Tag Archives: Canada

Canada Shuts Down Crypto Exchange. It Still Owes Customers $12 million

What has been a fairly bad few weeks for cryptocurrency exchanges, just got a little worse? A Vancouver-based crypto trading platform, Einstein Exchange, has been closed by Candian authorities; while still owing $16 million in outstanding obligations. Continue reading Canada Shuts Down Crypto Exchange. It Still Owes Customers $12 million

Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie,
has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining
projects. Continue reading Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

Major Bitcoin Mining Farm Goes Live in Canada

The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a Service (MaaS) operation will be using if generated purely from hydroelectricity. Besides installing a power substation purely for its needs, DMG has also had to build a road to the facility. Continue reading Major Bitcoin Mining Farm Goes Live in Canada

US and Canadian Securities Regulators Coordinate ICO Probe in ‘Operation Cryptosweep’

US and Canadian state and provincial securities regulators have opened probes into potentially fraudulent crypto investment programs in what has been dubbed “Operation Cryptosweep”, according to a press release May 21. The latest crackdown on suspicious crypto investment products is reportedly the largest such coordinated investigation by state and provincial officials. Continue reading US and Canadian Securities Regulators Coordinate ICO Probe in ‘Operation Cryptosweep’