Quebec’s energy manager to seek government approval to stop powering crypto miners
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms.
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Bitcoin Touches $21k as Bank of Canada Flashes Signs of Pivot
Bitcoin reached past $21,000 on Wednesday for the first time since mid-September, following a lower-than-expected rate hike at the Bank of Canada. Economists say the move may signal a reversal…
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of…
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.
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…
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