What caused Canada to yield CBDC possibility
For a while, Canada was one of the many countries on edge about going crypto. Last month in a Reuters interview, Bank of Canada Governor Tiff Macklem had made a Central Bank Digital Currency (CBDC) a possible plan B as he did not believe it was an urgent need. What kept Mr. Macklem on edge […]
Canada to get Crypto.com’s successful new Visa Card
Crypto.com’s popular new Visa Card will be made available to users in Canada. The Visa Card has already seen success in Singapore, Europe and the United States. CEO of Crypto.com Kris Marszalek says Canada has shown enthusiasm for cryptocurrency. Crypto.com’s popular new Visa Card will be made available to users in Canada. Cryptocurrency exchange Crypto.com […]
Ethereum mining firm reaches best-quarter recorded
Ethereum mining firm reaches best-quarter recorded thanks to DeFi During the summer this year, there was an exponential increase in the public interest, fees, and volume use on Ethereum. At the end of the second fiscal quarter ending Sept. 30, Toronto-based Hive Blockchain reported in their, unaudited figures, a mining a total of 32,000 ether […]
Virtual voting: Canadian students build blockchain protocol
A group of students from Lethbridge University, Canada has embarked on a quest to build a blockchain protocol which would improve virtual voting and interaction with the government. According to the students, the main aim of the protocol is to enable broad participation in virtual voting across the country while bringing the benefits of online […]
Wealthsimple: Canada’s first regulated exchange goes live
Canada welcomes its first cryptocurrency exchange Wealthsimple following regulatory approval by the Canadian Securities Administrators (CSA) . The exchange is powered by the Winklevoss twins’ Gemini Trust Company and has been regulated by the federal government as well as regulators in 13 provinces and territories in Canada. Wealthsimple exchange launch Investment firm Wealthsimple announced on […]
Operation DisrupTor: US authorities seize $1 million from darknet criminals
The United States Department of Justice announced the seizure of $1.6 million in cryptocurrencies under ‘Operation DisrupTor.’ Furthermore, law agencies, both in the US and Europe, have arrested 179 people that are allegedly involved with the Darknet drug dealing community. Operation DisrupTor Operation DisrupTor was a coordinated effort to disrupt opioid trafficking on the Darknet […]
Police caution residents against rising crypto crimes in Regina
Amid the rising crypto crimes in Regina, the local police have issued a warning to the citizens not to fall prey to scammers. A police poster in Regina warns against sharing personal financial details with unknown persons over the internet. The poster strictly warns against fraudulent Bitcoin schemes. After a surge in crypto crimes in […]
Canada crypto firm, Coinsquare executives to step down over wash trading allegations
Following allegations that Canada crypto firm Coinsqaure engages in wash trading, manipulation, and mislead clients about trading volumes, executives of the firm are set to resign. The Canada crypto firm agreed to settle with the Ontario Security Commission (OSC) as co-founders Cole Diamond (CEO), and Virgile Rostand (President) would step down from the firm and […]
Canada crypto exchange firm, Coinsquare accused of wash trading by regulators
Ontario Securities Commission (OSC) has alleged Canada crypto exchange firm, Coinsquare of market manipulations, and misleading clients about its trading volumes. The firm which before now has been accused of wash trading and a hack is said to have gone against Ontario security laws. Coinsquare founder, Virgile Rostand, CEO Cole Diamond and chief compliance officer […]
Canada Bitcoin thieves impersonate police to operate
Authorities are currently investigating Canada Bitcoin thieves who succeeded in scamming two unsuspecting victims of over $15,430 in Strathcona County RCMP (Royal Canadian Mounted Police). Reportedly, the Canada Bitcoin thieves who robbed two different victims both got in touch with their victim via a phone call impersonating police officers. One of the victims claimed the […]
Central Bank of Canada CBDC underway as institution advertises for project Manager
A Central Bank of Canada CBDC appears to be underway if a job positing for a CBDC project manager is anything to write home about. The financial institution has been working behind the scenes to develop its native central bank digital currency (CBDC). After a job posting for the position of the projects’ manager on […]
Canada crypto community gets boost as skeptic Poloz exits
In what can be classed as a way forward, the Canada crypto community has gotten a boost after the country’s finance minister, Bill Morneau, appointed a new Bank of Canada governor. Tiff Macklem, the new governor, is to replace Stephen Poloz, who is known to be Bitcoin skeptic after calling the crypto trading a form […]
Cryptocurrency payments firm NatCents reveals crypto credit card
An emerging cryptocurrency payments technology provider NetCents Technology Inc, based in Canada, has successfully completed the integration of a NatCents crypto credit card, the company announced it on 20th March 2020. NetCents Technology Inc is an innovation hub for all cryptocurrency payments technology solutions. It enables futuristic businesses with a technology that seamlessly facilitates cryptocurrency […]
