Canadian firm Quadriga CX based in Nova Scotia says it will not be able to pay its customers and investors the $250m because its CEO, Gerald Cotten, died while on a trip to India. The company says Cotten was the only one who knew the passwords and security keys to the company’s funds. The Supreme … Continue reading Nova Scotia Crypto-Exchange Can’t Pay Investors $250m after its CEO’s Death
Quebec is putting breaks on cheap energy to cryptominers after initially selling their energy at dirt cheap rates, that would make Quebec’s neighbor to the East jealous. Quebec has allowed rates of 5 cents per kw hour to be sold to energy hungry miners. Where as rates for electricity in neighbouring Ontario for local residents … Continue reading Quebec Cracks Down on Cryptomining
Government of Quebec has finally woken up by putting a stop on cryptomining in Quebec by temporary suspending sale of electricity to miners of crypto currencies. Quebec’s super cheap hydro rates attracted hundreds of crypto-miners from around the world. China and South Korea have recently banned mining and threaten companies to cease all operations. As … Continue reading Quebec Considers Restrictions Against Cryptominers
