Category: Canada

Bitcoin Mining to Provide Heat in Vancouver, Canada

North Vancouver, part of the Canadian district of British Columbia, is on a path to become the first city that employs bitcoin mining for heating residential and commercial buildings. The initiative should be available from 2022 after a partnership between the cryptocurrency miner – MintGreen – and the Lonsdale Energy Corporation (LEC). BTC Mining as […]

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The Company Behind the World’s First Bitcoin ETF Launches Mutual Crypto Fund Units

Purpose Investments – an asset management company with $12B+ in AUM – recently announced that mutual fund units would be available for its cryptocurrency exchange-traded funds (ETFs). These include its Purpose Bitcoin ETF and Purpose Ether ETF, each directly backed by BTC and ETH respectively. Purpose Investments Mutual Fund Units As indicated in a press […]

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Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

Geographic Distribution Data Shows US Takes Leading Bitcoin Mining Position After China’s Crackdown

After China has reigned for a number of consecutive years as the dominant bitcoin mining epicenter of the world, the United States has “taken the leading position in bitcoin mining,” according to new data from Cambridge University. Data Shows US, Kazakhstan, Russian Federation Rule the Bitcoin Mining Roost In mid-July, researchers from the Cambridge Bitcoin […]

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Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies

Millions of Wix Merchants Can Now Accept 12 Different Cryptocurrencies

On Tuesday, the Atlanta-based cryptocurrency payments company Bitpay announced the Israeli software company Wix has enabled its Software as a service (SaaS) e-commerce product to accept crypto-asset payments. The integration will allow Wix merchants to accept 12 different cryptocurrencies such as bitcoin, dogecoin, bitcoin cash, ethereum, litecoin, and stablecoins as well. SaaS Platform Wix Implements […]

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Canada Gets Its First BTC and ETH Multi-Crypto ETF

EvolveETF – a Canadian ETF provider – has just launched Canada’s first multi-cryptocurrency exchange-traded fund. The product is backed by the two largest cryptocurrencies by market cap: Bitcoin and Ethereum. Crypto Diversification in an ETF As announced this week from EvolveETF’s site, the new fund has already begun trading on the Toronto Stock Exchange (TSX) […]

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Canadian Securities Regulators Target Misleading Advertising From Crypto Exchanges

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have recently issued a staff notice addressing improper marketing practices from Crypto Trading Platforms (CTPs) in the country and offered clarity on what rules to keep in mind. Cleaning Up CTP Advertising The regulators’ notice was released earlier this week on […]

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Canadian securities regulators release crypto exchange guidance on advertising, social media

Canadian securities regulators release crypto exchange guidance on advertising, social media

The Canadian Securities Administrators, an umbrella group for securities regulators in the country, alongside a self-regulatory organization for the investment industry, has released new guidance for crypto exchanges on the use of social media as well as advertising and marketing. Published Thursday, the staff document — released in conjunction between the CSA and the Investment […]

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Canadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

Canadian Political Party Leader Says He Supports Bitcoin Ahead of Elections

Maxime Bernier – leader of the fast-growing “People’s Party” of Canada, has confirmed that he supports the Bitcoin and cryptocurrency space just a week prior to a federal election in the country. Bitcoin: A Counter to Central Banking Bernier revealed his opinion for Bitcoin in a tweet earlier this week, after many had asked him […]

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Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’

Canada’s ‘Mad Max’ Supports Bitcoin — Says ‘I Hate How Central Banks Are Destroying Our Money and Economy’

Maxime Bernier, a former cabinet minister nicknamed “Mad Max” and the leader of the People’s Party of Canada (PPC), says he supports bitcoin and cryptocurrencies. “I hate how central banks are destroying our money and economy … cryptos are another new and innovative way to counter this that should be encouraged,” he said. ‘Mad Max’ […]

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Ontario securities regulator bars the country’s first registered crypto platforms from trading Tether

Ontario securities regulator bars the country’s first registered crypto platforms from trading Tether

The Ontario Securities Commission has barred a pair of trading platforms that offer crypto services from trading Tether, according to regulatory documents issued in recent weeks. Both based in Toronto, Wealthsimple and Coinberry are the first companies of their kind allowed into what the Canadian Securities Administrators term “an interim, time-limited registration framework that would […]

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