Authorities have confirmed that the body of Kevin Mirshahi, a cryptocurrency influencer abducted in June, has been found in Montreal. A passerby discovered Mirshahi’s remains in Île-de-la-Visitation Park, located in the Ahuntsic-Cartierville district, on October 30. Mirshahi’s death has added to Montreal’s rising homicide count, bringing the city to its 32nd case this year. Kevin…
Canada’s Indigenous groups are seeking deals with BRICS member China to bolster their communities’ income. The indigenous communities under the ‘First Nations in Canada’ are seeking deals with China that could give Beijing access to the country’s natural resources. Also Read: BRICS: 28% of Trade Settled in Cryptocurrencies: Deutsche Bank The indigenous groups in Canada…
The influencer was last seen on June 21, after which he along with his three friends got kidnapped from a residential unit in Montreal. Mirshahi had set his foot in the Montreal crypto community and has also owned and operated a private crypto investment firm commonly known as “Crypto Paradise Island.” In 2021, The Autorite…
The CEO of WonderFi, a prominent Canadian cryptocurrency holding company, was reportedly hijacked during rush hour in Toronto and later released after paying a ransom of a million Canadian dollars, or about $720,000. Dean Skurka was forced into a vehicle by assailants on Wednesday but was released unharmed after the money was paid. Skurka Reassures…
In what is an important development for the crypto sector in the North American country, Gemini has announced that it is exiting Canada, becoming the latest in a growing list. Indeed, the exchange follows both Binance and OKX as platforms opting to exit the market amid recent crypto restrictions. Canadian regulators have recently approved a…
Gemini, the cryptocurrency exchange founded by the Winklevoss twins, has reportedly informed its Canadian users that it will cease operations in the country by December 31, 2024. This follows the departures of OKX, Paxos, Bybit, and Binance from the Canadian market. Users Given 90 Days to Withdraw Assets In a September 30 email to users,…
Gemini Canadian accounts will be closed due to new crypto regulations. Users had a ninety-day window to withdraw assets from the platform. The cryptocurrency exchange Gemini, run by the Winklevoss brothers, announced the closure of all customer accounts in Canada. The decision follows the recent Canadian Securities Administrators (CSA) tightened regulations for crypto exchanges and…
Crypto exchange Gemini has announced plans to cease operations in Canada by the end of 2024, according to a Sept. 30 email sent to its customers. The email stated: “Effective December 31, 2024, Gemini will close all customer accounts in Canada with limited exceptions. As a result, we will be closing your Gemini account.” Customers…
Gemini exits Canadian market, citing strict regulations and compliance costs. Users must withdraw funds by Dec. 31 as all accounts will close by that date. Canada’s new crypto rules, set for 2026, further restrict decentralized markets. Crypto exchange Gemini has become the latest platform to withdraw from the Canadian market, following in the footsteps of…
The Canadian Securities Administrators (CSA) have announced an updated regulatory framework for stablecoins, also known as value-referenced crypto assets (VRCAs), with a new compliance deadline set for December 31, 2024. The updated regulations emphasize transparency and investor protection, requiring stablecoin issuers to maintain appropriate reserves with qualified custodians and to publicly disclose information about their…
The Bank of Canada has announced a strategic shift away from developing a retail Central Bank Digital Currency (CBDC) to focus on broader payments system research and policy development. This decision follows a public consultation in 2023, which revealed significant privacy concerns among Canadians. While the central bank remains open to revisiting the idea of…
Canada has reportedly paused its Central Bank Digital Currency (CBDC) project, which started in 2017. According to a September 18 CBC news story, following years of research into the potential for a digital version of the Canadian dollar, the local central bank has decided to move away from the initiative. Bank of Canada Rethinks Digital…
A contingency plan should the need arise was the BOC’s stance on CBDCs. Both high-level and ground-level investigations were conducted by the bank itself. Updates on the Bank of Canada’s (BOC) website indicate that the central bank is halting development of CBDC for retail use. Although a wholesale CBDC was not mentioned in the statement,…
September 19, 2024 at 02:45 AM GST updated: September 18, 2024 at 06:35 PM 2 mins read News One of the most critical aspects that cryptocurrency investors and traders need to consider. Here, five exchanges likely to be top players in 2024 – Kraken, Coinbase, KuCoin, Crypto.com, and Gemini live up to their billing due…
August 30, 2024 at 11:20 AM GST updated: August 30, 2024 at 11:12 AM 2 mins read News Australia now hosts more Bitcoin ATMs than Asia, ranking third globally with a rapid installation spree in 2023. Major Asian economies collectively host 355 crypto ATMs, while Australia has reached 364, highlighting a significant growth difference. Leaked…
The Canadian government has approved unlimited trading of Litecoin (LTC) and three other cryptocurrencies. In addition, a crypto analyst has predicted that the price of LTC could reach $140. In a major breakthrough for the Canadian cryptocurrency market, the government has given the green light for unrestricted trading of Litecoin (LTC) and three other cryptocurrencies…