Canada Financial News

19.04 / 23:53

business coinbase exchanges week Coinbase gets Bermuda license, offshore exchange could launch next week: Report

United States-based cryptocurrency exchange Coinbase has received a license to operate in Bermuda and it's reportedly set to launch a derivatives exchange based there as soon as next week.

19.04 / 05:39

NFT Polygon Metaverse community Meta Ceo Blockchain Game Trump Nifty News: Trump drops more NFTs ahead of presidential run, Meta opens to teens and more

Another round of digital nonfungible tokens (NFTs) trading cards have dropped bearing the likeness of former United States President Donald Trump, with 38,001 minted on Polygon (MATIC).

14.04 / 13:19

Blockchain Stablecoin Adoption Paxos Enterprises should seek partners and solutions during the crypto winter: Paxos report

Blockchain infrastructure provider Paxos has recently published a report, that aims at helping the community look beyond the crypto winter and understand how to respond to the current market conditions.

14.04 / 09:35

Blockchain Ethereum ETH Provident Binance Platform Pool Conflux to Bring Uniswap v3 and Curve to China's Public Blockchain

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

13.04 / 20:11

business Gemini Gemini files for pre-registration undertaking in Canada

On April 12, cryptocurrency exchange Gemini announced it filed a pre-registration undertaking with the Ontario Securities Commission (OSC), which oversees capital markets in Canada's most populous province. The undertaking is a prerequisite to becoming a restricted dealer in Canada and is necessary for all cryptocurrency exchanges wishing to conduct business in the country. Cynthia Del Pozo Garcia, Gemini's director of strategy and corporate development, wrote:

12.04 / 22:29

markets business Government Technology Paxos regulatory Paxos set to withdraw from Canada amid regulatory uncertainty

Paxos, a fintech company that offers blockchain-based solutions for the global financial industry, has announced its decision to withdraw from the Canadian Market.

12.04 / 21:17

business Adoption Police Calgary Chainalysis and Calgary police launch cryptocurrency investigation center

A joint task force featuring investigators from the Calgary police department and analysis from blockchain data firm Chainalysis, dubbed the Western Canada Cryptocurrency Investigations Centre, was officially launched on April 12.

12.04 / 18:07

Target Bank of Canada Stands Pat on Rates on Expectation of Inflation, Growth Slowdown

OTTAWA—The Bank of Canada kept its main interest rate unchanged for a second straight decision, saying it was persuaded by recent data that inflation and economic activity are set to slow quickly in the coming months.

12.04 / 09:55

regulation Taxes Agency Tax Agency Spanish tax agency to send over 328K notices to crypto holders

The State Tax Administration Agency of the Government of Spain (AEAT) increases its efforts to charge the local holders of crypto assets. The AEAT intends to dispatch 328,000 warning notices to those who should pay their taxes on crypto for the 2022 fiscal year.

12.04 / 09:47

CBDC Central Bank G7 G-7 Aims to Aid Developing Nations in Introducing Central Bank Digital Currencies

The Group of Seven (G7) organization aims to help developing countries introduce central bank digital currencies (CBDCs) in line with international standards.

12.04 / 08:25

Blockchain COST BTC Digital Racing Bitcoin BTC Mining BTC Mining Report Draws Criticism

The New York Times' recent report on Bitcoin mining, «The Real-World Costs of the Digital Race for Bitcoin,» has been met with criticism from BTC proponents. The article claims that Bitcoin mining has a «voracious» appetite and uses as much energy as all residences in New York City. However, some analysts have pointed out that the article cherry-picks data and neglects the increasing use of renewable energy in the mining sector.

11.04 / 20:37

Ethereum BTC Lowe's Digital MicroStrategy Bitcoin Crypto Investment Products Bitcoin continues to shine with 98% of inflows into crypto investment products

On April 11, European cryptocurrency investment firm CoinShares published its latest “Digital Asset Fund Flows Report,” revealing that digital asset investment products experienced positive sentiment with inflows totaling $57 million last week, bringing inflows back to a net positive position year-to-date. However, despite this, "volumes were low at $970 million for the week," and the global Bitcoin (BTC) exchange market also saw low volumes, which "were just 25% of the year-to-date average at $18 billion for the week."

10.04 / 14:49

Adoption Mining regulation Bitcoin BTC Mining Bitcoin proponents respond to New York Times’ BTC mining report

The New York Times’ latest report on Bitcoin (BTC) mining, titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponents — some of whom took to Twitter to call out certain aspects of the report, including saying it was “cherry-picking” data.

09.04 / 01:15

Blockchain Ethereum Waves Lowe's Digital Platform As dYdX [DYDX] freezes out of Canada, how did its indicators perform

On 7 April, dYdX [DYDX] announced that the firm would begin the process of limiting access to its platform for users located in Canada. The first step involved suspending the onboarding of new users from the country. Then, as per the announcement, on 14 April, dYdX will transition all Canadian users into a “close-only mode,” permitting them to only withdraw their funds.

07.04 / 22:11

Dogecoin business Square Crypto Biz: Twitter’s DOGE bet, Canada’s new crypto conglomerate, UK banking news

Twitter CEO Elon Musk has made another marketing move to bridge the social media platform with the crypto community by switching its logo icon to the Shiba Inu dog — Dogecoin’s (DOGE) digital symbol. The move, however, seems to be more than just an engagement strategy. It comes just two days after Musk asked a judge to dismiss a $258 billion lawsuit alleging the operation of a pyramid scheme to promote Dogecoin.

07.04 / 20:49

business Law Decentralized Exchange transparency services Decentralized exchange dYdX announces 'winding down' of services for Canadian users

Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.

06.04 / 22:01

Government Law Stablecoin us government DeSantis is right — CBDCs will lead to absolute government control

Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical that Americans clearly understand and soberly consider the immense power a CBDC could grant governments as well as the unacceptable risk of that power’s potential abuse.

06.04 / 05:59

business Adoption OpenAI faces Canadian privacy probe alleging personal info harvesting

OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection and use of personal information without consent.

04.04 / 15:03

Blockchain Ethereum ETH Bitcoin Before They Go Mainstream: Blockchain Futurist Conference Showcases Top Web3 Speakers and Emerging Trends for 5 Years

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

03.04 / 16:27

business Blockchain Technology Trading Web3 WonderFi merges with Coinsquare and CoinSmart to form regulated crypto asset platform

Canadian-based companies WonderFi Technologies Inc., Coinsquare Ltd., and CoinSmart Financial Inc. have announced their merger to create Canada's largest regulated crypto asset trading platform with over 1.65 million registered users.

03.04 / 13:07

UPS Man Platform scam Lost Scammer Quebec Resident Lost $205,000 to a Crypto Scammer – Here’s What Happened

A resident of Quebec, Canada, has explained how he was duped out of almost $205,000 worth of tokens in an elaborate crypto scam.

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