Category: Canada

Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades Initiated

Local.Bitcoin.com Gathers 56K Accounts and $200M Worth of Trades InitiatedThree months ago, Bitcoin.com launched its over-the-counter BCH marketplace on June 4. Since then, Local.Bitcoin.com has aggregated more than 56,000 accounts, hundreds of bustling users every day and thousands of BCH trade offers. Also Read: Plans to Build $50M Bitcoin Cash Tech Park Revealed 56,000 Local.Bitcoin.com Accounts and Growing Over the last few months, the […]

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Central Banks Worldwide Testing Their Own Digital Currencies

Central Banks Worldwide Testing Their Own Digital CurrenciesCentral banks worldwide are examining the possibility of issuing a central bank digital currency (CBDC), with some already testing theirs for different uses. Countries that have advanced their digital currency projects include China, Singapore, Canada, the Bahamas, Thailand, Uruguay, and Sweden. India has also included the digital rupee in the country’s draft cryptocurrency bill. Also […]

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More Cities and Regions Accepting Coins for Taxes, Services

More Cities and Regions Accepting Coins for Taxes, ServicesCryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and the lives of ordinary people much easier. More […]

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Burning Wasted Gas to Mine Bitcoin Promises to Become a Booming BusinessNatural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing […]

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US City Plans SLP Token and Canadian Platform Adds BCH in the Bitcoin.com Weekly Video

An American city is planning to launch its own SLP token and a Canadian trading platform adds support for BCH pairs. Watch these and other developments discussed in this week’s video update on Bitcoin.com’s Youtube channel. Also Read: Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange American City Plans to Create Local SLP Token […]

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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide

Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders WorldwideSix days ago news.Bitcoin.com announced the launch of Local.Bitcoin.com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide. Also read: G20 Starts Crypto Discussions – A Look at […]

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Québec Allocates 300 MW Energy Quota for Crypto Mining

Québec Allocates 300 MW Energy Quota for Crypto MiningQuébec, the resource-rich Canadian province, has made up its mind about cryptocurrency mining. Régie de l’énergie, the region’s energy regulator, has rendered its decision on the blockchain sector and lifted the moratorium on electricity supplies. An additional 300 MW of energy will be allocated to power the minting of digital coins, a move that local […]

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Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

CBDCs Take on Major Importance at IMF Spring MeetingsCentral bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There […]

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How a Large Cryptocurrency Mining Operation Is Handling the Current Market

How a Big Cryptocurrency Mining Operation Handles the Current MarketCryptocurrency miners of all sizes have been suffering from the bear market that has heavily depressed prices, causing some to abandon the field as their proceeds were no longer covering expenses. However, for others this period has formed a time to grow while their competitors are struggling. To find out how one operation is handling […]

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Quadrigacx Co-Founder Michael Patryn Is Actually Convicted Fraudster Omar Dhanani

Quadrigacx Co-Founder Michael Patryn Is Actually Convicted Fraudster Named Omar DhananiQuadrigacx co-founder Michael Patryn is actually a convicted criminal who went by the name Omar Dhanani, a Bloomberg report alleges. Dhanani has been previously convicted of identity theft linked to bank and credit card fraud and sentenced to 18 months in a U.S. federal prison. He was later deported to Canada. Also read: Spain’s 2gether […]

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Canadian Capital Market Regulators Mull New Cryptocurrency Rules

Canadian Capital Markets Regulators Mull New Cryptocurrency RulesCapital market regulators in Canada are planning to establish new rules to curb the risks associated with cryptocurrency trading platforms. This follows the sudden death of Gerald Cotten, founder and chief executive officer of crypto exchange Quadrigacx, which led to about $145 million in frozen or missing cryptocurrencies. Also read: Bitcoin Exchange Gatecoin Shuts Down […]

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Canada Tax Agency Poses Probing Questions to Cryptocurrency Owners

Canada’s Tax Agency Poses Probing Questions to Cryptocurrency OwnersThe Canada Revenue Agency (CRA) has sent an extremely detailed questionnaire to citizens it believes to be in possession of cryptocurrency. Those suspected of failing to disclose the full extent of their holdings have been asked whether they use a cryptocurrency mixing service, and if so, why. They’ve also been asked to provide the full […]

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Judge Appoints 2 Law Firms to Represent Quadrigacx Clients

Judge Appoints 2 Law Firms to Represent Quadrigacx ClientsTwo law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can. The digital asset trading platform owes them approximately $190 million. Also read: Hacked NZ Exchange […]

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In the Daily: Liberstad Coin, Mining Contracts, Luxembourg Law

