Canada Bitcoin

Approach Bitcoin With Caution

Celine Hervieux-Payette | Posted 07.30.2015 | Canada Politics
Celine Hervieux-Payette

Once you look under the hood of bitcoin you realize that there is an expiry date given the maximum limit of 21 million bitcoins that are "mined" in an increasingly expensive process presently done in massive mainframes the size of football fields. It is also true that the infamous website known as the Silk Road, which trafficked all sorts of illegal goods such as drugs and guns, used bitcoin as the main currency.

Don't Stifle Bitcoin With Regulations, Canada's Senate Urges

CP | Alexandra Posadzki, The Canadian Press | Posted 06.19.2015 | Canada Business

TORONTO - A report from Canada's Senate says Ottawa should use a "light touch" when considering any regulation of Bitcoin and other digital currencies...

Will Bitcoin Help the Energy Revolution?

Ben West | Posted 03.10.2015 | Canada Business
Ben West

I have spent most of my adult life organizing campaigns, trying to make change for the better in regards to climate change. I am now getting pretty ex...

Bank Of Canada Says It May Issue Digital Currency

CP | Posted 11.14.2014 | Canada Business

OTTAWA —The Bank of Canada says it’s weighing the possible benefits of issuing electronic money. Senior deputy governor Carolyn Wilkins says th...

Ontario Exec Takes Pay In Bitcoin

CBC | Posted 11.16.2014 | Canada Business

Like many of the 20- and 30-somethings in the Waterloo, Ont. region, Andrew Finkle dedicates his days and nights to the dream of transforming his tec...

Increasing Number Of Canadians Choosing To Be Paid With Bitcoin

CP | Ethan Lou, The Canadian Press | Posted 11.01.2014 | Canada Business

A small but growing — and surprising — number of workers are rejecting Canadian dollar salaries for Bitcoin, according to a Waterloo, Ont., payrol...

Bitcoin Gets Some Competition

CP | Ethan Lou, The Canadian Press | Posted 10.25.2014 | Canada Business

When Jay Su got into cryptocurrency in October last year, he rejected the popular Bitcoin in favour of a lesser-known alternative, Litecoin.Bitcoin wa...

Canadian Internet Provider Linked To Bitcoin Theft

CP | Ethan Lou, The Canadian Press | Posted 10.11.2014 | Canada Business

Researchers with a cyber security firm say they have uncovered that a hacker used access to a Canadian Internet provider to hijack large foreign netwo...

Bitcoin Is For Crime, Finance Dept. Memo Warns

CP | Jim Bronskill, The Canadian Press | Posted 09.27.2014 | Canada Business

OTTAWA - The high level of anonymity and lack of regulation associated with Bitcoin transactions may make the virtual currency "an attractive payment ...

This Yukon Gold Mine Is Being Sold For Bitcoins

The Huffington Post Canada | Sunny Freeman | Posted 06.11.2014 | Canada Business

Want to buy a gold mine? It will cost you 2870 bitcoin. In “the very first offering of its kind on the Bitcoin market,” an unnamed mining compa...

Sunny Freeman

Canada ❤'s Bitcoin | Sunny Freeman | Posted 05.29.2014 | Canada Business

Canada is the world’s second-most popular destination for Bitcoin investment, according to a new report from a Montreal think tank. But , it warns, ...

Sunny Freeman

'In Cryptography We Trust' | Sunny Freeman | Posted 04.14.2014 | Canada Business

“In cryptography we trust” was the slogan plastered on signs and t-shirts at the first Bitcoin Expo held in downtown Toronto this past weekend as ...

Are Digital Currency Businesses Ready to Play by FinTRAC Rules?

Jillian Friedman | Posted 06.02.2014 | Canada Business
Jillian Friedman

The imminent arrival of compliance requirements to the virtual currency industry means that bitcoin businesses starting up in Canada should set up their business model and practices in ways that facilitate compliance with not only anti-money laundering laws, but privacy and consumer protection laws as well.

'The Unofficial Crypto-Currency Of Canada'

The Huffington Post Canada | Posted 04.01.2014 | Canada Business

Digital currency enthusiasts have released what they call the "unofficial crypto-currency of Canada," though it's not clear what connection it has to ...

Rogers Facilitated Bitcoin Hack, Company Alleges

The Huffington Post Canada | Posted 03.19.2014 | Canada Business

An Ottawa-based bitcoin exchange has been defrauded of $100,000 using what the company described as a “ridiculous” method, and the company is layi...

Woolly Mammoth Tusks For Sale In Bitcoin

The Huffington Post B.C. | Posted 03.12.2014 | Canada British Columbia

Mainstream retailers are starting to accept bitcoin, but a pair of tusks from an adult woolly mammoth has to be one of the strangest — and coolest? ...

What The Heck Is A Bitcoin?

Michael Yeung | Posted 05.11.2014 | Canada British Columbia
Michael Yeung

When I first got into Bitcoin in early 2011, it took me many weeks to realize what Bitcoin can do to improve the world so I wanted to make this process of understanding Bitcoin easier for everyone else.

Far From Dead

CBC | Posted 05.09.2014 | Canada Business

It's been a rough month for bitcoin. The digital cryptocurrency — which may or may not have been founded in 2009 by a 64-year-old Japanese recluse...

Bitcoin Exchange CEO Found Dead

CP | Satish Cheney, The Associated Press | Posted 05.06.2014 | Canada Business

SINGAPORE - The CEO of a virtual currency exchange was found dead near her home in Singapore.A police spokesman said Thursday that initial investigati...

Another Bitcoin Hack, Another Shutdown

CBC | Posted 05.04.2014 | Canada Business

A second online bitcoin bank has shut down after a security breach allowed thieves to steal a large quantity of bitcoins. Flexcoin made the abrupt a...

Mt. Gox Files For Bankruptcy Protection

CP | Yuri Kageyama, The Associated Press | Posted 04.30.2014 | Canada Business

TOKYO - The Mt. Gox bitcoin exchange in Tokyo filed for bankruptcy protection Friday and its chief executive said 850,000 bitcoins, worth several hund...

CEO Of Troubled Bitcoin Exchange Resurfaces

CP | Yuri Kageyama, The Associated Press | Posted 04.28.2014 | Canada Business

TOKYO - The head of troubled bitcoin exchange Mt. Gox says in a web post that he is still in Japan, and "working very hard" to find a solution to the ...

Sunny Freeman

The Last Canadian Bank To Bail On Bitcoin? | Sunny Freeman | Posted 02.20.2014 | Canada Business

A Vancouver-based bitcoin exchange says its account has been shut down by the Bank of Montreal and claims the bank is closing all accounts owned by bu...

Sunny Freeman

Tories Call Bitcoin A 'Risk,' Plan Some Kind Of Crackdown | Sunny Freeman | Posted 02.12.2014 | Canada Business

Bitcoin was singled out in Tuesday’s federal budget as an “emerging risk” in Canada’s fight against terrorism and money laundering, even thoug...

Has Canada Put a Question Mark Over the Bitcoin?

Michael Cayley | Posted 03.30.2014 | Canada Business
Michael Cayley

Bitcoin -- the virtual currency and global payment system -- is coming off a banner year. Recently an official from the Federal Department of Finance apparently indicated in an email to a media outlet that bitcoin is not legal tender in Canada. That was cause for David George-Cosh to suggest that Canada was "putting a question mark over the use of" bitcoin in Canada in a Wall Street Journal post. In my view, the comment from Finance does nothing to inhibit bitcoin's growth, acceptance, or adoption in Canada.