Coinsquare becomes first Canadian crypto exchange to receive IIROC registration
All crypto exchanges must register with IIROC if they want to operate in Canada, and there is currently a backlog of applications.
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US DOJ Seizes $22M in Bitcoin From a Man Participating in Ransomware Attacks
The US Department of Justice confiscated 719 bitcoins from the 35-year-old Canadian – Sebastien Vachon-Desjardins – for participating in the NetWalker ransomware attacks. At the time of the seizure, the…
More than 30% of Canadians plan to purchase crypto by 2024, says OSC head
Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada.
Coinsquare acquires publicly-traded crypto exchange CoinSmart
CoinSmart reported $16.7 million in gross revenue in 2021 as retail trading volumes soared during the Bitcoin bull market.
Report: Quebec’s Mohawk Council of Kahnawake Seeks Energy to Power Crypto-Mining Opportunities
According to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining…
Canadian PM Justin Trudeau says investing in crypto is not an escape from inflation
Canada's inflation rose to 40-year highs this year while Bitcoin's price plummeted in the same period.
Canada’s New Conservative Party Leader Is a Crypto Proponent
The main opposition party in Canada – the Conservative Party – elected Pierre Poilievre as its new leader. Interestingly, the 43-year-old politician has displayed he is a keen supporter of…
Coinberry’s Software Blunder Costs $3M in Bitcoin: Report
The Toronto-based crypto exchange Coinberry has reportedly lost around $3 million in Bitcoin due to a software glitch in 2020. It was during a software upgrade that erroneously enabled users…
Bear market uncertainty is the perfect time to build and learn, says Sato exec
Fanny Philip, COO of Sato Technology, doubled down on believing that bear markets should be considered a builder’s market for mining companies.
Canadian Pension Fund CDPQ Writes off Investment in Celsius
Canadian pension fund giant Caisse de dépôt et placement du Québec (CDPQ) has written off its investment in struggling cryptocurrency lending firm Celsius, acknowledging that the company entered the burgeoning…
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