Monex Acquires Majority Stake in Canadian Digital Asset Manager
Monex Group, which sold a controlling stake in its Japanese online brokerage business Monex to NTT Docomo in October, will acquire the majority stake of 3iQ Digital Holdings, a pioneer in crypto asset management in Canada. The acquisition carries the trend of significant cryptocurrency exchanges entering the asset management space. The financial terms of the […]
Canadians Reject CBDC Idea in Public Consultation
A recent public consultation on Canada’s central bank digital currency (CBDC) initiative revealed a negative sentiment from Canadians, confirming the Bank of Canada’s concerns around its country-wide adoption. In a recent public consultation, Canadians have expressed their opposition to the idea of a digital Canadian dollar, a new form of money issued by the Bank […]
WonderFi Acquires Bitvo, Expands its Hold on Canadian Crypto Market
WonderFi has raised its market share in Canada’s regulated cryptocurrency exchange market and changed the dynamics of competition by acquiring Bitvo.com through its subsidiary, Bitbuy. WonderFi has significantly expanded its presence in the Canadian digital asset market through its subsidiary Bitbuy with the acquisition of Bitvo.com. With this acquisition, WonderFi now controls over half of […]
Microsoft Partner with Canadian Firm Photonic in $100M Deal
Photonic, a Canadian quantum computing company, has raised $100 million for its all-silicon quantum computing platform with Microsoft as a new partner, investor, and co-developer. Numerous industry specialists have hailed Photonic’s innovative approach to quantum computing as a “breakthrough” in the field, prompting the investment and partnership. The method of photonics entails the construction of […]
Kraken to Halt USDT, DAI, WBTC, WETH, WAXL Trading in Canada
According to multiple client emails, Kraken exchange will halt all transactions involving USDT, DAI, WBTC, WETH, and WAXL in Canada between November and December, with changes going into effect starting Nov. 30 In response to Cointelegraph’s request for comment, a Kraken spokesperson stated via email, “We constantly monitor the assets on our platform to ensure […]