Tag: Canadian

17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange

17,000 Quadrigacx Users Seek 7M from the Failed Canadian Crypto Exchange About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $ 307 million. According to a document released Tuesday by Ernst […]

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility

Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $ 9 million from $ 8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. […]

New Guidelines Subject Canadian Crypto Exchanges to Securities Laws

New Guidelines Subject Canadian Crypto Exchanges to Securities Laws Canadian regulators have issued new guidance determining when current securities legislation applies to operations conducted by cryptocurrency exchanges. According to the clarifications in the document, many domestic and foreign entities serving Canadian users, for example those that provide custodial services, will […]

Canadian Regulator Green-Lights Bitcoin Fund IPO

Canadian Regulator Green-Lights Bitcoin Fund IPO The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling. Also read: Bitcoin ATMs Installed at 5 […]

Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well

Canadian Company Commissions 3 Bitcoin Mining Units to Restart Oil Well A nascent industry utilizing flared gas to power bitcoin mining units has been developing over the past year or so, in symbiosis with the oil and gas industry in North America. Companies providing services in this promising niche continue […]

Canadian Regulator Seizes Troubled Crypto Exchange

Canadian Regulator Seizes Troubled Crypto Exchange The British Columbia Securities Commission has taken control of a cryptocurrency exchange which allegedly owes customers over $ 12 million. Einstein Exchange had planned to shut down amid complaints, lawsuits, and money laundering investigations. The Canadian regulator has also taken action against another crypto […]