Canada Financial News

08.06 / 10:01

BTC ETF Action Bitcoin ‘Undervalued’ Bitcoin [BTC] gets new profit-seekers in the form of…

The cryptocurrency market, at press time, was undergoing yet another correction period. The swift and bearish price action resulted in roughly $133 million in Bitcoin and Ethereum positionsliquidated as per CoinGlass. It goes without saying, this development has induced more fear amongst the investors.

07.06 / 17:43

business Blockchain Adoption Bitcoin Standard The business of a Bitcoin standard: Profit, people and passion for good food

The Canadian restaurant franchise Tahini’s serves Middle East-inspired food with a Bitcoin-inspired twist.

07.06 / 05:59

business ETF stocks Spot Crypto ETFs crypto ETFs Australian Two more spot crypto ETFs launch on Australian markets

A further two cryptocurrency-backed exchange-traded funds (ETFs) have launched on the Cboe Australia exchange on June 7 bringing the total amount of crypto ETFs available to Australian traders to six.

05.06 / 10:59

BTC ETF ETN Bitcoin Report: With European Bitcoin ETPs going strong, here’s what’s in store for BTC

A new study by Arcane Research has stated that the global Bitcoin ETP holdings have reached an all-time high. The month of May was already a productive month for ETPs but June has already witnessed the momentum soar higher. However, the ETP holdings are not consistent across the world with Europe still indicating the rule of the bears.

05.06 / 10:35

business Blockchain Technology Adoption Global Web3 metaverse and tax initiatives continue in the face of a market meltdown

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.

02.06 / 21:07

Target Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above

OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest rate, from its current 1.5% level to 3% or higher, to drive inflation toward its 2% target, a senior central bank official said Thursday.

02.06 / 19:01

Ethereum Binance Gaming Bitcoin Another Bitcoin Mining Scrutiny, Layoffs at Crypto Exchanges, Binance in Canada + More News

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

01.06 / 22:13

ETF Investments Bitcoin Holdings Canadians buy the dip as Purpose Bitcoin ETF holdings reach new highs

Despite May’s price correction, which took Bitcoin (BTC) as low as $23,800, institutional investors seem unwilling to lose confidence in the cryptocurrency.

01.06 / 17:31

Target Bank of Canada Raises Rates Again and Vows to Be Forceful on Inflation

OTTAWA—The Bank of Canada on Wednesday increased its policy interest rate by a half-percentage point, its second consecutive jumbo-sized move, and said that, if necessary, it is willing to act more forcefully to drive inflation down from near 7% to its 2% target.

31.05 / 13:07

Blockchain BLOCK Google Discover Taiwan is Most Interested in NFTs, Says NFT Club Research

Taiwan is where people are the most interested in non-fungible tokens (NFTs), according to research conducted by NFT Club.

30.05 / 18:41

business Adoption Interest rates Bitcoin Ledn CeFi interest on the wane: Will BlockFi, Ledn and Nexo rates trend lower?

Generating a yield on crypto is increasingly tricky. The Terra ecosystem implosion — where up to $50 billion was wiped out — led to a decline in decentralized finance (DeFi) protocols offering interest.

26.05 / 05:51

Adoption Survey NOT Developing countries love the Metaverse, rich nations not keen: WEF survey

Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the World Economic Forum (WEF).

24.05 / 09:45

Blockchain Stablecoin Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23

It’s been two weeks since the shock of the TerraUSD (UST) depegging, but the long waves of this event are still coming in. The Congressional Research Service described the UST crash as a “run-like” scenario and claimed that the crypto industry has not reached the same level of “adequate regulating” as the traditional finance market.

23.05 / 14:17

Target economics inflation Bitcoin Inflation Should Be Viewed as Public Enemy Number 1

Jannie Rossouw, Visiting Professor at the Business School, University of the Witwatersrand._____

21.05 / 13:35

European Union NATO Russia cuts gas supplies to Finland for 'refusing to pay in roubles'

Russian energy giant Gazprom said on Saturday it had suspended all gas deliveries to Finland after Helsinki refused to pay in roubles.

21.05 / 01:25

Trading Cryptocurrency exchanges Deal Bitbuy Is Serving The Hottest Deal For Bitcoin Pizza Day - Get a FREE $100 when you sign up & fund your account. T&Cs apply

Disclaimer: The following article is part of Cryptonews Deals Series and was written as a promotional article in collaboration with the sponsor of this offer. If your company has an exclusive promotion that you would like to share with our readers, we invite you to reach out to us. Let’s build together.

20.05 / 14:49

Ethereum G7 Bitcoin G7 Keeps Pushing for Crypto Regulation, Here's What's Already Happening

The finance ministers and central bankers of the Group of Seven (G7), which comprises the world’s most advanced economies, have once again called for the rapid introduction of comprehensive regulations of cryptoassets in the aftermath of the recent UST stablecoin crash.

20.05 / 00:49

Stablecoin regulation financial stability Financial G7 financial officials call on Financial Stability Board to step up crypto regulation—report

The top financial officials from the Group of Seven (G7) largest advanced industrial economies has called on the Financial Stability Board to speed up crypto-asset regulation, Reuters reported Thursday, citing a copy of a communique it had obtained. The officials from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States were meeting in Koenigswinter, Germany, following a G7 foreign ministers’ meeting earlier in the week.

19.05 / 23:37

Adoption Bitcoin Try topping this: PizzaDAO celebrating Bitcoin Pizza Day with 100 parties worldwide

Pizza DAO, the decentralized blockchain project seeking to unite the global community of pizza fanatics with the technological potential of Web3, are celebrating Sunday's Bitcoin Pizza Day in authentic style.

19.05 / 15:17

COST Airlines Cisco JetBlue wholesale Stocks making the biggest moves premarket: Kohl's, BJ's Wholesale, Spirit and more

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18.05 / 21:21

Provident ETF SEC Bitcoin This may be the white swan to the black swan of UST’s crash

UST’s crash was the black swan event which confirmed that crypto-winter is here. Additionally, the market’s failure to register significant recovery further enforced this conclusion. Investors are now left wondering how long the crypto-winter will last, but Grayscale’s ETF applications might provide us a reasonable timeline.

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