Tag: Canada

Hut 8: The Struggles of One of Canada’s Largest Miners

For an industry whose foundation was built on transparency, there is a still lot about the cryptocurrency space that remains opaque. Companies are hesitant to disclose revealing information unless required to do so. Thankfully, the filings of publicly listed...

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How Bitcoin’s Price Slump Is Changing the Geography of Mining

Although China remains, by far, the leading region for bitcoin mining, the coronavirus downturn is changing the picture in other geographies. According to Thomas Heller, business director of one of the world’s largest bitcoin mining operations, F2Pool, market dips...

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Joint Venture Launches Canadian Dollar-Pegged Stablecoin for Financial Services

A new stablecoin pegged to the Canadian dollar may help digitize the North American nation’s financial markets. Canada Stablecorp announced Monday it was issuing the “QCAD” stablecoin for “mass market,” including foreign exchange remittances and other financial products. Canada...

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Canada Forges $130,000 Development Deal for Steel-Tracking Blockchain

The Canadian government has awarded enterprise blockchain startup Mavennet a procurement contract for the development of an on-chain steel-tracking platform. Innovation, Science and Economic Development Canada (ISED), a government agency with the mandate to foster technology innovation, published a...

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Canadian Regulatory Group Targets Crypto Exchanges Holding Users’ Digital Assets

Canada’s top financial watchdog has told crypto exchanges they will be subject to securities law if they act as custodians to users’ digital assets. The Canadian Securities Administrators (CSA) said in guidance published Thursday the common exchange practice of...

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