cryptocurrency: Latest News

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03.05.2023 / 00:19

Securities Commission alleges fraud committed by B.C. crypto firm

The B.C. Securities Commission alleges a now-defunct cryptocurrency platform based in Nanaimo on Vancouver Island committed a multimillion-dollar securities fraud by diverting customer assets to online cryptocurrency gambling sites.

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U.S. regulators sue Coinbase, joining Binance as crypto exchanges under scrutiny

The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency exchange of operating illegally without having first registered with the regulator.

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Russians could evade Canada sanctions by laundering money, agency warns

Canada’s financial intelligence agency is warning that Russians subject to economic sanctions due to Moscow’s attack on Ukraine could try to evade them using shell companies, cryptocurrency and real-estate transactions.

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Binance, the world’s biggest cryptocurrency exchange, is leaving Canada

Binance, the largest cryptocurrency exchange in the world, says it is pulling out of the Canadian market.

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Under pressure from crypto miners, NB Power places pause on electricity requests

New Brunswick’s electric utility imposed a moratorium on providing new service to cryptocurrency mining operations last year, saying it was concerned about its ability to meet the increasing demands from the power-hungry sector.

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B.C. senior defrauded of $7.5 million in sophisticated cryptocurrency scam

It’s a potent reminder of just how persuasive, persistent and sophisticated scammers have become.

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Calgary planning to be law enforcement training hub on cryptocurrency crimes

Police in Alberta’s largest city are turning to a global blockchain data platform to help combat cryptocurrency crimes.

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Bitcoin scam: Victim faced with excuses, told to pay large fees when trying to withdraw funds

A victim in a cryptocurrency scam who invested $400,000 was faced with multiple excuses and told to pay large fees when attempting to withdraw the funds, Toronto police say.

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Cryptocurrency, dark web marketplaces interlinked with illicit drug trade: SFU study

Online cryptomarkets are proving to be a popular place for the exchange of currency for illicit drugs, according to a new study conducted by Simon Fraser University researchers.

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FTX founder should be limited to flip phone, no internet while on bail: officials

Sam Bankman-Fried should be allowed while on bail to have a flip phone with no internet capability and a basic laptop with limited functions, but be forbidden from using other electronic communication devices, the U.S. Department of Justice said.

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Cops warn of crypto scam after Winnipegger loses $168,000

Police are warning Winnipeggers about investing in cryptocurrency after a local resident was scammed out of the equivalent of $168,000 in bitcoin.

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Convicted Nova Scotia murderer’s stash of bitcoin at centre of wrongful death lawsuit

A legal battle is brewing in Nova Scotia over access to bitcoin owned by an ex-medical student recently convicted of fatally shooting a fellow student during a drug deal.

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FTX, collapsing crypto giant, no longer buying Calgary-based Bitvo

Canadian crypto trading platform Bitvo Inc. says its deal to be acquired by FTX, the crypto-exchange giant that collapsed last week and filed for bankruptcy, will not go ahead.

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FTX founder Sam Bankman-Fried agrees to U.S. extradition from Bahamas

Sam Bankman-Fried told a Bahamian court Wednesday that he has agreed to be extradited to the U.S. to face criminal charges related to the collapse of cryptocurrency exchange FTX.

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FTX founder Bankman-Fried says he didn’t ‘try to commit fraud,’ knowingly misuse funds

Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to distance himself from suggestions of fraud in his first public appearance since his company’s collapse stunned investors and left creditors facing losses totaling billions of dollars.

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Maidstone RCMP report more than $570K lost to cryptocurrency scams in 2022

Saskatchewan RCMP are warning the public of an unusually high number of scam calls involving cryptocurrency being reported across the province in 2022.

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Nova Scotia warns public of crypto scam resulting in ‘unrecoverable’ losses

The Nova Scotia Securities Commission is warning residents of a crypto scam, which it says is often cruelly referred to as a “pig butchering” scheme.

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Manitoba suspends new cryptocurrency operations, citing high energy demand

The Manitoba government is temporarily halting any new connections of cryptocurrency operations to the hydroelectric grid, citing a potential for overwhelming energy demands and low economic return.

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B.C. putting 18-month freeze on new cryptocurrency mining hookups to BC Hydro

The British Columbia government is moving to block new cryptocurrency mining operations from drawing power from BC Hydro for 18 months.

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FTX scheme was ‘plain, old-fashioned embezzlement,’ new CEO tells U.S. Congress

The U.S. government charged Samuel Bankman-Fried, the founder and former CEO of cryptocurrency exchange FTX, with a host of financial crimes on Tuesday, alleging he intentionally deceived customers and investors to enrich himself and others, while playing a central role in the company’s multibillion-dollar collapse.

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FTX founder Sam Bankman-Fried can be released on US$250M bond ahead of trial: judge

The cryptocurrency entrepreneur Sam Bankman-Fried can post a $250-million bond and live in his parents’ home in California while he awaits trial on charges that he swindled investors and looted customer deposits on his FTX trading platform, a judge said Thursday.

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Ontario Teachers’ Pension Plan becomes second public pension to write off crypto bet

For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours.

