Canada Financial News

22.07 / 16:49

U.S. Trade Complaint Against Mexico Puts López Obrador in a Corner

The U.S. challenge to Mexico’s nationalist energy policies creates a dilemma for President Andrés Manuel López Obrador—one that could either force him to retreat from his populist agenda or face retaliatory tariffs from Mexico’s biggest export market.

22.07 / 09:37

business Blockchain Electricity Texas Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.

21.07 / 10:15

Nord Stream 1 restarts with fears of reduced capacity

Natural gas has started streaming again through the Nord Stream 1 pipeline after a 10-day shutdown, its operator has said, but the gas flow is expected to fall well short of full capacity.

20.07 / 17:31

Fighting U.S. Initiates Trade Fight With Mexico Over Energy Policy

WASHINGTON—The U.S. launched a trade fight against Mexico Wednesday, accusing President Andrés Manuel López Obrador’s government of favoring its state-owned utility and oil company at the expense of American businesses.

19.07 / 22:01

European Union Gas flows through Nord Stream to resume after 10-day maintenance

Gazprom is expected to restart gas flows through the Nord Stream 1 pipeline Thursday, after the completion of a 10-day maintenance that has put EU leaders on edge.

19.07 / 14:49

Adoption Lightning Network lightning Bitcoin network Busking on Bitcoin: How Lightning Network outperforms Ethereum for tipping

The Canadian band The Carbons got a little more than just a tip during a live performance in Kelowna, British Columbia. When passerby Ben from BTCSessions, a Youtuber and Bitcoin (BTC) educator, saw that the band accepted Bitcoin, he had to send some magic internet money their way.

15.07 / 02:43

Stablecoin Adoption regulation Leverage Crypto markets need to hit ‘total panic’ before revival: Kevin O’Leary

Millionaire investor from the Shark Tank TV show Kevin O’Leary says there’s going to be “total panic” and “massive volatility” in the crypto markets ahead before the industry swings back toward stronger firms and clearer regulations.

13.07 / 21:53

Blockchain Adoption Why Alex Tapscott quit his high-paying job to write a book about Bitcoin

"In 2015, I quit my job at the tender age of 29 to do something I'd never done, which is to write a book with no idea of what would come afterward." Fast forward seven years later, Alex Tapscott is now a renowned Canadian business author known for his national bestseller Blockchain Revolution: How the Technology Behind Bitcoin is Changing Money, Business, and the World. Aside from his writing ventures, Tapscott also serves as the founder and CEO of digital assets investment company NextBlock and is the co-founder of Blockchain Research Institute along with his father, Don Tapscott.

13.07 / 17:21

Target Bank of Canada Surprises With Full-Point Rate Rise to Combat Inflation

OTTAWA—The Bank of Canada on Wednesday raised its policy rate by a full percentage point and judged that further rate increases are necessary, marking one of the most dramatic moves to date by a developed-world central bank to drive down inflation.

11.07 / 18:25

Progressive CEO SoftBank valuation Klarna valuation plunges 85% to $6.7 billion as 'buy now, pay later' hype fades

Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and «buy now, pay later» lenders.

11.07 / 10:47

tennis Nord Stream pipeline begins annual maintenance, with Europe concerned shutdown could be extended

The Nord Stream 1, the biggest single pipeline carrying Russian gas to Germany, starts annual maintenance today, with flows expected to stop for ten days.

10.07 / 09:57

Blockchain ATM Bitcoin US dominates crypto ATMs installations and BTC hash rate worldwide

Despite the myriads of state and federal regulatory hurdles faced by crypto businesses in the region, the United States plays a major role in preserving the Bitcoin (BTC) and crypto ecosystem. With China moving out of the picture following a permaban on crypto, the United States maintains the top position in terms of hash rate contribution and ATM installations worldwide.

08.07 / 13:21

CBDC regulation IMF Framework International US Treasury Develops Framework For Path Towards International Crypto Regulations

While the US authorities are intensifying work on developing crypto regulations, the country’s Department of Treasury has presented to President Joe Biden a framework to facilitate international cooperation on introducing such regulations and standards at the international level.

07.07 / 18:41

Government Adoption Bitcoin lawmaker The Moscow Exchange is a good base for crypto trading, Russian lawmaker says

Russia continues sending mixed messages about the legal status of cryptocurrency, with a parliament official urging to launch crypto trading on the country’s largest stock exchange.

06.07 / 18:17

Blockchain Provident Platform Software Dello is Making Everyday Crypto Payments Easy

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

06.07 / 14:47

Digital Platform Voyager Digital files for bankruptcy protection as crypto turmoil continues

Cryptocurrency broker Voyager Digital said that it has filed for Chapter 11 bankruptcy protection, days after it suspended withdrawals and trading on its platform amid growing turmoil in digital-currency markets.

06.07 / 14:29

Stablecoin SEC Europe UK financial stability Financial regulatory Regulatory Scrutiny Increasing as Crypto Becomes Financial Stability Risk – Report

There has been a sharp increase in regulations targeting the crypto space, with regulatory bodies mainly in North America and Europe aiming for everything from non-fungible tokens (NFTs) to stablecoins and ordinary cryptocurrencies, found a global RegTech (regulatory technology) firm CUBE.

06.07 / 13:31

BLOCK Digital Platform Arrow Voyager Digital Files Chapter 11 Bankruptcy in New York

Cryptocurrency broker Voyager Digital Ltd. said that it has filed for Chapter 11 bankruptcy in New York.

06.07 / 12:03

UPS Digital Southern Voyager Digital files for Chapter 11 bankruptcy protection

Popular cryptocurrency lender Voyager Digital declared bankruptcy late Tuesday, becoming the second high-profile crypto-firm to do so in recent days. Voyager, based in Toronto, filed for Chapter 11 bankruptcy protection in the Southern District of New York on Tuesday. It estimates that it has more than 100,000 creditors and assets worth between $1 and $10 billion. The same range was also recorded for its liabilities.

05.07 / 17:37

Digital ETF Racing Bitcoin What inflows worth $51M in short-Bitcoin investment products mean

Halfway through 2022 and the cryptocurrency market has already witnessed a mass liquidation phase. The end of Q2, for instance, recorded $423 million worth of outflows for digital asset products. But now, this narrative witnessed significant changes as the market continues to regain its footing.

05.07 / 05:05

business ETF Bitcoin Futures Bitcoin Weekly Institutional investors shorting Bitcoin made up 80% of weekly inflows

Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week.

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