Canada’s British Columbia Bans New Bitcoin, Crypto Mining Operations

Mainstream media has caught on to the ways in which blockchain might revolutionize business processes. This extends to the way in which local municipalities manage land titles. One startup looking to solve the problem, UBITQUITY, recently joined the University of British Columbia blockchain research collaboration for blockchain and property recording. “Our team had the pleasure of meeting Victoria Lemieux (Associate Professor, Archival Science, iSchool, University of British Columbia – formerly with The World Bank) at a World Bank event last March, and since then we’ve been working with....

Interview with Willson Cross, UBC Bitcoin Club Founder. Earlier this week, CoinTelegraph reported on the founding of a Bitcoin Club at the University of British Columbia. UBC is based in Vancouver and is the largest university in British Columbia. "Bitcoin doesn’t have necessarily the potential to be just a virtual currency,” says the 21-year-old founder and President Willson Cross, “we also believe it has the potential to be the future of finance." The organization now has 15 members and growing. The newly formed club will first focus on getting the student group UBC Alma Mater Society as....

On June 3, 2015, Vancouver, British Columbia, will host “Digital Finance 2015,” Canada’s first fintech and banking innovation conference, at the Vancouver Club on West Hastings in the city’s trendy West End.Digital Finance 2015 will feature two keynote speakers: Peter Vander Auwera, co-founder of Innotribe innovation will talk about Innovation in banking: from tactics to strategy. Sam Maule, emerging payments expert with Carlisle & Gallagher, and one of the top innovation influencers will talk about FinTech's Disruptive Force in Banking.

Many crypto-mining firms are transitioning to renewable sources of energy to help facilitate their operations. There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use of power sources driven primarily by renewable energy.To expound further on the subject, it should be noted that a number of studies, including one that was released recently....

The new crypto mining facility in Sarnia, Ontario is expected to operate at 16 megawatts by the end of this month and will be scaled to operate at 28 MW by May. Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the list of existing Canadian sites currently operating in Drumheller, Alberta and Medicine Hat.Bitfury partnered with Hut 8 Mining, a Toronto Stock Exchange-listed Bitcoin (BTC) mining company, to set up mining operations across North America. The new crypto mining facility in Ontario is....