Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund
Holding such ETFs in registered accounts can either entirely offset or reduce capital gains tax liabilities for Canadian customers. Go to Source Powered by WPeMatico
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Fidelity reportedly launching spot Bitcoin ETF in Canada
Fidelity Investments has launched a Bitcoin exchange-traded fund that will allow investors to buy and sell real Bitcoins rather than derivatives. Go to Source Powered by WPeMatico
Russia Gets Bulk of Chinese Mining Machines Amid Miners’ Exodus, Report Reveals
China’s crackdown on its crypto mining sector, launched earlier this year, caused a massive migration of mining enterprises to friendlier jurisdictions. Miners have been moving enormous amount of coin minting hardware to new bases around the world, with Russia reportedly taking the largest share among several attractive destinations, including the U.S. Russia, Kazakhstan, US Accept … Read more
Crypto poses no big risk to economy so far, Bank of Canada official says
Canada is one of the first countries to approve a Bitcoin ETF and is the fourth-largest nation in terms of hash rate. Go to Source Powered by WPeMatico
Canada Detains Teen for Alleged $36 Million Cryptocurrency Theft
A teenager has been arrested in Canada after committing what law enforcement officials in Ontario have described as the largest crypto theft by a single person. The Canadian is accused of stealing tens of millions of dollars through a SIM swap targeting a crypto holder in the U.S. Teen Arrested in Canada for Stealing Crypto … Read more
Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian
The service would only be available to institutional investors for now, but Fidelity is also launching Bitcoin ETFs to cater to retail interest. Go to Source Powered by WPeMatico
Crypto miner Hut 8 surpassed 5K Bitcoin held in reserves
According to the firm, they mine close to 20 BTC per day. Go to Source Powered by WPeMatico
Carbon neutral crypto spot ETFs to launch in Canada
Purpose Investments will measure the carbon footprint associated with its portfolio and purchase carbon offsets accordingly. Go to Source Powered by WPeMatico
Hive Blockchain Secures Order for 6,500 Next-Generation Bitcoin Miners From Canaan
On October 29, the publicly listed firm Canaan announced the mining manufacturer has secured a follow-on purchase order from the mining operator Hive Blockchain for 6,500 units of Canaan’s next-generation Avalon mining rigs. Hive expects to increase the operation’s hashrate from 1.2 exahash per second (EH/s) to 3 EH/s by March 2022. Hive Secures an … Read more
Canadian city plans to supply residents’ heat using Bitcoin mining
The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000. Go to Source Powered by WPeMatico
