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After the American studios criticized Canada for raising its cash call on large U.S. streamers, skeptical local creative guilds and unions have raised questions around the CRTC’s latest Online Streaming Act ruling. Those are the same Canadian filmmakers supposed to benefit from the country’s TV czar slapping another 10 percent levy on foreign streaming platforms…
Canadian AI startup Cohere is taking over Germany-based Aleph Alpha with support from Schwarz Group (parent company of grocery chain Lidl). With the blessing of their governments, the companies intend to offer a sovereign alternative to enterprises in an AI landscape dominated by American players. As companies that develop large language models, Aleph Alpha and…
“Doug Ford will allow bars to serve alcohol at 6 a.m. for Olympic gold hockey game” One Canadian province will be using the “it’s 5 o’clock somewhere” mentality for Sunday’s men’s hockey gold medal game against Team USA. Ontario Premier Doug Ford announced Friday that bars and restaurants across the province will be allowed to…
The Ontario Securities Commission has cleared Matador to raise $58 million, which it intends to use to expand its Bitcoin treasury. Bitcoin financial services firm Matador Technologies has received the regulatory green light to sell up to 80 million Canadian dollars ($58.4 million) worth of company shares, which it will use to help reach its…
Canada’s central bank will approve only fiat-backed, high-quality stablecoins to ensure they are “good money” as part of the country’s plan to modernize its financial system. The Bank of Canada has signaled it will only approve high-quality stablecoins tied to central bank currencies to ensure stablecoins serve as “good money” under the country’s upcoming stablecoin…
Musician Bif Naked, Pamela Carolina Martinez and Joshua Odjick are starring in Javier Badillo’s sci-fi comedy Lupe Q and the Galactic Earworms being shopped to international buyers at the Toronto Film Festival. Martinez stars as the titular Lupe, head of a Latinx punk rock band who discovers only her piercing musical scream can stop an…
The biopharmaceutical company bought $1 million of Bitcoin and other cryptocurrencies, taking its total crypto holdings to $4.5 million. Quantum Biopharma has purchased an additional $1 million worth of Bitcoin and other cryptocurrencies, the Canadian biotechnology company said. The buys take Quantum’s total cryptocurrency holdings to approximately $4.5 million, according to a May 19 press…
Crypto industry observers in Canada are concerned that their industry is being left behind without a clear framework for stablecoins. The slow adoption of stablecoins in Canada has some local crypto industry observers concerned that the country is falling behind. The Canadian Securities Administrators (CSA) classified stablecoins as “securities and/or derivatives” in December 2022 after…
Canadian voters appear to have given the governing Liberals, led by owlish central banker and businessman Mark Carney, a fourth term after a snap parliamentary election prompted by U.S. President Donald Trump’s threats to take over Canada. On Monday night, decision desks at major Canadian broadcasters like CBC, CTV and Global News made projections…
The ETFs will access Solana staking through Canada’s newly approved staking feature for crypto funds. ARK Invest has added exposure to staked Solana (SOL) to the portfolios of two of its exchange-traded funds (ETFs), the asset manager said in a client email reviewed by Cointelegraph. As of April 21, the two ARK funds — ARK…