Category: Canada
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Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry.
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Canadian Exchange Shakepay Gets Cold Wallet Insurance to Protect Customer Funds
Canadian crypto exchange Shakepay has secured cold wallet insurance through Aon with Lloyd’s of London underwriters.
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Waterloo residents have lost $430K to crypto scams this year
Bitcoin scammers have thus far proven to be unstoppable in Canada.
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BitMEX is not registered to operate in Ontario, says regulator
Where in Canada BitMEX is allowed to offer its services?
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Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin
On Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm Snappa based in Ottawa has joined the trend of companies converting cash…
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Crypto Derivatives Exchange BitMEX to Block Ontario Traders
The veteran cryptocurrency derivatives exchange is to block users in Ontario, apparently at the behest of the local securities regulator.
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Middle Eastern Restaurant Chain Converts Entire Reserves to BTC
The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto.
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Winklevoss’ Gemini Adds Support for Hong Kong, Australian and Canadian Dollars
Gemini now supports the fiat currencies of Hong Kong, Australia and Canada.
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Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm’s BTC holdings helped it finish the quarter in the black.
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Wealthsimple, Robinhood of the North, Jumps Into Canada’s Crypto Sandbox
The millennial-friendly investments app is working with regulators on its upcoming bitcoin and ether trading service.