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Coinsquare Launches Canada’s First CAD-Pegged Stablecoin

April 5, 2019 by Ogwu Osaemezu Emmanuel at Adoption, Altcoins, Blockchain, Finance, News, Stablecoins

Coinsquare, Canada’s seminal cryptocurrency exchange has announced the launch of eCAD, the first stablecoin backed by the Canadian dollar. The firm strongly believes the non-volatile cryptoasset will foster mass adoption of blockchain-based digital assets in the region, according to a press release on April 4, 2019. Coinsquare’s eCAD to Foster...

Canada: Property Tax Payable with Bitcoin in Ontario Town

March 29, 2019 by Aisshwarya Tiwari at Adoption, Bitcoin, News

Innisfil, a town in Ontario, Canada, is ready to embrace digital currencies after its council voted in favor of a one-year cryptocurrency pilot project which will enable people to pay property taxes with bitcoin (BTC), reports CBC, March 28, 2019. Pay Property Tax with Bitcoin Cryptocurrencies continue to gain ground...

QuadrigaCX Exit CEO Suitcase Blue Brown Door

Former QuadrigaCX Regulatory Attorney Blames Deceased CEO for the Exchange’s Downfall

March 29, 2019 by Aisshwarya Tiwari at Business, Development, Exchange, News

In a new twist to the controversial QuadrigaCX fiasco, the now-defunct cryptocurrency exchange’s former regulatory attorney Christine Duhaime says that the late CEO Gerald Cotten’s decision to rid the firm of “law and order folks” is what led to its dramatic decline, reports Bloomberg, March 27, 2019. Late CEO's Desires...

From Fraud to Fintech: QuadrigaCX Twists Continue as it Emerges Co-Founder Is Convicted Fraudster

March 21, 2019 by Tom Nyarunda at Bitcoin, Crime, Development, Exchange, News

Michael Patryn, the co-founder of the controversial QuadrigaCX, has already been convicted and spent 18 months in a U.S. Federal prison for identity theft linked to credit card and bank fraud. He "underwent a remarkable transformation," and changed his identity before entering the world of cryptocurrency. Changed his Name...

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Canadian Capital Markets Regulators Mull over Cryptocurrency Regulations

March 16, 2019 by Tom Nyarunda at Business, Exchange, Finance, News, Regulation

Canadian financial regulators have plans to establish new rules to curb risks associated with cryptocurrency exchanges. The agency is considering preparing a set of tailored regulatory requirements that will address the risks and features of the platforms. Don’t Fit the Existing Regulatory Environment The regulators represented by the Canadian Securities...

Wanted Poster Four Members Hackers Bitcoin Fraud

$200k Bitcoin Fraud: Four Suspects Sought by Calgary Police

March 13, 2019 by Osato Avan-Nomayo at Bitcoin, Crime, Hardware, News

Canadian police are on the hunt for four individuals, suspected of a defrauding a local bitcoin company via "double spend" attacks on Bitcoin ATMs. CBC News reported March 12, 2019, that law enforcement officials are asking for useful information from the public leading to the arrest of the suspects. Details...

Man Handing over Bitcoin Wallet Wrapped in Plastic Bag

Canadian Authorities Seize Alleged Drug Dealer’s Bitcoin Holdings

February 19, 2019 by Alex Lielacher at Bitcoin, Crime, News

Canadian authorities have reportedly seized 288 BTC from a suspected drug dealer. Matthew Phan, a university dropout, is lobbying for access to at least half of his bitcoin holdings, claiming that not all of the seized bitcoin was used in illegal activities. This is the first instance where authorities have...

Fresh Humiliation for QuadrigaCX: Over $400,000 in Bitcoin “Inadvertently Sent” to Dead CEO’s Wallet

February 14, 2019 by Tom Nyarunda at Bitcoin, Business, Exchange, Finance, News

The conspiracy theory surrounding QuadrigaCX began with the December 9, 2018, death of the exchange’s CEO. Chief Executive Officer (CEO), Gerald Cotton, took the only private keys to the grave, depriving users of $190 million in frozen funds. Since then, an additional $468,675 in bitcoin was accidentally transferred to the...

Coinsquare Announces Major Layoff, More Than 40 People Affected

February 7, 2019 by Priyeshu Garg at News

On February 2, 2018, Coinsquare Head of Talent Martin Hauck posted a message on LinkedIn, explaining that the company had to let go approximately 40 of its’ employees due to difficulties the company faced in recent months. The Canadian cryptocurrency exchange was forced to lay off the employees because it has...

QuadrigaCX: The Strangest Story in the Cryptoverse

February 7, 2019 by Tokoni Uti at News

QuadrigaCX was granted creditor Protection from a court on February 5, 2019, after claiming that customer funds are trapped in a cold wallet only their late CEO had access to in what may be one of crypto’s most bizarre stories. Unfolding Story One of the biggest stories in the cryptoverse...

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Blockchain Association of Canada Merges with Chamber of Digital Commerce

February 6, 2019 by Tokoni Uti at Blockchain, Business, News, Regulation

The Blockchain Association of Canada announced on February 5, 2019, that they have merged with the Chamber of Digital Commerce Canada. Stronger Together Across the world various blockchain advocacy entities such as Blockchain for Europe have been formed to bring some order to the industry and encourage collaboration. Most recently,...

Kik Looks to Challenge SEC over ICO Securities Debacle

January 28, 2019 by Aisshwarya Tiwari at Business, News, Regulation

According to a report by The Wall Street Journal published on January 27, 2019, Canadian social-media giant Kik Interactive Inc. is contemplating locking horns with the US Securities and Exchange Commission (SEC) over the latter’s diktat on the legal status of tokens issued throug initial coin offerings (ICOs). Highly Anticipated...

Canadian Bankers Association Wants Blockchain-Powered Digital Identification Systems

January 18, 2019 by Alex Lielacher at Blockchain, Development, Finance, News, Regulation

The Canadian Bankers Association stated that Canada should create a digital identification system that utilizes technologies such as blockchain and biometrics to enable a live video ID verification process. Blockchain-Powered Digital ID for Banking The CBA’s CEO, Neil Parmenter, believes that to unlock the full potential of the digital banking...

Blockstream Launches Beta Version of its Lightning Network-Powered Satellite API

January 17, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Development, News, Tech

Blockstream, a distributed ledger technology (DLT) company headquartered in Canada, has announced the launch of its Lightning-powered Satellite API Beta Beta, which is aimed at making it possible for anyone across the world to broadcast data via its satellite network in real-time, according to a press release on January 16,...

Canadian Electoral Body Is Looking into Cryptocurrency Donations

January 14, 2019 by Tokoni Uti at Altcoins, Bitcoin, Development, Finance, News, Regulation

On January 9, 2019, it was reported that the Canadian Electoral Body, Elections Canada, has published a draft document detailing the procedure for the acceptance of cryptocurrency donations as well as seeking the input of various parties regarding the handling such donations. One of the trickiest aspects of cryptocurrency and...

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