TORONTO, May 1, 2021 /CNW/ - The Ontario Superior Court of Justice (Commercial List) made an order on the evening of April 30 appointing PricewaterhouseCoopers Inc. (Pwc) as receiver and manager over the affairs of Bridging Finance Inc. (BFI) and investment vehicles managed and controlled by BFI. The OSC sought the appointment of a receiver and manager to ensure BFI's affairs are managed in the best interests of unitholders while OSC staff conduct an investigation into the business activities of BFI and certain of its directors and officers. In connection with this action, the Commission issued a temporary order that requires trading in securities of the named BFI funds to cease, and that suspends David Sharpe's registration as Ultimate Designated Person of BFI. Clients of BFI with questions concerning the receivership should contact PwC at ca_bridgingfinance@pwc.com or 416-687-8389. Information is also available on the following website: www.pwc.com/ca/bfiUnder section 129 of the Securities Act, the OSC may apply to the Court for an order appointing a receiver and manager where it is in the best interests of investors, or where it is appropriate for the due administration of Ontario securities law.The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices, to foster fair and efficient capital markets and confidence in the capital markets, and to contribute to the stability of the financial system and the reduction of systemic risk.
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ROME — A Vatican judge on Saturday indicted 10 people, including a once-powerful Italian cardinal, on charges including money laundering, fraud and abuse of...
Monero (XMR) price has continued to rally higher as the price action now trades at a 3-year high above the $300 handle. Fundamental analysis: Developer accuses MobileCoin of borrowing code Monero’s lead maintainer Riccardo Spagni has accused MobileCoin of borrowing Monero’s code without acknowledging its origins. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. MobileCoin utilizes Ring Confidential Transactions (RingCT) for privacy and Stellar consensus for faster block times. The group’s chief executive Josh Goldbard said that it is the “only [coin] ever built that is both privacy-protecting and fast.” Goldbard’s claims have faced criticism and MobileCoin also said it implemented CryptoNote, a ring signature-powered protocol that allows transaction privacy. Spagni has responded to those claims and said MobileCoin was using Monero’s code without acknowledging its source. “MobileCoin claims to be based on CryptoNote, but it’s not. It’s based on Monero…not sure why there’s no credit where credit is due?” said Spagni. To back his allegations, Spagni said that MobileCoin uses features first seen in Monero including “RingCT, subaddresses, and bulletproofs.” MobileCoin senior engineer Alex Graveley denied Spagni’s allegations and said MobileCoine did not borrow Monero’s tech and even said Monero has “the worst codebase” in a tweet which he later deleted. But Spagni is not the first one to criticize MobileCoin. Coinkite’s Peter Todd recently voiced his concern over MobileCoin’s centralization and claimed that its consensus protocol is based on centralized technologies such as Intel SGX, Stellar Consensus Protocol, and Amazon S3. “Putting the consensus in Intel SGX makes it impossible for a second dev team to even exist: unless you run the official binaries, you aren’t on MobileCoin,” Todd
