Canada Financial News

18.04 / 20:23

business Adoption regulation Backed Kevin O’Leary-backed WonderFi to acquire Canadian crypto exchange Coinberry for $38.5M

WonderFi Technologies, a decentralized finance (DeFi) platform, plans to continue its expansion in Canada by purchasing the Coinberry crypto exchange for $38 million. The platform will be the second regulated crypto exchange under WonderFi once the acquisition is finalized.

18.04 / 14:25

economics inflation Central Bank Why We Can’t Just ‘Stop Printing Money’ to Get Inflation Down

Jacqueline Best, Professor, School of Political Studies, the University of Ottawa.__________

15.04 / 20:11

European Union Refugees 'I focused on survival': Mariupol escapee tells her story of one month in besieged city

While the cruelty toward Ukrainian civilians projected through photographs and news segments bewilders the world, the ongoing siege of Mariupol continues to be the most shocking in its levels of destruction and absolute disregard for human life.

15.04 / 15:39

Twitter Social Media M&A community Crypto Community Welcomes Musk’s Twitter Bid as Obstacles Emerge

Twitter’s board does not welcome Tesla chief Elon Musk’s bid to buy all the shares of the company and is reportedly preparing a ‘poison pill’ defense strategy that would prevent a hostile takeover.

14.04 / 23:55

business Adoption Bank of Canada Quantum computing firm simulates adoption of crypto payments

Multiverse Computing, a quantum computing firm with offices in Canada and Spain, has partnered with the Bank of Canada to run simulations on how the adoption of cryptocurrency might proceed as a payment method.

13.04 / 18:27

Ethereum Pool Reddit Proof-of-stake Ethereum Developer Says Merge Delayed Until a ‘Few Months After’ June

Tim Beiko, a leading Ethereum (ETH) developer working on the blockchain’s transition to proof-of-stake (PoS) – known as The Merge – has said the major network upgrade will not be completed in June.

13.04 / 18:07

Target Bank of Canada Raises Rate by Half Point, Warns of Unanchored Inflation Expectations

OTTAWA—The Bank of Canada pulled the trigger on its biggest rate increase in over two decades and said further rises are necessary to keep long-term inflation expectations anchored closer to its 2% target.

13.04 / 15:47

regulation privacy Central Bank Central Banks Struggle With Privacy-related CBDC Headaches

As a number of countries across the globe are working on developing their respective central bank digital currencies (CBDCs), ensuring a separation between identity and transaction data could produce a better environment for privacy protection and could lead to public confidence and trust in using CBDCs, according to a recent paper released by the Bank for International Settlements (BIS).

12.04 / 23:51

Blockchain CBDC Adoption regulation inclusion Financial BIS releases study of CBDCs and their role in financial inclusion of the unbanked

The Bank for International Settlements, or BIS, released a paper Tuesday on central bank digital currencies, or CBDCs, and how they can be used to meet policy goals for financial inclusion. The paper drew on interviews conducted in the second half of last year at nine central banks that are currently exploring retail CBDCs. It looked at common goals across a range of economic development levels and challenges to inclusion.

12.04 / 18:33

FIVE Bank of Canada Set to Get Aggressive With Half-Point Rate Rise

OTTAWA—The Bank of Canada is widely expected to accelerate efforts to cool high inflation with a half-percentage-point increase in interest rates, and reiterate that more rate rises are required.

10.04 / 15:15

UPS cryptocurrency Twitter Premium elon Elon Musk Proposes Dogecoin For Twitter's Blue Premium Subscription Payment

Musk proposes Twitter Blue subscription shake-up

10.04 / 13:03

business cryptocurrency Twitter Social Media Musk pushes Twitter Blue subscription and dogecoin payments days after becoming top shareholder

Elon Musk, now Twitter's biggest shareholder, has suggested a raft of changes to the social media giant's Twitter Blue premium subscription service, including slashing its price, banning advertising and giving users an option to pay in the cryptocurrency dogecoin.

10.04 / 11:13

Fire Women SpaceX First all-private astronaut crew arrives at ISS

Three wealthy businessmen and their astronaut escort, who blasted off on a SpaceX rocket on Friday, have arrived in orbit at the International Space Station where they'll stay for more than a week.

07.04 / 13:39

business Ethereum PayPal Bitcoin Singaporean fintech adds Bitcoin payments for merchants with BitPay partnership

Nium, a cross-border payments firm based in Singapore, has announced the launch of a new API-based solution that will allow businesses to start accepting cryptocurrency payments.

06.04 / 20:25

markets ETF Bitcoin Bitcoin price drops to $43.5K, but data and BTC’s market structure project strength

Bitcoin (BTC) has been struggling to break the $47,000 resistance and even with today’s drop below $44,000 there is still mounting evidence that the market structure is healthy.

06.04 / 12:51

Ethereum Google fees proof-of-work 3 reasons why Ethereum price can hit $4K in April

Three market catalysts suggest that Ethereum's native token Ether (ETH) is well-positioned to reach $4,000 this month.

05.04 / 16:39

ETF Bitcoin Crypto Bottom is In and ‘Massive Rally’ Awaits, Pantera Capital Predicts

After a 50% decline from the top, the bear market in bitcoin (BTC) and crypto more broadly is probably over for now, and a new “massive rally” is likely to happen within the next year, crypto hedge fund Pantera Capital’s CEO Dan Morehead has said.

05.04 / 09:31

Environment Bitcoin Gryphon and Sphere 3D merger scrapped but carbon-neutral mining continues

Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.

02.04 / 08:27

Blockchain The world has synchronized on Russian crypto sanctions

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.

01.04 / 23:37

business MicroStrategy Gold Crypto Biz: Proof of integrity? Gold industry wants blockchain to solve its biggest problems, March 25–31, 2022

As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff.

01.04 / 05:07

Stablecoin CBDC regulation Bank of Japan official calls for G7 nations to adopt common crypto regulations

A senior official from the Bank of Japan (BOJ) has warned G7 nations that a common framework for regulating digital currencies needs to be put in place as quickly as possible.

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