• Thu. Jun 8th, 2023
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    Tag: Crypto

    News

    “Unexpected twists and turns: The dark consequences of Binance’s exit and Bank of Canada’s digital loonie discussions on Canadian crypto.”

    Binance, the world’s largest crypto exchange, has announced that it is pulling out of Canada due to new regulations put in place by the Canadian Securities Administrators. The Bank of Canada has also confirmed that it is investigating the creation of a purely digital version of the Canadian dollar. Canada’s strict regulatory stance on cryptocurrencies […]

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    EconomyTech

    As the U.S. crypto crackdown escalates, Binance finds itself under increasing pressure.

    Binance, the world’s largest cryptocurrency exchange, is facing mounting legal pressure from US regulators. Founder and CEO Changpeng Zhao has hired white-collar defense lawyers from law firm Latham & Watkins to represent him personally, as the exchange is investigated for money laundering violations by the Justice Department and business practices by the Securities and Exchange […]

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    Economy

    “Dark forces within EU parliament pass the most ominous cryptocurrency laws the world has ever seen.”

    The European Parliament has approved regulations to regulate the unregulated world of cryptocurrencies, including bitcoin, ethereum and NFTs, in an effort to protect investors against abuse and manipulation. The legislation aims to regulate an industry that has faced many scandals and failures, such as the recent FTX platform and its sister trading house Alameda Research, […]

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    News

    Crypto at a crossroads: Some provinces are wary of the technology’s vast appetite for electricity | CBC News

    Canadian provinces have placed limitations on new cryptocurrency mining projects due to concerns over their energy usage. Clean, inexpensive electricity in regions like British Columbia and Quebec has drawn entrepreneurs focused on Bitcoin mining to Canada. Cryptocurrency mining requires unfettered access to cheap power to operate high-powered computers, and proponents say the industry can create […]

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    News

    Crypto at a crossroads: Some provinces are wary of the technology’s vast appetite for electricity | CBC News

    Canada’s future in the cryptocurrency mining industry is under threat, according to its backers, after several provinces restricted projects due to electricity usage concerns. The majority of such entrepreneurs have been drawn to the country because of clean, cost-effective electricity in provinces such as British Columbia and Quebec. But unlike states such as Wyoming, North Dakota and Texas […]

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    News

    Police take down ChipMixer service tied to stolen crypto from FTX, Axie Infinity hacks

    The FBI, Europol and other international authorities have taken down cryptocurrency mixing service ChipMixer, which has been linked to hacks at FTX and Axie Infinity. The authorities seized $46m worth of crypto alongside the service’s GitHub account and domains. Mixing services such as ChipMixer pool multiple cryptocurrencies in order to make it difficult for third […]

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