CaVirtex Interested in Launching Bitcoin ATM Network in Canada
Canadian digital currency exchange CaVirtex is reportedly planning to launch a network of bitcoin ATMs across Canada. The news comes along with plans to re-introduce a balance deposit feature, a new trading API, and a new merchant user interface. Details with regard to the program are very much under wraps at this juncture, with the company's business development manager Reed Holmes telling CoinDesk that the exchange is looking into the idea and formulating how such a network would be formed: There are a lot of different moving parts there - who's going to be operation, where are they....
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Canadian bitcoin exchange CAVIRTEX is looking to get into the bitcoin ATM space. We already had an indication of this happening, when the exchange teased a picture of a line of BitAccess ATMs in a warehouse at the end of July. At the time, we didn't have a whole lot of information, but we're learning that at least six of the machines have launched today, and another four will be launching shortly. It effectively makes Canada the country with the most bitcoin ATMs in the world, beginning with the first two-way ATM installed by Las Vegas-based Robocoin last year in a downtown Vancouver....
When Canadian exchange Cavirtex closed its doors in February, there was a lot of speculation about the reasons it shut down, but few expected the exchange to come back to life. Cavirtex shut down amid security concerns after a major breach. Now, New York-based digital currencies exchange Coinsetter is expanding into the Canadian market by buying previously closed exchange Cavirtex for close to $2 million, according to Fortune Magazine. Coinsetter, which specializes in institutional trading for investment firms, is confident it can win back all of Cavirtex's old customers in Canada and grow....
On Tuesday, February 17, the Canadian Bitcoin community was surprised to learn that its biggest and longest-serving exchange, CAVIRTEX, was to wind down operations by March 25. Enter QuadrigaCX, heir apparent to the title of Canada's largest Bitcoin exchange. An older version of the CAVIRTEX database, including 2FA secrets and hashed passwords, may have been compromised. Their website states, "We believe that damage to the company's reputation, caused by the potential compromise, will significantly harm our ability to continue to operate successfully." Kyle Kemper, VP of CAVIRTEX, also....
CaVirtex, one of the oldest and largest Canadian Bitcoin exchanges, disabled Bitcoin withdrawals yesterday. CaVirtex informed their twitter followers of the inconvenience via tweet. Litecoin withdrawals are still allowed, which leads some to believe that CaVirtex hasn't run with funds and is just experiencing a delay. CaVirtex did not give any specific timeline for when Bitcoin withdrawals would be re-enable, though they did give a reason: Hot wallet top off. Also read: Canada's Largest Bitcoin Exchange Now Accepts Litecoin. An Empty Hot Wallet. @kajjeb Recent volume has resulted in our....
Bitcoin operations in Canada have taken a hit earlier this year, as two of its major exchanges had to shut down. Both Vault of Satoshi and CaVirtex — the leading Canadian bitcoin exchange — halted all Bitcoin-related services in Q1 of 2015. However, it looks like CaVirtex is far from done, as the exchange platform was recently acquired by New York-based bitcoin exchange Coinsetter. CaVirtex: Closing Down After Security Breach. If there is one thing the early months of 2015 have shown us, it is that no Bitcoin exchange around the world is safe from security breaches. Not all of the hacking....