Category: Canada

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

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

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

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

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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Bank of Canada: Crypto highly risky despite institutional adoption

Bank of Canada: Crypto highly risky despite institutional adoption

Crypto volatility is an emerging vulnerability to Canada’s financial system, while stablecoins pose risks for the country’s monetary system, the Bank of Canada said. 19979 Total views 23 Total shares Following a major cryptocurrency sell-off, Canada’s central bank stated that digital assets like Bitcoin (BTC) remain a highly risky asset despite their adoption by institutional […]

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