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” Iris Energy to cut mining hardware after defaulting on $108M loan “ Australian Bitcoin mining firm Iris Energy is the latest to suffer from the squeeze of the crypto bear market, losing a significant chunk of its mining power after defaulting on a loan. A filing by the firm to the U.S. Securities and…
” FTX acquisition no more: Canadian exchange Bitvo backs off the deal “ The Canadian cryptocurrency exchange Bitvo has terminated its expected acquisition agreement with FTX to continue operating independently. Bitvo’s shareholder, Pateno Payments, has discontinued the acquisition deal with FTX Canada and FTX Trading in accordance with the agreement terms, Bitvo announced on Nov….
” Canada to examine crypto, stablecoins, and CBDCs in new budget “ The Canadian federal government is set to launch a consultation on cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs) as revealed in its new mini-budget. The government’s “2022 Fall Economic Statement” released on Nov. 3 by Deputy Prime Minister Chrystia Freeland works as…
” Quebec’s energy manager to seek government approval to stop powering crypto miners “ Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms. According to a Nov. 3 tweet from Canadian lawmaker Pierre Fitzgibbon, the government will request a decree from the energy board…
“Q&A with Christine Sinclair on trash talk, equality in sports, retirement plans and more” Many Canadians recognize Christine Sinclair as the long-time captain of the Canadian women’s soccer team, which won gold last year in Tokyo. Those who follow the sport likely know that her current tally of international goals—190 as of this past September—is…
” Grayscale BTC Trust trades at a record 36.7% discount, but is it justified? “ U.S. investors have been waiting for a Bitcoin exchange-traded fund (ETF) approval since May 2014 when the Winklevoss Bitcoin Trust filed an amendment request at the Securities and Exchange (SEC). Over the years, the SEC has rejected every applicant and…
“What it’s really like to fight B.C.’s wildfires” Scott Rennick has been fighting fires in British Columbia for 30 years—first as an emergency firefighter, now as an incident commander overseeing some of the most complex and dangerous wildfires in the province. In his career, he’s seen how climate change is causing more frequent and more…
” Coinsquare acquires publicly traded crypto exchange CoinSmart “ Canada’s crypto exchange landscape appears to be consolidating after Coinsquare, one of the largest digital asset trading platforms in the country, acquired CoinSmart for an undisclosed amount. On Thursday, Coinsquare announced that it had entered into a definitive agreement to purchase all issued and outstanding shares…
” Downfall of Canada’s Lambo driving ‘Crypto King’ reportedly sees $35M in losses “ A self-styled 23-year-old ‘Crypto King’ is facing a raft of demands among 140 of his investors as they try to claw back a collective total of $35 million from his company AP Private Equity Limited. According to a Sept. 20 CBC…
” Bear market uncertainty is the perfect time to build and learn, says Sato exec “ The decisions made by companies during bear markets play a pivotal role in determining their longevity in the crypto ecosystem. Representing Canadian Bitcoin (BTC) mining firm Sato Technologies, COO Fanny Philip revealed what it takes to survive the bearish…