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Mining company Hut 8 is shutting down its Bitcoin mining platform in Drumheller, Alberta, Canada.
The British Columbia Securities Commission (BCSC) says the now-defunct crypto exchange Einstein Exchange operated as a Ponzi scheme after becoming insolvent in 2018. The BCSC has disclosed its allegations against Michael Ongun Gokturk, the sole director of three now-defunct crypto…
The Federal Court of Canada has ruled that Prime Minister Justin Trudeau’s use of emergency legislation to suppress the “freedom convoy” protests in 2022, was “unreasonable.” On Jan. 23, a Canadian federal court ruled that Prime Minister Justin Trudeau’s decision…
Canadian cryptocurrency exchange CatalX halted operations following a suspected insider job that resulted in a “security breach.” CatalX CTS Ltd., the Canadian crypto exchange operator, said in a press release on Dec. 28 that it had suffered a “security breach”…
Coinsquare and Bitbuy have apparently become two dominant crypto platforms in Canada, with over $1 billion in combined client cash and crypto under custody. In a press release on Dec. 6, 2023 WonderFi said its subsidiaries — Coinsquare and Bitbuy…
In 2023, the number of cryptocurrency owners in Canada decreased slightly, but the average holdings increased significantly. According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets. While the number of Canadians…
Canada's Office of the Superintendent of Financial Institutions has initiated a consultation process to develop guidelines for how banks should report their exposure to crypto.
WonderFi, through its subsidiary Bitbuy, has strategically acquired Bitvo.com, significantly increasing its share in Canada's regulated cryptocurrency exchanges and altering the competitive landscape.
According to a CoinGecko report dated Nov. 3, only 8 countries around the world offer spot Bitcoin ETFs.Â
The recent report from Chainalysis offers an insightful look into the crypto market in North America, examining its global dominance, the impact of institutional investments, etc. The Chainalysis report posted on Oct. 23 shows the dominant position of the United…
Although Calgary citizens reported 340 cryptocurrency scam cases this year, police believe scams are ‘vastly underreported.’ Citizens of Calgary, Canada, have been targeted by at least 340 cases of scam in 2023, losing a total sum of more than $22.5…
European crypto exchange Bitstamp is leaving the Canadian market, saying it will discontinue its services in Canada starting January 2024. Cryptocurrency exchange Bitstamp is withdrawing from Canada starting January 2024 as the country imposed stricter rules on crypto companies. In…
The Canadian Securities Administrators (CSA) has issued new guidelines clarifying the treatment of stablecoins in the country, acknowledging their importance
Coinbase is the latest crypto company to secure full regulatory approval in Singapore.
WonderFi has announced a strategic partnership between its subsidiary, Bitbuy Technologies Inc., and Localcoin, the largest Bitcoin ATM provider in Canada. Under this partnership, Bitbuy’s digital asset services will now cover up to half of the Bitcoin ATMs in the…
Coinbase, a crypto exchange, will discontinue the trading of USDT, DAI, and RAI stablecoins for its Canadian users from September 2023