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Coinsquare and Bitbuy have apparently become two dominant crypto platforms in Canada, with over $1 billion in combined client cash and crypto under custody. In a press release on Dec. 6, 2023 WonderFi said its subsidiaries — Coinsquare and Bitbuy — experienced a combined 16% increase in November 2023 compared to October 2023. The both platforms have also recorded a 54% increase in total trading volume during November, compared to the “average monthly total trading volume in the third quarter,” the report says. Dean Skurka, President and Chief Executive Officer of WonderFi, says the firm is encouraged by “improving industry conditions” as the total number of clients’ assets under custody increased in November 2023 by more than $300 million compared to Q3, 2023. You might also like: KPMG Canada collaborates with Chainalysis to combat crypto frauds and exploits In January 2023, crypto .news reported that WonderFi had about 650,000 customers and...

Police in Canada have charged a 34-year-old man in connection with an hours-long home invasion robbery that saw thieves posing as police officers make off with CA$10 million ($7.3 million) in cryptocurrency. Following what they called a “lengthy and complex investigation,” authorities in Richmond, British Columbia charged Jin Da Xing with 11 offenses including breaking and entering, robbery with a weapon, unlawful confinement, assault with a weapon, use of an imitation firearm, extortion, possession of stolen property and impersonating a peace officer. During the attack, it’s alleged that Xing, along with his armed accomplices, broke into the home of a middle-aged couple, tied them up, and assaulted them for a number of hours. They eventually fled with the unspecified crypto and luxury goods. The victims were reportedly left “badly shaken up” but with no life-threatening injuries. According to court records, Xing was found guilty of fraud in 2013 and of possessing counterfeit mon...