Blog Archives

Cryptocurrency Mining Firm To Invest $77 Million In Canadian Facility

Posted on 21st March, 2018

Location is everything when it comes to cryptocurrency mining. If a city or town has naturally cool weather and ready access to inexpensive electricity, it’s only a matter of time before bitcoin miners start setting up shop there. In the case of the Canadian city of Medicine Hat, Alberta, the area’s innate appeal to cryptocurrency […]

Cheap Electricity Drives “Hundreds” Of Crypto Miners To Quebec

Posted on 16th February, 2018

It’s no secret that cryptocurrency mining operations live or die by the costs of electricity. Mining hardware is notoriously expensive to operate profitably, and those costs are expected to skyrocket as new mining facilities open all over the globe. With ready access to abundant — and cheap — hydroelectric power, the Canadian province of Quebec […]

Canadian Regulators Give Green Light To ICO

Posted on 8th September, 2017

This week, Quebec’s financial regulatory agency — Autorite des Marches Financiers (AMF) — announced that it would be including an ICO into its experimental “sandbox” program for non-traditional securities and financial instruments. The AMF has approved a proposal from Toronto-based “socially responsible” banking startup Impak Finance, giving official approval to its MPK coin ICO. The […]

Canada’s bitcoin-focused Vogogo becomes a publicly traded company

Posted on 15th September, 2014

Calgary-based bitcoin payment processing and regulatory compliance company Vogogo announced today that it will be trading on the Toronto Stock Exchange’s Venture Exchange (TSXV) under the ticker symbol “VGO.” Although not strictly a bitcoin company, Vogogo made headlines recently for raising $8.5 million to develop a new bitcoin payment system, possibly intended to become Canada’s […]

Canadian payroll company Wagepoint extends BTC payments to U.S.

Posted on 11th September, 2014

Earlier this month, Ontario-based payroll firm Wagepoint made headlines for becoming one of the first organizations to enable direct bitcoin payments to employees. At the time, Wagepoint’s BTC payroll service was limited to Canada, but according to an interview published by CryptoCoinsNews, the company has expanded the option to their U.S.-based clients. According to the […]

Canadian payroll firm says growing number of companies paying employees in BTC

Posted on 1st September, 2014

The Canadian Press reports today that bitcoin-backed salary payments are on the rise in Canada. According to Waterloo, Ontario,-based payroll firm Wagepoint, employees and businesses are increasingly interested in paying out in BTC rather than the Canadian dollar (CAD). The firm launched one of the first cryptocurrency-based payment options in the world last November, but […]

Simon Fraser University launches bitcoin-donation program

Posted on 28th August, 2014

Canada’s Simon Fraser University (SFU) announced a new bitcoin-donation program, making it the first post-secondary school in the country to directly work with digital currency. The program was launched with a BTC donation equivalent to $6,000 CAD from SFU alumnus Scott Nelson and Simon Fraser Bitcoin Club president Mike Yeung. Those initial funds will be […]

Newegg expands BTC buying option to Canada

Posted on 26th August, 2014

Online tech retailer Newegg announced today that it will be bringing its popular pay-by-bitcoin option to customers in Canada. The company integrated BitPay’s payment platform to their U.S. checkout system in July, becoming the then-largest online store to accept digital currency. (This status was short lived, as Dell, DISH and Expedia adopted bitcoin payments in […]

Vogogo raises $8.5 million for bitcoin-payment development

Posted on 7th August, 2014

It’s a sign of the times when even established companies are repositioning themselves to take advantage of the bitcoin zeitgeist. Calgary-based payment processor Vogogo is hardly a startup, with the original company founded well over a decade ago and existing in its current form since 2008. The company claims to have processed over $1 billion […]

CAVIRTEX unveils new bitcoin ATMs for Canadian network

Posted on 29th July, 2014

The Canadian Virtual Exchange, better known as CAVIRTEX, is nearing the launch of its long-anticipated bitcoin ATM network. The Calgary-based exchange posted an image to Twitter today showing eight custom-designed, Canada-themed machines. According to a post from the official CAVIRTEX account on Reddit, there are ten ATMs launching across Canada next month. The company has […]