Quadriga has filed for creditor protection and estimates that about C$180m ($137m; £105m) in cryptocurrency coins is missing. It has not been able to locate or secure its cryptocurrency reserves since Gerald Cotten died in December. Cotten, 30, had sole responsibility for handling the funds and coins. In court documents filed with the Nova Scotia Supreme Court on 31 January, his widow Jennifer Robertson, says the laptop on which Cotten "carried out the companies' business is encrypted and I do not know the password or recovery key".
Tag: Crypto Currency
Western Union open to Cryptocurrency adoption
Global cash transfer giant Western Union has revealed that it is evaluating options for the integration of blockchain technology and Cryptocurrency services to its platform. The revelations were made via a blog post and a video on the company’s blog. The news follows an increased buzz around cryptocurrencies globally.
Why Bitcoin Crashed And Why It Will Crash Again
Bitcoin is the dominating crypto currency. The recent crash only managed to get its price back to where it was last December, which means it is still profitable compared to a few years ago. Yet the digital currency that started it all suffers from some serious flaws, from volatility to its core algorithms.
Latest Crypto News
News about cryptocurrencies and blockchain technology can easily fly under the radar
New Pos by Pundix Allows Nigerians to Make Payments in Bitcoin
Indonesian cryptocurrency and payments company Pundix has introduced a point of sale terminal at a shop in Nigeria