Canadian University Adds Two Blockchain Programs to Meet Job Demands

Canada-based York University will start two new blockchain education programs in September 2020 in order to meet rising demand for professionals in the field.

Canada-based York University will start two new blockchain education programs in September 2020 in order to meet rising demand for professionals in the field.

CANADA FX DEBT-Canadian dollar sticks to tight range ahead of Poloz speech

* Canadian dollar rises 0.1% against the greenback * Loonie trades in a range of 1.3972 to 1.4007 * Price of U.S. oil increases 0.6% * Canadian bond yields trade mixed across a flatter curve TORONTO, May 25 (Reuters) – The Canadian dollar strengthened against the greenback on Monday as global stocks rose, but the loonie traded in a narrow range as U.S. financial markets were closed for a public holiday and ahead of a speech by Bank of Canada Governor Stephen Poloz. Oil is one of Canada’s major exports. The Canadian dollar was trading 0.1% higher at 1.3985 to the greenback, or 71.50 U.S. cents.

* Canadian dollar rises 0.1% against the greenback * Loonie trades in a range of 1.3972 to 1.4007 * Price of U.S. oil increases 0.6% * Canadian bond yields trade mixed across a flatter curve TORONTO, May 25 (Reuters) – The Canadian dollar strengthened against the greenback on Monday as global stocks rose, but the loonie traded in a narrow range as U.S. financial markets were closed for a public holiday and ahead of a speech by Bank of Canada Governor Stephen Poloz. Oil is one of Canada’s major exports. The Canadian dollar was trading 0.1% higher at 1.3985 to the greenback, or 71.50 U.S. cents.

QuadrigaCX Victims Request Proof of Gerald Cotten’s Death By Exhuming Body

Canadian law firm wants to exhume the body of Gerald Cotten, the deceased owner of the now-defunct crypto exchange QuadrigaCX

Canadian law firm wants to exhume the body of Gerald Cotten, the deceased owner of the now-defunct crypto exchange QuadrigaCX

Quebec Mining Firm Expands Despite Protests of Local Population

Mining firm Bitfarms expands its operations in Sherbrooke despite complaints about the noise from the local population

Mining firm Bitfarms expands its operations in Sherbrooke despite complaints about the noise from the local population

Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

This week in the Hodler’s Digest, PewDiePie gets into blockchain livestreaming, while Bloomberg calls Bitcoin a bubble, again

This week in the Hodler’s Digest, PewDiePie gets into blockchain livestreaming, while Bloomberg calls Bitcoin a bubble, again

Report: QuadrigaCX Wallets Have Been Empty, Unused Since April

Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1. Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform.…

Big Four audit firm Ernst & Young (EY) released its “Third Report of the Monitor” in the creditor protection proceedings of Canadian crypto exchange QuadrigaCX on March 1.

Within the report, the audit firm has identified six separate crypto wallets that were used primarily to store Bitcoin (BTC), the cryptocurrency most used on the platform. Apart from one inadvertent transaction of Bitcoin amounting to nearly $500,000, there have been no deposits in the wallets since April 2018. Furthermore the report states:

“To date, the Applicants have been unable to identify a reason why Quadriga may have stopped using the Identified Bitcoin Cold Wallets for deposits in April 2018, however, the Monitor and Management will continue to review the Quadriga database to obtain further information.”

In early February, the exchange filed for creditor protection when — after the death of its founder Gerald Cotten — it lost access to the cold wallets and corresponding keys, that ostensibly held the assets owed to various clients. Since then, the exchange, the court, EY and investigators have been navigating a convoluted process to ascertain where the funds went.

Today’s report also states that, within the course of its investigation, EY has discovered 14 user accounts that “may have been created outside the normal process by Quadriga” and that “[i]t appears that the Identified Accounts were created under various aliases.” The report continues:

“…the Identified Accounts were internally created without a corresponding customer and used to trade on the Quadriga platform. [EY] was further advised that deposits into certain of the Identified Accounts may have been artificially created and subsequently used for trading on the Quadriga platform.”

The monitor has also been trying to secure transaction and account balance data from the platform, which is stored on the cloud by Amazon Web Services, however:

“Due to the account being a personal account in the name of Mr. Cotten, AWS has indicated that it is unable to provide the Monitor with access to the AWS Account to permit a copy of the data that it is hosting to be secured.”

Earlier this week, cryptocurrency exchange Kraken offered a $100,000 reward for tips that could lead to the discovery of QuadrigaCX’s missing funds. The reward can be collected in either fiat or digital currency. Kraken stated, “All leads collected by Kraken will be provided to the FBI [Federal Bureau of Investigaion], RCMP [Royal Canadian Mounted Police] or other law enforcement authorities, who have an active interest in this case.”

Coinbase CEO: Defunct Exchange QuadrigaCX Likely Did Not Plan Exit Scam

The CEO of United States cryptocurrency exchange Coinbase added to theories surrounding the downfall of Canadian platform QuadrigaCX in fresh social media comments on Feb. 21. In a series of tweets, Brian Armstrong suggested the exchange, which is currently undergoing restructuring procedures and owes creditors around $190 million, did not attempt fraud. “(QuadrigaCX) was one…

The CEO of United States cryptocurrency exchange Coinbase added to theories surrounding the downfall of Canadian platform QuadrigaCX in fresh social media comments on Feb. 21.

In a series of tweets, Brian Armstrong suggested the exchange, which is currently undergoing restructuring procedures and owes creditors around $190 million, did not attempt fraud.

“(QuadrigaCX) was one of the oldest exchanges in existence (founded in 2013). If they planned an exit scam, it likely would have been timed better,” he summarized.

Users of the now-defunct Quadriga are currently battling through the courts to secure missing funds. The exact circumstances under which their deposits disappeared remain uncertain; the exchange’s CEO, Gerald Cotten, unexpectedly died in December.

Since then, multiple claims have raised the prospect that funds were mismanaged and that the official information from Quadriga’s representatives may not match the facts resulting from blockchain analysis.

Coinbase had conducted investigations of its own, Armstrong said, likewise suggesting the last months of operations posed questions about its management.

“Sequence of events suggests this was a mismanagement with later attempt to cover for it,” he wrote, adding:

“This implies that at least few people inside Qadriga (sic) knew that they were running fractional. If so, then it’s possible that untimely death of their CEO was used as an outlet to let the company sink.”

Big Four auditor Ernst & Young is currently in charge of consolidating Quadriga’s wallets and accounts. On Thursday, the exchange transferred its remaining accessible wallet balances to the company’s possession.