Tag: Canada

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 ...

Regulators in the United States and Canada have issued warnings to consumers about the rapid increase in romance scams involving cryptocurrencies, urging them to be cautious of their online interactions. In a recent statement, the U.S. Federal Trade Commission (FTC) advised individuals to be cautious of online love interests who ...

In a strategic move to bolster its influence in the Canadian cryptocurrency market, Coinbase has introduced a new feature designed to streamline funding and withdrawal processes for local users. Through a strategic partnership with Peoples Trust Company, Coinbase has now integrated Interac e-Transfers® into its platform. Interac is a local ...

The Bank of Canada has spent years studying whether a central bank digital currency (CBDC) could improve payments in the country. Its research found that most Canadians already have many ways to pay, which limits the need for a digital Canadian dollar. In an August 2023 Staff Discussion Paper, the ...