Bitcoin News
By Julie Binoche
1 / 15
American Payrolls Miss Hard, Fed Faces Pressure. The Bureau of Labor Statistics put US payrolls at minus 23,000 for July.
2 / 15
Coinbase Canada's "Everything Exchange" and the Stablecoin Act. The labor story connects to something bigger happening in Canadian crypto regulation.
3 / 15
What the Divergence Means for Crypto Firms. US markets still carry deeper liquidity. That's not changing anytime soon, and Canadian crypto…
4 / 15
Canada's labor market just blew past every forecast. Statistics Canada said the country added 75,000 jobs in July — five times what economists had penciled in — while the US…
5 / 15
The numbers came in hard and fast. Economists had expected Canada to add roughly 15,000 jobs. The actual figure was 75,000.
6 / 15
The Bureau of Labor Statistics put US payrolls at minus 23,000 for July. Economists had been calling for gains somewhere between 80,000 and 90,000.
7 / 15
Canada's central bank faces a cleaner picture. A Bank of Canada rate hike before 2027 seems basically off the table at this point.
8 / 15
The labor story connects to something bigger happening in Canadian crypto regulation. Coinbase Canada CEO Eric Richmond laid out a vision in July for what he called an…
9 / 15
Those rules are coming. Canada's Stablecoin Act, part of Budget 2025's Bill C-15, will put Bank of Canada oversight on fiat-backed stablecoin issuers.
10 / 15
Related: Bitcoin Breaks $65,000 but $69,000 Wall Holds as Jobs Data Looms
11 / 15
Canada's been ahead on this stuff before. The Toronto Stock Exchange launched the world's first spot Bitcoin ETF back in 2021, well before US regulators came around to the idea.
12 / 15
Not everything is smooth, though. British Columbia moved to ban new grid connections for crypto mining operations.
13 / 15
Canadian unemployment at 6.4% is still above what most economists call full employment. That's worth keeping in mind.
14 / 15
Related: Bitcoin Hits $65,340 as Weak July Jobs Data Kills September Rate Hike Bets
15 / 15
The finance and professional services job gains are probably the most relevant data point for crypto specifically.
The Currency Analytics
Want the full story?