Tag: Canada

A New Bitcoin World

More Cities and Regions Accepting Coins for Taxes, Services

More Cities and Regions Accepting Coins for Taxes, ServicesCryptocurrency payments, as convenient as they can be, are still something most governments are trying to wrap their heads around and regulate. Local authorities, however, being closer to the citizens they are called upon to serve, are often quicker to adopt novelties that make their lives and the lives of ordinary people much easier. More […]

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August 6, 2019 0

Bitcoin ATMs Most Common Scam Payment Method in Australia

The Australian Taxation Office (ATO) has warned taxpayers to be “on high alert” for phone scammers demanding payment through bitcoin ATMs. It said payments via BTC cash machines have now overtaken iTunes vouchers as the most common method of scam payment reported to the tax authority. Also Read: IMF: Central Banks Could Issue Digital Currency Tax […]

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November 15, 2018 0

21,000 New Locations Across Canada, Europe, Australia to Purchase Bitcoin Cash

Netcoins, an over-the-counter (OTC) brokerage and virtual ATM software company, announced this week it was enabling bitcoin cash (BCH) for immediate access purchase. For BCH enthusiasts, that’s 21,000 locations, covering Canada, Europe, and Australia where the decentralized currency is now available. Also read: Square’s Big Week: Crypto Patent, Shares Leap, and Lightning Plug 21,000 New […]

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September 4, 2018 0

People Who Don’t Understand Cryptocurrency Should Probably Stop Writing About It

People Who Don’t Understand Cryptocurrency Should Probably Stop Writing About ItIt’s only February, but the award for most inaccurate cryptocurrency article of the year is already in the bag. The Financial Post, which bills itself as “Canada’s most trusted source of financial news” has published an editorial that reads like something straight from The Onion. This isn’t satire though – it’s a serious piece authored […]

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February 26, 2018 0

As Blockchains Grow Bigger, Full Node Counts Increase

As Blockchains Grow Bigger, Full Node Counts IncreaseBack in 2016, the number of full nodes within the Bitcoin core network was dropping. At the time, Bitcoin enthusiasts thought the amount of nodes would continue to decline and the metric was used heavily in the scaling debate. However, in contrast to many people’s predictions, the count of full node BTC implementations has been […]

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January 23, 2018 0

Bitcoin Miners Are Pestering Utility Companies for Cheap Hydro Power

Bitcoin Miners Are Pestering Utility Companies for Cheap Hydro PowerThe world’s most desirable places to live and work are no longer in major metropolitan areas: they’re remote and at altitude. That’s according to bitcoin miners at least, who are fueling a boom for land and utilities in some of the world’s most scenic regions. They’re not relocating for the breathtaking views, however, but for […]

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December 8, 2017 0

Bitfury is Building the ”Largest Bitcoin Mining Operation in North America”

Bitfury is Building the Largest Bitcoin Mining Operation in North AmericaVancouver’s Hut 8 Mining Corp has announced plans to create “North America’s largest bitcoin mining datacenters”. The ambitious scheme will see the Canadian firm partner with mining specialists Bitfury, who will provide the hardware, software, and maintenance. Subject to necessary funding being raised, the deal is expected to be completed in 2018. Also read: Bitcoin-Based Ethereum […]

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December 5, 2017 0

Gold Mining Company’s Shares Jump 1,300% After Switch to Bitcoin

Gold Mining Company's Shares Jump 1,300% After Switch to BitcoinWith the exponential growth in bitcoin’s price this year and ‘blockchain technology’ becoming the hottest buzzword in the business world it is not surprising that investors are betting on everything crypto-related. The allure of capitalizing on this attraction is so strong, now even regular mining operators are jumping in – and even succeeding in rebranding […]

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December 3, 2017 0

Quebec Attracts Cryptocurrency Miners with Inexpensive Hydropower

Quebec is increasingly becoming a location of interest for bitcoin miners. The Canadian province offering inexpensive electricity and cold winters providing inexpensive cooling. Also Read: Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown A Young Canadian Entrepreneur Told Local Media That Quebec Is Becoming a Hotspot for Mining Mr. Bertrand runs approximately 50 ASICs […]

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November 19, 2017 0