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The Ontario Securities Commission has just approved the second Canadian bitcoin ETF on Tuesday just days after approving the Purpose Bitcoin ETF on February 12.
The approval by the Canadian regulator of two bitcoin ETFs has increased optimism that the US Securities and Exchange commission will finally approve a similar vehicle in the US. Several firms have filed, but have so far failed to gain approval, for a bitcoin ETF in the past, with the SEC typically citing security concerns.
Two low priced Canadian stocks that are poised to benefit greatly from the Canadian crypto boom are Currencyworks Inc – CRWK and Digihost Technology Inc – DGHI (HSSHF on the Over-the-counter exchange)
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Digihost Technology Inc. operates as a blockchain technology company. It has operations in cryptocurrency mining for its own account, as well as providing hosting services to cryptocurrency mining customers.
CurrencyWorks Inc. provides turnkey set of services for companies to develop and integrate blockchain and cryptocurrency technologies into their business operations. It offers services in connection with development of platform using block chain technology, including the business development and technical; business launch; and post-business launch support services.
Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.
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The proposed class action against Gill, who adopted the online nickname “Roaring Kitty,” was filed Tuesday in federal court in Massachusetts. The suit said Gill was actually a licensed securities professional who manipulated the market to profit himself. Gill touted GameStop shares through an extensive social media presence on Youtube, Twitter and Reddit.
Gill’s deceitful and manipulative conduct not only violated numerous industry regulations and rules, but also various securities laws by undermining the integrity of the market for GameStop shares,” the suit said. “He caused enormous losses not only to those who bought option contracts, but also to those who fell for Gill’s act and bought GameStop stock during the market frenzy at greatly inflated prices.”
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Gill did not respond to a message seeking comment sent to an email address associated with him.
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