The biggest motivation for Canadians interested in Bitcoin is as an investment, according to over one-third of the 4,996 respondents in the Bank of Canadas 2022 survey. 1050 Total views 4 Total shares Listen to article 0:00 News Join us on social networksThe Bank of Canada (BoC) reported a decline in the ownership of Bitcoin (BTC) and cryptocurrencies in the country in 2022, as neither market conditions nor regulations sided in favor of Canadian crypto investors, according to a BoC study published on July 26.
The study includes data from the annual Bitcoin Omnibus Survey conducted by the Canadian central bank, which showed a relapse from the massive crypto adoption witnessed in 2021. Bitcoin awareness and ownership in Canada, 2016 to 2022. Source: Bank of Canada
The above graph shows that Bitcoin ownership in Canada declined to 9% by August 2022. However, BTC adoption saw a slight uptick to 10% by the end of the year, and the drop in Bitcoin ownership does not imply that investors were spreading out their investments into other cryptocurrencies. The report read:Investors did not appear to shift out of Bitcoin and into other cryptoassets, as we observe decreased ownership of altcoins.
The biggest motivation for Canadians interested in Bitcoin is as an investment, according to over one-third of the 4,996 respondents in the Bank of Canadas 2022 survey.Percentage of Canadians who own Bitcoin, 2016 to 2022. Source: Bank of Canada
Most Canadians acquired their crypto holdings through mobile and web apps. Bitcoin and crypto mining became the third-most-popular method of accumulating tokens for the second consecutive year.
When it comes to the altcoin ecosystem, Dogecoin (DOGE) was the most sought-after crypto investment considering the Elon Musk-induced hype and its history of randomly skyrocketing in price. Ether (ETH), Bitcoin Cash (BCH) and Litecoin (LTC) were some of the other popular altcoins among Canadians.
Related: Parliamentary report recommends Canada recognize, strategize about blockchain industry
According to the BoC, the research is relevant for monitoring the two conditions that could warrant the issuance of an in-house central bank digital currency (CBDC): if Canadians almost or do stop using cash, or if Canadians widely adoptand use private cryptocurrencies for payments.
Hey Canada, we need your input!
Our public consultation on a potential #DigitalCanadianDollar is now LIVE. #HaveYourSay by June 19: https://t.co/p8BdG3tQ9h pic.twitter.com/vKRoBfAngu Bank of Canada (@bankofcanada) May 8, 2023
The BoC highlighted that ecosystem collapses, regulatory hurdles and price depreciation contributed to the decline in crypto ownership. However, considering the governments intent to provide regulatory clarity combined with a stable market, crypto ownership in the region is expected to pick up.
Magazine: Deposit risk: What do crypto exchanges really do with your money? # Bitcoin # Canada # Adoption # Bank of Canada # Report # Survey
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Hartman had 48 hours from the league’s ruling Monday night to decide whether to appeal the ban for slamming an opponent’s head to the ice with his right forearm, the longest for on-ice conduct in more than six years.
The initial appeal goes to NHL commissioner Gary Bettman, who has regularly sided with the Department of Player Safety and disciplinary decisions made by its vice president, George Parros. If Bettman upholds the suspension, Hartman has the right to appeal to a neutral arbitrator.
Hartman is forfeiting $487,805 in salary as part of his fifth career suspension and fourth since 2023. He would get more than $48,000 back for each game it is reduced by, if at all.
Washington‘s Tom Wilson recouped six games worth of salary when his 2018 suspension was reduced from 20 to 14 on appeal to an arbitrator jointly appointed by the league and union, even though he had already served 16.
Hartman, 30, was initially ejected with a match penalty for roughing Ottawa‘s Tim Stutzle late in the second period of the teams’ game Saturday night.
