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.
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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…
Quebec Pension Fund loses almost entirety of its Celsius investment in less than ten months
"For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition," says CEO Charles Émond.
Canadian regulatory council creates new preregistration filing for crypto platforms
The Canadian Securities Administrators will require crypto trading platforms to file an undertaking committing them to investor protections while their registration is in process.
Crypto Biz: A Futurist take on crypto
The 2022 Blockchain Futurist conference in Toronto, Canada wrapped up this week. DeFi and institutional adoption of crypto were high on the agenda.
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