Coinberry Crypto Exchange Gets OSC Nod, Lloyd’s Cover as Canada’s Post-Quadriga Rules Tighten

Following last year’s QuadrigaCX collapse and loss of client funds, Canada’s crypto exchanges are going the extra mile to rebuild the trust of consumers. Announced Wednesday, Toronto-based Coinberry has acquired a financial institution bond, a requirement for registration with its provincial securities regulator, the Ontario Securities Commission. “Every Canadian crypto user remembers Quadriga and the […]

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Only 23% of Hodlers Have a Crypto Estate Plan: Survey

If deceased QuadrigaCX CEO Gerald Cotten’s untimely exit was meant to teach some twisted cosmic lesson in cryptocurrency estate planning, then the vast majority of crypto investors never showed up to class, according to a new study by the Cremation Institute. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for […]

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Bitcoin News Roundup for June 12, 2020

With the price of BTC dropping more than 6% overnight, CoinDesk’s Markets Daily is back with your bitcoin news roundup. Today’s stories: The week-long calm in the bitcoin market ended with a sudden $800 price drop on Thursday. Here are three likely reasons why. The Ontario Securities Commission has published a scathing report calling now-defunct […]

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CoinDesk Live: 2019’s Most Catastrophic Crypto Caper

QuadrigaCX: You know the story. Dead CEO, $190 million of customer’s funds missing, mismanagement, conspiracy. But where are we now in terms of making crypto clients whole? Magdalena Gronowska, who’s a member of the Official Committee of Affected Users and the Bankruptcy Board of Inspectors, says as much as the nondisclosure agreements (NDA) will allow. […]

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Lawyers Ramp Up Pressure to Exhume Quadriga CEO’s Body

Lawyers representing the former users of the QuadrigaCX platform are doubling down on a formal request to exhume the exchange’s founder’s body. “Today, Representative Counsel issued a letter to the Honourable Bill Blair, Canadian Minister of Public Safety and Emergency Preparedness, requesting an update on whether the RCMP will conduct an exhumation and post­mortem autopsy […]

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Law Firm Representing Quadriga’s Former Users Want Information About ‘Shadow Bank’ Crypto Capital

Miller Thomson, the court-appointed legal counsel for former users of the QuadrigaCX cryptocurrency exchange, is asking for help identifying any records related to Crypto Capital, which may be holding some of the exchange’s funds. In a letter emailed to the exchange’s former customers and posted to its website, Miller Thomson wrote that Crypto Capital Corp., […]

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The FBI Is Now Reaching Out to QuadrigaCX Victims

According to an email sent to multiple users of the exchange and shared with CoinDesk, Valerie Gauthier, a victim specialist with the FBI, has been reaching out to former users of the exchange to alert them of a new portal containing information about the case, confirming that the investigation continues. “A criminal investigation can be […]

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