Canadian crypto mining firm Hut 8 (HUT) had 5,518 bitcoin (approximately $256 million at current prices) in its reserves on Dec. 31, 2021, according to a Wednesday press release.Nasdaq-listed Hut 8 follows a “hodl” strategy, meaning it keeps all of the bitcoin it mines in its custody, essentially betting that their value will increase in the long term. The reserves represent a … [Read more...] about Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve
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Canadian Miner Hut 8 Closed 2021 With $220M in Bitcoin Reserves
Canadian crypto mining firm Hut 8 (HUT) had 5,518 bitcoin (approximately $220 million at current prices) in its reserves on Dec. 31, 2021, according to a Wednesday press release.Nasdaq-listed Hut 8 follows a “hodl” strategy, meaning it keeps all of the bitcoin it mines in its custody, essentially betting that their value will increase in the long term. The reserves represent a … [Read more...] about Canadian Miner Hut 8 Closed 2021 With $220M in Bitcoin Reserves
Binance to Continue Operating in Ontario After Cooperating With Canadian Regulators
“However, as a result of ongoing and positive cooperation with Canadian regulators, Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC‚” Binance told its users in Ontario on Wednesday. FINTRAC (Financial Transactions and Reports Analysis Center of Canada) is the country’s … [Read more...] about Binance to Continue Operating in Ontario After Cooperating With Canadian Regulators
Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Hamilton police in Ontario arrested a teen for allegedly stealing CAD$46 million (US$36 million) worth of cryptocurrency through a SIM swap attack on a victim located in the U.S.This is the biggest cryptocurrency theft reported so far in Canada, the Hamilton police said in a press release on Wednesday. The victim was targeted by a SIM swap attack, in which scammers hijack … [Read more...] about Canadian Police Arrest Teen for Allegedly Stealing $36M in Crypto
Study suggests Canadian CBDC could promote digital innovation within the country
A study released by Canada’s central bank, Banque du Canada, has noted a number of favorable reasons that the country could benefit from its own Central Bank Digital Currency, or CBDC.The document laid out two scenarios that might result in the bank issuing a CBDC at some future date. One would be if citizens were no longer widely using cash within the country for reasons that … [Read more...] about Study suggests Canadian CBDC could promote digital innovation within the country