cryptocurrency

The B.C. Securities Commission says a now-defunct cryptocurrency platform based in Nanaimo on Vancouver Island committed a multimillion-dollar securities fraud involving various digital currencies. An advertisement for bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong, on Nov. 18, 2021. THE CANADIAN PRESS/AP-Kin Cheung

Securities Commission alleges fraud committed by B.C. crypto firm

Company allegedly diverted about $13 million worth of cryptocurrency to online gambling sites

 

Beware of investment pitches over social media. (Photo by Priscilla Du Preez on Unsplash)

‘I got sucked into a vortex’: B.C. woman reveals brush with crypto scammer

Authorities offer tips on how to avoid getting caught up in such scams

 

The setting sun reflects off of power lines as a motorist travels on the Trans-Canada Highway in Walhachin, B.C., west of Kamloops, on Tuesday, March 29, 2022. The B.C. government is temporarily suspending requests for electricity connections from cryptocurrency mining operations, saying the decision is aimed at preserving the power supply while supporting climate action and economic goals. THE CANADIAN PRESS/Darryl Dyck

B.C. pauses electricity connections for crypto mining, citing ‘massive’ consumption

18-month suspension to give province and BC Hydro time to engage with industry and First Nations

 

The FTX logo appears on a home plate umpire’s jacket at a baseball game with the Minnesota Twins, in Minneapolis, Sept. 27, 2022. The rapid collapse and bankruptcy of crypto-exchange giant FTX shows the importance of regulation in the space where Canada has been a leader, experts say. THE CANADIAN PRESS/AP-Bruce Kluckhohn

Fallout from crypto exchange FTX’s collapse shows importance of regulation: experts

Canada has stronger regulation than U.S., experts say

The FTX logo appears on a home plate umpire’s jacket at a baseball game with the Minnesota Twins, in Minneapolis, Sept. 27, 2022. The rapid collapse and bankruptcy of crypto-exchange giant FTX shows the importance of regulation in the space where Canada has been a leader, experts say. THE CANADIAN PRESS/AP-Bruce Kluckhohn
FILE - Signage for the FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the effective altruism movement. (AP Photo/Marta Lavandier, File)

Sam Bankman-Fried’s downfall sends shockwaves through crypto

FTX filed for bankruptcy protection Friday

FILE - Signage for the FTX Arena, where the Miami Heat basketball team plays, is illuminated on Saturday, Nov. 12, 2022, in Miami. The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the donations and influence of FTX founder Sam Bankman-Fried in the effective altruism movement. (AP Photo/Marta Lavandier, File)
(Black Press Media Creative)

Mastercard to help banks offer Cryptocurrency trading to their clients

Mastercard is announcing a new program where it will serve as a…

(Black Press Media Creative)
FILE - Kim Kardashian attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "In America: An Anthology of Fashion" exhibition on Monday, May 2, 2022, in New York. Reality tv star and entrepreneur Kim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.26 million because she promoted on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the plug. The SEC said Monday, Oct. 3, 2022, that Kardashian has agreed to cooperate with its ongoing investigation.(Photo by Evan Agostini/Invision/AP, File)

Kim Kardashian settles with SEC over crypto promotion

Kim Kardashian has agreed to pay $1.26 million to settle Securities and…

FILE - Kim Kardashian attends The Metropolitan Museum of Art's Costume Institute benefit gala celebrating the opening of the "In America: An Anthology of Fashion" exhibition on Monday, May 2, 2022, in New York. Reality tv star and entrepreneur Kim Kardashian has agreed to settle charges brought by the Securities and Exchange Commission and pay $1.26 million because she promoted on social media a crypto asset security offered and sold by EthereumMax without disclosing the payment she received for the plug. The SEC said Monday, Oct. 3, 2022, that Kardashian has agreed to cooperate with its ongoing investigation.(Photo by Evan Agostini/Invision/AP, File)
A 93-year-old senior is left with nothing but bitcoin receipts after being scammed out of $15,000 in July. She’s hoping that sharing her experience will prevent others from being hurt. (Heather Colpitts/Langley Advance Times)

