City Ottawa Financial News
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.
11.04 / 14:45
01.04 / 16:13
Entertainment
Netflix
scam
Quadrigacx
New Netflix Crypto Scam Documentary 'Excites' But Also 'Razzle-Dazzles'
Exploring the mysterious circumstances of the collapse of Canadian crypto exchange QuadrigaCX and the death of its founder, Gerald Cotten, Netflix’s latest documentary is storming through the platform, topping the top 10 lists across the world.
22.03 / 14:45
cryptocurrency
Legal
Bitcoin
Freedom Convoy
crypto donations
Crypto Donations To 'Freedom Convoy' Evade Government Seizure - Report
Despite the efforts by the Canadian government, most of the CAD 1.1m (USD 874,000) worth of cryptoasset donations made to the trucker protests (aka "Freedom Convoy"), an initiative that evolved out of the anti-COVID-19 health mandate protests, have reportedly dodged seizure by the authorities.
16.03 / 09:49
business
cryptocurrency
Puzzle
Bitcoin
Future
The-future-of-crypto-is-boring — and-bright
Crypto markets still have many puzzles, but they are beginning to reveal their secrets. The last few months of chaos show what Bitcoin and other crypto assets are good for: They are advanced tools of globalisation, luxury goods for complex, well-functioning markets — not protections against the depredations of hostile governments.
16.03 / 07:33
cryptocurrency
Puzzle
Bitcoin
Future
Opinion: The Future of Crypto Is Boring - And Bright
Crypto markets still have many puzzles, but they are beginning to reveal their secrets. The last few months of chaos show what Bitcoin and other crypto assets are good for: They are advanced tools of globalization, luxury goods for complex, well-functioning markets — not protections against the depredations of hostile governments.
01.03 / 13:35
UPS
Enterprise
Patrick
Freedom Convoy
Canadian Court Extends Rare Order, Freezes up to $20M in crypto to 'Freedom Convoy'
In Canada, Ontario Superior Court has frozen millions of dollars and cryptocurrencies linked to organizers of the Ottawa’ Freedom Convoy’ protest by obtaining a so-called Mareva injunction.
23.02 / 14:29
Twitter
CEO
coinbase
Kraken
The Ontario Securities Commission Flags Crypto Exchanges CEO's Tweet to Law Enforcement
The Ontario Securities Commission has flagged Twitter posts to the law enforcement by the CEOs of cryptocurrency exchanges Kraken and Coinbase Global Inc., according to the Logic report.
22.02 / 13:33
coinbase
Kraken
Police
reports
Canadian Regulator Reports Coinbase, Kraken CEOs' Crypto Custody Tweets
The crypto fallout from Canada’s so-called “truckers’ protest” is continuing to make its presence felt – with a financial regulator reporting the heads of the American crypto exchange giants Kraken and Coinbase to the Royal Canadian Mounted Police, the Canadian national police force, over their Twitter activity.
20.02 / 20:11
Target
Platform
Kraken
Bitcoin
Freedom Convoy
Canada: Bitcoin, Freedom Convoy 2022, and what if ‘push came to shove’
The Freedom Convoy 2022 trigged shockwaves across the planet as millions tuned in to watch Canada’s truckers blockade roads to protest COVID-19 vaccine mandates and regulations. Now, with authorities trying to cut off crypto-funding to the Freedom Convoy’s organizers, many are wondering if crypto exchanges and platforms will be on the hit list soon.
20.02 / 06:27
Ethereum
cryptocurrency
solana
Bitcoin
Cryptocurrency Prices Today : Bitcoin, Ethereum, Avalanche register a marginal dip
The global cryptocurrency market capitalisation fell 1.01 percent over the last 24 hours to $1.81 trillion while trading volumes were down about 25.85 percent to $53.91 billion.
17.02 / 12:55
Citi
Target
BLOCK
RCMP Requests Exchanges to Stop Trading with 34 Crypto Wallets, amid the Freedom Fleet Protest
The Royal Canadian Mounted Police has asked several Canadian cryptocurrency exchanges to block transactions on 34 crypto wallets related to the truckers’ “Freedom Fleet” protest, according to the Financial Post report.
17.02 / 01:17
Government
Blockchain
Adoption
Bitcoin
RCMP asks crypto exchanges to halt trading for wallets connected to truck convoy protests
As reported by Canadian news outlet The Globe and Mail, the Royal Canadian Mounted Police (Canada's federal police force) sent letters to several cryptocurrency exchanges demanding that they "cease facilitating any transactions" with more than 30 specific cryptocurrency wallet addresses linked to the ongoing truck protests in the country. The letter writes:
14.02 / 09:11
Protest
Venice
love
Key US-Canada bridge reopens after police clear protesters
The busiest US-Canada border crossing reopened late Sunday after protests against COVID-19 restrictions closed it for almost a week, while Canadian officials held back from a crackdown on a larger protest in the capital, Ottawa.
11.02 / 22:11
cryptocurrency
Adoption
Legal
Bitcoin
freeze
Canadian Trucker Protesters Eye Bitcoin Amid Court-Ordered Fund Freeze
The government of Canada’s Ontario has obtained an order from the province's Superior Court of Justice that allows freezing some USD 9.4m in funds collected through crowdfunding platform GiveSendGo for the 'trucker protest' -- encouraging calls by some of the protest’s supporters to develop a bitcoin (BTC)-based strategy that could ensure continued funding for the truckers.
10.02 / 14:41
Bank of Canada Gov. Macklem: Current Rate of Inflation ‘Too High’
OTTAWA—Bank of Canada Gov. Tiff Macklem said Canada’s current rate of inflation “is too high” and requires a pivot in monetary policy to return increases in the consumer-price index back to the central bank’s 2% target.
26.01 / 22:31
Progressive
Bank of Canada Says Rate Increases Are Coming
OTTAWA—The Bank of Canada held its main interest rate steady at 0.25%, but said rate increases are on the horizon to deal with elevated inflation and an economy running at or near full tilt.
26.01 / 11:55
Economists Split on Whether Bank of Canada Raises Rates Wednesday
OTTAWA—Canada’s central bank is on the verge of raising rates given inflation pressures, analysts say, although they disagree on whether the increase is coming Wednesday or not until March or later.
19.01 / 18:39
COST
Canada Inflation Reaches 30-Year High, Placing Spotlight on Central Bank
OTTAWA—Canada’s annual inflation rate edged upward in December to reach a three-decade high, a result that is bound to add pressure on the Bank of Canada to begin raising rates as early as next week.
15.01 / 01:35
business
Law
Bitfinex
Bitfinex advises Ontario-based users to close accounts before March 1
In a Friday announcement, Bitfinex said it would be immediately closing the accounts for Ontario-based customers who have no balances on the platform. In addition, it planned to restrict access to those who do not have open positions in the exchange’s peer-to-peer financing market or open margin positions.
13.12 / 21:53
UPS
Target
Canada Renews Central Bank’s Inflation-Targeting Mandate
OTTAWA—The Canadian government and Bank of Canada agreed Monday to renew the central bank’s mandate to target 2% annual inflation, with an emphasis on giving the central bank flexibility to address economic challenges and help obtain full employment when conditions warrant.
what's happening in city Ottawa
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