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Canada’s Central Bank (BOC) released a working paper this month, Incentive Compatibility on the Blockchain. In it, BOC seems to argue the world’s most popular cryptocurrency, Bitcoin, is safe from a 51% attack, double spend scenario through the right incentive structure and proof of work (POW). Also read: Coinbase Flexes Muscle, Creates Political Action Committee … Read more
Canadians are reportedly using Bitcoin mainly for investment purposes, says a report conducted by the Bank of Canada Go to Source Powered by WPeMatico
A Bank of Canada study finds that a “dishonest” miner is unlikely to cheat by double spending due to a need for “deep pockets” Go to Source Powered by WPeMatico
In today’s Bitcoin in Brief, Belarus, which legalized crypto activities this spring, is now turning its attention to adopting standards for companies operating crypto exchanges and issuing tokens. We’ve covered the decision of the Russian payment provider Qiwi to motivate its employees with tokens. The Daily also features crypto news from China and Canada. Also … Read more
Vancouver, BC, Canada – Cozystay Holdings Inc. (Cozystay™) is excited to announce its partnership with Singapore-based Share Everything Lab Pte. Ltd. (SEL) to bring blockchain technology to the vacation-rental sharing economy. SEL is developing a protocol that will decentralize and revolutionize the sharing economy industry. Cozystay, a vacation rental platform that has been operating since … Read more
Cryptocurrency hedge funds have become increasingly popular all over the world. In Canada, the biggest crypto fund goes by the name of Rivemont Crypto Fund. Interestingly enough, its asset allocation heavily favors cash over cryptocurrency at this stage. Canada’s Crypto Fund Needs More Bitcoins One would expect a cryptocurrency hedge fund to have a vast … Read more
BitFury partner Hut 8 diversifies Bitcoin mining competition with capacity upgrade Go to Source Powered by WPeMatico
With the international regulatory drive to tackle tax evasion by cryptocurrency users, combined with a lack of clear guidance from authorities in many places, everyday people are concerned about handling reporting themselves. And where there is a need, companies always pop up to tap the demand with various solutions. The latest example of this comes … Read more
The Large Credit Union Coalition, comprising of CIOs of the 16 largest credit unions in Canada, has joined blockchain consortium R3 to explore and develop its Corda platform Go to Source Powered by WPeMatico
Canada’s Rivemont Crypto Fund hold 91 percent of its assets in fiat currency, with only 9 percent in Bitcoin Go to Source Powered by WPeMatico