From FIRE To Bitcoin: One Canadian’s Journey To Bitcoin

A one-year retrospective from a Canadian Bitcoiner who lived through the Freedom Convoy in Ottawa and found a lifeline in the Bitcoin community.

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Bitcoin Crosses $44,000, New Wave or Spring 2018?

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Canadian Basketball League To Pay Players In Bitcoin

The Canadian Elite Basketball League will allow players to receive portions of their salaries in bitcoin, through a partnership with Bitbuy.

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Nasdaq-Listed Canadian Firm to Invest Over $1M in Bitcoin

Mogo, a Canadian fintech listed on the Nasdaq and Toronto stock exchanges, said it may make further bitcoin investments next year.

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Bitbuy and Cred Open Canadian Bitcoin Lending Platform

Canadian cryptocurrency trading platform Bitbuy has partnered with cryptocurrency lender Cred to offer users interest on their bitcoin holdings. The post Bitbuy and Cred Open Canadian Bitcoin Lending Platform appeared first on Bitcoin Magazine.

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Bitcoin Mining Firm Hut 8 Lays Off More Employees

Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly attempts to streamline its operationsRead MoreRead More.

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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.

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Canadian Town Pays Hackers Ransom in Bitcoin (BTC)

An amount in Bitcoin (BTC) is what the Canadian town of Midland is said to have paid to regain access to its hacked computer systems.

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Canadian Ghost Town Gambles on Bitcoin for a New Chance at Life

With a population of fewer than 100 people, the small Canadian mill town of Ocean Falls sits dormant in British Colombia. Some think the Bitcoin mining boom could help reverse their economic fortunes.

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Canada Delays Regulation of Cryptocurrencies and Blockchain Companies

The Canadian government has postponed the release of its final regulations for cryptocurrency and blockchain companies. The final published regulations were due this fall, but the government now says they won’t be published in the Canada Gazette until late 2019.

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Cryptocurrency Exchange Coinsquare Announces Its Plan to Conquer European Market

Canadian cryptocurrency exchange Coinsquare announced the next phase of its expansion plan: to become a global crypto exchange. Customers in the European market will have access to the platform’s entire suite of coins.

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William Mougayar Appointed to Kin Ecosystem Foundation Board

The Kin Ecosystem Foundation, a Canadian nonprofit organization designed to govern the cryptocurrency Kin, has recently announced the appointment of leading crypto expert William Mougayar to its board of directors.

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Canadian Crypto Exchange Coinsquare Expanding Into European Market

One of Canada’s largest cryptocurrency exchanges, Coinsquare, is expanding into the European market. This is the exchange’s first international expansion under its own brand. Its previous expansions were through partnerships with other companies.

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Markets Are Down, But Most Exchanges Are Doing Just Fine

As the old maxim asserts: those who made the most money in the gold rush were those who sold shovels. With our own digital gold rush in a downturn, however, the shovels aren’t selling so well, as mining companies themselves are struggling to move hardware because miners are struggling to turn a profit.

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Coinberry Traders Keep Control of Keys With BRD Crypto Wallet Integration

Cryptocurrency trading service Coinberry has partnered with BRD, a secure bitcoin wallet service, in a deal that promises to bring BRD's Canadian users onto Coinberry's no-fee trading platform.

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CoinGeek Mining: BCH ASICs About Principles, Not Profits

The CoinGeek mining pool claims it has no plans to use its dominant presence on the Bitcoin Cash (BCH) network for personal gain; following a partnership with the Canadian mining hardware developer, Squire.

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Playboy Sues Wallet Developer for Failing to Integrate Crypto Across Its Platforms

Playboy is reportedly suing a Canadian cryptocurrency firm for allegedly failing to integrate a “wallet that would support a range of cryptocurrencies across the company’s online media, digital and casual gaming businesses.

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New Player to Offer Next Generation ASIC Chips This Year

A new competitor is advancing on plans to enter the mining hardware market by the end of the year. Canadian company Squire Mining has raised almost $20 million to finance the design, development, and testing of a new ASIC chip and bitcoin mining rig.

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CoinGeek’s Calvin Ayre to Release New Bitcoin ASIC Miner and Talks BCH Protocol Changes

Calvin Ayre and CoinGeek Release Statement Claiming BCH is Bitcoin and Protocol Should Be Locked Canadian online gambling billionaire Calvin Ayre just released a statement on CoinGeek outlining the desired future direction of the bitcoin ecosystem.

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Canada’s Rivemont Crypto Fund Calls $6,000 BTC Price a “Crucial Level”

Canadian Cryptocurrency Organization Calls $6,000 a “Crucial Level” for BTC Cryptocurrency markets still remain in freefall. The steady race to the bottom started with the Bitcoin price crash three months ago, when the currency fell to a recent all-time low of around USD $6,000.

