HIVE Digital saw its stock price rise after it reported a significant year-over-year increase in Bitcoin holdings. In its February production update, the Canadian crypto mining firm disclosed that its Bitcoin reserves had grown by 23% compared to the previous year, reaching 2,620 BTC—valued at approximately $220 million. According to ...
Mark Carney, the former central banker and critic of Bitcoin, was elected Canada's new prime minister on March 9 after confirming he renounced his UK and Irish citizenships. He succeeds Justin Trudeau, who served for over seven years. Carney, who previously governed the Bank of Canada and the Bank of ...
The Canadian Investment Regulatory Organization (CIRO) has released its latest quarterly List of Securities Eligible for Reduced Margin (LSERM). In this update, they announced that cryptocurrency funds will not qualify for reduced margin rates. This decision is based on concerns about the volatility of cryptocurrencies, liquidity risks, and the uncertainty ...
Spot Bitcoin exchange-traded funds (ETFs) in the United States have returned to net inflows. According to data from Farside Investors, the twelve-spot Bitcoin ETFs experienced a collective net inflow of $340.7 million on February 4. This marked a reversal from the previous day when the ETFs had faced net outflows ...
According to local reports, Canada’s crypto ETF market, which has been steadily losing ground to its U.S. counterpart, may soon get a shake-up as Toronto-based Evolve Funds prepares to launch the country’s first leveraged Bitcoin and Ethereum ETFs. Evolve has filed a preliminary prospectus for the Evolve Levered Bitcoin ETF ...
Canada's Financial Transactions and Reports Analysis Centre (FINTRAC) has issued a severe warning regarding the increasing use of cryptocurrencies to launder proceeds from synthetic fentanyl and opioid trafficking. In its latest "Operational Alert", published on January 23, 2025, FINTRAC highlighted the new role that cryptocurrencies are playing in fueling the ...
Cryptocurrency betting platform Polymarket has seen a surge in activity as users bet on Canadian Prime Minister Justin Trudeau's political future. As of press time, the platform assigns an 80% probability of his resignation by the end of January 6. Trudeau is expected to announce his resignation as Liberal Party ...
The body of Kevin Mirshahi, a well-known Canadian crypto influencer who vanished in June, has been found at Île-de-la-Visitation Park in Montreal. Local media outlet The Gazette reported that a passerby discovered Mirshahi’s decomposing remains on October 30, marking the tragic conclusion to a months-long search. Mirshahi, 25, was last ...
State securities regulators across North America are facing an unprecedented surge in technology-driven investment fraud as digital assets and social media scams reach record levels, according to a new report by the North American Securities Administrators Association (NASAA). The report reveals that regulators in the U.S, Canada, and other North ...
Gemini has announced its withdrawal from the Canadian market, giving users until December 31, 2024, to withdraw their funds. This decision comes in response to increasingly stringent regulatory requirements imposed by Canadian financial authorities aimed at enhancing oversight of crypto exchanges and protecting investors. The U.S. headquartered crypto exchange informed ...
