Canadian Bitcoin Exchange CoinTrader Shuts Down
Canadian bitcoin exchange CoinTrader has shut down its operations. By the look of things, there is no indication that the exchange will resurface at a later time, either. CoinTrader, a Canadian bitcoin exchange that – in addition to its exchange platform – also has BTM ATM machines in London and Tokyo, along with point-of-sale systems called CoinZero has “closed its doors” with immediate effect. The home-page of the website simply reads: CoinTrader.net has closed its doors effective immediately. Customers with balances will be contacted by email, mail or telephone to settle your account.....
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Newnote Financial, which is publicly traded (CSE: NEU. OTCQB: NWWTF. FSE: 1W4) on three international stock exchanges on two continents, has acquired Canadian Bitcoin exchange CoinTrader.net. In addition to its trading platform, CoinTrader has Bitcoin ATM machines in London and Tokyo, as well as a point-of-sale system called CoinZero. The deal was made for 1.5 million Canadian dollars in cash and stock, and was confirmed for CCN on Thursday morning. Also read: AllCrypt.com Bitcoin Exchange Goes Down. Founded almost two years ago by Vancouver group Bitcoiniacs, CoinTrader.net is the....
Bank of Montreal, the fourth-largest bank in Canada, has closed all Cointrader customer and corporate accounts, the Vancouver-based exchange revealed via blog post on 17th February. Most notably, Cointrader suggested that the decision is part of a broader move by Bank of Montreal to sever ties with all of the virtual currency businesses it serves. Cointrader CTO and co-founder Paul Szczesny said such a move would have a larger impact on the country's burgeoning bitcoin ecosystem, and blamed recent warnings from the Canadian government for the bank's decision. Said Szczesny: "It's a drastic....
Canada-based bitcoin exchange Cointrader announced earlier this week that it was shutting down following what it claimed was a debilitating hack. According to a notice posted to the service's website, the exchange has “closed its doors effective immediately”. Unconfirmed emails sent to users and shared on social media claim that an internal audit showed “a deficiency of bitcoin” in company wallets that was causing a delay in withdrawals. The email explained: “This issue is currently under investigation and it is our intention to have the balance of your account settled as soon as possible.....
Since the beginning of the year, two of the major Canadian exchanges have shut down their operations bringing up difficult times for Canadian Bitcoiners. This has reduced the ability for Canadian bitcoin enthusiasts to easily buy and sell the digital currency. But not everything is bad news, as some regulatory pressure is on exchanges such as QuadrigaCX, Cointrader and Coinsquare.io working hard to improve their services. Coinsquare.io already opened a CAD order book on their exchange platform some time ago and now the Canadian exchange announce a new partnership with INTERAC®, one of the....
Bitcoin and cryptocurrency software products company Newnote Financial Corp has announced that Canadian fiat settlement is now possible on online cryptocurrency marketplace Coinpayments.com using its Cointrader.net Bitcoin exchange. Newnote has a 20% equity stake in Coinpayments.com. The integration makes it possible for over 13,000 Coinpayments merchants to sell their Bitcoin on Cointrader.net and receive the amount in fiat cash via an electronic transfer or direct ACH transfer to their bank accounts. Merchants can accept 55 different cryptocurrencies using one of the 25 popular shopping....