Category: Canada

  • Wirex Introduces Iban for All European Crypto Card Accounts

    Wirex Introduces Iban for All European Crypto Card Accounts

    Cryptocurrency debit card provider Wirex has introduced Iban support for all EUR accounts in the past few weeks. Users in the European Economic Area (EEA) are now able to fund their accounts by bank transfer and receive euro payments. They can also have their salary deposited directly into their Wirex account.   Also read: Australian…

  • Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3

    Canadian Bitcoin Miner Fortress Blockchain Reports $1.16M Loss in Q3

    Fortress Blockchain’s net loss worsened to $1.16 million (1.55 million Canadian dollars) in the third quarter, from $202,000 in the preceding three-month period, as price pressure continues to mount in the global bitcoin mining industry. The Canadian company said depreciation of $291,600 and listing expenses of $293,700 wiped away mining earnings. Also read: Outrage Over Union Bank…

  • Fine Jewelry Dealer Birks Group Now Accepts Bitcoin

    Fine Jewelry Dealer Birks Group Now Accepts Bitcoin

    On Tuesday, Canadian company Birks Group, a fine jewelry operation since 1879, announced its plan to accept bitcoin for products and services at eight select locations. Birks Group and its retail stores will accept cryptocurrencies through a partnership with Bitpay. The collaboration marks the first major implementation of Bitpay’s point-of-sale solution for brick-and-mortar locations within…

  • Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

    Canadian Court to Take Custody of Quadrigacx Funds, NYDIG Gets Bitlicense

    In recent regulatory news, a Canadian court plans to take custody of $19.5 million of funds that Quadrigacx deposited with the Canadian Imperial Bank of Commerce before they were frozen due to competing ownership claims. Also, New York state regulators have granted the 14th Bitlicense to New York Digital Investment Group, and it has been…

  • Bitcoin ATMs Most Common Scam Payment Method in Australia

    Bitcoin ATMs Most Common Scam Payment Method in Australia

    The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax…

  • IMF: Central Banks Could Issue Digital Currency

    IMF: Central Banks Could Issue Digital Currency

    Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said central banks throughout the world should consider issuing digital currency to make transactions more secure. At a recent conference in Singapore, Lagarde argued that state-backed cryptocurrencies could satisfy public policy goals related to financial inclusion, consumer protection, privacy and fraud prevention. Also…

  • The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment

    The Daily: Coffee Company to Pay Farmers in Bitcoin, Bitfury’s Latest Investment

    In today’s edition of The Daily, we feature an upcoming bitcoin cash token backed by physical diamonds and an American coffee company that has decided to add cryptocurrencies to its payment options. Additionally, we look at a public mining company that may get a dual listing in Canada, as well as the latest investment by…

  • DMG Starts Operating 60MW Bitcoin Mine in British Columbia

    DMG Starts Operating 60MW Bitcoin Mine in British Columbia

    DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.  Also Read: Vietnam at Crossroads on…

  • Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million

    Canadian Bitcoin Miner Hut 8 Reports Q3 Loss of $8.7 Million

    Hut 8 Mining Corp., a Canadian bitcoin mining company, has released its third quarter earnings report, which shows a net loss of US $8.7 million on higher depreciation costs. Depreciation spiked to $13.3 million, wiping out mining profit which came to $6.7 million. Also Read: Trade.io Acquires Primus Capital Markets to Offer BTC-Backed Forex Trading  Revenue…

  • Canadian University Shuts Down Entire Network After Mining Attack

    Canadian University Shuts Down Entire Network After Mining Attack

    Last week St. Francis Xavier University in Nova Scotia, Canada reportedly shut down its entire computer network for four days due to an attempted mining attack. St. Francis Xavier, a Canadian university, shuts down its IT network to deal with a cryptocurrency mining malware infectionhttps://t.co/eS2a2mmQMc pic.twitter.com/UF8UyFoD8Z — Catalin Cimpanu (@campuscodi) November 7, 2018 https://platform.twitter.com/widgets.js Entire…