Hut 8 shuts down Alberta site amid surging power costs
Hut 8 cited rising electricity costs and constant power disruptions as reasons for the closure, relocating its rigs to another site in Medicine Hat, Canada.
Hut 8 cited rising electricity costs and constant power disruptions as reasons for the closure, relocating its rigs to another site in Medicine Hat, Canada.
The central bank dismissed fears that a CBDC would disintermediate banks as the extra services they offer, like mortgages and credit cards, would retain clients.
Canada’s securities watchdog has published updated guidelines on digital assets for mutual funds, prohibiting investment in or holding digital assets directly.
As per an official statement, the partnership will involve Oliu, ATB Venture's digital ID solution, relying on Flinks' API bank connections network to verify users' identities seamlessly.
Italy, as the new G7 president, prioritizes AI regulation for industry innovation, with Prime Minister Giorgia Meloni planning a dedicated session before the G7 summit to establish cohesive regulations.
More Canadians still prefer cash over a central bank digital currency, citing the latter's risks when it comes to privacy, accessibility, and financial stability, according to findings of a public consultation.
The Official of the Superintendent of Financial Institutions wants the public’s input on a proposal to have all federally-regulated financial institutions publicly disclose their exposures to ‘crypto-assets.’
The Canadian Security Intelligence Service warns of deepfake threats to Canada's democracy, emphasizing risks to values, citing rising fraud cases, and urging swift regulatory action.
The hike in BTC's fiat price last week is not because it is a "digital gold" with actual utility but based on rumors that the U.S. securities regulator is close to stamping its approval to BlackRock's IBTC ETF application.
Bank of Canada highlighted several flaws associated with DeFi use, including limited tokenization, unregulated centralized entities, and increased interconnectedness in the system.
Canada banned stablecoins from exchanges in February unless they obtain prior exemption, but now permits them if they are transparent and provably fully backed.
Financial inclusivity isn't the only key to developing a universally accessible payment method, the Bank of Canada said, insisting that it should work in tandem with digitization and accessibility.