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Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

May 1, 2019 by CryptoCoinsNews

By CCN.com: Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie, has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining projects. Until now, crypto mining has been fiercely concentrated in China. But as Beijing mulls an outright ban on bitcoin mining, the industry is flocking to Canada. Décision de la Régie de l’énergie entourant l’industrie des chaînes de blocs. Bonne nouvelle, car nous pourrons aller de l’avant avec un processus de sélection selon lequel un bloc de 300 MW

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Canadian Regulators Want Laboratoire Blockchain Investors to Come Forward

March 20, 2019 by CryptoCoinsNews

Canadian regulators have frozen the assets and activities of a blockchain firm and instructed investors to step forward. The AMF (Autorité des marchés financiers) issued a statement described as a “call to investors” regarding the company i…

What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada

November 11, 2018 by CryptoCoinsNews

The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at …

Bitmain to Open New Data Center in Texas as North American Expansion Continues

July 31, 2018 by CryptoCoinsNews

Bitmain, the world’s largest bitcoin mining firm, is preparing to open a new data center in Texas, external job postings show. The China-based cryptocurrency company, which reportedly recorded $1.1 billion in profit during the first quarter, is current…

Judge Forces Alleged ICO Fraudster to Fork over $3.7 Million in Bitcoin

July 22, 2018 by CryptoCoinsNews

Dominic Lacroix, the subject of ICO fraud charges, transferred $3.7 million worth of bitcoins to a court-appointed administrator right in a Quebec City courtroom on July 6 as ordered by a judge, according to ICI Quebec. Canada’s Financial Markets Autho…

Quebec Approves Energy Rate Hikes for Bitcoin Mining Firms

July 20, 2018 by CryptoCoinsNews

Bitcoin mining firms looking to set up shop in Quebec will now have to pay more for electricity. This is after the energy regulator of the Canadian province, Régie de l’énergie, gave the region’s utility firm, Hydro-Quebec, the go-ahead to impose a det…

Canada’s Only Actively-Managed Cryptocurrency Fund Now 91% in Cash

July 18, 2018 by CryptoCoinsNews

Canada’s only actively-managed cryptocurrency fund is currently holding approximately 91 percent of its assets in cash, a position it says it has taken based on uncertainty about the near-term trajectory of the market. Writing in a biweekly report publ…

40 Percent of Ontario Cryptocurrency Investors Have Sold All Their Coins

July 3, 2018 by CryptoCoinsNews

A survey conducted in Canada’s Ontario province has sought to shed light on cryptocurrency investing habits in the region as well as the views of financial consumers and their understanding of the nascent technology. The study, which was compiled by th…

Quebec Lifts Cryptocurrency Mining Moratorium, But May Charge Miners Higher Rates

June 9, 2018 by CryptoCoinsNews

The Canadian province of Quebec will lift a moratorium on the sale of electricity to cryptocurrency mining operations, local media outlets have reported. According to Le Journal De Montreal, officials reversed course on the moratorium due to fears that…

Bitcoin Isn’t a ‘Magnet’ for Criminal Activity: Quebec Government

April 18, 2018 by CryptoCoinsNews

Bitcoin is not a tool for money laundering, nor is it a “magnet” for other types of criminal activities, the office of the Quebec government’s chief scientist said in a newly-published article. Earlier this week, the office of Quebec Chief Scientist Ré…

Quebec Blogger Slams Government For Dissing Crypto Mining

March 25, 2018 by CryptoCoinsNews

The Quebec government’s recent actions to disconnect cryptocurrency mining from the region has drawn criticism from Francois Remy, head of the digital desk at Les Affaires, a Quebec newspaper, in a recent blog. Quebec Premier Philippe Couillard has sai…