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$6,000 a Crucial Support Price for Bitcoin, Says Canadian Crypto Fund

A fund based entirely on cryptocurrencies in Canada said that $6,000 is a good support for Bitcoin in its latest update to investors.

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Crypto Startup Taps Larry King in Shared Effort to Combat Climate Change

In a message on GEAR Token’s website, iconic political talk show host Larry King says that global climate change is threatening humanity’s existence and is “a potentially catastrophic issue from the combustion of fossil fuels .

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IT Industry Leader Innosilicon Announces Partnership With Cloudminter

Bitcoin Press Release: Innosilicon, designer of the industry leading cryptocurrency mining ASIC products, today announced that it has partnered with the Canadian cloud corporation Cloudminter. In this strategic alliance,  The two companies will collaborate in the to development of a groundbreaking 300 MW mining facility in Eastern Canada, set to start operations in Q4 2018.

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Canadian Crypto Miner Tries New Approach to Cut Down Power Costs

With crypto prices still way below their December 2017 all-time highs, cryptocurrency miners are under increasing pressure to squeeze out profits from their operations by reducing expenses. Since the mining process is a very energy-intensive affair, one way of keeping mining costs down is by obtaining cheaper electricity.

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Mike Novogratz’s Crypto Bank Goes Live On Canadian Public Exchange

An early Bitcoin bull and former Wall Street trader, Mike Novogratz is bringing cryptocurrency to institutional investors. Following a crypto bear market, Novogratz’s merchant bank Galaxy Digital LP listed on Canadian stock exchanges today, August 1, 2018.

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Mike Novogratz Cryptocurrency Merchant Bank Finally Goes Live This Week

Serial investor and Bitcoin bull Mike Novogratz is days away from launching his own merchant bank Galaxy Digital LP, which begins trading on the Toronto Stock Exchange August 1. ‘We Want To Be Globally Traded’ After an eight-month period of haggling with regulators, the cryptocurrency-focussed project will go live under the GLXY ticker, with plans to extend far beyond the Canadian market.

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Canadian Bitcoin Miner DMG Installs 85MW Substation to Power Expansion

The new substation will power DMG’s crypto mining activities as well as its mining-as-a-service operation.

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$1.8 Million in Bitcoin Seized from Alleged Silk Road Drug Dealer

Once plagued by a black market stigma, cryptocurrencies have risen from public uncertainty to global proliferation. Arrested in 2015, an alleged Silk Road drug dealer is now fighting to reclaim his 226 BTC worth over $1.

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“Bitcoin Ca$h” Video Nets Lil Windex 1 Million Views

News Canadian rap artist Lil Windex has scored a legitimate, platinum hit with his track “Bitcoin Ca$h”. In only four months since its drop, the video has passed 1,000,000 views on Youtube alone – not counting downloads or streams.

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Canadian Cryptocurrency Miner to Install 85-Megawatt Power Substation

DMG Blockchain Solutions Inc. , a diversified blockchain company, is in the process of installing an 85-megawatt transformer and electric substation for the company's cryptocurrency mining facility, according to a company statement.

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BCH PLS: Lil Windex Earns 1 Million Views for “Bitcoin Ca$h” Video

Canadian rap artist Lil Windex has scored a legitimate, platinum hit with his track “Bitcoin Ca$h”. In only four months since its drop, the video has passed 1,000,000 views on Youtube alone – not counting downloads or streams.

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Bank of Canada’s Bitcoin Awareness Report Shows 58% of Owners Buy For Investment Reasons

Most Canadian Bitcoin Owners Use It For Investment Purposes Only A report by Bank of Canada (BoC) published on July 23rd shows that 58% of Canadians own Bitcoin for investment purposes. The top four reasons for Canadians owning Bitcoin, according to the study, were: purchasing it as an investment, friends owning Bitcoin, being interested in […]

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Canada’s banking insurer owns about 58% of Canadian citizenship for investment purposes

Canadian citizens used Bitcoin (BTC) mainly for investment purposes in 2017, according to a study by the Bank of Canada (BoC) published July 23. According to the survey results, Canadians have mainly used the major cryptocurrency for investment purposes in 2017, rather than for transactions, which previously had been cited as the main reason for

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Bitcoin Mining Firm Opens Massive Farm In Canada Despite Declining Prices

On July 16th, Hut 8, one of Canada‘s foremost Bitcoin mining firms, announced that the construction of its newest mining facility was complete. The press release issued by the company states that its new Bitcoin mining facility, located in the small Canadian city of Medicine Hat, has been recently completed, including the recent electrification of […] The post Bitcoin Mining Firm Opens Massive Farm In Canada Despite Declining Prices appeared first on Ethereum World News.

