Canada Financial News

02.06 / 14:45

business Binance end Binance market share chopped with the end of zero-fee BTC trading

New data has revealed that cryptocurrency exchange Binance has experienced a loss in market share after it ended its zero-free Bitcoin (BTC) trading.

31.05 / 18:07

Binance ByBit Crypto Exchange exit Bybit Joins Binance in Exit from Canadian Crypto Market – What's Going On?

Crypto exchange Bybit has announced plans to exit Canada, citing growing regulatory scrutiny in the country.

31.05 / 10:35

Asia Middle east Binance names Teng as head of regional markets outside US

Richard Teng to head its regional markets outside the United States, at a time when the world's largest cryptocurrency exchange has been facing scrutiny from U.S. regulators over compliance issues. Teng, who revealed his promotion on his LinkedIn profile, is already heading regions like Asia, Europe and the Middle East. He joined Binance as CEO of Singapore in August 2021.Teng will begin his new role on Monday. The development comes at a time when Binance has been under fire for non-compliance issues from U.S. authorities, while it has faced pressure in other countries as well.

30.05 / 20:51

business Law Bitcoin Regulation exits regulatory Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’

Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space.

30.05 / 12:51

regulation FATF AML Bitcoin bitFlyer adopts crypto deposit limits to comply with Travel Rule

Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule.

26.05 / 17:43

Ford Gap Tesla NVIDIA Marvell Workday Stocks making the biggest moves midday: Ford, Marvell Technology, Paramount, Gap and more

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26.05 / 15:29

CBDC Adoption regulation Federal Reserve Bank of England ECB Bank of Canada retail CBDC 7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

The Bank for International Settlements (BIS) and a group of central banks have published a paper detailing their “ongoing policy perspectives” on a retail central bank digital currency (rCBDC). The new publication is the fifth from the same authors.

26.05 / 01:13

CBDC Central Bank BIS Future Seven Central Banks Contemplate the Future of Retail CBDCs in Latest Report

The Bank for International Settlements, which serves as a “bank for central banks,” released its latest paper examining retail central bank digital currencies, as its members “are approaching a point” as to whether or not they should move forward in their CBDC work.

24.05 / 08:13

Citi FIVE HSBC information Banks face CMA probe into swapping UK bond information in chatrooms

The UK’s competition watchdog has asked five banks to respond to provisional findings that they broke competition law in the aftermath of the financial crisis by exchanging sensitive information in chatrooms during UK bond transactions.

24.05 / 07:17

Blockchain CBDC Adoption regulation Research CBDCs on the horizon: The current state of CBDC initiatives around the world

Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology.

22.05 / 14:55

Digital Extreme Remark Biden Blasts 'Wealthy Tax Cheats' At Group of Seven

Speaking at the G7 Forum conference in Japan, US President Joe Biden drew attention to the ongoing budget talks with lawmakers.

21.05 / 19:31

markets XRP litecoin Altcoin Bitcoin Bitcoin Price 500 These four altcoins could be ready for an up-move if Bitcoin rallies above $27,500

Inexperienced traders usually chase prices higher during the end of the bull phase as they fear missing out on the rally. However, institutional investors tend to wait for the froth to settle before entering. Bitcoin’s (BTC) bear market in 2022 ended the hype that was seen in 2021.

21.05 / 15:19

markets Ethereum Funding Derivatives Bitcoin Options DAI Bitcoin Bears Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest

A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view with Bitcoin (BTC), Ether (ETH) and BNB, on average, gaining 0.3% between May 12 and May 19.

20.05 / 19:11

business Adoption Investments cryptocurrency investment gone Bitcoin FOMO is gone, portfolio managers are taking BTC seriously — 3iQ CEO

As the hype around Bitcoin (BTC) has faded, institutional investors and portfolio managers have begun looking at the major cryptocurrency as a "serious venue" to invest in, claims Fred Pye, CEO of 3iQ, Canada's first Bitcoin fund issuer.

19.05 / 17:21

Provident Platform Quadrigacx QuadrigaCX Users to Receive Interim Distribution

Users of the now-defunct Canadian cryptocurrency exchange QuadrigaCX are expected to receive interim distribution of funds tied to bankruptcy proceedings in the coming weeks. Law firm Miller Thomson, which represents QuadrigaCX users, announced the news on May 8. Bankruptcy trustee Ernst & Young has consulted with estate inspectors to announce the interim distribution. In the near future, the trustee will post a Notice to Affected Users providing details about the manner and procedure of the distribution.

17.05 / 17:37

Citi Provident Digital Ripple CEO Action coinbase Swiss regulatory Ripple Buys Swiss Crypto Startup Amid US Regulatory Uncertainty

Financial technology company Ripple acquired Switzerland-based crypto custody firm Metaco as U.S. crypto firms look overseas amid a regulatory crackdown at home.

17.05 / 13:03

Ethereum Adoption Market Update Celsius Bitcoin Dollar National Debt New survey says Bitcoin is safer than the US dollar — Watch The Market Report

On today’s episode of The Market Report, analyst and writer Marcel Pechman discusses if Bitcoin (BTC) is safer than the United States dollar, considering the U.S. government’s risk of defaulting on its debt. He also covers why Bitcoin’s $28,000 resistance will not be a walk in the park and, finally, what is happening between Celsius, Ethereum and Lido staking. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

16.05 / 23:43

UPS Citi IPO Fighting IPOs International How international exchanges are stepping up in the fight for IPOs

As City leaders fear losing more listings to New York, international exchanges are also fighting hard to compete for IPOs.

15.05 / 17:09

Ethereum CBDC regulation Europe Bitcoin G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets

The G7 committee recently met in Niigata, Japan, to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs) and the laws governing the transfer of cryptocurrency assets.

15.05 / 08:59

UPS Provident Digital Google Southern Fortress Vice Media files for bankruptcy to enable sale to lenders including Soros and Fortress

Once a digital media darling, Vice Media Group on Monday filed for bankruptcy protection after years of financial troubles.

14.05 / 10:05

scam Quadrigacx Bankruptcy Crypto Exchange Crypto Exchange QuadrigaCX Former Users Set to Receive 13% on the Dollar in Bankruptcy Proceedings

Former users of now-bankrupt Canadian crypto exchange QuadrigaCX are set to receive 13% of their total claims.

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