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Bitcoin Miners Flock to Canadian Provinces with Low Cost Energy

Bitcoin Miners Flock to Canadian Provinces with Low Cost Energy

An article in Bitcoin Magazine is describing how several provincial governments in Canada are making attractive offers to Bitcoin miners, plying them with cheaper electricity thanks to the country’s cool climate and its abundance of hydroelectricity in return for economic gains. Across Alberta, British Columbia, Labrador, Manitoba and Quebec, Bitcoin miners are answering the call. According to a National Post …


Two Canadian Crypto Firm Owners Fight $30 Million Fraud Accusation

Two Vancouver cryptocurrency firms are fighting accusations of fraudulent activity to the tune of USD 30 million involving an initial coin offering. The two company owners, Lisa Angela Cheng and Kevin Patrick Hobbs, are to fight their cases in the British Columbian (BC) courts, after having denied any wrongdoing, claiming they have “never misappropriated funds.” The  B.C. Civil Forfeiture Office’s claim …


Canadian Town Approves Bitcoin Payment for Property Taxes

Canadian Town Approves Bitcoin Payment for Property Taxes

A Canadian town, Innisfil, has started accepting Bitcoin as a payment option for property taxes. In collaboration with Coinberry Limited, Innisfil is Canada’s first such town to adopt this project making it convenient for the locals to pay their taxes and thereby making a milestone decision in the nation’s adoption of digital assets. Although Bitcoin is the only crypto which …


Canadian Police Appeal to Public to Apprehend Bitcoin ATM Fraudsters

Canadian Police Appeal to Public to Apprehend Bitcoin ATM Fraudsters

The Toronto Police Service in Canada has announced that they are approaching the public for information on individuals allegedly involved in scandals related to Bitcoin ATMs (BTMs). Public assistance has been requested by the Calgary Police Service (CPS) Cybercrime Team to identify four culprits, allegedly involved in various fraudulent transactions made within Canada. The culprits targeted only one Canadian Bitcoin firm. In September 2018, …


Canada Revenue Agency’s Crypto Audit Raises Some Hackles

Canada’s tax department appears to be ramping up the pressure on cryptocurrency holders with its latest questionnaire to taxpayers. Canada Revenue Agency (CRA), the government body responsible for tax collection across the provinces has sent out a detailed questionnaire to those suspected of owning cryptocurrencies. The survey targets those who may not have revealed the total and circumstances of their …


North America: Crypto and Blockchain News Roundup 23rd February to 2nd March 2019

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. Canada Regulations Proposed After Quadriga CEO Reportedly Takes USD 140 Million to His Grave: Canadian public and regulators are calling for new regulations to be put in place after CEO …


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 …


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