Coinsquare admits to wash trading, executives to step down
CEO Cole Diamond, founder and President Virgile Rostand, and CCO Felix Mazer are accused of intentionally manipulating markets.
The Latest Canada News
BTC scammers impersonating police find new victims in Canada
A BTC scam in Canada has continued to expand across the country and has now hit British Columbia. The scammers impersonate the police and demand for BTC.
Canadian regulator charges PlexCoin operators with 7 offences
The Quebec financial industry watchdog has brought fresh charges against the operators of PlexCoin, just months after the SEC forced it into a $7m payment.
BTC scammers impersonate police in Canada
Scammers in Canada have been contacting residents and demanding for BTC, impersonating police and tax officers. Two victims lost $15,460 to the scammers
Bank of Canada reveals CBDC plans with new job posting
The Bank of Canada has put up a job posting for a project manager for its CBDC project. The posting revealed more details about the regulator’s CBDC plans.
QuadrigaCX fraud not CEO’s death led to loss of $169M in user funds
The digital currency exchange’s downfall ‘resulted from fraud’ committed by CEO Gerald Cotton, according to Ontario regulator.
Canada law recognizes digital currency firms as money services
On June 1, the amendments made to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act were made effective.
HyperBlock shutting down amid poor BTC market
Toronto-based HyperBlock Inc. declared that its 20-megawatt data center near Missoula is offline, and all block reward mining operations have ceased.
17,000 QuadrigaCX users have filed claims, but it could take years
According to EY, close to 17,000 people have filed claims for refunds from QuadrigaCX. However, with the Canadian taxman in the mix, refunds could take years.
Hut 8 reports increased revenue in 2019
The surge in earning results are primarily because of two major operational expansions that increased petahash capacity by 19.6%.
Canada exploring blockchain for renewable energy management
Conservation authorities in Ontario, Canada are working on a blockchain platform to manage renewable energy at a time when global warming is a grave concern.
HIVE Blockchain acquires Quebec facility for $2.8M
HIVE Blockchain Technologies has acquired a digital currency mining facility based in Quebec, Canada for $2.8 million in stocks and cash from Cryptologic Corp.