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Canadian Fund Hodls Mostly Cash rather than Bitcoin

Rivemont Investments’ Rivemont Crypto Fund only had nine percent of its assets in bitcoin as of July 13, 2018, with the rest, a whopping 91 percent, in Canadian dollars. For the record, the Rivemont Crypto Fund’s assets amount to C$3 million ($2.

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Canada’s Crypto Hedge Fund Rivemont Holds 90% of its Assets in Fiat Currencies

Cryptocurrency Hedge Fund Rivemont Is Holding 90% Of Its Assets In Fiat Currencies The Canadian cryptocurrency hedge fund Rivemont, is currently holding 91% of its $2. 3 million dollars of assets in fiat currency.

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Coinsmart Launches Cryptocurrency Exchange for Canadian Tax Payers

With the international regulatory drive to tackle tax evasion by cryptocurrency users, combined with a lack of clear guidance from authorities in many places, everyday people are concerned about handling reporting themselves.

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90% of Canadian Company Rivemont Crypto Fund’s Assets Held by Fiat

Canada-based Rivemont Crypto Fund, run by a portfolio management firm Rivemont Investments, holds around 91 percent of its $2. 3 million of assets in fiat currency, with only 9 percent in Bitcoin (BTC), Bloomberg reported July 17.

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Shark Tank’s Kevin O’Leary Sees Ethereum Beating Bitcoin and Gaining Dominance

Kevin O’Leary, a prominent Canadian entrepreneur, the co-founder of O’Leary Funds and SoftKey, and one of the stars of Shark Tank, has said in an interview with CNBC’s Fast Money that Ethereum has taken one step closer to become the next leader in crypto and blockchain, surpassing bitcoin.

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Shark Tank’s Kevin O’Leary Sees Ethereum Will Beat Bitcoin and Gain Dominance

Kevin O’Leary, a prominent Canadian entrepreneur, the co-founder of O’Leary Funds and SoftKey, and one of the stars of Shark Tank, has said in an interview with CNBC’s Fast Money that Ethereum has taken one step closer to become the next leader in crypto and blockchain, surpassing bitcoin.

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Canadian Crypto Exchange Coinsquare to Launch in Japan

Canadian cryptocurrency exchange Coinsquare has announced its plan to enter the Japanese market pending approval by the country’s financial regulator. The new exchange will be launched under the Dlta21x brand.

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HBUS Opens its Digital Currency Trading Platform to U.S. Customers Today

HBUS, a virtual currency marketplace and the U. S. strategic partner of Huobi, has begun accepting new registration from U. S. residents, starting today July 6, 2018.

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Canadian Crypto Owners Love It For The Technology, Not The Speculation

An official survey by the Ontario Securities Commission (OSC) has confirmed Canada’s technology city has a deep interest in the technology behind cryptocurrency, than its financial outcomes. The financial trading regulatory body in Ontario had asked over 2500 Ontarians to provide input on their interpretation of the popular virtual currencies such as bitcoin.

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Ontario Investors Cautious on Cryptos As Study Reveals Only 5% Currently Own Digital Currencies

With the currently depressed cryptocurrency market, most investors are a bit hesitant to enter the scene. This cautious stance likewise permeates the Canadian city of Ontario where a new study revealed that only five percent of its residents, currently, own digital currencies.

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Canadian Mining Firm Buys 0.5% of BTC Total Hashrate for $46m

A Canadian mining company has acquired 14,000 ASIC mining rigs, and 0. 5% of the total hashrate of the Bitcoin network, in a single purchase. Announced on Monday, Vogogo confirmed it had bought 14,000 Antminer S9s, complete with the required electrical equipment and cooling units, from a company called 828 LP.

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Canadian Securities Commission: Over Half a Million Ontarians Currently Holding Crypto

A study by the Ontario Securities Commission reveals that over half a million people, 5 percent of Ontario residents, currently own cryptocurrencies. The report also shows how they invest, how many owned crypto in the past but not anymore, and details of those investing in tokens.

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Billionaire Anthony Di Iorio Now Looking for Chinese Blockchain Startups

Early Bitcoin investor and co-founder of the Ethereum blockchain-based computing platform, Anthony Di Iorio, is eyeing two Chinese blockchain and cryptocurrency firms in his search for the next big thing in the industry.

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Quebec Hikes Electricity Price: Crypto Miners to Pay up to 3 Times Current Rate

The Canadian province of Quebec has reportedly decided to charge cryptocurrency miners up to roughly three times the current price after they flooded utility Hydro-Quebec with requests for mining operations.

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Canadian Accused of Assisting Ross Ulbricht Extradited to U.S.

A fifty-nine-year-old Canadian man accused of advising Ross Ulbricht, the creator and operator of the first anonymous free market, Silk Road, has been extradited to the United States from Thailand.

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