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Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms. Go to Source Powered by WPeMatico
This week researchers from the Bank of Canada published the central bank’s Financial System Review which highlights five key statistics tethered to Canadian bitcoin owners. According to the Bank of Canada’s metrics, 13% of Canadians own the leading crypto asset bitcoin, and “most Canadians are aware of bitcoin.” Bank of Canada’s Financial System Review Highlights … Read more
All crypto exchanges must register with IIROC if they want to operate in Canada, and there is currently a backlog of applications. Go to Source Powered by WPeMatico
Ontario Securities Commission CEO Grant Vingoe said the regulator planned to release a report in October which included crypto adoption rates in Canada. Go to Source Powered by WPeMatico
CoinSmart reported $16.7 million in gross revenue in 2021 as retail trading volumes soared during the Bitcoin bull market. Go to Source Powered by WPeMatico
According to a report from Canada’s Local Journalism Initiative, members of the Mohawk Nation from Kahnawake are looking into using electricity from Hydro Quebec in order to power cryptocurrency mining operations. The Mohawk Council of Kahnawake (MCK) created a new organization to research crypto-mining opportunities that could be added to the council’s economic development portfolio. … Read more
Canada’s inflation rose to 40-year highs this year while Bitcoin’s price plummeted in the same period. Go to Source Powered by WPeMatico
A panel discussion hosted at Surfin Bitcoin, France, illustrated that while Bitcoin works for those in need, more education is required. Go to Source Powered by WPeMatico
Fanny Philip, COO of Sato Technology, doubled down on believing that bear markets should be considered a builder’s market for mining companies. Go to Source Powered by WPeMatico
“For us, it is clear, when we look at all this, we arrived too soon in a sector which was in transition,” says CEO Charles Émond. Go to Source Powered by WPeMatico
