Altcoin News by Thebittimes.Com

In 2023, the number of crypto currency owners in Canada decreased slightly, but the average holdings increased significantly. According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets. While the number of Canadians able to provide a basic definition of cryptocurrency has grown from 51% in 2022 to 54% in 2023, only 34% of them now believe cryptocurrency “will play a key role in the future,” compared to 49% in 2022. However, despite the pessimism, 39% of respondents said their crypto portfolio was profitable compared to the initial investment, which is only slightly lower than in 2022 (46%). And the average value of such a portfolio has risen sharply from $52,975 last year to $82,998 this year. Source: OSC report The negative sentiment of Canadians towards crypto currency was confirmed in the “Digital Canadian Dollar Public Consultation Report.” In addition, public consultations on the Central Bank of Canada’...

Coinbase has retracted its earlier statement that the US SEC had requested it to suspend all trading except for Bitcoin. Coinbase’s CEO Brian Armstrong previously said that the U.S. Securities and Exchange Commission had requested it to suspend all trading activities except for Bitcoin (BTC) in an interview with the Financial Times. The CEO’s announcement generated widespread discourse across various platforms, triggering crucial conversations about crypto regulation and its impacts on market dynamics. Armstrong expressed his concerns about the SEC’s actions, suggesting that it “could potentially stifle innovation and limit the freedom and growth of the burgeoning crypto industry.” You might also like: Court ruling fuels Coinbase’s regulatory quest against SEC Both the SEC and Coinbase went public later in the day to clarify previous statements. A Coinbase representative clarified to DL News that “prior to litigation, the SEC did not at any point r...