Cloverdale senior hit by tag-teaming scammers, defrauding her of $15,000

93-year-old grandmother doesn’t want to see this happen to other seniors

A 93-year-old senior is left with nothing but bitcoin receipts after being scammed out of $15,000 in July. She’s hoping that sharing her experience will prevent others from being hurt. (Heather Colpitts/Langley Advance Times)
FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. (AP Photo/Kin Cheung, File)

After digital asset crash, Canadian crypto companies look to the future

‘We were seeing a lot of good money being thrown at bad projects’

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, Thursday, Feb. 17, 2022. It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. (AP Photo/Kin Cheung, File)
Bitcoin tokens are symbolic since the cryptocurrency itself really exists only digitally. Dan Kitwood | Getty Images

RCMP dismantle 8 Cryptocurrency scam websites after numerous B.C. residents duped

BC RCMP Federal Policing Cybercrime Operations Group shuts down bogus online cryptocurrency investment platforms

Bitcoin tokens are symbolic since the cryptocurrency itself really exists only digitally. Dan Kitwood | Getty Images
Chilliwack sculptor Kevin Stone stands beside a gigantic Elon Musk head in his workshop on Tuesday, Jan. 18, 2022. (Jenna Hauck/ Chilliwack Progress)

VIDEO: B.C. metal sculptor makes giant Elon Musk head for cryptocurrency monument

Kevin Stone making head which will attach to goat body riding rocket, then presented to Elon Musk

Chilliwack sculptor Kevin Stone stands beside a gigantic Elon Musk head in his workshop on Tuesday, Jan. 18, 2022. (Jenna Hauck/ Chilliwack Progress)
Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang

Federal documents hint at sweeping economic impact from central bank ‘digital loonie’

Central bank met with federal officials over 2020 to gauge the implications of own cryptocurrency

Governor of the Bank of Canada Tiff Macklem participates in a media availability at the Bank of Canada in Ottawa, on Wednesday, Dec. 15, 2021. THE CANADIAN PRESS/Justin Tang
British Columbia residents are being warned of advanced and evolving online cryptocurrency investment scams (Pixabay.com)

British Columbians have lost $3.5M to cryptocurrency scams so far in 2021

Police urging caution as scams are on the rise through social media and online dating platforms

British Columbia residents are being warned of advanced and evolving online cryptocurrency investment scams (Pixabay.com)
FILE - In this Feb. 9, 2020 file photo, El Salvador’s President Nayib Bukele, accompanied by members of the armed forces, speaks to his supporters outside Congress in San Salvador, El Salvador. Bukele’s party has swept all three main opposition parties during 2021’s midterm elections, giving him a mandate to change the way politics are run in the central American country. (AP Photo/Salvador Melendez, File)

El Salvador president wants Bitcoin as legal tender

The U.S. dollar is El Salvador’s official currency

FILE - In this Feb. 9, 2020 file photo, El Salvador’s President Nayib Bukele, accompanied by members of the armed forces, speaks to his supporters outside Congress in San Salvador, El Salvador. Bukele’s party has swept all three main opposition parties during 2021’s midterm elections, giving him a mandate to change the way politics are run in the central American country. (AP Photo/Salvador Melendez, File)
Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang

Bank of Canada digital currency would be greener than Bitcoin, deputy says

Elon Musk said that Tesla would suspend vehicle purchases using Bitcoin out of environmental concern

Bank of Canada deputy governor Timothy Lane delivers a keynote at the Ottawa Board of Trade in Ottawa, on Thursday, Dec. 5, 2019. THE CANADIAN PRESS/Justin Tang
Vancouver police are warning of a surge in scams involving cryptocurrency such as Bitcoin, a form of digital currency, using the promises of romance or financial gain through virtual investment. (Pixabay)

Nearly $2M stolen in one week through cryptocurrency scams, say Vancouver police

Scammers exploit victims with fake promises of romance or financial gain through investments

Vancouver police are warning of a surge in scams involving cryptocurrency such as Bitcoin, a form of digital currency, using the promises of romance or financial gain through virtual investment. (Pixabay)