Vancouver, Canada, has officially embarked on a journey to become a “Bitcoin-friendly city,” taking a progressive step toward cryptocurrency integration in public finance.
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.
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.
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.
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.
18 countries have developed a detailed set of guidelines on AI cyber security. Participants include the USA, UK, Canada, Italy, France, Germany, Australia, Israel, Japan, New Zealand, Nigeria, Norway, South Korea, and Singapore.
An analysis of crypto accessibility via ATMs, business adoption, legal frameworks, and overall availability has identified the frontrunners for 2023 as Hong Kong, Switzerland, the USA, Georgia, Slovenia, Canada, Australia, Germany, Bulgaria, and Panama.
The Canadian city of Vancouver is considering diversifying its financial reserves and payment options through Bitcoin.
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.
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.
KPMG's 2023 report reveals that cryptocurrency and blockchain have become the frontrunners in Canada's fintech sector, outpacing other areas despite a general decline in transaction volumes and deal values.
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.
The Canadian Securities Administrators (CSA) have released preliminary rules for cryptocurrency platforms that allow the use of stablecoins under certain conditions.
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.
