QuadrigaCX’s Deceased CEO Personally Funded User Withdrawals In 2018

The exchange also lost its legal representation, but at least it seems like its late CEO was a nice guy. We almost went one whole week without a single QuadrigaCX development, but the Canadian cryptocurrency exchange has now added a few more folds to a story that has become a veritable cootie catcher. On March…

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Canada Revenue Agency (CRA) is Auditing Crypto Investors — Here's What You Need to Know

Canada’s tax agency, the Canada Revenue Agency (CRA), is examining individuals who have traded in cryptocurrency, and is looking to audit them, Forbes reports. The CRA has sent questionnaires to individuals to learn if citizens have a history of trading in cryptocurrencies, going as far back as 10 years. The questionnaire comprises of 54 questions…

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Court Approves QuadrigaCX’s Extended Stay Of Proceedings

You can’t always get what you want, but if you try sometimes, you just might find, you get 45 extra days and a new CRO. Troubled Canadian cryptocurrency exchange QuadrigaCX and its court-appointed monitor, Ernst & Young (EY), spent March 5 in court working out the details for an extended stay of proceedings and the…

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Canada sends out crypto questionnaire to find money laundering

Canada is starting to ask people about their crypto investments. Forbes reports the Canada Revenue Agency (CRA) is auditing cryptocurrency investors by sending them questionnaires. The 13-page questionnaire asks Canadians to describe their involvement in the crypto industry over a series of 54 questions. Many of the questions are specifically written to explore potential money…

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A Dead CEO, Lost Keys, and the Ire of Thousands of Canadians: Ernst & Young Has its Hands Full

Ernst & Young will be appointed by the Canadian Apex Court on February 5th to investigate the intrigue surrounding Canada’s QuadrigaCX crypto exchange. After months of withdrawal issue complaints, the CEO has reportedly died in India, taking the private keys to the exchange’s cold wallets with him to his grave. Also read: Grizzled – Welcome the…

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Canada’s Funding Competition Seeks Blockchain Applications In Agriculture And Agri-Food Sector

The Canadian government launched a new innovation funding competition to help create jobs and spur the growth of local companies. On behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development, Jean-Claude Poissant, Parliamentary Secretary to the Minister of Agriculture and Agri-Food, launched the new funding competition last week, through the Strategic…

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Bitcoin Bomb Scam Sweep Across U.S. And Canada

A number of bomb threats asking for bitcoin as ransom emails to several people in the United States on Thursday. However, counterterrorism officials now confirm that they were a hoax. There was an initial scare as the staff of hundreds of businesses, public offices and schools across the United States and Canada. They receive awkwardly…

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Heat Your Home or Business With a Mining Rig

Bitcoin mining uses a lot of energy to power the processors, which in turn generate a lot of heat. We also use a lot of energy to heat up our living and working environment. If only we could combine… oh, hang on. Heatmine The precise level of harm that bitcoin (BTC) 00 mining exacts on…

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Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts. DMG Blockchain Solutions initially revealed its plans to launch the station in July,…

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Bitcoin Mining Attack Causes University to Shut Down Network

St. Francis Xavier University in Nova Scotia was forced to shut down their entire network due to a Bitcoin mining attack. The focus on cryptocurrency mining is on large corporations that have entire farms devoted to digging for digital gold. Yet there is a good deal of profit to be made from illicit crypto mining…

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Bitcoin Is ‘Anything but Useful’ Says Ex-Federal Reserve Chair Janet Yellen

Bitcoin is “anything but” a useful store of value, former U.S. Federal Reserve chair Janet Yellen stated in a speech Monday, Canadian financial news outlet Kitco reported Oct. 29. Speaking during an interview at the 2018 Canada FinTech Forum in Montreal, Yellen – who rose to fame in the cryptocurrency community last year as the…

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Canada Border Services Test Blockchain Technology to Streamline Processes

The Canada Border Services Agency (CBSA) is the latest entity to partner with a blockchain-based platform in a bid to make its systems more efficient. Tracking goods is an intensive business, relying on many people and many documents. However, when you put these two components together in a high-stressed and fast-paced, human errors and misplaced…

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Bitcoin (BTC) ATM Operator not Liable for Stolen Money in a Scam, Says Canada’s Judge

BTC purchasers bear the responsibility themselves, justice Nancy Orr wrote in the verdict regarding a $48,000 Ponzi scheme. Canadian judge Nancy Orr has ruled that a woman who fell victim to a phone scam involving a Bitcoin (BTC) ATM was responsible for losing her money, not the ATM operator, local media reported on Friday. According…

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Scam Victim Loses Claim Against Canadian Bitcoin ATM Firm

A woman suing for 62,500 Canadian dollars ($48,125) sent to a phone scammer over a bitcoin ATM has lost her court case, local media reported. On Friday, Charlottetown Provincial Court chief judge Nancy Orr ruled that the fiat money deposited by the woman into the teller machine belonged to Instacoin ATM Canada Inc., owners of…

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Trump doesn't realize the impact trade war could have on his voters, asset manager warns

The prime victim of the sparring of tariffs between the U.S., China and others will be consumers, because prices will likely go up, an AllianceBernstein investment chief said. AllianceBernstein’s Phelps also implied that heightened protectionism could affect the long-term investment decisions of shareholders. The U.S. this week imposed a 10 percent levy on $200 billion…

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Canadian Town Pays Hackers Ransom in Bitcoin (BTC)

An amount in Bitcoin (BTC) is what the Canadian town of Midland is said to have paid to regain access to its hacked computer systems. The ransom that the Canadian town of Midland has paid to cyber criminals to have its servers unblocked was in the form of Bitcoin (BTC), media source Global News reported…

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Crypto Exchange Kraken Denies Rumors of Sudden Staff Layoffs in Canada

Crypto exchange Kraken, currently ranked 11th largest globally by daily trade volumes, has denied rumors that it is laying off staff in its unit in Halifax, Canada, Finance Magnates reports September 6. The denial comes after a post to a local discussion thread on reddit alleged that Kraken’s “unit 102 at 60 Highfield park drive”…

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IOTA Looks West, Seeks Business Development Manager for North America

Berlin-based IOTA is planning to expand to North America, according to a Twitter post published by the foundation’s head of business development. The job description involves being able to explain the fundamentals of IOTA’s network, the Tangle, “in order to trigger tangible cooperation.” The employee’s job will be to make partnerships with companies, represent IOTA,…

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Shares in Novogratz’s Crypto Bank Galaxy Digital Plunge 20% in Toronto Exchange Debut

Shares in Mike Novogratz’s crypto-focused merchant bank plunged 20 percent during their trading debut on a major Canadian stock exchange Wednesday, August 1, CNBC reported. After opening at $2.75 Canadian dollars ($2.11 USD) apiece for their first ever listing on Toronto’s TSX Venture Exchange, shares in Galaxy Digital LP fell 20 percent in the first…

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