APX received exemptive relief from the Canadian Securities Administrators (CSA) at the start of this month.
Prediction market says Canada's former central banker will likely take the Liberal Party into an easy victory – thanks to aggressive posturing by U.S. President Donald Trump.
Kraken announced it will offer free Interac e-Transfer deposits for Canadian users to reduce friction for newcomers to the platform.
Also giving a boost was an easing in trade tensions between the U.S. and Canada.
Mark Carney has emerged as Canada’s new Prime Minister, replacing Justin Trudeau after a decisive victory in the Liberal Party’s leadership race. The announcement, made on March 9, confirmed Carney’s rise to power with an overwhelming 85.9% of the vote, defeating his closest rival, former Finance Minister Chrystia Freeland. Carney’s appointment follows Trudeau’s resignation in […]
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Howard Lutnick told Fox Business that President Donald Trump is willing to 'meet in the middle' on tariffs, but not eliminate them entirely – yet.
In Canada, you can buy Bitcoin on centralized exchanges, decentralized exchanges, Bitcoin ATMs and other options. You can also buy Bitcoin ETFs.
The National Bank of Canada has ventured boldly into the realm of cryptocurrencies. The bank has made $2 million investments in Bitcoin exchange-traded funds (ETFs), changing the way conventional finance views digital assets. This choice emphasizes the evolving scene of controlled crypto investments and the increasing institutional curiosity in Bitcoin. Related Reading: Ethereum Whales On The Move—224,000+ ETH Withdrawn In Record Outflow A Calculated Risk On Bitcoin ETFs The National Bank of Canada decided on ETFs instead of directly purchasing Bitcoin, following a pattern among financial institutions looking for controlled access to the digital asset. By means of Bitcoin ETFs, one can invest in Bitcoin free from the complications of direct ownership, including security of private keys or navigating cryptocurrency exchanges. This investment also coincides with a period of erratic BTC prices, which have lately ranged between $95,000-$97k. ???? National Bank of Canada Invests $2M in Bitcoin ETFs ???????????? Canada’s sixth-largest commercial bank ($462B in assets) just made a bold move into Bitcoin, purchasing $2M worth of Bitcoin ETFs. ???? Institutional adoption is accelerating, with traditional financial giants deepening… pic.twitter.com/aLuBGjUbed — Blockchain North (@BlockchaiNorth) February 13, 2025 Following The Footsteps Of Global Institutions Regarding the reception of Bitcoin ETF, Canada is setting the benchmark. The action of the National Bank of Canada is in line with those of other big multinational companies like as BlackRock, which lately started the iShares BTC Trust in the US. The growing participation of conventional banks and asset managers suggests that Bitcoin is starting to acquire popularity as a choice of investment. Weighing Opportunity And Risk Despite the surrounding buzz, detractors of ETFs contend they do not provide the advantages of direct Bitcoin ownership. Although ETFs depend on outside custodians, direct ownership of the cryptocurrencies gives investors total control over their money. ETF investments often come with management fees that could cut possible returns. Still, the National Bank of Canada seems to consider ETFs as a safer, more readily available way to expose to Bitcoin free from direct ownership and related legal concerns. Related Reading: Cardano Price Balloons 107% As Whales Scoop Up 1.41 Billion ADA What This Means For Bitcoin’s Future Bitcoin’s increasing engagement with the financial sector suggests that digital assets are gradually becoming a part of traditional finance. If additional businesses follow suit, crypto acceptance might increase even more, which would improve its price and market dynamics. The National Bank of Canada’s $2 million investment, albeit tiny at the moment, reflects a broader trend of mainstream financial actors adopting Bitcoin as a long-term asset. As interest in Bitcoin ETFs grows, it is uncertain whether other banks will follow suit, potentially bridging the gap between traditional banking and the cryptocurrency market. Featured image from Gemini Imagen, chart from TradingView
Andean “Andy” Medjedovic, 22, has been on the run from authorities since 2021.
