As the cryptocurrency industry navigates a so-called crypto winter, merger talks among exchanges are heating up.
Those discussions continue, sources say.
Since BNN Bloomberg’s exclusive story was published, CoinSmart has publicly rejected Coinsquare’s notice to terminate their deal, describing it as “invalid and without merit.”“As a result of very high regulatory costs and regulatory capital in the tens of millions of dollars, the smaller exchanges will find themselves forced into consolidation, likely with this new amalgamation … or face extinction,” one source previously told BNN Bloomberg in January.
Those realities are not unique to Canada. The prices of cryptocurrencies such as Bitcoin remain well below their peak.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consolidation looms for Canada’s crypto sector - BNN BloombergAs the cryptocurrency industry navigates a so-called crypto winter, merger talks among exchanges are heating up.
Read more »
U.S. stocks get no respite as traders amp up Fed wagers - BNN BloombergThe stock market got little encouragement to sustain its rebound after the U.S. Federal Reserve signaled that interest rates will continue moving higher amid ongoing inflation concerns.
Read more »
U.S. Fed inclined toward more hikes to curb inflation, minutes show - BNN BloombergU,S, Federal Reserve officials continued to anticipate further increases in borrowing costs would be necessary to bring inflation down to their two per cent target when they met earlier this month, though almost all supported a step down in the pace of hikes.
Read more »
First Quantum suspends ore processing at Cobre Panama as dispute escalates - BNN BloombergFirst Quantum Minerals has suspended ore processing operations at its Cobre Panama mine.
Read more »
U.S. futures rise as Fed aligns with street wagers - BNN BloombergU.S. equity-index futures rose as investors grew confident the Federal Reserve's peak interest rate would be within levels already priced in by markets.
Read more »
Young Canadians less confident in financial future than a year ago: RBC poll - BNN BloombergA new poll by RBC has found that Canadians aged 18 to 34 are much less confident today about their financial futures than they were a year ago.
Read more »