“Hartman contends that he is attempting to use his hand to regain his balance, using Stutzle for support and that their fall to the ice is accidental. We disagree,” Player Safety said in a video announcing the suspension. “With Stutzle bent low and focused on winning the draw, Hartman chooses to take advantage of a vulnerable player in an unacceptable fashion. Hartman intentionally uses his forearm and body weight to drive Stutzle’s head directly into the ice from a height, which makes this play inherently dangerous and unacceptable.”
Grenfell Tower will be demolished, Angela Rayner has confirmed.
The demolition is expected to take “around two years” and be carried out “sensitively”, the government said.
The official announcement comes after the deputy prime minister met with campaigners to tell them of the decision on Wednesday evening – sparking an angry reaction.
Grenfell United has accused Ms Rayner of “ignoring” the voices of people who lost family in the fire in June 2017, which killed 72 people.
The disaster was Britain’s deadliest residential fire since the Second World War and began a national reckoning over the safety and conditions of social housing and tower blocks.
There have been discussions over the years about how best to commemorate the tragedy.
Engineering experts have said that while the tower remains stable, and it is safe for people to live, work and study nearby, its condition will worsen over time and there is no realistic prospect of bringing it back into use.
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Anger over Grenfell Tower plans
Why is Grenfell Tower being demolished?
In its announcement of the demolition, the government said Ms Rayner was told by engineers that the tower is “significantly damaged”.
While it “remains stable”, this is due to the supports put in place after the fire.
Engineers said it is also not “practicable” to keep many of the damaged storeys as part of a long-term memorial.
“Taking the engineering advice into account the deputy prime minister concluded that it would not be fair to keep some floors of the building that are significant to some families, whilst not being able to do so for others and knowing that, for some, this would be deeply upsetting,” the government said.
Image: Angela Rayner has confirmed that Grenfell Tower will be demolished. Pic: PA
How will the demolition take place?
The government says it wants to take the next steps “respectfully and carefully”, with continued support for the community around Grenfell.
It said no changes will take place before the eighth anniversary of the fire in June this year.
The next step is to find someone to carry out the demolition.
A “specialist contractor” will be found to come up with a “detailed plan” for taking down the tower.
The government estimates it will take around two years to “sensitively take down the tower through a process of careful and sensitive progressive deconstruction that happens behind the wrapping”.
Any leftover materials from the tower and its surrounding communal areas can be carefully removed and then returned as part of any memorial, if the community so chooses, according to the government.
Ahead of the decision being made publicly, Ms Rayner wrote to families, survivors and surrounding residents to tell them of the planned demolition.
The government says it has “prioritised” engaging with the community, and that Ms Rayner has been offering to speak with them and listen to their views for several months. The deputy prime minister also met with community groups, residents’ associations, schools and faith leaders.
These conversations have made it clear the tower “remains a sacred site” – however it is also clear “there is not a consensus about what should happen to it”.
The government said that for some the tower remains a “symbol of all they lost” and helps ensure “the tragedy is never forgotten and can act as a reminder of the need for justice and accountability”.
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The visibility of the tower also “helps some people continue to feel close to those they lost”.
But the announcement added that for some, the tower is a “painful reminder of what happened and is having a daily impact on some members of the community”.
It means services between Newton-le-Willows / Wigan North Western and ManchesterOxford Road / Manchester Victoria will be cancelled, revised or diverted.
TransPennine Express services are not running between Liverpool Lime Street and Manchester Victoria.
People going between those cities are advised to travel via Warrington Central instead.
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Northern trains are also affected between Liverpool and Manchester Airport, and Chester and Leeds to Manchester Victoria.
Transport for Wales routes from Chester / Llandudno to Manchester Airport / Manchester Oxford Road are impacted, as are Holyhead to Manchester Airport services.
Replacement buses are running in some areas and tickets are being accepted on other services.
A Network Rail spokesperson said engineers were “assessing the situation in order to repair the damaged cables as quickly as possible” but the line was likely to stay closed for most of the day.
They added: “We’re really sorry to any passengers affected by this incident and urge anyone planning to travel by train between Liverpool and Manchester to plan ahead and check with their train operator for the latest travel information.”