
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.
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.
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'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.
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.
The OSFI has published new guidelines for insurers and banks on dealing with digital assets, with more lenience for traditional tokenized assets and stablecoins.
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.
Hive notes that despite removing “blockchain” from its appellation, the push into AI development is ultimately designed to “support the new Web3 ecosystem.”
In order to encourage innovation, the Canadian House of Commons made 16 recommendations to the government, which include establishing a national blockchain strategy.
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.
Canadian legislators recently published a report with 16 proposals to promote blockchain technology and protect individuals’ right to own digital assets.
The Canadian Securities Administrators says digital asset firms are listing fake regulators to gain credibility and called on investors to be cautious.
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.