QuadrigaCX is the only Canadian exchange of nearly 20 that has committed to a contingency plan in the event that the bitcoin network splits in two, creating two competing currencies.
These exchanges are now planning to list Bitcoin Unlimited (BU) as they would an alternative cryptocurrency, according to the statement. BU is an alternate implementation of the bitcoin software that seeks to expand the block size in an effort to scale the network’s capacity.
The plan is backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say “may be inevitable”.
Read the full article here on Coindesk: http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/
Cryptocurrencies such as Bitcoin and Dash have a big role to play in the future of remittance payments. Cryptocurrencies are easy to transfer across the globe without being hindered by banking requirements. Bitso, one of Mexico’s largest bitcoin exchanges, has created a Mexico-Canada remittance corridor with the help of Paycase. Moving funds from bank accounts between the two countries by using blockchain technology is now an official feature.
Read the full article here: http://thedashtimes.com/2017/03/12/bitso-creates-cryptocurrency-based-remittance-corridor-mexico-canada/
In addition to accepting prepaid non-reloadable credit cards, www.MyBTC.ca now accepts Flexepin Vouchers.
Flexepin vouchers can be purchased with cash or debit at 4,000+ Retail Purchase Locations Canada-wide: https://mybtc.ca/flexepin-voucher-purchase-locations . Once you have purchased your Flexepin voucher featuring a unique 16-digit code, you can redeem it on www.MyBTC.ca to buy Bitcoin immediately.
The central bank of Canada has published a new working paper that suggests its researchers believe digital currency exchange rates will become less volatile should adoption increase.
Penned by researchers Wilko Bolt (of the central bank of The Netherlands) and Maarten RC van Oordt (of the Bank of Canada’s Financial Stability Department), the paper offers a possible “economic framework” for exchange rate analysis. Published on 18th August, it further represents the latest work from a major central bank, following growing interest from this segment of the financial community in recent months. Read full paper here: Bank of Canada Bitcoin Paper
You can now buy and sell bitcoin online with Coinbase in Canada. They have partnered with Canadian payment processor, Vogogo and offer 2 funding options that include Electronic Funds Transfer (EFT) where you link your bank account and they pull Canadian dollars from it if you are buying or push funds to if you are selling. The other option exclusively for buying is Interac Online, it’s the instant funding method supported by major banks and credit unions such as BMO, RBC, Scotia, TD, Envision Financial, Libro Credit Union and Windsor Family Credit Union. No ID verification required for daily transactions up to $200. If you follow this special promo link you’ll also receive $10 back in BTC after you make your first deposit of $100 or more: www.coinbase.com
For more information on Coinbase visit www.CoinbaseReview.com
While most governments have been taking steps to regulate the bitcoin industry and others declaring a completely close-minded stance against digital currencies, Canada’s Senate decided to vote against bitcoin regulation. The Canadian Senate’s Banking, Trade and Commerce (BTC) committee released its findings last Friday and asked the federal government to use a “light touch” in dealing with digital currencies.
The team behind the popular Kryptokit wallet and encrypted messaging extension for Chrome browsers now has a new offering called RushWallet, allowing near-instant bitcoin wallet creation from any device or platform.
The philosophy behind RushWallet is “ease of use and removing friction”; effectively, bitcoin should be as quick and accessible as reaching into your pocket for some cash. There shouldn’t be any need to remember login and password credentials every time you need to spend some money, and you should keep full control over your private keys.
Read more here: http://www.coindesk.com/rushwallet-delivers-fast-frictionless-login-free-bitcoin-wallets/
Leading Canadian Bitcoin exchange, CaVirtex, is now caught up on the massive list of verifications they had to plough through due to a major spike in new customers. They are now back at the usual processing time of 2-5 business days to get verified.
Buying Bitcoin just got easier thanks to Canadian-based CoinTap that gives consumers a gateway to the cryptocurrency by purchasing a pre-paid access card at retailers which can then be redeemed online for deposit into your wallet. Learn more at CoinTap.co.
Officially open January 1st, Bitcoin Decentral, located in Downtown Toronto at King & Spadina, will host space for a number of major players in the Canadian bitcoin field of technological innovation and entrepreneurs alike on a regular basis. Among many others, The Toronto Bitcoin Meetup will be held here one per week on Wednesday’s. Learn more about Canada’s Bitcoin Decentral and join the discussion here on Reddit.