Smart cities promise new horizons, but there are privacy concerns. The promise is great for so-called smart cities, which will deploy a network of interactive sensors to achieve efficiency and innovation. The smart city vision includes driverless cars, renewable energy to aid a city’s power consumption, energy-efficient buildings, and communications systems that work with the location’s […]
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Canada’s major cryptocurrency exchange QuadrigaCX has been officially declared bankrupt. Canada’s major cryptocurrency exchange QuadrigaCX has been officially declared bankrupt, local media outlet CBC reported on April 8. Quadriga’s bankruptcy was reportedly approved today by Nova Scotia Supreme Court Justice Michael Wood, and follows the court monitor Ernst & Young’s (EY) recommendation that it should […]
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Canadian cryptocurrency exchange Coinsquare announced that it will be launching a Canadian dollar-back stablecoin. Coinsquare, one of Canada’s top crypto exchanges, will be launching a stablecoin backed by the Canadian dollar dubbed eCAD, according to a press release on April 4. The new coin will purportedly be backed at a 1:1 ratio with Canadian dollars. […]
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A case involving a drug dealer has concluded after he failed to convince a judge his Bitcoin earnings were legitimate. A Toronto judge has ruled an online drug dealer must pay his entire $1.4 million Bitcoin (BTC) holdings to the state in what is reportedly Canada’s largest ever forfeiture, local daily news outlet The Star […]
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Innisfil residents will be able to pay property taxes in Bitcoin through third-party service Coinberry Pay. The Ontario town of Innisfil, Canada, is now running a pilot program which will enable residents to pay property taxes with cryptocurrencies. The Innisfil Council voted to approve the program on March 27. Per the CBC, Innisfil, in partnership […]
Continue ReadingRegtech firm Coinfirm found that 69 percent out of 216 global crypto exchanges do not have “complete and transparent” KYC procedures. Only 14 percent of 216 global crypto exchanges were confirmed as being licensed by regulators, regulatory technology (regtech) startup Coinfirm found in its crypto exchange risk report released on March 27. Coinfirm, а London–based […]
Continue ReadingThe Premier of Bermuda, David Burt, has argued that QuadrigaCX would never have lost its crypto keys had it been registered in Bermuda. The Premier of Bermuda, David Burt, has argued that a QuadrigaCX-like situation could not have happened in Bermuda because of the country’s existing legislation in regard to cryptocurrencies. Burt made his statements […]
Continue ReadingThe QuadrigaCX story gets stranger as the criminal past of one founder is allegedly revealed, while IBM gets more into blockchain. Top Stories This Week Six Global Banks Sign Up to Issue Stablecoins on IBM’s Now-Live Blockchain Network This week, six international banks signed letters of intent to issue their own stablecoins — which will […]
Continue ReadingDigital privacy project Tor is now accepting donations in cryptocurrencies. Tor digital privacy software is now accepting donations in various cryptocurrencies, as a new crypto donational portal appeared on the project’s website on March 18. The site now accepts nine major cryptocurrencies, namely Bitcoin (BTC), Bitcoin Cash (BCH), Dash (DASH), Ethereum (ETH), Litecoin (LTC), Monero […]
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A number of banks revealed plans to issue their own tokens, following JPMorgan Chase’s move. This week, a number of banks shed light on their respective crypto-related projects, following the recent expansion of JPMorgan Chase into the field. IBM was the big mover. A joint announcement by IBM and Stellar (XMR) said that as many […]
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