Vancouver mayor eyes Bitcoin to bolster city reserves against economic shocks
Vancouver Mayor Ken Sim believes Bitcoin could hedge against inflation and strengthen financial reserves.
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Vancouver Mayor Ken Sim believes Bitcoin could hedge against inflation and strengthen financial reserves.
Assad Jafri 2 min read
Canada's securities regulator recently extended the compliance period for crypto platforms to the end of the year.
Direct ownership of digital assets has more than doubled since 2021, with 75% of investors now holding these assets compared to 29% two years ago.
The company introduced over 5,000 devices in two locations.
Argo blamed its falling Bitcoin production on increasing network difficulty and outage at a third-party facility.
CoinShares reports minor outflows in cryptocurrency funds overshadowed by persistent high trading volumes and equity investments.
Crypto investment products have recorded $1.76 billion worth of inflows during the past 10 weeks.
Bitcoin and Ethereum spearhead the largest crypto investment surge since 2021, signaling renewed investor confidence.
3iQ will use Coinbase Custody's institutional staking infrastructure to stake part of the Ethereum held for its funds for rewards.