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No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

No Money Left, QuadrigaCX Tells Creditors At Supreme Court Hearing

The Nova Scotia Supreme Court hearing has heard QuadrigaCX creditors pleas for reimbursement of funds following the death of the exchange’s founder, but the coffers are reportedly empty. The Halifax courtroom was told that the USD 70 million in cash and USD 190 million in Bitcoins and other digital assets could not be repaid to the 115,000 cryptocurrency traders owed …


Blockchain Association of Canada Merges with Chamber of Digital Commerce

Blockchain Association of Canada Merges with Chamber of Digital Commerce

The Chamber of Digital Commerce, Canada’s largest blockchain trade association, has decided to join hands with the Blockchain Association of Canada (BAC). The new organization will be named as the Chamber of Digital Commerce Canada. An official press release on the website of the Chamber of Digital Commerce confirmed the news of this partnership. Tanya Woods, executive director and policy …


Crypto Exchange QuadrigaCX Funds Trapped in Cold Wallet as Only Dead CEO Had Access

Crypto Exchange QuadrigaCX Funds Trapped in Cold Wallet as Only Dead CEO Had Access

Another colossal misfortune greets 115,000 crypto traders who had their funds trapped in the now insolvent crypto exchange QuadrigaCX as it has reported that it is unable to access about USD 190 million of funds stored in the cold storage as well as fiat drafts held in custody, according to a filing for bankruptcy with the Nova Scotia Supreme Court …


Canadian Banker’s Association: Outdated Methods Must Give Way to Digital ID

Canadian Banker's Association_ Outdated Methods Must Give Way to Digital ID

The Canadian Bankers Association (CBA) is driving banks to move towards what it calls a “federated model” of digital IDs replacing outmoded paper models throughout the country’s financial system. The new system suggested would link links federal and provincial systems and allow user identities to be authenticated electronically. Canada’s six largest banks have also been collaborating with SecureKey Technologies Inc …


Canada Debates Crypto Campaign Donations as Elections Loom

Canada Debates Crypto Campaign Donations as Elections Loom

With the Canadian General Election scheduled for later this year, Elections Canada, the body responsible for overseeing federal political fundraising, is polling the relevant parties on the question of whether campaign contributions could be allowed in Bitcoin or other cryptocurrencies. Elections Canada have posted online that “with interest in cryptocurrency on the rise, political entities have requested guidance on accepting …


North America: Crypto and Blockchain News Roundup 23-29 November 2018

North America

North America Welcome to another weekly blockchain news roundup from around the world. Here we present to you all the latest Bitcoin news, continent by continent and country by country. United States Federal Reserve Bank Blames Bitcoin Futures Markets for BTC Price Decline: The Federal Reserve has officially blamed the launch of Bitcoin Futures Market for the recent decline in …


North America: Crypto and Blockchain News Roundup 16-22 November 2018

North America

North America Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest Bitcoin news, continent by continent and country by country. USA Ponzi Scheme Figure Arrested and Extradited to the US: OneCoin’s public face Sebastian Greenwood has been arrested and extradited to the US after the company collapsed amid Ponzi scheme …


One of the Largest Cryptocurrency Mines in North America Begins Hashing

One Of The Largest Cryptocurrency Mines In North America Begins Hashing

After months of planning, DMG Blockchain Solutions has begun mining for cryptocurrency at one of the largest cryptocurrency mines in North America. The mine is in a 27,000 square foot building in British Colombia, Canada, and has begun operations with 60 MW of power, with plans to ramp up to 85 MW – all clean hydroelectric energy that is off-grid. This …


North America: Crypto and Blockchain News Roundup 2-8 Nov 2018

North America

North America Welcome to another weekly blockchain news roundup from around the world. Here, we present to you all the latest blockchain and cryptocurrency news, continent by continent and country by country. USA Politician Tries to set Record Straight on Cryptocurrency Donations: US politician Brian Forde has tried to clarify misconceptions against cryptocurrency campaign donations in the country including lack …


Canada Gets First Bitcoin-Backed Loan Service for Businesses, Consumers

Canada Gets First Bitcoin Loan Service For Businesses, Consumers

Ledn Inc has become the first company to offer Canadian dollar loans to businesses or individuals accepting Bitcoin as collateral. Founded by Bitcoin bull Mauricio Di Bartolomeo, Ledn is attempting to fill a gap in the market for Canadian citizens who need to borrow money but are unable to do so for whatever reason through the traditional banking sector. Bitcoin is a …


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