Canada Financial News

24.02 / 09:29

business Investments Aussies revealed as prime targets of Israel crypto scam syndicate

Australian residents have been identified as one the primary targets of a sophisticated network of cryptocurrency call-center scammers — which are suspected to be run by Israel-based crime bosses.

23.02 / 23:39

business Blockchain testing MEXC reserves MEXC Global publishes proof of reserves after month long testing

On Feb. 22, cryptocurrency exchange MEXC Global released its proof-of-reserves (PoR) snapshot after 45 days of testing. In a document seen by Cointelegraph, MEXC claimed its reserve ratios for Tether (USDT), USD Coin (USDC), Bitcoin (BTC), and Ethereum (ETH) were 120.70%, 240.18%, 116.50%, and 110.53%, respectively via the Merke Tree method.

23.02 / 17:49

Brazil Suspends Beef Exports to China After Finding Mad-Cow Disease

SÃO PAULO—Brazil, the world’s largest beef exporter, halted shipments of meat to China after confirming a case of mad-cow disease, raising concerns among farmers over a drawn-out beef ban from the country’s biggest trading partner.

23.02 / 17:27

BLOCK Platform PRU guidelines Canadian Securities Administrators (CSA) publishes new crypto guidelines

The Canadian Securities Administrators yesterday (22 February) issued a press release outlining new guidelines for the local crypto industry. It warned cryptocurrency exchanges and other platforms that they would be held accountable for increased investor protection commitments.

23.02 / 00:49

Stablecoin regulation security crypto trading platforms New Canadian rules for crypto trading platforms leave little room for stablecoins

The Canadian Securities Administrators (CSA) published a notice on Feb. 22 describing new commitments it expects from crypto asset trading platforms (CTPs) seeking registration in Canada. The CTPs will enter into a new version of preregistration undertakings (PRUs), which are legally binding documents. Registered CTPs will be contacted by their principal regulators about compliance with the new expectations.

20.02 / 19:37

Digital Asset Asset Funds Digital Asset Funds Digital Asset Funds See $32M Outflows Amid U.S. Crypto Crackdown

Digital asset investment funds saw $32 million in net outflows last week amid a flurry of aggressive regulatory actions from U.S. authorities.

15.02 / 14:35

Blockchain Provident Lowe's Digital Mobile Software network China Telecom and Conflux Network to pilot Blockchain enabled SIM card in Hong Kong

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

15.02 / 14:05

cryptocurrency Banks Bloomberg Opinion The creeping menace of central banks' crypto dreams

Should the state be in the payments business? It's a simple question but that is in essence what a central bank digital currency would amount to. A digital pound, dollar, euro or renminbi is not some token with illusory investment upside that is implied by monikers such as "Britcoin.” CBDCs are more akin to stolid stablecoins rather than currencies. Unfortunately, their potential to erode free enterprise is all too real. Controlling how, what and when money is transferred is not a place government bodies should be competing, with a massive advantage, against the rest of the monetary system.

14.02 / 04:49

business Mining Bitcoin Hashrate BTC Miners Iris Energy to nearly triple hashrate with estimated 44,000 new BTC miners

Australia-based Bitcoin (BTC) mining company, Iris Energy, revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs.

13.02 / 19:08

Digital Bitcoin Investors Interested in Digital Assets Despite Volatile Market

The European cryptocurrency investment company CoinShares released its «Digital Asset Fund Flows Report» on February 6. The report revealed that investors are demonstrating a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.

13.02 / 18:56

Blockchain UPS Provident Binance Platform Interface Binance Launches Tax Reporting Tool to Help Users Comply with Local regulations

Because the tax season is just around the horizon for many nations, businesses in the cryptocurrency sector will need to be ready to assist their customers in complying with the requirements that are in place in those countries.

12.02 / 11:13

business Adoption Binance fees students Binance Pay Canadian University Dubai backtracks on accepting crypto via Binance Pay

Not even 24 hours after the Canadian University Dubai (CUD) announced its partnership with Binance Pay to accept course fees in cryptocurrencies, a technical roadblock watered down the excitement behind the short-lived initiative.

09.02 / 15:17

Adoption NFT Metaverse Here’s a list of countries that love the metaverse the most

A recent analysis of more than a million tweets showed a list of countries that love and hate the metaverse, with Vietnam showing the most love for the concept and Ireland topping the opposite side of the spectrum.

09.02 / 13:35

business Adoption Mining regulation Mining Pools Russian government subsidizes crypto mining facility in Siberia

The crypto mining industry has faced moratoriums in some parts of the U.S. and Canada in recent months. Now, Russia provides tax incentives for those who want to invest in crypto mining. The new $12 million crypto mining center will open in East Siberia with the direct support of the government.

09.02 / 08:03

business Mining Bitcoin Hut 8 merger would've happened even without FTX or crypto turmoil, says CEO

Crypto exchange FTX’s collapse and overall crypto market turmoil were not key factors in the decision to merge crypto mining firm Hut 8 with US Bitcoin Corp., according to Hut 8 CEO Jamie Leverton.

07.02 / 19:31

business Mining Crypto mining firms Hut 8 and US Bitcoin plan merger

Canada-based cryptocurrency mining company Hut 8 Mining has announced plans to merge with U.S. Bitcoin to form Hut 8 Corp, or "New Hut".

07.02 / 19:17

Blockchain Binance BNB Tether Bitfinex coinbase Starkware Holdings Withdrawals Today in Crypto: Lido V2 Upgrade to Bring Withdrawals and Staking Router, BANXA Holdings Integrates with MetaMask, Ramp Reveals Off-ramp Product, StarkWare to Partner with Chainlink Labs

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

07.02 / 16:05

markets Ethereum Investments Grayscale Bitcoin Bitcoin takes 'lion's share' as institutional inflows hit 7-month high

Bitcoin (BTC) rebounding 40% in January sparked the largest inflows of institutional cash since June 2022, data shows.

06.02 / 20:43

business Blockchain Technology Investments Web3 Market Update Bitcoin dominates as primary focus for digital asset investors: Report

On Feb. 6, European cryptocurrency investment firm CoinShares published its “Digital Asset Fund Flows Report,” which revealed that investors are showing a strong interest in digital asset investment products, with inflows totaling $76 million last week, marking the fourth consecutive week of inflows.

06.02 / 19:57

Ethereum Binance Charity UK Bitcoin Prison ad Today in Crypto: Bitget to Direct ₺1M to Help Turkey Earthquake Victims, UK Sets Prison Punishment for Breach of New Crypto Ad Regime, Interpol Wants to Police Metaverse

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

06.02 / 11:11

business Binance defi regulation Taxes Crypto users Binance Tax launched to prepare crypto users for the tax season

For many countries, the tax season is right around the corner, which means companies in the crypto industry will need to be ready to help their users comply with local regulations.

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