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Tag Archives: canada

Sebastien Vachon-Desjardins to Face Trial in U.S. for Crypto Ransomware Scheme

A Canadian government employee thought to be involved in a series of crypto-related ransomware attacks has been extradited to the United States to face judgement. Sebastien Vachon-Desjardins – who worked as an IT consultant for Public Works and Government Services in Canada – is believed to have carried out attacks that led to approximately $28 billion in bitcoin being paid out by targeted individuals and enterprises throughout the Americas. Vachon-Desjardins Will Face...

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Senator Ted Cruz Explains Why He Is Bullish on Bitcoin Amid Canadian Controversy

The American politician serving as the junior United States Senator for Texas – Ted Cruz – said he is a bitcoin supporter because the authorities cannot control it. He opined that China imposed its total crypto ban for the same reason. In addition, he opposed Justin Trudeau’s Emergency Act, by which the Canadian government froze the assets of the Freedom Convoy protesters. Communists Don’t Like BTC Because They Can’t Supervise It The 51-year-old member of the Republican party...

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Bitfury Sets Up a Bitcoin Mining Facility in Canada

Amsterdam-based bitcoin mining firm – Bitfury – announced it will launch a new 28MW digital asset mining site in Ontario, Canada. The facility will launch with an operational capacity of 16MW, while an additional 12MW will be added by the end of May. Bitfury’s Next Mining Center The technology company focused on digital asset mining currently has mining sites in Scandinavia, Eastern Europe, Central Asia, and North America. According to a recent press release, it will double...

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Canadian Regulators Investigate Coinbase, Kraken CEOs For Promoting Self-Custodial Wallets

The Ontario Securities Commission (OSC) recently flagged Brian Armstrong and Jesse Powell – CEOs of Coinbase and Kraken respectively – for tweets surrounding Canada’s freedom convoy protests. Each has been accused of offering advice on how to evade national financial emergency restrictions through the use of self-custodial crypto wallets. Crypto CEOs Against Canada’s Government According to a report from The Logic, Kristen Rose – the OSC’s manager of public affairs – said the...

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Ruby On Rails Creator Admits Being Wrong About Crypto 

David Hansson – creator of full-stack framework “Ruby on Rails” – recently confessed that his absolute anti-crypto stance was misguided. In light of Canada’s recent sanctions against Canada’s trucker convoy, he now sees a use-case for cryptocurrency – even in Western democracies. “I Was Wrong,” Says Hansson The dev stack creator explained his revised position in a blog post earlier today, titled “I was wrong, we need crypto”. By no means a total convert, he was still sure to...

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Canada Seeks to Invoke New Rules Preventing Truckers from Earning Crypto Donations

Justin Trudeau – the cowardly prime minister of Canada who ran and fled the country when truckers and other citizens refused to accept his tyranny – is invoking emergency powers as a means of stopping the trucker freedom convoy from being able to accept cryptocurrency donations. Canada Seeks to Stop BTC Donations for Truckers Canada – much like the United States and several other nations around the world – has worked hard to instill unconstitutional vaccine mandates...

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Crypto Proponents Rebuff Canadian Government for Crypto Crackdown During Ongoing Protests

Well-known cryptocurrency advocates worldwide have called out Canadian authorities for seizing millions in bitcoin and other digital currencies amid the ongoing protests against COVID-19 restrictions and vaccine policies. Court Signs Order to Seize Bitcoin and Monitor Crypto Wallet The Toronto Star reported that a court order had been issued to freeze bank accounts and digital wallets involved in fundraising efforts geared towards aiding “Freedom Convoy” protesters in...

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Soccer Legend Ronaldinho Dives in Crypto by Partnering With Graph Blockchain

Graph Blockchain’s subsidiary New World Inc. (New World) teamed up with the Brazilian soccer icon Ronaldinho. As a result, the former player of FC Barcelona will become an official global ambassador of the blockchain project. Ronaldinho to Help With the NFT Initiatives One of the greatest soccer players – Ronaldo de Assis Moreira, commonly known as Ronaldinho, inked a deal with the Canadian blockchain entity New World. The 41-year-old Brazilian will play an essential role in...

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Canadian Lawmaker Urges the Government to Dive Deeper in Crypto (Report)

Michelle Rempel Garner – a member of the Canadian Conservative party – has reportedly pushed Justin Trudeau’s administration to open its arms to the cryptocurrency sector. Similar to Michael Katchen, she believes that the country “should be attracting billions of dollars of investments in this fast-growing industry.” Another Voice in Favor of Crypto In a recent statement, reported by Bloomberg, the top politician Michelle Garner urged the Canadian Financial Ministry to set up...

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Fidelity Investments Canada to Add Bitcoin Exposure to All-in-One ETFs

The multinational financial services corporation aims to make several changes to its Fidelity All-in-One Growth ETF and Fidelity All-in-One Balanced ETF, including adding a small allocation to the company’s Bitcoin ETF. After several unsuccessful attempts to launch a spot Bitcoin exchange-traded fund in the States, Fidelity, through its Canadian branch, released such a product up north late last year. Now, the company has announced that it will provide a wider adoption for...

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