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“# Canadian restaurant chain reports earning 300% gains on BTC investment to weather pandemic ” More than a year after a Canada-based Middle Eastern restaurant chain converted its fiat cash reserves into Bitcoin, the owner reported the move helped save the business during the pandemic. According to a Tuesday report from Canadian news outlet Toronto…
“#This just in: The PM has been phoning cabinet ministers” Certain reflexes are learned from experience, which helps explain why lately I open emails from the Prime Minister’s Office in something approximating the way Jeremy Renner opened packages in The Hurt Locker. A wince, a clench, a glimpse through half-shut eyes: what fresh hell have…
“# Survey shows that 67% of Canadians want to get paid in crypto by 2027 ” Receiving payment in crypto is gathering interest in Canada. A recent Capterra survey of 1,000 Canadian respondents revealed that 67% of the participants are interested in being paid in crypto in the next five years. The surveyors also found that…
“# Bitfinex advises Ontario-based users to close accounts before March 1 ” In a Friday announcement, Bitfinex said it would be immediately closing the accounts for Ontario-based customers who have no balances on the platform. In addition, it planned to restrict access to those who do not have open positions in the exchange’s peer-to-peer financing…
“# Visa survey shows that 24% of SMBs plan to accept crypto payments ” Back in 2021, a study showed that there is a high demand for cryptocurrency payment abilities among both crypto holders and non-holders. However, in the same study, 50% of participants noted that there are not enough businesses that accept crypto. This…
“# Bitfarms purchased more than $43M in Bitcoin to start the new year ” Canadian crypto mining firm Bitfarms has already bought 1,000 Bitcoin in 2022, making its total holdings of the crypto asset more than $177 million. In a Monday announcement, Bitfarms said it purchased 1,000 Bitcoin (BTC) for $43.2 million in the first…
“#Party flight passengers stranded after some catch COVID” A group of selfie-obsessed passengers who filmed their out-of-control party aboard a chartered flight from Montreal to Mexico face an uphill battle getting home as three airlines have refused to fly them back to Canada. Some in the unruly, unmasked group that flew on a Dec. 30…
“# Kevin O’Leary-backed WonderFi to buy Bitbuy parent company for $162M ” Kevin O’Leary-backed decentralized finance (DeFi) platform WonderFi Technologies is increasing its footprint in Canada by buying the first regulated crypto exchange in the country. WonderFi agreed to pay close to 206 million Canadian dollars ($162 million) to acquire First Ledger Corp., the parent…
“# Crypto makes history in 2021: Five instances of governments embracing digital assets ” As digital asset prices had been hitting new historical highs in 2021, many jurisdictions were increasingly adopting cryptocurrencies like Bitcoin (BTC) and other crypto-based instruments. In addition to Bitcoin crossing $68,000 for the first time since inception, the year of 2021…
“# Binance gets green light from Canada and Bahrain ” Binance is celebrating the new year with approvals from two different sides of the world. The crypto exchange has been granted an in-principle license by the Central Bank of Bahrain to operate as a crypto asset service provider in the Kingdom of Bahrain. According to…