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Tag Archives: quadrigacx

Crypto Policies Take Center Stage at Republican Presidential Debate

The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users. The Republican presidential debate in Tuscaloosa, Alabama, on Wednesday, delved into cryptocurrency policies and regulation. Vivek Ramaswamy, who stood out for integrating crypto into his campaign, did not hesitate to address the industry’s challenges. In response to a query about his crypto policy, Ramaswamy referenced the recent legal turmoil...

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Coinbase Extends Its Commitment to Canada, Binance Plans to Exit

Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country. Similar to the United States, regulators in Canada have been tightening their grip on crypto firms operating in the region. Amid this intense regulatory environment, several exchanges have planned to move out of the country. However, crypto exchange Coinbase would prefer to continue its operation in Canada. A person familiar with the matter...

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Bitcoin Price Managed to Cross $6,700 but Is Below Again, BTC Halving 47 Days Away

Bitcoin price has managed to go above 6,700 again, with the market data showing that the first cryptocurrency is ready to take off. Halving will happen roughly on 13 May 2020. Traders accumulate BTC.The Glassnode data shows that BTC holders are sending their coins away from the exchanges and even the custodial services. Per the stats, Bitcoin price may be in the accumulation stage. After it ends, the bull run is imminent. Since March 18, the major exchanges were losing tons of...

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QuadrigaCX Creditors’ Claims Attract an Investor

QuadrigaCX creditors’ claims have caught the eye of Argo partners. Argo Partners is a New York investment firm whose niche includes creditor’s claims, bankruptcies, insurance liquidations among others. Sources indicate that the investment firm is already communicating with impatient creditors. Ernst & Young that is the court-appointed bankruptcy trustee is still sorting things out. The death of Gerald Cotten in India has complicated things further.Zeeshan Aziz who is the co-manager for...

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Crypto Exchange Admits ‘Missing’ CEO Has User Funds Access Amid Exit Scam Fears

IDAX’s many problems continue to stroke suspicion.The exchange finally admits “the truth”.Is this all a cover-up for an exit scam?In a story reminiscent of the QuadrigaCX scandal, crypto exchange platform, IDAX Global, has no idea where its CEO is, plus, he holds the exchange’s private keys… Oh boy, it’s been a pretty lousy week for crypto exchanges; first Upbit reveals a $50 million hack, and now it turns out that IDAX might be in trouble as well.IDAX: The Story So FarThese past few weeks...

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The Royal Bank of Canada to Launch Its Cryptocurrency Exchange

Photo: RBCThe biggest Canadian bank, Royal Bank of Canada (RBC), might just possibly launch its own cryptocurrency trading platform. Media sources familiar with the situation said that RBC, that has more than $965 billion in total assets, has applied for four patents in Canada and the U.S. Those patents, according to the sources are showing the ways of how it could integrate cryptocurrencies into its operations.As per the patent: “To individual users, managing cryptographic keys and...

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QuadrigaCX Founder’s Widow Will Surrender Over $9 Million in Assets to Repay Users

Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, has confirmed that she will hand over more than $9 million (12 million CAD) in assets. She has made this move to compensate the users of the now-defunct crypto exchange. The assets will be transferred to EY Canada, the bankruptcy trustee for the defunct exchange.On October 7, Robertson announced in a personal statement explaining that she will transfer the vast majority of her estate assets. These assets were previously valued...

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