Coinsetter Sets Its Sights on Canadian Exchange Cavirtex
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....
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Top Canadian bitcoin exchange Cavirtex is expected to resume trading following its acquisition by New York platform Coinsetter. The news comes after Cavirtex announced it was planning to shut down operations in March following a breach that compromised security information including password hashes the previous month. Jaron Lukasiewicz, now CEO of both Coinsetter and Cavirtex, said measures had been taken to remove the possibility of an event like this happening again. He added: "No customers have been financially affected by a compromise ... We feel strongly about our ability to protect....
New York based global Bitcoin exchange Coinsetter recently assumed the possession of CAVIRTEX, another Bitcoin exchange from Toronto that ceased business operations earlier this year. The acquisition marked one of the first major consolidationa between two big companies in the ever-growing digital currency space. It particularly came as good news for CAVIRTEX customers who will now be able to resume their trading operations on one of the most reliable Bitcoin exchanges Canada has ever seen. Coinsetter's New Role in Canadian Bitcoin Market. The details of the deal between Coinsetter and....
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....
Bitcoin exchange Kraken has announced it has purchased Coinsetter in what amounts to one of the larger mergers of notable brands in the bitcoin ecosystem. As a result of the undisclosed deal, Kraken’s exchange will now be available in 37 US states as well as all 10 Canadian provinces. Coinsetter had previously acquired Canadian bitcoin exchange CAVirtex in April, months after it would close citing security concerns. The sale of New York-based Coinsetter, rumored for months, follows an influx of new and well-capitalized entrants in the US bitcoin exchange market, which has seen startups....
In a significant announcement today, the largest ever deal of its kind in the Bitcoin industry saw leading European bitcoin exchange Kraken acquire bitcoin exchanges Coinsetter and CaVirtEx. In a statement today, Kraken announced it is acquiring New York-based exchange Coinsetter and Canada’s first bitcoin exchange CaVirtEx. The world’s largest bitcoin exchange will fully absorb both exchanges to expand its scope with “an immediate and significant expansion into the North American market,” the statement read. The undisclosed deal will see Kraken enter the United States with its exchange....