Category: Canada

Canadian Bitcoin mining firm Link Global faces $5.6M penalty

October 5, 2021

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Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. 299 Total views 2 Total shares Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. […]

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Commodity strategist predicts Bitcoin ETF could get the nod in US next month

September 22, 2021

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A Bitcoin ETF could be approved by U.S. regulators by October. according to Bloomberg Intelligence Commodity Strategist Mike McGlone. 6209 Total views 49 Total shares Bloomberg Intelligence Commodity Strategist Mike McGlone believes it is only a matter of time before the U.S. Securities and Exchange Commission (SEC) approves the country’s first Bitcoin exchange-traded fund (ETF). […]

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Canadian politician says he supports Bitcoin as federal election looms

September 17, 2021

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The former cabinet minister, known by some as Mad Max, has been outspoken in his criticism of vaccine mandates, mask mandates and lockdowns in Canada during the pandemic. 2625 Total views 51 Total shares Maxime Bernier, founder and leader of the People’s Party of Canada, has said he supports the adoption of cryptocurrencies in the […]

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Canadian investment firm plans to plant trees matching buys in Bitcoin ETF

August 27, 2021

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The investment firm filed the application for its Bitcoin ETF with Canadian securities regulators in February. 2106 Total views 23 Total shares Accelerate Financial Technologies is planning to match each investment in its pending Bitcoin exchange-traded fund with the planting of thousands of trees. According to a Friday report from Bloomberg, the Calgary-based investment services […]

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Canadian regulator alleges OKEx operator violated securities law

August 19, 2021

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The commission has made similar allegations against Bybit, crypto exchange KuCoin and Polo Digital Assets. 2248 Total views 260 Total shares The Ontario Securities Commission claimed Aux Cayes FinTech Company Limited, a legal entity in the Republic of Seychelles that operates crypto exchange OKEx, has failed to comply with the province’s law governing securities. In […]

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Canadian border town suspends Bitcoin mining over aesthetic concerns

July 23, 2021

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City officials have imposed a three-month suspension on new Bitcoin mining operations to make roads and buildings more presentable. 6379 Total views 9 Total shares Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by […]

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Study suggests Canadian CBDC could promote digital innovation within the country

July 20, 2021

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The Bank of Canada suggested that a Canadian CBDC could provide a number of innovations, including the elimination of transaction fees from debit and credit cards. 1777 Total views 6 Total shares A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from […]

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Four North American Bitcoin miners that could benefit from the East-West shift

July 18, 2021

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Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the […]

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Green BTC miner Bitfarms’ production up 50% after China ban, as Compass goes nuclear

July 15, 2021

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Publicly traded North American Bitcoin mining company, Bitfarms, has doubled its productivity this year amid the Chinese crackdown and resultant miner migration. The Canadian hydroelectricity mining outfit claims to be currently powering an estimated 1.5% of the entire Bitcoin network with more than 99% renewable green energy. In a July 14 production update, the firm […]

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Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

June 29, 2021

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The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to […]

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