Archive | Canada

Canadian Researchers to Team Up With Indian Tech Industry to Explore Blockchain

Government-backed researchers in Canada are planning to unite with India’s technology industry association NASSCOM to research blockchain. Together, the two hope to create an global epicentre for studying the implications and applications of the innovative tech leading to increased “high-end technology capabilities.” Blockchain: Beyond Cryptocurrency The teaming up of Canada’s Blockchain Research Institute (BRI) and […]

Could the Small Industrial Towns of Canada Provide the Ideal Home for Crypto Miners?

Cryptocurrency mining is more competitive than ever. With enormous rig constructions consuming more energy than many of the nations of the world dominating the once cottage industry, cutting every possible cost is vital. For this reason, miners like cool climates where electricity is cheap. Endless rows of components brute forcing numerical combinations to release cryptocurrency […]

Coinsquare to Launch IPO on TSX — Hopes to Compete With Coinbase

This week the well known Canadian digital asset exchange, Coinsquare announced its plans to launch an initial public offering (IPO) hoping to raise $150 million CAD ($120Mn USD). Coinsquare hopes the funding will help the platform be a direct competitor with cryptocurrency brokerage services like Coinbase and other U.S. based exchanges. Also read: Russia Finalizes Federal Law […]

Employees of Canadian Bitcoin Company Kidnapped For Ransom, Freed

A Canadian peer-to-peer Bitcoin exchange has fallen victim to a failed heist attempt. The incident occurred at Canadian Bitcoins, a business located in the Nepean area of the city of Ottawa. According to reports in the Ottawa Sun, three armed suspects gained entry to the Concourse Gate property out of which the company works. Those […]

Canadian Central Bank Chief: Bitcoin is Gambling not Investing

The governor of the Bank of Canada thinks Bitcoin is nothing more or less than gambling. Stephen Poloz, 62, told CNBC he does not believe in the term cryptocurrencies, arguing that new payment technologies like Bitcoin are definitely “cryptos but not currencies.” He made further statements about how Bitcoin cannot be called either an asset […]