Canada | Crypto Profit Bot

China returns as 2nd top Bitcoin mining hub despite the crypto ban

May 17, 2022

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The Chinese government has not managed to take down cryptocurrency operations as part of its crypto ban last year as China has re-emerged as one of the world’s largest Bitcoin (BTC) mining hubs, according to a new report. China became the second-largest Bitcoin hash rate provider as of January 2022, months after the local government […]

Crypto Biz: Proof of integrity? Gold industry wants blockchain to solve its biggest problems, March 25–31, 2022

April 1, 2022

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As Bitcoin (BTC) continues to eat away at gold’s market share, the bullion industry is looking to blockchain — the technology first made famous by BTC — to solve its most enduring challenges. How’s that for irony? Someone should really check on Peter Schiff. Speaking of Bitcoin, a MicroStrategy subsidiary confirmed this week that it […]

Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022

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Last month, cultural critic Alison P. Davis published an article in The Cut titled “A Vibe Shift is Coming. Will Any of Us Survive It?” The “vibe shift” Davis was referring to had nothing to do with crypto. She was referring to a sea change in pop culture and social trends, particularly in view of […]

Crypto miner Hut 8 posts record revenue as BTC holdings surge 100%

March 17, 2022

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The financial results weren’t all positive, however, as the Bitcoin miner posted a surprise loss in the fourth quarter. 3779 Total views 38 Total shares Canadian cryptocurrency miner Hut 8 posted mixed financial results on Thursday, as revenue and mining profitability soared while overall net income declined — underscoring a volatile end to the year […]

$45,000 Bitcoin looks cheap when compared to gold’s marketcap

March 2, 2022

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Bitcoin (BTC) pulled off an impressive double-digit rally this year, but the digital asset has been struggling to break the $45,000 resistance lately. This level does not hold any historical importance because it has been easily breached multiple times. The same can be said for Bitcoin’s $850 billion capitalization, which isn’t anywhere close to silver’s […]

Law Decoded: Bitcoin’s censorship resistance capacity enters the spotlight, Feb. 14–21

February 21, 2022

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Amid the barrage of last week’s regulatory news, from rumors of Joe Biden’s upcoming executive order on digital assets to another round of the Russian government’s crypto tug of war, the storyline that was arguably the most consequential for the mainstream narrative on the social effects of crypto has been the one around the Canadian […]

Bitcoin at the barricades: Ottawa, Ukraine and beyond

February 18, 2022

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Protesting anti-vax truckers blockading downtown Ottawa, Canada had their fund-raising platform shut down because their host fears the “promotion of violence.” The protesters move to a Bitcoin crowdsourcing funding service. It quickly raised $900,000. Russian troops gather on Ukraine’s borders. Ukrainian NGOs and volunteer groups embrace cryptocurrencies to help defend their country in the event […]

Canadian MP introduces bill aimed at encouraging growth in crypto sector

February 10, 2022

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“To be a world leader, Canada needs to make sure cryptoasset experts and investors are telling us what policy they need or what policy they don’t need,” said Michelle Rempel Garner. 1391 Total views 63 Total shares Michelle Rempel Garner, a member of the House of Commons of Canada, has introduced a bill proposing the […]

TMX Group Canada to unveil crypto futures product later this year

February 9, 2022

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The news from TMX Group arrives as cryptocurrencies are increasingly gaining interest from investors and companies. 398 Total views 36 Total shares In response to institutional investors’ concerns about the risks of trading in a new asset class, TMX Group, Canada’s major stock market operator, has revealed plans to launch its first-ever crypto futures product. […]

Bitfinex advises Ontario-based users to close accounts before March 1

January 14, 2022

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The Ontario Securities Commission has been responsible for cracking down on crypto exchanges operating in the region, including Binance, OKEx, Bybit, KuCoin and Polo Digital Assets. 5296 Total views 84 Total shares In a Friday announcement, Bitfinex said it would be immediately closing the accounts for Ontario-based customers who have no balances on the platform. […]

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Category: Canada