As February began, crypto investors found themselves inside a turbulent market after the digital asset space went crashing down, leading to more than $2 billion in crypto liquidations and Bitcoin price plunged near the $90,000 mark. Related Reading: Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns Analysts attributed the current turmoil in the cryptocurrency sector to the new tariffs imposed by President Donald Trump on Canada, Mexico, and China, raising questions on what would be the long-term impact of the tariffs on digital currencies. $2 Billion In Crypto Liquidations Trump said in a statement that the US is eyeing to implement heftier tariffs on its three largest trading partners, Canada, Mexico, and China, a measure that sent shockwaves in the cryptocurrency community. Market observers believe that Trump’s announcement fueled the crash across the cryptocurrency sector, which saw massive leverage liquidations among virtual currencies. Source: Coinglass According to Coinglass, more than $2 billion in crypto liquidations were recorded in the 24 hours after the planned new tariff was announced by the US President. Data also showed that the prices of the top-tier cryptocurrencies plunged after traders found themselves in a turbulent market after the tariff announcement. Bitcoin plummeted to $95,200, according to CoinGecko, the lowest price the firstborn crypto has been in three weeks. Meanwhile, Ethereum went down to about $2,800, wiping out all the gains it made since early November. “In the short term, we’ve bottomed. Market makers have used this tariff news cycle to sweep the leveraged longs and there is now very little liquidity worthy of pushing price lower,” crypto fund manager Merkle Tree Capital chief investment officer Ryan McMillin said in an interview. Tariffs Might Trigger An Inflation Analysts said that many investors are worried that the new tariff would contribute to inflation which could impact sentiments on digital assets. “Crypto is really the only way to express risk over the weekend, and on news like this, crypto resorts to a risk proxy,” Pepperstone head of research Chris Weston said. Nick Forster, founder of Derive, a DeFi derivatives protocol, believes that Trump’s new tariff would more likely push inflation up, dampening investor sentiment in cryptocurrencies. “We’re already seeing signs of heightened market volatility, as BTC’s 30-day implied volatility has risen by 4% to 54% in the wake of these tariffs and the broader economic uncertainty,” Forster said. The DeFi derivatives protocol founder added that he expects that this volatility would persist as “more negative catalysts likely unfold in the coming weeks.” A Bitcoin Boom? Bitwise Asset Management’s head of alpha strategies Jeff Park suggested that a Bitcoin boom might be a potential positive effect of Trump’s tariff policies. Related Reading: Bitcoin Price Nosedives Nearly 10%: Panic or Buying Opportunity? Park explained that the new tariffs might weaken the US dollar, creating a favorable condition that could drive growth for Bitcoin, saying that as tariffs increase inflation, it would affect both domestic consumers and international trade partners, which might drive the residents of foreign nations toward BTC to counter currency debasement. Featured image from Getty Images, chart from TradingView
Steno Research analysts predict that Bitcoin ETFs could see an estimated $48 billion in net inflows during 2025.
Canada’s potential future PM has endorsed crypto in the past, but industry executives warn it may harm his upcoming campaign.
Canadian spot Bitcoin ETF investors have been flocking to more liquid US alternatives, triggering the largest crypto ETF outflows in Canada’s history.
Canadian Prime Minister Justin Trudeau’s exit has put attention on opposition leader Pierre Poilievre, who has a history of pro-crypto comments.
Pierre Poilievre, a Bitcoin advocate and the leader of Canada’s Conservative Party, has become the frontrunner to become the country’s next Prime Minister based on Polymarket odds. Predictions on the decentralized platform show Poilievre has an 89% chance of victory, down slightly from an earlier 92%. His closest rivals — Chrystia Freeland and Jagmeet Singh […]
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Prime Minister Justin Trudeau said he'd step down as prime minister and his party's leader, opening the chance for a crypto supporter to replace him.
Many news outlets are reporting that Canadian Prime Minister Justin Trudeau could announce his resignation at a Jan. 6 press conference.
US spot Bitcoin ETFs have contributed to 100% of the record-breaking $44.2 billion crypto ETF inflows in 2024, according to CoinShares.
Chrystia Freeland said she would remain a member of Canada’s parliament but had resigned from Prime Minister Justin Trudeau’s cabinet.
Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year.
Circle has become the first stablecoin issuer to meet Canada’s new listing requirements for its USD Coin (USDC), marking a significant milestone amid ongoing reports of layoffs within the company. In a Dec. 4 post on X, Circle CEO Jeremy Allaire announced that USDC is the first of the top dollar-backed stablecoins to comply with […]
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The proposed plan by Vancouver Mayor Ken Sim for the city’s “diversification of financial resources” suggested an investment in Bitcoin as a reserve asset.
His body was found months after he was kidnapped from a Montreal condo. A 32-year-old woman has been charged with his murder.
The M2 money supply is an economic measure of the total amount of a sovereign nation's fiat currency currently circulating worldwide.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Bitfarms announced a new member and leadership to its board as Riot Platforms’ still appeared poised to replace three members in October.
The Canadian government has previously come under fire for undermining the economic freedom of its citizens and freezing crypto donations.
Cathie Wood’s ARK has resumed active trading of crypto-related stocks like Coinbase, 3iQ Ether staking ETF, Robinhood and its own spot Bitcoin ETF.
Bitfarms increased its online hashrate to 10.4 exahashes per second in June, marking a 39% month-on-month increase.
Binance, the world’s largest crypto exchange by trading volume, faces escalating regulatory challenges in multiple jurisdictions, including India, Canada, and the United States. India imposes $2.2 Million fine On June 19, India’s Financial Intelligence Unit (FIU) fined Binance 188.2 million Indian Rupees (approximately $2.2 million) for non-compliance with the country’s Anti-Money Laundering (AML) regulations. Per […]
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