Canadian Man Builds World's First Wooden Bitcoin Wallet
There are a number of bitcoin wallets on the market, but none made out of wood - until now. Based in Ottawa, Canada, Charley Lazaro is a man with a penchant for woodworking. "I came up with the idea of a wood wallet while playing with my laser engraver machine," he told CoinDesk. "I founded the startup The Woody Co here in Ottawa a few months ago, so I am already involved in crafting wood products and using laser etching machines and technology." Lazaro is leveraging his laser tools to build personalized wallets for bitcoin enthusiasts. He said: "I realized it would be a great idea to....
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On December 23, 2020, the Canadian financial tech firm Mogo announced its plans to invest 1.5% of the company’s reserve assets into bitcoin by the year’s end. Mogo’s president and CFO said the initial corporate investment of up to $1.5 million in bitcoin builds on the company’s product development related investments in bitcoin during the last few years. Ever since Microstrategy purchased bitcoin to replace a percentage of the firm’s cash reserves, a large swathe of companies followed the bitcoin balance-sheet model. At the time of publication, there are now....
There's been a whole lot of innovation in the world of bitcoin going on in Canada. Just this morning we reported of CoinTap's business coming to life in a Canadian pub. Wednesday, we reported that another bitcoin ATM in Canada would start operating in Ottawa Thursday. All through the the Canadian government has been relatively silent. Until now, that is. The Wall Street Journal is reporting that a government official in the country has said that bitcoin is not recognized as legal tender within their borders. "Only Canadian bank notes and coins are recognized as legal tender in Canada.....
Leading bitcoin exchange and wallet provider Coinbase has expanded its services to Canada and Singapore as a part of its project to expand their services globally. Now, consumers in Singapore are able to buy and sell bitcoin for Singapore dollars through Coinbase. This follows the company's announcement from ealier this week that Coinbase users based in Canada will be able to buy and sell bitcoin with Canadian dollars instantly, using the Coinbase Wallet. Additionally, users will be able to buy and sell bitcoin with a Canadian bank account directly and trade BTC/CAD on Coinbase's exchange.....
My name is Matt Burgoyne and I'm an associate at Canadian legal firm McLeod Law. I'm involved with Canadian and international counsel in the developing area of virtual currency law, specifically including bitcoin currency. Does Canada consider bitcoin to be a real sovereign "currency" or simply a commodity? This question is particularly relevant given various bitcoin related news stories that have involved Canadian companies in recent weeks. First, as most have no doubt heard, there is at least one bitcoin ATM operating in a Vancouver coffee shop, and according to a Vancouver Sun article....
Hive, a geographically distributed startup that builds bitcoin wallets, launched a beta version of its Android wallet app today. Jan Vornberger, lead developer of the app, said that the company's product has key differences that will make it stand out in the crowded Android marketplace. One of those features is the ability to host third-party bitcoin applications within the wallet - effectively, a Hive app store. Vornberger told CoinDesk: "I would say it's our app platform, which makes Hive extensible, [is the big differentiator]." Simple interface. Hive focused on offering a very user....