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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus t..

Another Canadian Town to Accept Bitcoin Payments For Property Taxes

Bitcoin takes another step toward mass adoption as a Toronto suburb favorably votes to accept Bitcoin for property tax payments. Cash, Credit or BTC? Canadians living in the Toronto suburb of the City of Richmond Hill can now pay their property taxes in Bitcoin thanks to a partnership between the ..

Bitcoin Now Accepted For Property Taxes in a Canadian City

Property Taxes in Bitcoin? As much as some like to sugarcoat it, Bitcoin and other cryptocurrencies have seen minimal adoption. Use cases are limited, brick and mortar that accept digital assets are few and far between, and the public’s interest in this ecosystem is lackluster at best. Enter the s..

Venezuelan Investors File Lawsuit With US Court in Connection With $30M Crypto Fraud

News A group of Venezuelans has filed a lawsuit with a Florida Federal Court in connection with a Ponzi scheme involving $30 million in cryptocurrency promoted by Canadian investment radio host Harold Seigel. Payment and commerce news outlet Pymnts.com reported today, July 16, that seven Venezuela..

Canadian Town Says Yes to Accepting Bitcoin for Property Taxes

News Canadian crypto solutions provider and trading platform operator Coinberry has struck its second municipal partnership to provide Bitcoin payments processing for property taxes. A press release published on July 15 revealed that Coinberry has begun negotiations with the City of Richmond Hill..

Canadian Securities Regulators Include DLT in 2019–2020 Business Plan

News The Canadian Securities Administrators (CSA) are focusing on understanding and regulating distributed ledger technology (DLT) and its related components. The Canadian securities regulatory agency included a section on DLT and crypto assets in its Business Plan 2019–2022 that was published on ..

Bitcoin Mining May Prove Useful for Gas Well Owners

Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mi..

Canada: Crypto Exchanges Must Register With Financial Watchdog Next June

News Cryptocurrency exchanges in Canada will be legally required to register with the Financial Transactions and Reports Analysis Centre of Canada (FinTRAC) as of June 1, 2020, according to a notice published on July 10. This requirement will come into effect along with other amendments to Canada’..

QuadrigaCX Co-Founder Used User Deposits for His Own Trading, Created Fake Accounts

News The deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX was allegedly transferring user funds off the exchange and using them as a security for his own margin trading on other platforms. The news was revealed in the fifth report from court monitor Ernst & Young (EY), filed o..

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