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AI Poses Risk to Economy, Warns Bank of Canada
Tiff Macklem, the Governor of the Bank of Canada, cautioned that artificial intelligence could temporarily push inflation higher and undermine financial stability. He pointed out that companies using AI tend to adjust prices more frequently than others. Wayve Ventures into Canada
British autonomous vehicle manufacturer Wayve Technologies announces the opening of a new research and development hub in Vancouver, Canada, marking its third establishment following London and Mountain View in California. The initiative will be spearheaded by the company's Chief Scientific Officer, Jamie Shotton. 
Europol and Cyber Police of Ukraine Expose Hacker Extortionists
The case's key figures engineered unique encryption ransomware to launch attacks on the world's leading corporations in countries like France, Norway, Germany, the Netherlands, Canada, and the United States, with their operations dating back to 2018. 
Coinbase expands to Canada with official launch
Coinbase, the cryptocurrency exchange, has joined forces with Peoples Trust Company. This collaboration facilitates access to the Interac e-Transfers system, streamlining deposit and withdrawal processes for its Canadian user base.
What's more, they're gifting users a one-month free gateway into the Coinbase One subscription. This means no trade-related fees, amplified staking profits, and swift client support.
"Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework," voiced Nana Murugesan, the International Development VP at Coinbase. 
Quantum Computer Broke Encryption for the First Time
A research team from Shanghai University executed the first successful quantum attack on encryption algorithms. In the paper “D-Wave Advantage,” the team wrote they could crack classic encryption algorithms using a computer from Canada’s D-Wave Systems.Canadians Slow to Adopt Cryptocurrencies
According to a survey by the Bank of Canada, only 2.5% of Canadians used cryptocurrencies for everyday payments last year. Predominantly, individuals continue to favor traditional forms of electronic payments such as those made via phone numbers or email over cash and bank cards. Air Canada to Compensate Customer for AI Chatbot's Misguidance
A Canadian court has ordered Air Canada to partially refund the cost of tickets ($482) and pay the legal fees of Jake Moffatt due to misleading information provided by the airline's AI chatbot. The client sought discounted tickets due to a family death and consulted the AI for details. Canadian Court Rules Against Freeze on Protesters' Crypto Assets
The Federal Court of Canada has ruled the government's actions of freezing cryptocurrency assets and limiting donations to protesters as unlawful. These measures were implemented by Prime Minister Trudeau amidst the extensive trucker demonstrations opposing COVID-19 restrictions. 
G7 Countries Forge Common Principles on AI Risk Mitigation
The artificial intelligence sector is revisiting the idea of implementing specific watermarks and additional vetting measures. The G7 countries – Canada, France, Germany, Italy, Japan, the UK, and the USA – have presented 11 guiding principles for AI applications to tech companies. For now, following these guidelines is optional. 
Why Are Cryptocurrency Exchanges Fleeing from Canada?
Multiple large cryptocurrency exchanges have ceased their operations in Canada, opting instead to collaborate with jurisdictions that display a friendlier attitude toward cryptocurrencies. They attribute this decision to the harsh regulatory requirements imposed by Canada. So, what are these demanding criteria? Ripple and University of Toronto Team Up for Crypto Education
The University of Toronto, Canada's largest higher education institution by enrollment, is partnering with Ripple to establish an independent XRP ledger validator that will primarily process payments, marking a significant step in fostering the upcoming wave of the crypto industry.