No, it's not a mix of Latin and Greek, it's all Latin and if I remembet my Latin, arctos means, Northern or north lands. While it can also mean bear, that isn't the meaning for the usage in the scientific name.
Arctic is actually from the Greek word αρκτος, which means bear. They got the name from the constellations of the big bear and little bear (big dipper and little dipper are part of the constellations) which are above the arctic.
The arctic isn't a continent.
I for one welcome our ursine overlords
Aren't there bears in Antarctica though?
@YUNoJump, nope. And likewise there are no penguins in the artic.
@So Unfortunate, hmm learn something new every day
@So Unfortunate, I knew this but I can never remember which was which. Thanks to this I'll never forget.