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Poilievre’s cryptocurrency-inflation comments prompted bureaucratic research: documents

Senior federal bureaucrats examined whether cryptocurrencies protect against inflation not long after Opposition Leader Pierre Poilievre made the claim as a candidate in the Conservative leadership race, according to an internal government document.

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Investment scams on the rise in the Okanagan

If it looks too good to be true, it probably is, Mounties are reminding Kelowna residents.

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Lethbridge Police Service says gift card scams, other fraud on the rise

Lethbridge residents should think twice before buying a gift card or opening a strange email. The Lethbridge Police Service issued a public advisory.

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Resident loses $108K in bitcoin scam: Central Hastings OPP

Central Hastings OPP are investigating a fraud involving bitcoin that they say cost an area resident more than $100,000.

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EU hammering out cryptocurrency regulations that could set global standard

Europe prepares to lead the world in regulating the freewheeling cryptocurrency industry at a time when prices have plunged, wiping out fortunes, fueling skepticism and sparking calls for tighter scrutiny.

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Bitcoin drops below US$ 20,000 for the first time since 2020

The price of bitcoin fell below $20,000 for the first time since late 2020 on Saturday, in a fresh sign that the selloff in cryptocurrencies is deepening.

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3 Vancouver Island men charged in dark web cryptocurrency drug trafficking ring

Three Vancouver Island men are facing multiple charges in connection with a dark web drug-trafficking ring, funded by cryptocurrency.

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Peterborough police retrieve victim’s $100,000 lost in cryptocurrency scam

Peterborough police are warning residents to be very wary of cryptocurrency investment deals after a resident recently lost $100,000 in a scam.

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Shouldn’t stablecoins be stable? What’s behind TerraUSD’s collapse

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Crypto market’s crash could send shockwaves through the financial system

On Tuesday, bitcoin fell briefly below $30,000 for the first time in 10 months, while cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap, as investors fret about tightening monetary policy.

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Crypto and tech stocks are plummeting. What that means for your investments

Early on in the COVID-19 pandemic, rising tech star Shopify became Canada’s most valuable company, beating out established player Royal Bank of Canada for the top spot.

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Bitcoin has lost nearly half its value since 2021 peak

Bitcoin is seeing its value rapidly erode amid a global stock market downturn.

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Canadians less likely to use, invest in cryptocurrency than Americans, poll suggests

Canadians are less likely than Americans to use or invest in cryptocurrencies, says a new survey released Tuesday.

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Cryptocurrencies not a way to ‘opt out of inflation’: Bank of Canada official

A senior Bank of Canada official poured water on the idea that cryptocurrencies are a good hedge against inflation as the federal finance committee asked central bank leadership about the path to getting surging prices back under control.

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Crypto space gaining traction among some Conservative MPs

Conservative MP Michelle Rempel Garner says she hopes her bill to help grow the cryptocurrency sector will get Canadian legislators talking about it in a non-polarized way.

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Alberta bill proposes regulatory ‘sandbox’ to help financial tech companies grow

Alberta is proposing rules that would make it easier for entrepreneurs to test products in the emerging field of cryptocurrencies and online banking.

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Guelph, Ont. police seeing an increase in cryptocurrency investment scams

Guelph, Ont., police are seeing an increase in cryptocurrency investment scams and trying to warn the community about some of the ways people are losing money.

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Alberta has potential to become new hub for cryptocurrency industry

Cryptocurrency has been described by some observers as a “Wild West,” so it’s no surprise that of all Canadian provinces, Alberta is the one that has set its sights on becoming a North American hub for the maverick industry.

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Freezing ‘freedom convoy’ crypto possible, but faces roadblocks, experts say

When the so-called “freedom convoy” pivoted to Bitcoin and other digital assets as a source of funds when traditional channels were cut off, Canadian authorities ratcheted up attempts to police the cryptocurrency space.

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Edmonton’s Glenrose Rehabilitation Hospital Foundation to accept cryptocurrency donations

The Glenrose Rehabilitation Hospital Foundation is now accepting cryptocurrency as donations.

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Ottawa’s Emergencies Act cracks down on convoy crypto. Experts warn that’s not easy

The federal government’s move to invoke the Emergencies Act marks an attempt to cut off funds directed to the “Freedom Convoy,” including new cryptocurrency channels.

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Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups

An Alberta woman has another warning about so called “digital gold” and the rush to cash in on cryptocurrency.

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Aylmer man loses $141,000 in cryptocurrency scam: police

Aylmer Police are investigating after they say a man lost $141,000 in a Bitcoin cryptocurrency scam over the span of half a year.

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Guelph man loses nearly $100,000 in cryptocurrency scam: police

Guelph police are investigating after an online cryptocurrency scam resulted in a man losing nearly $100,000.

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Federal documents warn of sweeping implications if ‘digital loonie’ adopted

Internal government documents show Finance Department officials believe there could be sweeping implications for the economy if the Bank of Canada ever issued its own cryptocurrency.

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Bitcoin price plummets after steep weekend decline

Bitcoin tumbled almost five per cent on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0