Canada
Coinbase Praises Canada’s Crypto Approach Amid U.S. Regulatory Pressure
Crypto exchange giant Coinbase (COIN) says it loves Canada, where the rules have been set out and companies are able to engage with the regulators, compared with the United States' lack of clarity and regulation by enforcement for the industry. "The Hash" panel discusses the outlook for Coinbase and the wider implications for crypto exchanges amid intensifying regulatory pressure in the U.S.
Coinbase Praises Canada’s Crypto Approach as U.S. Regulatory Pressure Intensifies
Canada is doing crypto regulation by engagement – “which we love,” said Coinbase’s VP International and Business Development Nana Murugesan.
Bitcoin Moves Sideways, Trading Around $27K
Bitcoin (BTC) and ether (ETH) are both trading below their 20-day moving average. 3IQ CEO Fred Pye joins "First Mover" to discuss the fairly quiet price action across the crypto market. Plus, insights on the increasing regulatory tensions in Canada as crypto exchange Binance announced its plans to exit the country.
Bitcoin Miner Bitfarms Accelerates 6 EH/s Hashrate Target As Quarterly Loss Per Share Narrows
In Q1 2023, the bitcoin miner's net loss per share narrowed to 1 cent, from 8 cents the previous quarter.
Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some Users, EY Says
EY will make the procedure to file the claims public in the coming weeks,
Ontario Teachers' Pension Plan Won't 'Rush' Into Crypto After FTX Write-Off: FT
The fund has written off its $95 million investment in the bankrupt exchange.
Crypto Exchange Coinbase Receives License to Operate in Bermuda
In March, the company was reported to be exploring options to launch an offshore platform.
Blockchain Financial Services Firm Paxos Sets Withdrawal From Canada
The company joins others that have decided to depart from the country in the face of increased regulatory requirements.
Crypto Derivatives Exchange DYdX Ices Canadian Market
Existing Canadian users will be able to trade on the exchange until April 14.
'Shark Tank' Star Kevin O'Leary Calls Litigating Your Crypto Regulator 'Really Stupid'
In Coinbase's case, O'Leary said, it would be "better to sit down and work it out" with regulators. If a "U.S. regulator doesn't want staking or lending, so be it."
