Nasdaq warns Bitcoin mining firm Bitfarms about share price deficiency
Bitfarms has an initial period of 180 calendar days to have its shares trading above $1 for at least 10 days before June 12, 2023. Go to Source Powered by WPeMatico
Canada
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Canada bans crypto leverage and margin trading after FTX collapse
Now-bankrupt exchange FTX attempted to enter Canada in June 2022, but local regulators have managed to prevent the mess. Go to Source Powered by WPeMatico
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of … Read more
Canada crypto regulation: Bitcoin ETFs, strict licensing and a digital dollar
The first and the last major attempt to encourage a comprehensive crypto framework was buried in the House of Commons on Nov. 23. Go to Source Powered by WPeMatico
IIROC-registered Canadian crypto exchange Coinsquare suffers data breach
On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform. Go to Source Powered by WPeMatico
FTX acquisition no more: Canadian exchange Bitvo backs off the deal
Bitvo has managed to back off its acquisition agreement with FTX exchange thanks to long approval process of the deal from local regulators. Go to Source Powered by WPeMatico
Canada to examine crypto, stablecoins, and CBDCs in new budget
Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation. Go to Source Powered by WPeMatico
Quebec’s energy manager to seek government approval to stop powering crypto miners
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms. Go to Source Powered by WPeMatico
BTC Ownership in Canada Rises Sharply in 2021, Bank of Canada Study Shows 13% of Canadians Own Bitcoin
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 Financial System Review Highlights … Read more
Coinsquare becomes first Canadian crypto exchange to receive IIROC registration
All crypto exchanges must register with IIROC if they want to operate in Canada, and there is currently a backlog of applications. Go to Source Powered by WPeMatico
