
QuadrigaCX Co-Founder Grilled by British Columbia Authorities, Here’s Why
Records submitted to the British Columbia Supreme Court indicate that Michael Patryn is suspected of having obtained the assets illegally.
Records submitted to the British Columbia Supreme Court indicate that Michael Patryn is suspected of having obtained the assets illegally.
The Republican presidential debate discussed several issues including regulation to protect the sector as well as safeguarding crypto users.
Amid the tightening of regulatory rules in Canada, crypto exchanges are contemplating whether to continue their operations or exit from the country.
The storyline is said to emphasize “a group of investors who turned curious” and will focus on defining major events of Gerald Cotten’s life in a compelling narrative.
Since both the founders have gone missing and are not returning any calls, the investors have involved Hanekom Attorneys, the South-Africa-based law firm, to manage the chaos.
According to EY’s filing, the company is planning to convert all recovered assets into Canadian dollars. It is also going to allocate funds to Quadriga’s customers depending on cryptocurrency prices from 2019.
Canadian law firm Miller Thomson has hired consultancy firm Kroll that in partnership with Coinfirm will perform blockchain analytics work related to the ongoing dissolution of QuadrigaCX.
Bitcoin OTC trading is believed to surge in 2020 as today crypto derivatives exchanges provide clients with high transparency ratings and impressive security.
Bitcoin price has managed to go above 6,700 again, with the market data showing that the first cryptocurrency is ready to take off. Halving will happen roughly on 13 May 2020. Traders accumulate BTC.
Tether, the issuer of USDT, announced a new gold-backed stablecoin. This token is said to be issued on the Ethereum and Tron blockchains.
Argo Partners indicated its interest to purchase QuadrigaCX creditors’ claims.
3iQ Corp has filed preliminary prospectus to float its Bitcoin Fund through an initial public offering, which is expected to expand its investor base.
The Royal Bank of Canada (RBC), the country’s biggest bank with over $900 billion in total assets, is reportedly looking to launch its own crypto exchange.
An official statement from Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, confirms that she will hand over more than $9 million to compensate the users of the now-defunct crypto exchange.
The CipherTrace report mentions that ‘exit scams’ have rocked the crypto markets in 2019 alone contributing to a fund loss of a massive $3.1 billion.