Tag Archives: canada

Pierre Poilievre – a candidate for the Conservative Party leader of Canada – says that cryptocurrencies are a solid hedge against inflation, something the nation has been experiencing for months. However, two main officials of the Bank of Canada disagree. They have rebuked his words, saying crypto serves no such purpose and that they will not replace the Canadian dollar with any form of digital currency. Pierre Poilievre Believes Crypto Can Halt Inflation in Canada...

Carolyn Rogers – senior Deputy Official for the Bank of Canada (BOC) – recently denied the notion that cryptocurrencies could be a viable hedge against inflation. Citing their volatility, she stated that digital assets “don’t meet the test” of a stable source of payment, or value. Another Banker Against Bitcoin Liberal MP Yvan Baker asked the official on Monday whether digital currencies like Bitcoin could be an effective way for regular people to opt-out of inflation. Like...

The region of Calgary, Canada is doing all it can to attract cryptocurrency businesses. Calgary Tries to Rebrand Itself as a Crypto Haven Crypto is often known as the “Wild West” of the financial world, and to be fair, regions like Canada – given its history with Quadriga CX and similar ventures – doesn’t have the best track record when it comes to digital currency ventures. Thus, it looks like the country is trying to reshape its reputation and bring its ever-growing...

The continued investments from some of the most high-profile financial juggernauts in Canada reflect a belief that institutional adoption of crypto and blockchain will keep growing. This western Candian province, which boasts a rich entrepreneurial history, is now looking to play a crucial role in the digital asset industry. Alberta to Becoming Crypto Hub? According to the latest report, Alberta’s ambitions are soaring high as the authorities are looking to position the...

Certain users will have to provide additional information when sending cryptocurrencies, said exchange giant Coinbase. In a bid to comply with local regulations, customers in Canada, Japan, and Singapore sending digital assets to another financial institution or exchange will be required to disclose specific information such as the name, address. The official blog post stated, “If you’re located in Canada, Singapore, or Japan and are sending digital assets outside of...

Oxio – an internet provider in Canada – has become the country’s first internet service company to accept bitcoin and cryptocurrencies as methods of payment. Oxio Says “Yes” to Crypto Oxio has partnered with Coinbase Commerce, a platform tied to the popular crypto exchange that allows merchants to accept digital currencies for goods and services. Marc-Andre Campagna – CEO and co-founder of Oxio – explained in a statement: As the first independent digital ISP in Canada,...

A Canadian government employee thought to be involved in a series of crypto-related ransomware attacks has been extradited to the United States to face judgement. Sebastien Vachon-Desjardins – who worked as an IT consultant for Public Works and Government Services in Canada – is believed to have carried out attacks that led to approximately $28 billion in bitcoin being paid out by targeted individuals and enterprises throughout the Americas. Vachon-Desjardins Will Face...

The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze the assets of the Freedom Convoy protesters. Communists Don’t Like BTC Because They Can’t Supervise It The 51-year-old member of the Republican party...

Amsterdam-based bitcoin mining firm – Bitfury – announced it will launch a new 28MW digital asset mining site in Ontario, Canada. The facility will launch with an operational capacity of 16MW, while an additional 12MW will be added by the end of May. Bitfury’s Next Mining Center The technology company focused on digital asset mining currently has mining sites in Scandinavia, Eastern Europe, Central Asia, and North America. According to a recent press release, it will double...

The Ontario Securities Commission (OSC) recently flagged Brian Armstrong and Jesse Powell – CEOs of Coinbase and Kraken respectively – for tweets surrounding Canada’s freedom convoy protests. Each has been accused of offering advice on how to evade national financial emergency restrictions through the use of self-custodial crypto wallets. Crypto CEOs Against Canada’s Government According to a report from The Logic, Kristen Rose – the OSC’s manager of public affairs – said the...