The company’s latest investment is a strategic initiative focused on the institutional adoption of digital currencies.
As more bitcoin miners migrate from China, they are hesitant to set up shop in Canada, despite abundant energy and a cool climate. But why?Canada seems to offer many of the advantages for successful bitcoin mining — lots of stranded renewable energy (mostly hydro), a cooler climate (which is easier on equipment) and a lower fiat currency value (more competitive than the...
The company also announced the closure of its financing rounds.
North American bitcoin mining company Hut 8 has purchased 11,090 rigs for $44 million to complement an earlier purchase of 863 machines.Hut 8 Mining Corporation has announced a $44 million purchase of 11,090 WhatsMiner MicroBT M30S, M30S+ and M31S bitcoin mining rigs from Hong Kong-based company SuperAcme Technology.The purchase complements an earlier one of 863 M30S+ and M30S miners, which Hut...
The exchange was recently banned from operating in the UK.
The Bitcoin Fund has become the first bitcoin investment fund to trade in the Middle East after being listed on the Nasdaq Dubai exchange.The Bitcoin Fund, a Canadian, closed-end bitcoin investment fund, became the first of its kind to trade in the Middle East after being listed on the Nasdaq Dubai Exchange, reported...
Canada might not be known for crypto, or for basketball, but recent news could be changing that. The Canadian Elite Basketball League (CEBL) is becoming the first professional sports league in North America to adopt bitcoin as a method of payment for player salaries. The move is part of a league partnership with Canadian crypto platform Bitbuy, who will process the transactions....
The Canadian Elite Basketball League will allow players to receive portions of their salaries in bitcoin, through a partnership with Bitbuy.The Canadian Elite Basketball League (CEBL) announced that it will allow its players to receive a...
The crypto exchange operates in the country through its incorporations in Seychelles and Singapore.
Institutional adoption is not exclusively for big corporations. In fact, small and medium businesses would benefit tremendously from a Bitcoin strategy. Following Senator Cynthia Lummis, who’s scheduled to talk at the Bitcoin 2021 conference this weekend, we stumbled upon the story of Tahinis Restaurants. A chain of four restaurants in Ontario, Canada, that’s on the verge of becoming a franchise. And they’re all...
Together, these data centers can generate 20MW of power.
Olympia Trust Company expects to receive an exclusive Canadian license to use a proprietary bitcoin custody system developed by Knox.Olympia Trust Company, a Canada-based, non-deposit-taking trust company, will soon receive an exclusive Canadian license to use a proprietary bitcoin custody system developed by Knox,...
The ETF will offer three classes of units: two in CAD and one in USD.
The two ETFs will make their debut on Thursday.
The proposed regulatory framework includes mandatory licensing for certain cryptocurrency trading platforms.
The police department advised people not to share personal information and do proper due diligence.
Advancing in its mission to facilitate global crypto adoption as well as foster the transition from fiat to cryptocurrency, leading cryptocurrency exchange Crypto.com has unveiled a new feature that makes it easier for Canadians to file crypto taxes. Announcing the new initiative via an official blog post, Crypto.com noted that the...
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