shared their experiences of moving from another country to ANZ, their top tips for joining, starting, or purchasing a practice the importance of embracing cloud technology and the oppo...
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7 Reasons Why Successful Businesses Hire Bookkeepers and Accountants

From setmycompany.com

Must know reasons to know - how can accounting and bookkeeping services help your business? Understand how the efficiency of your business can increase with professional accounting and bookkeeping services.
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Interactive Brokers to pay $38 million in penalties to U.S. regulators | Reuters

From www.reuters.com

Interactive Brokers LLC will pay $38 million in penalties to settle charges it failed to flag suspicious activity and meet anti-money laundering requirements, U.S. markets regulators said on Monday.
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AirBit Club Ponzi Operators Charged With Fraud and Money Laundering

From www.trademoneta.com

Proceeds were spent on luxury cars, jewellery and real estate, rather than cryptocurrency mining and trading, shock.
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How Four Brothers Allegedly Fleeced $19 Million From Amazon  | WIRED

From www.wired.com

The scheme involved 7,000 $94 toothbrushes, according to law enforcement.
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States hit hardest by coronavirus scams

From www.cnbc.com

Americans have lost over $68 million in scams and fraud schemes related to coronavirus since the beginning of the year, according to the Federal Trade Commission. Here's a look at the states and jurisdictions with the highest level of fraud complaints related to Covid-19 per 100,000 residents.
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