Bankruptcy
Canada’s largest pension fund writes off $95M FTX investment
Ontario Teachers said its FTX investmetnt represented less than 0.05% of its total net assets
Oluwapelumi Adejumo 2 min read
Canada News
Policy developments, ETFs, mining, and innovation shaping Canada’s digital asset landscape.
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Crypto
CryptoSlate Wrapped Daily: Binance retracts purchase offer for FTX; Bitcoin slumps to $15K levels as stablecoins test dollar peg
Multiple stablecoins drop below $1, Crypto exchanges roll their sleeves to publish proof-of-funds, and much more in this edition of CryptoSlate Wrapped Daily.
Investments
Canada’s third-largest pension fund invested in FTX at $32B valuation
The Ontario Teachers' Pension Plan invested in FTX in January this year as part of a $400 million funding round. The potential losses the fund could face are still unknown.
Latest Canada Crypto News & Analysis
Crypto
CryptoSlate Wrapped Daily: Do Kwon wants conference with law enforcement; pressure on miners to rise after excepted upcoming difficulty spike
DOGE falls 9% in 24 hours after Twitter got sued over planning to downsize by 50%, Bitcoin mining difficulty is expected to increase on Sunday, and much more in this edition of CryptoSlate Wrapped Daily.
Regulation
Canada launches consultations on crypto, stablecoins, CBDCs
Canadian government announced it is launching consultations on digital currencies to review legislations to address the illicit crypto activities.
Banking
Former IMF official believes CBDCs need to function offline to gain mass adoption
A new blog post by former IMF official tracked the history of offline CBDCs and why he thinks they should used worldwide to promote financial inclusion.
Scams
Canadian Crypto King’s assets confiscated as investors try to recoup millions entrusted to him
Aiden Pleterski and his cryptocurrency company AP Private Equity Limited allegedly cheated $35 million out of 140 investors while living in luxury.
Scams
The Better Business Bureau warned about crypto investment scams on TikTok
The Better Business Bureau published a blog post that shows how crypto scams are carried out on TikTok and how to deal with them.
Politics
Trudeau says showing support for crypto is irresponsible leadership
Trudeau said he was ready to call out Pierre Poilievre's support for Bitcoin and criticism of inflation as irresponsible leadership.
More Canada Crypto News Headlines
People
Bitcoin maxis bullish on new leader of Canada’s Conservative Party
Investments
Despite market downturn, US sees 44% increase in retail crypto investors
Adoption
Crypto ATM operator Bitcoin Depot, marketplace WonderFi seek to go public on Nasdaq
Regulation
