Canadian court approves BTC miner Hut 8’s merger with USBTC
97% of Hut 8 shareholders voted to merge with USBTC, and the only holdup now is the registration of the new entity in the U.S. and USBTC shareholders’ vote.
Latest Canada News
Canadian block reward miner Hut 8 reports 8% Q2 loss
Like its peers in the BTC mining industry, Hut 8 had a poor quarter, with the shutdown of one of its facilities and Ethereum’s proof of stake switch taking their toll.
Canada to create central repository for seized NFTs, digital currencies
Canada's RCMP plans to launch a central repository to store seized digital assets with features like processing transactions from various blockchains, supporting NFTs, and automating wallet recovery.
Bank of Canada sees limited adoption of CBDC amid declining mainstream acceptance
As the use of digital payments continuously declines, the Bank of Canada sees insufficient reason to fully adopt CBDC but instead plans to focus on internet access and low-cost bank options in rural areas.
Canada’s financial regulator wants banks to limit digital currency exposure to 2%
The OSFI has published new guidelines for insurers and banks on dealing with digital assets, with more lenience for traditional tokenized assets and stablecoins.
North Korean hackers, fake pizza guys out to steal your tokens
A state-sponsored North Korea hacking group reportedly broke into the systems of JumpCloud, a Colorado-based IT management firm that helps network administrators manage devices and servers, according to Reuters.
Block reward miner Hive Digital ditches ‘blockchain’ tag as it pivots toward AI
Hive notes that despite removing “blockchain” from its appellation, the push into AI development is ultimately designed to “support the new Web3 ecosystem.”
New parliamentary report urges Canada to double down on blockchain strategy
In order to encourage innovation, the Canadian House of Commons made 16 recommendations to the government, which include establishing a national blockchain strategy.
Thumbs-up emoji is a valid contract agreement, Canadian judge rules
A farmer who replied with a thumbs-up emoji to the photo of a contract agreement will have to pay off $61,000 in damages, a judge in Canada has ruled.
Canada proposes national strategy to foster blockchain, digital assets adoption
Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital assets.
Beware of fake regulators listed by digital asset firms, Canadian regulator warns
The Canadian Securities Administrators says digital asset firms are listing fake regulators to gain credibility and called on investors to be cautious.
Bybit announces exit from Canada citing new regulatory developments
Beginning on May 31, ByBit's new users in Canada won't be able to create accounts, but existing customers will continue to enjoy unrestricted access to the exchange's services.