The Financial Transactions Reporting and Analysis Centre of Canada (FINTRAC) has issued a warning urging businesses to monitor the role of virtual currencies in money laundering and illicit opioids. Key red flags include frequent online gambling purchases and transactions associated with dark web market addresses.
Canada's Financial Transactions Reporting and Reporting Centre has updated its anti-money laundering strategy, highlighting the role of cryptocurrencies in combating synthetic opioid-related money laundering.
On January 16th, according to Globenewswire, Canadian listed company Goodfood Market Corp. (TSX: FOOD) announced a strategic shift in its financial management. Goodfood is adopting bitcoin investments as a financial reserve asset, joining the global community of forward-thinking companies leveraging digital currencies. The company has completed an initial investment of about $1 million in bitcoin through a spot ETF and plans to strategically increase its holdings by investing a portion of its re...
According to Globenewswire, Canadian technology company Matador announced today that it has completed the acquisition of approximately 29 bitcoins for a total cash 4.50 million Canadian dollars, with an average price of $96,341 each.
The US dollar broke through the previous high against the Canadian dollar USD/CAD and continued to brush the highest level since April 2020, now at 1.4181.
Canadian fintech company Nuvei has launched a payment settlement service using stablecoins for merchants in Latin America. Interoperability platform Rain, digital custodian BitGo and credit card issuer Visa are partners in its blockchain-based solution. Latin American merchants participating in the Nuvei solution will be able to use physical or virtual Visa cards to pay in stablecoins through digital wallets. BitGo will provide custody of digital assets. This service will be available anywhere V...
The Canadian swap market sees a 65% chance that the Bank of Canada will cut interest rates by 50 basis points next week, up from 58% before the jobs data.
According to Marketplace, Canadian news media companies have complained that OpenAI often helps develop products by scraping large amounts of content from Canadian media, violating copyright and violating online terms of use.
The Canadian dollar continued its recent decline, with the US dollar hitting a 4.5-year high against the Canadian dollar USD/CAD at 1.4072.
On November 2nd, Canadian bitcoin miner Bitfarms signed a second hosting agreement with Stronghold Digital Mining Hosting. Bitfarms will deploy 10,000 mining machines at Stronghold's Scrubgrass mine (located in Pennsylvania). These mining machines were originally planned for use at the Bitfarms mine in Iguazu, Paraguay, and are expected to be operational in December.
Crypto exchange Coinbase has announced that it has become the first ever crypto partner of the Canadian Football League (CFL) and will sponsor the 111th Grey Cup as well as kick-off events for this November's tournament. This marks the first time a major Canadian professional sports league has formed a partnership with a cryptocurrency company.
Canadian cryptographer Peter Todd has been forced into hiding after being identified as Satoshi Nakamoto in the HBO documentary Money Electric: The Bitcoin Mystery. Todd said documentary filmmaker Cullen Hoback used misleading evidence to reach the wrong conclusion and exposed him to security threats that could lead to dangerous acts such as kidnapping and robbery. Todd said he agreed to appear in the HBO documentary because he thought it was about the history of Bitcoin, not an attempt to uncov...
On September 13, Cypherpunk Holdings, a Canadian company specializing in blockchain investments, announced that it would change its name to "Sol Strategies" to reflect its new Solana-centric investment strategy. The shift includes pledging Solana and investing in the projects and infrastructure of the agreement. The change of the company's legal name from "Cypherpunk Holdings Inc." to "Sol Strategies Inc." became effective on September 12, 2024 and was unanimously approved by the company's board...
Cypherpunk Holdings, a Canadian company specializing in blockchain investments, today announced a name change to "Sol Strategies" to reflect its new Solana-centric investment strategy. The shift includes pledging Solana and investing in projects and infrastructure for the agreement. The change of the company's legal name from "Cypherpunk Holdings Inc." to "Sol Strategies Inc." became effective on September 12, 2024 and was unanimously approved by the company's board of directors and shareholders...
After the release of employment data in the United States and Canada, the US dollar/CAD rallied after falling more than 30 points in the short term and is now trading at 1.3484.