Canada expands AML rules to include crypto amid ‘Freedom Convoy’ protests

Canadian Deputy Prime Minister and Minister for Finance Chrystia Freeland announced at a press conference that the government has invoked the Emergencies Act to expand the scope of anti-money laundering and terrorist financing rules to cover crowdfunding platforms and their payment service providers in an effort to crack down on the “Freedom Convoy” protests. “These…

Bitcoin down 50% amid fear of Fed’s hawkish rate hikes

This year has been nothing short of a blood bath for bitcoin. The market has not seen a bitcoin (BTC) price this low since July last year. Corrections in 2017, and early 2021 were much shallower – between 20 and 40 percent, whilst July 2021 reached a drawdown of about 54 percent, according to fresh…

How U.S. excessive dollar printing benefits crypto

In 2020, the United States Federal Reserve embarked on a massive dollar printing journey, necessitated by the need to deliver financial stimulus packages for the American taxpayers during the wave of the Covid-19 pandemic. The U.S printed 35% of Dollar circulation in 2020 Reports even had it that that year’s print represents 35% of dollar…

How COVID-19 has impacted crypto mining operations

2020 has become the year of the pandemic, and COVID-19 has affected nearly all reaches of life, including the cryptocurrency industry. To add to the uncertainty, right in the middle of the pandemic the Bitcoin halving occurred. We’ve seen hash rates and the price of Bitcoin fluctuate in the past few months — is COVID-19…