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The QuadrigaCX debacle that has gripped the crypto space so far this year has evidently not gone unnoticed by Canadian financial regulators. In a consultation paper, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) appealed for the input of various crypto market...
An unnamed Bitcoin ATM provider serving the Canadian market was scammed last year across a number of the nation’s cities. Police are now seeking information regarding four suspects believed to be involved in the fraud. The four men are believed to have taken around US$145,000 from the machines...
A Halifax court has granted an extension to QuadrigaCX’s creditor protection deadline. The story of the now-defunct crypto exchange that has most gripped the space so far in 2019 is therefore set to continue. According to court documents, QuadrigaCX’s CEO, Gerard Cotten, died with the only knowledge of...
It has become abundantly apparent that the Bitcoin crash-induced crypto winter hasn’t managed to seduce bears. The crash in the broader cryptocurrency market, which sent investors running en-masse, has resulted in a number of layoffs at this (not so) budding sector’s most preeminent firms. Coinsquare, a leading exchange...
Over the past 72 hours, bomb threats attempting to extort Bitcoin (BTC) from business owners and governmental agencies have taken the world by storm, affecting thousands across Canada, the U.S., and New Zealand. Although the threats have begun to recede from the limelight in the western world, the...
A Canadian luxury fine jewelry brand is now accepting Bitcoin as a means of payment at eight stores across the country. Birks Group partnered with BitPay to process all Bitcoin transactions made by customers. Canadian Luxury Jewelry Brand Partners With BitPay to Accept Bitcoin Leading the luxury jewelry...
VersaBank, formerly Pacific & Western Bank of Canada, announced one of its subsidiaries has completed beta testing for its digital safety deposit box and is now entering the commercialization phase, which will include the offering of digital safe keeping as well as multi signature services for cryptocurrency exchanges and crypto-based...
Capitalizing on Canada’s formal legalization of marijuana and weed-related products for recreational use, a fintech company situated in the US’ northern neighbor has revealed plans to track cannabis through a blockchain-based solution. “The Perfect Use For Blockchain Technology” On October 17th, Canada became the western world’s first country to...
Although Canada is widely regarded as a progressive nation when it comes to the acceptance of promising technologies and sectors, this forward-thinking hasn’t stopped local institutions from doing their utmost best to curb the growth and maturation of the Canadian crypto space via exchanges. QuadrigaCX Runs Into Banking...
The abandoned towns of rural Canada are continuing to prove an attractive place to set up new Bitcoin mining operations. The cold climate and abundant spare energy resources make them an ideal location for the power-intensive industry. Ocean Falls: A Ghost Town with a Bright Future? Ocean Falls...
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