Cryptocurrency Analysis and News Portal
Canada has remained a peculiar regulatory alternative to the neighboring United States in regard to cryptocurrency. While its licensing process has become more stringent than in some countries, Canada was the first to approve direct crypto exchange-traded funds. State pension funds have invested in digital assets, and crypto mining firms
Read More
Staffers at the Bank of Canada released an analytic note on fiat-referenced crypto assets, otherwise known as stablecoins, Dec. 19. In addition to a review of mechanisms for creating and distributing stablecoins and a list of the potential risks and benefits they involve, the note expressed the authors’ support for
Read More
The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget.The government's “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as a fiscal update in conjunction with its main
Read More
The Fall Economic Statement, a mini-budget released by Deputy Prime Minister Chrystia Freeland, is the government's fiscal road map over the coming months. Among provisions on taxes, recovering from COVID-19 and hurricanes, and budget projections was a section on the "digitalization of money," which highlighted cryptocurrencies and digital assets and
Read More
Los dos factores colaboraron para que bitcoin (BTC) continuara su modesto repunte de esta semana, situación en la que la principal criptomoneda por valor de mercado subió 7,5% durante las últimas 24 horas y superó los US$21.000 por primera vez desde mitad de septiembre. Al momento de publicación, el precio
Read More
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 Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin, and “most Canadians are aware of bitcoin.” Bank of Canada’s
Read More
Poilievre garnered over 68% of the conservative vote, miles ahead of his closest rival, former Quebec premier, Jean Charest, who only managed to scrounge up 16% of total votes. Poilievre not only dominated in vote count, but was also the preferred candidate in almost every single riding (electoral district) across
Read More
It's a story that still haunts the early generation of Canadian crypto users to this day. Four years prior, Gerald Cotten, co-founder of Canada's then-largest cryptocurrency exchange QuadrigaCX, died under mysterious circumstances in India. But, before his passing, Cotten took virtual keys for digital wallets and moved them into cold
Read More
The New-York based company said Wednesday it had signed a two-year agreement, noting the Canadian facility would use “an energy source that is primarily hydro-power operated.” The facility powers about 650 miners and plans to host over double that amount, about 1,500 bitcoin (BTC) mining units, in the coming months. Source
Read More
Summary: Bitcoin has gained value from roughly $21.3k during the weekly close to a local high of $22.5k. Bitcoin is trading directly below the critical 200-week moving average, which has marked market bottoms in past bear markets. BTC gaining in the crypto markets comes at a time when the United States posted its
Read More