In the Daily: Liberstad Coin, Mining Contracts, Luxembourg LawIn this edition of The Daily, we look at Liberstad’s progress toward building a libertarian community in Norway. The city has just issued its own digital coin. Also, crypto mining contracts have been classified as securities in the Canadian province of Quebec. And in Europe, Luxembourg has adopted a law that protects crypto traders and […]

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Crypto Broker Voyager Digital Lists on Canada’s TSX Venture Exchange

Crypto Broker Voyager Digital Lists on Canada's TSX Venture ExchangeCanadian crypto asset broker Voyager Digital Ltd has started trading its shares on the Toronto Ventures Exchange (TSX.V). The company listed through a reverse takeover of mineral exploration company UC Resources. Voyager argues that going public will help to improve transparency in the crypto market while promoting adoption by allowing traditional investors to tap into […]

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Quadrigacx Saga: Founder’s Widow Owns $5.6m Properties, Hospital Confirms Cotten’s Death

Quadrigacx Saga: Founder's Widow Owns $5.6m Properties, Hospital Confirms Cotten's DeathTroubled Canadian cryptocurrency exchange Quadrigacx may be newly armed with a 30-day stay from creditors, following the Feb. 5 bankruptcy hearing, but its late CEO’s widow, Jennifer Robertson, is on shifting ground as her affidavit is being picked apart by customers, experts and conspiracy theorists. Also read: Report Claims Quadrigacx Never Held More Than 1,000BTC Cotten’s […]

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Bitcoin Cash Clothing Charity Expands to a Dozen Cities Across Canada

Coins 4 Clothes, a cryptocurrency charity that rewards people with bitcoin cash (BCH) for donating gently used items of clothing, has announced the expansion of the organization to a dozen cities across Canada, exactly a year after it was first launched. Also Read: The Daily: Twitter CEO Talks Bitcoin, Bitstamp Releases New Mobile App Helping […]

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Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency

Canadian Crypto Exchange Files for Bankruptcy After CEO Dies With Wallet KeysDeath is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of […]

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The Daily: Bitcoin Carnivory, Dapps & DEXs, Quadrigacx Claims Insolvency

The Daily curates stories from the eclectic and often bizarre world of Bitcoin. Today’s roundup demonstrates just how varied that world can be, taking in Bitcoin carnivory, decentralized apps, and a new price comparison tool for token traders. We begin in Canada though, with confirmation that Quadrigacx exchange has bitten the dust. Also read: Coincheck Registers […]

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Jamaica Stock Exchange Plans to List Security Tokens

Jamaica Stock Exchange Plans to List Security TokensThe Jamaica Stock Exchange (JSE) is to list security tokens as tradable assets after completing a 60-day live trading pilot with Canadian blockchain company Blockstation. The JSE joins a growing list of stock exchanges in parts of the world that have started to offer similar services, including trade of common cryptocurrencies like bitcoin core. Also […]

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Canadian Electoral Agency Clarifies Cryptocurrency Donations for Political Use

Canada Elections Agency Clarifies Cryptocurrency Donations for Political UseCanada’s electoral body has started consultations on how political parties should handle cryptocurrency donations ahead of general elections slated for October. Political parties have requested guidance from Elections Canada (EC) on accepting contributions and conducting other transactions in bitcoin. EC has now released a draft note that broadly takes the position that cryptocurrency donations are […]

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Canada Encourages Cannabis Sector to Transact Discreetly

Canada Encourages Cannabis Sector to Transact DiscreetlyThe Office of the Privacy Commissioner of Canada has published a document advising Canadian citizens to use cash to conduct transactions pertaining to cannabis in order to protect personal information. In response to the guidance, Etoro market analyst Mati Greenspan has predicted the liberalization of Canada’s cannabis sector will bolster local privacy coin adoption. Also […]

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Canadian Crypto Exchange Coinsquare Now in 25 European Countries

Canadian Cryptocurrency Exchange Coinsquare Now in 25 European CountriesOne of Canada’s largest cryptocurrency exchanges, Coinsquare, has officially launched in 25 European countries. A Coinsquare spokesperson has shared some details with news.Bitcoin.com. Users in Europe now have access to all major services the exchange offers, including all supported cryptocurrencies. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Coinsquare in 25 […]

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Shakepay App Turns Spare Change Into Fractions of BTC

Shakepay App Turns Spare Change Into Fractions of BTCCanadians can now gradually accumulate small fractions of BTC by rounding up their everyday debit card purchases with a mobile application called Shakepay. The company launched in 2015 operates multiple cryptocurrency services and its new Shakepay Change element aims to provide individuals with a frictionless way to buy BTC in Canada. Also read: The Digital Revolution […]

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