Tag Archives: canada

A recent study indicates that Canadians’ enthusiasm for crypto investment has diminished in comparison to the previous year. Moreover, they are now less inclined to perceive crypto as a significant factor in the current economy or anticipate its future importance. On November 29, the OSC released its “Crypto Assets Survey 2023,” conducted in collaboration with Ipsos in late May. The survey, which included 2,360 Canadians representing a proportional cross-section of the...

Canadians are overwhelmingly opposed to their central bank researching and issuing a digital loonie, according to newly released survey results from the Bank of Canada. The report found that citizens and stakeholders are worried that the technology could violate their financial privacy, and wouldn’t be their payment method of choice compared to existing options. Why Canadians Don’t Like CBDCs Released on Wednesday, the report dissected results from a public consultation on...

The Calgary Police Service issued a warning to residents to beware of fraudsters who promise high returns on crypto investments, noting that Calgary victims have lost more than $22 million mostly to investment scams so far in 2023. Meanwhile, authorities believe crypto scams are still underreported despite huge losses. Calgary Police Receive More Crypto Scam Reports in 2023 Residents in the city of Calgary, Alberta, Canada, have lost over $22.5 million to crypto-related scams...

Bitstamp’s CEO, Bobby Zagotta, announced that the firm will be discontinuing its services to customers in Canada. The decision is set to take effect on January 8, 2024, and comes after Bitstamp informed its Canadian customers of the impending change back in March. Bitstamp to Exit the Canadian Market Bobby Zagotta, the U.S. CEO and Global Chief Commercial Officer at Bitstamp, issued a statement regarding the development. He expressed the company’s gratitude towards its...

In a landmark development for the Canadian digital assets market, TMX Group, the largest exchange in the country, is set to launch Bitcoin (BTC) futures contracts on its derivatives trading platform. As per reports, Montréal Exchange’s (MX) move to launch a Bitcoin Price Index Futures is in response to the growing market demand for this new class of assets. Bitcoin Futures Trading in Canada The announcement from the popular exchange starts by saying, “Montréal Exchange (MX)...

A group of lawmakers in Canada is calling for full-on regulation of the crypto industry. Will Canada Regulate Crypto? In a recent report, the lawmakers wrote: While many emphasized Canada’s strong regulatory safeguards, such as provincial securities regulation and federal anti-money laundering and anti-terrorism financing obligations, witnesses stated that governments need to partner with industry to better understand this rapidly evolving sector and enact...

Canada has just finished having its first ever bitcoin conference. Taking place at the Chelsea Hotel in mid-June in downtown Toronto, the event was a huge success and is one of the first of its kind in the Great White North. Canada and Bitcoin… Growing Stronger Together? Canada has had a relatively mixed history with bitcoin and crypto. Between Quadriga CX – which is being labeled as some as the first FTX given the amount of money that’s been lost – and the harsh...

The Bank of Canada published a report on Wednesday outlining Canadian crypto ownership trends last year. Its Bitcoin Omnibus Survey found that Bitcoin (BTC) ownership across the country declined from 13% to 10% of the population in 2022. The report noted that the ownership decline occurred on the back of Bitcoin’s massive price decline of over 50% throughout the year and increased regulatory scrutiny after FTX’s collapse in November. Altcoin ownership also decreased in 2022....

Canadian law enforcement agents have reportedly arrested the 39-year-old Akil Heywood over allegations that he kidnapped, threatened, and beat Aiden Pleterski in December 2022. The latter supposedly orchestrated a crypto scam, draining over $40 million from investors. Records show that Heywood invested $740,000 with Pleterski, making him one of the countless victims. The alleged fraudster apologized in a recent video, vowing to “live on the bare minimum” to repay the conned...

Popular on-chain sleuth ZachXBT has unmasked another crypto scammer responsible for stealing millions of dollars in digital assets using sophisticated phishing attacks. The thief’s targets included the discord services for DeFi projects such as Orbiter Finance and Pika Protocol. Impersonation and Confiscation In a Twitter thread published on Monday, ZachXBT explained that the attacker, Soup (aka Dan) enacted his scam by impersonating Luke Hamlton – an employee for the crypto...