#Canada

Blocks Turning Orange Coins into Yellow Ones

Bank of Canada and Singapore Financial Watchdog Exchange Digital Currency on Blockchain

May 2, 2019 by Aisshwarya Tiwari at Adoption, Blockchain, Finance, News

Bloomberg reports on May 2, 2019, that the Bank of Canada and Monetary Authority of Singapore (MAS) have successfully sent each other digital currencies using blockchain technology. This marks the first instance of such a transaction between two central banks. A Big Milestone In a bid to leverage distributed ledger...

Canada: Quebec Allocates Additional Electricity Towards Local Blockchain Ecosystem

May 1, 2019 by Aisshwarya Tiwari at Blockchain, Mining, News, Tech

On April 29, 2019, Quebec’s energy regulator Regie de l’energie announced that it will move forward with the proposal to allocate an additional 300 MW block of electricity to the local blockchain ecosystem. With this, the Canadian province’s blockchain industry has a total of 668 MW of electricity at its...

Former Colleague of QuadrigaCX CEO Believes Customers Will Likely Not Recover their Funds

April 21, 2019 by Aisshwarya Tiwari at Exchange, Finance, News

According to Adam O’ Brien, a former colleague and friend of the late QuadrigaCX CEO Gerald Cotton, customers are unlikely to recover their funds locked inside the exchange’s cold-storage crypto wallets, reports Global News, April 19, 2019. Cotton Was “Kind of Worried” that Something Might Happen It could be safely...

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...

Maple Leaf next to a Golden Coin on a Tree Stump

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...

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