The Bank of Canada and the Massachusetts Institute of Technology (MIT) announced a 12-month collaboration to research Central Bank Digital Currencies (CBDCs). The report will be published at the end o...
Tag: Canada
Bank of Canada and MIT to Conduct a Joint Research Project on CBDC
Canada’s central bank collaborated with the Massachusetts Institute of Technology (MIT) to launch a twelve-month research project on central bank digital currency (CBDC). The study will inform the fin...
Bank of Canada partners with MIT
TL; DR Breakdown Bank of Canada will partner with MIT on a Canadian CBDC research The research will run for 12 months The US wants to create a CBDC The design and subsequent development of potential C...
Bank of Canada and MIT to Work on Joint CBDC Collaboration
The Bank of Canada (BoC) and Massachusetts Institute of Technology (MIT) have announced on Wednesday that both parties have reached an agreement to collaborate in a twelve-month research project on ce...
Bank of Canada Partners With MIT on CBDC Research
Key Takeaways The Bank of Canada has partnered with MIT’s DCI in order to research a central bank digital currency (CBDC). The Canadian central bank will publish a report on its findings at the ...
Canada Has Frozen And Seized Bitcoin Donations To “Freedom Convoy”
Last month, the world had shifted its focus towards Canada as the Truckers’ protests raged on. In a bid to stop the protests dead in its tracks, the Canadian government had chosen to remove the financ...
Is the USD/CAD a sell after the strong Canada inflation data?
The USD/CAD pair retreated slightly on Wednesday after the relatively strong Canadian consumer inflation data. It fell to a low of 1.2727, which was slightly below this week’s high of 1.2900. Canada i...
Forex.com Enters Canada with Trading Services
Forex.com, the brokerage brand owned by StoneX Group, announced on Wednesday that it has entered the Canadian market and is offering trading services to customers in the country. Services in the new m...
Drillers Awaken in Canada as War Leaves World Begging for Oil
(Bloomberg) — Canada’s slumbering oil industry is beginning to stir. Most Read from Bloomberg For years, the country’s drillers, like those in the shale fields of West Texas, have been under gre...
Starbucks unveils new plans to eliminate single-use cups, encourage reusable mugs
A protestor walks past a caricature made of coffee cups outside of the Starbucks Annual Shareholders Meeting at McCaw Hall, on March 21, 2018 in Seattle, Washington. Stephen Brashear | Getty Images Wh...
Bitfarm Adding New Mining Space In Canada, Acquires Land To Set Up
A prominent corporate player in Bitcoin mining space, Bitfarm has made an announcement regarding latest purchase of facility and land in Canada. Acquired land is located at Sherbrooke, Quebec, as per ...
Bitfarms opens mining facility in Canada
Bitfarms announced a new acquisition of land and a facility in Canada, aggregator CoinFi reported. The plot, which is located in Sherbrooke, Quebec, is replacing another facility the company has in th...
Bitfarms Buys Land to Open New Mining Facility in Canada – Mining Bitcoin News
Bitfarms, a corporate player in the bitcoin mining world, has announced a new acquisition of land and a facility in Canada. The purchased land is located in Sherbrooke, Quebec, and according to a pres...
USD/CAD forecast ahead of the Canada jobs data
The USD/CAD pair was in a tight range on Friday morning as investors waited for the latest Canadian jobs data. It is trading at 1.2787, which was a few points below this week’s high of 1.2895. Canada...
Canada’s Biggest Film And TV Studio To Be Built In Metro Vancouver
A view of the skyline of downtown Vancouver with False Creek in the foreground and the Coast … [+] mountains in the background with the sports venue BC Place on the right side. (Photo by Christo...
Canada Shuts Down Numerous Crypto Scams
Alex Dovbnya The Canadian police have shut down numerous bogus cryptocurrency frauds The Royal Canadian Mounted Police has clamped down on cryptocurrency scams, according to a report by The Vancouver ...
Through Azteco, BTC Available At 600K+ New Locations In Nigeria, Canada & The UK
Azteco is making big moves. Their vouchers are now available in 600K new locations in Nigeria, 6K in Canada, and 28K in the U.K. Their system was already one of the most accessible ways to buy bitcoin...
Costco Reports Strong Second Quarter 2022 Sales And Earnings
(Photo by Scott Olson/Getty Images) Getty Images Costco’s second quarter net sales increased 16.1% to 50.9 billion from $43.9 billion last year. Net sales for the 24 weeks increased 16.4% to $100.4 bi...
KPMG Canada makes NFT purchase
NFTs have been labeled as a scam or Ponzi scheme They are now well-positioned to guide our clients around building a corporate NFT strategy KPMG also revealed it owns kpmgca.eth, the Ethereum Name Se...
USD/CAD signal ahead of US NFP and Canada PMI data
The USD/CAD pair has been in a tight range this week as investors have focused on the soaring crude oil prices and the Bank of Canada decision. It is trading at 1.2693, where it has been in the past f...
Demand for Bitcoin ETFs in Canada increases
In Canada, the Purpose Bitcoin ETF (BTCC) hit an all-time high in demand yesterday. The spot ETF was the first of its kind in Canada and has 32,329 BTC and continues to expand. The case of the Bitco...
Bank of Canada raises its key interest rate for the first time since 2018
The Bank of Canada on Wednesday raised its key interest rate from 0.25% to 0.50%, starting a much-awaited cycle of rate hikes to address persistently high inflation. Ukraine war will add to inflation ...
KPMG Canada Buys World of Women NFT for $73,000
KPMG Canada said Monday that it bought a World of Women non-fungible token (NFT) for a reported 25 ethereum (ETH), or about $73,000 at existing market prices. The global accounting company also acquir...
KPMG Canada announces the purchase of its first NFT
Over the past year, an influx of traditional financial institutions into the cryptocurrency sector has been recorded. These institutions are now diversifying towards other crypto-related avenues such ...
KPMG Canada buys an NFT after investing in crypto
KPMG in Canada announced that it has completed the purchase of a digital art NFT from the World of Women collection. “This acquisition reflects our belief not only in the continued growth of NFTs…” Ma...
KPMG Canada Follows Bitcoin Buy With Purchase of World of Women NFT
“NFTs unlock a new channel for organizations to engage with their customers, while also underpinning innovation through the secure digitization of assets,” Benjie Thomas, managing partner at KPMG in C...
Energy Transfer’s stock gains after deal to sell majority stake in Energy Transfer Canada
Shares of Energy Transfer L.P. ET, +3.58% rose 0.8% in premarket trading Tuesday, after the provider of natural gas pipeline transportation services said it agreed to sell its 51% stake in Energy Tran...
Republican Lawmaker Drafts New Crypto Bill to Stymie Another Canada Situation
Canadian Prime Minister Justin Trudeau’s efforts to freeze bank and crypto exchange accounts of the anti-vaccine mandate protestors squeezed the organizers of the protest who brought international tra...