Bitcoin Wrap: Canadian Exchange CoinTrader Extends Offering with CAD Bitcoins
by
Adil Siddiqui
Participants in the Bitcoin arena have benefited from a number of positive steps that support growth in the sector. Product extensions and capital injections were the key events in this week’s Bitcoin picks.
The world of digital currencies faced another collection of challenges with news of missing instruments at a leading venue, however, two strong items of news brought back the bulls and highlighted the growing opportunities in the segment.
Here is a selection of the main news pieces from virtual currency news site, DC Magnates.
$5.1 million Worth of Bitcoins Disappear at Bitstamp
Bitcoin exchange, Bitstamp, reported that its systems were compromised and over five million dollars worth of assets were lost. The firm's CEO Nejc Kodrič issued an update on the recent suspension of service, informing customers, “On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC.”
The firm stated that the actual value of the products is equal to approximately $5.1 million. However, it added that it is working to get the customers' money back:
Read the full story here
Canadian Venue CoinTrader Enhances Products Through New CAD Range
Canadian Bitcoin exchange, CoinTrader, has expanded its portfolio and allows users to trade bitcoins against the Canadian dollar (CAD). Although officially a Canadian exchange, until now it has only offered USD-based trading.
The exchange had also previously partnered with a Canadian payment services provider, Vogogo. The latter can be linked directly to Canadian bank accounts for CAD deposits, which can now be traded directly for bitcoins.
LibertyX, formerly Liberty Teller, has received a $400,000 injection of seed funding from venture capital firm, Project 11, according to media reports.
LibertyX specializes in the business of selling bitcoins. The company was one of the first to operate a bitcoin ATM in the US and has since added several in strategic locations. Seeking to make bitcoins easier to buy for the general population, they also reportedly facilitate in-person bitcoin purchases at 2,500 merchants.
Bitcoin Shop Rebrands and Extends Business into Mining & Bitcoin ATM Operations
Bitcoin Shop has moved further into new segments of the digital currency economy, rebranding as Blockchain Technology Consumer Solutions and updating its logo.
The new name is designed to reflect its broader business focus, which now includes mining and bitcoin ATM operation. It has reportedly increased its mining capacity from 66 TH/s to 176 TH/s and plans on adding another 341 TH/s over the coming weeks.
The firm also received two bitcoin ATMs from Germany-based GFT GmbH, the owners of BitXatm. Recalling that BitXatm previously had a deal with CryptVision to bring over a 1,000 such ATMs to the US, which eventually fell apart.
The world of digital currencies faced another collection of challenges with news of missing instruments at a leading venue, however, two strong items of news brought back the bulls and highlighted the growing opportunities in the segment.
Here is a selection of the main news pieces from virtual currency news site, DC Magnates.
$5.1 million Worth of Bitcoins Disappear at Bitstamp
Bitcoin exchange, Bitstamp, reported that its systems were compromised and over five million dollars worth of assets were lost. The firm's CEO Nejc Kodrič issued an update on the recent suspension of service, informing customers, “On January 4th, some of Bitstamp’s operational wallets were compromised, resulting in a loss of less than 19,000 BTC.”
The firm stated that the actual value of the products is equal to approximately $5.1 million. However, it added that it is working to get the customers' money back:
Read the full story here
Canadian Venue CoinTrader Enhances Products Through New CAD Range
Canadian Bitcoin exchange, CoinTrader, has expanded its portfolio and allows users to trade bitcoins against the Canadian dollar (CAD). Although officially a Canadian exchange, until now it has only offered USD-based trading.
The exchange had also previously partnered with a Canadian payment services provider, Vogogo. The latter can be linked directly to Canadian bank accounts for CAD deposits, which can now be traded directly for bitcoins.
LibertyX, formerly Liberty Teller, has received a $400,000 injection of seed funding from venture capital firm, Project 11, according to media reports.
LibertyX specializes in the business of selling bitcoins. The company was one of the first to operate a bitcoin ATM in the US and has since added several in strategic locations. Seeking to make bitcoins easier to buy for the general population, they also reportedly facilitate in-person bitcoin purchases at 2,500 merchants.
Bitcoin Shop Rebrands and Extends Business into Mining & Bitcoin ATM Operations
Bitcoin Shop has moved further into new segments of the digital currency economy, rebranding as Blockchain Technology Consumer Solutions and updating its logo.
The new name is designed to reflect its broader business focus, which now includes mining and bitcoin ATM operation. It has reportedly increased its mining capacity from 66 TH/s to 176 TH/s and plans on adding another 341 TH/s over the coming weeks.
The firm also received two bitcoin ATMs from Germany-based GFT GmbH, the owners of BitXatm. Recalling that BitXatm previously had a deal with CryptVision to bring over a 1,000 such ATMs to the US, which eventually fell apart.
Gender Gap in Online Privacy Concerns: Women More Reserved in Sharing Personal Data
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Sandton Convention Center, Sandton, South Africa
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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