“We hope that the regulatory climate in Canada will change over time to allow us to resume services in the country,” said the exchange. Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market. In an April 7 blog post,…
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This week’s Crypto Biz explores Canada’s new crypto conglomerate, the recent premature passing of the Cash App creator in San Francisco, as well as DOGE news, and U.K. crypto challenges. Twitter CEO Elon Musk has made another marketing move to bridge the social media platform with the crypto community by switching its logo icon to…
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A resident of Quebec, Canada, has explained how he was duped out of almost $205,000 worth of tokens in an elaborate crypto scam. Speaking to TVA Nouvelles, the man – a 63-year-old father of three named Jean Séguin – explained that he first became engaged with the scammer that left him out of pocket in…
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Coinbase cryptocurrency exchange has appointed a former executive from Shopify as its new country director in Canada. This move is part of Coinbase’s strategy to adjust to the evolving regulatory landscape in Canada. In a recent blog post, Coinbase revealed that it had taken a number of new measures as the exchange eyes expansion in Canada…
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BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to the global GDP, while the G7 provides 30.7%. BRICS Countries…
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In February, Canadian Securities Administrators announced enhanced investor protection requirements for crypto asset traders. Crypto exchange Kraken has filed a preregistration undertaking with the Ontario Securities Commission in Canada seeking restricted dealer status. United States-based Kraken is already active in Canada and is acting to comply with the new guidance. Kraken is registered in Canada…
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PRESS RELEASE. Canada, Alberta – Cryptocurrency has become a hot topic in recent years, capturing the attention of investors and traders alike. While it has faced its fair share of controversies, it has also opened up new possibilities and transformed the financial sector. With the rise of cryptocurrency, there has been a surge in the…
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Leaders from Japan, the United States, the United Kingdom, Canada, France, Germany, and the European Union are expected to outline a global cooperative strategy for digital assets in May. The next G7 meeting might bring a push from the seven biggest democracies for tougher regulations on cryptocurrencies around the world, Kyoto news agency reports on…
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Despite global bank turmoil and regulatory crackdowns, traditional and decentralized finance (DeFi) are continuing to blend. Take, for example, the recent issues that Circle-issued USD Coin (USDC) faced when it depegged from the U.S. dollar following Silicon Valley Bank’s collapse. Two weeks later, Mastercard boldly integrated the stablecoin into its infrastructure in the Asia-Pacific region,…
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Interest in the U.S. banking crisis has risen greatly over the past two weeks, as shown by Google Trends data. There has been a sharp increase in queries related to search terms such as “banking crisis,” “bank collapse,” and “bank failure.” On March 13, 2023, the search term “banking crisis” reached the top Google Trends…
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