Canada

Bitcoin Magazine’s Week in Review for week of July 20th, 2019

Newton CEO Dustin Walper thinks that bitcoin mass adoption will only come when trading is made easier and cheaper.

Canadian citizens in the city of Richmond Hill will soon be able to make municipal tax payments in bitcoin.

Bitcoin Magazine’s Week in Review for week of July 13th, 2019

Canada has introduced AML regulations in response to concerns about money laundering and terrorist financing.

The latest monitor report on defunct crypto exchange QuadrigaCX revealed that its CEO misused customer funds.

According to CoinShares’ latest biannual mining report, the vast majority of bitcoin mining power comes from renewable energy sources.

Bitcoin business leaders in Canada have pushed back against the Canadian Securities Administrators' “Proposed Framework for Crypto-Asset Trading Platforms,” which could impose a security law framework on cryptocurrency exchanges.

“Last year was not profitable for many miners,” said Hut 8 CEO Andrew Kiguel. “[But] we believe that bitcoin is the future of digital money and that our work is crucial."

In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.