Coinbase, Kraken CEOs’ tough talk holding back digital currency adoption
The CEOs of cryptocurrency exchanges Coinbase and Kraken may find out the hard way that there’s a price to be paid for talking tough on Twitter.
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The veil is being lifted from BTC
As the price drops, BTC’s ineptitude is becoming more widely understood, especially as it continues to demonstrate its failure as ‘digital gold’ situations where it should shine.
How the Canadian trucker protests proved BTC is useless
After the seizing of tens of millions of dollars through GoFundMe, BTC maximalists saw this as their moment to prove how an allegedly decentralized, censorship-resistant, anonymous monetary network could save the day.
Kraken CEO Jesse Powell’s support for Canadian ‘trucker’ protests sparks regulatory blowback
The CEO of the Kraken exchange’s financial support for Canada’s anti-vaccine mandate protesters may be putting the entire cryptocurrency sector under threat of increased regulation.
Canada gov’t urged to roll out welcome wagon for blockchain innovators
Michelle Rempel Garner, Member of Parliament for the riding of Calgary Nose Hill, recently introduced Bill C-249, ‘an Act respecting the encouragement of the growth of the cryptoasset sector.’
Digital currency scam exploding in Canada, consumer group warns
The Better Business Bureau says that it’s the Wild West in the Canadian digital asset market, even as the Alberta regulator says it’s been receiving scam reports.
CoinRise: Nova Scotia watchdog warns against ‘Canada’s fastest rising digital currency trading platform’
The Nova Scotia Securities Commission has warned against CoinRise, saying that the exchange isn’t registered and that users have been unable to withdraw funds.
Binance booted out of Ontario while India subsidiary busted over alleged tax evasion
In Canada, the Ontario securities regulator announced that Binance wasn’t authorized to offer services in the province; meanwhile in India, WazirX exchange was accused of evading of $5 million in taxes.
Canadian teen faces arrest warrant over DeFi hack in ‘code is law’ case
Andy Medjedovic exploited DeFi platform Indexed Finance and stole $16M, and after experts identified him, he refused to surrender arguing “code is law.”
TAAL acquires 60,000 sq/ft facility to mine Bitcoin at an industrial scale
With this acquisition, TAAL adds significant Canadian clean energy resources to power up to 2 Eh/s of blockchain computers in New Brunswick, Canada.
Link Global faces major penalties from Alberta Utilities Commission
AUC proposed Link Global to pay an economic disgorgement of roughly CAD 2 million for financial gains from unlawful electricity production.
Canada’s new guidance targets advertising and social media for digital currency exchanges
The new guidance also aims to swipe so-called “gambling style” promotions used by some digital currency exchanges, which it says are responsible for unwise investment behaviors.