Cryptocurrency is useless to anyone other than nefarious groups or individuals trying to move money without being noticed by the government. This is apparently the cutting-edge opinion of Harvard University cryptographer and technology researcher Bruce Schneier.Citing a series of regularly discredited and debunked talking points, Schneier believes that the aims of Bitcoin according to its original whitepaper have been defeated by the reality of its deployment………………….
Tag: cryptocurrency canada
QuadrigaCX, the largest bitcoin exchange in Canada, has lost $190 million worth of crypto after it lost access to its cold storage wallets. An affidavit filed on January 31 with the Supreme Court of Nova Scotia revealed that $190 million in Bitcoin, Bitcoin Cash, Bitcoin Cash SV, Bitcoin Gold, Litecoin, and Ethereum were lost. How Did the Bitcoin Exchange Lose All of its Crypto Funds……
Earlier this week, the Canadian House Finance Committee met and discussed the role of cryptocurrencies. As part of their regular meetings as required by the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), cryptocurrencies became a hot topic, as regulators see them as an easy way to launder money. The usual reasons, according to iPolitics, came up: cryptocurrencies are anonymous, difficult to trace, and have a history of being used by risky personalities such as Edward Snowden and Julian Assange……….