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Calgary police seek help in bitcoin fraud; Australia suspends two

As part of our regular weekly roundup, Coinsquare News covers the week’s notable international cryptocurrency and blockchain headlines. In this edition, we look at the news involving the local Canadian police, the suspension of two crypto exchanges by Australian regulators and much more.

Calgary police seek help in investigating bitcoin-related crimes

In local news this week, the Calgary Police Service (CPS) released a press release listing public assistance in identifying the four wanted men. According to the release, four suspects have been charged with bitcoin fraud.

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The CPS Cyber ​​Crime Team has released details of 112 fraudulent Bitcoin kiosks across seven Canadian cities. The locations in question are Toronto, Montreal, Ottawa, Hamilton, Winnipeg, Sherwood Park and Calgary.

Police believe the suspects were deliberately involved in an exploitation known as double the cost of stealing digital assets worth $ 195,000 CAD from bitcoin kiosk operators. Now, the Calgary Police Service is urging individuals who have information about the identities of these suspects to contact them, regardless of their jurisdiction.

Australian authorities have suspended two exchanges for drug-related offenses

While police in Canada are searching for suspects in bitcoin fraud, Australian authorities are cracking down on cryptocurrency exchanges for alleged links to criminal activity.

The Australian Transaction Reports and Analysis Center (AUSTRAC) recently suspended two cryptocurrency exchanges for drug trafficking offenses.

In late 2017, a law was introduced in Australia that allowed AUSTRAC to monitor cryptocurrency exchanges. According to Reuters, this marks the first time that AUSTRAC has used its newly acquired authority to suspend a cryptocurrency exchange.

A joint statement between Astrak and the Australian Federal Police (AFP) further claimed that a 27-year-old man accused of trafficking and possessing about 30 kg of drugs such as cocaine was accused of being a key member of the now-suspended exchange.

U.S. authorities take action against alleged OneCoin pyramid scheme

Reuters recently reported criminal charges against suspected cryptocurrency leaders who are accused of operating as a large-scale pyramid scheme.

U.S. prosecutors believe that OneCoin, a cryptocurrency founded by Konstantin Ignatov and Ruza Ignatova, is deceiving investors behind a high-return and low-risk investment platform.

In addition, prosecutors have claimed that 1.2 billion was laundered through at least 21 countries as part of the investigation.

“[The defendants] Has created a multibillion-dollar cryptocurrency company based on lies and deception, “said U.S. Attorney Geoffrey Berman in a statement. “Investors became victims while defendants became rich.”

The founding couple have been charged with multiple felony criminal mischiefs, including wire fraud, as the case goes to U.S. District Court for the Southern District of New York.

A startup in Vietnam wants users to pay crypto for their data

Nikkei reported earlier today that a Vietnam travel startup is trying to gain a competitive edge over its peers by allowing customers to trade their personal data in exchange for cryptocurrency rewards.

The Singapore-based startup Trip is interested in buying information from customers about upcoming travel plans, and is willing to pay for this information in the form of a cryptocurrency called TriipMiles, the report said.

Depending on the startup, TriipMiles can be used to reduce the cost of booking and services. This data will then be sold to third parties, such as restaurants and hotels, for targeted advertising purposes.

“Many businesses are paying Google and Facebook a lot for your data to advertise and they don’t [money] I’m coming back to you, “said Hi Ho, CEO of Trip. “We want to change that. If a business gives us $ 10, I keep $ 5 and I give you 5. I think it’s fair.”

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Switzerland approves speed for crypto control; In favor of the Israeli court

As part of our regular weekly roundup, Coinsquare News covers the week’s notable international cryptocurrency and blockchain headlines. In this edition, we look at Switzerland’s activities on cryptocurrency regulation, margin trading in Japan, and more.

Switzerland approves request for cryptocurrency regulation

This week, the Swiss Federal Assembly approved a resolution calling on the Federal Council to regulate cryptocurrency. The Swiss Federal Assembly is the governing body of the Swiss government. Properly managed, the move could be another example of ingenuity in the country’s growing blockchain scenario.

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As reported by The Next Web, the approval of this proposal means that the Federal Council of Switzerland will now be responsible for adopting the judicial and administrative provisions that can be applied to cryptocurrency.

“It should clarify how the risks can be contained and whether those responsible for cryptocurrency trading platforms should be equated with financial intermediaries and should be the subject of financial market oversight,” Motion said, according to a translation.

Israeli court side with Bitcoin mining firm

In news outside Israel, the Tel Aviv district court has ruled in a case where a bitcoin mining firm closed its bank account due to an alleged policy violation and concerns about money laundering risks.

According to local Israeli media reports (Note: Link in Hebrew), Court rules in favor of bitcoin mining firm Israminers. Earlier, the Israelis had a problem with the Union Bank of Israel (Bank Egood), which began blocking deposits, claiming it violated bank policies. The policy prohibits the opening of an account for the purpose of engaging in cryptocurrency-related activities, the report said.

After taking legal action against Israminers Bank, the trial judge finally ruled in favor of the mining firm. Judge Lemore BB determined that Bank Igud’s policy is too broad and ultimately unreasonable, as it does not differentiate between different types of cryptocurrency activity. The ruling clarifies that banks have the right to reject deposits arising from cryptocurrency trades, but in this particular case the mining firm is being treated unfairly.

Japan has stopped trading margin cryptocurrencies

According to the Nikkei Asian Review, Japanese authorities are shutting down margin trading. The outlet reported this week that the country’s officials are expanding the current guidelines that govern the country’s cryptocurrency trading activities.

From April 2020, applicable cryptocurrency exchange operators must register within 18 months. Under the new rules, it will apply to any and all cryptocurrency exchanges in Japan that conduct margin trading.

This clamp down is the result of a recently-approved draft amendment to the Financial Materials and Payment Services Act in Japan. These laws cap the cryptocurrency margin trading leverage, and the mirror standards imposed on foreign exchange transactions in the country, the report said.

UAE entities host joint forums on fintech and cryptocurrencies

The UAE’s official news agency, the Emirates News Agency (WAM), recently covered an event aimed at tackling the “increasingly complex digital environment.”

The UAE’s financial leaders came together to host a forum designed to bring together industry experts. The goal was to address industry barriers and discuss how trends such as digital resources are shaping the global financial services sector.

The event was hosted by UAE Banks Federation, UBF and Abu Dhabi Global Market (ADGM). From machine learning to how financial transactions can affect surveillance, regulatory approaches to the emerging world of cryptocurrencies are discussed.

Abdul Aziz Al-Ghurair, chairman of the UAE Banks Federation, said: “We strongly believe in the importance of cooperation to facilitate this transition and ensure that it happens smoothly and successfully.” “It simply came to our notice then [financial technology] As with cryptocurrencies and other crypto resources, it is imperative that we develop structures and regulations that govern these technologies and developments. “

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A city in Ontario allows pilots to allow residents to pay property taxes with crypto.

As part of our regular weekly roundup, Coinsquare News covers the week’s notable international cryptocurrency and blockchain headlines. In this edition, we see local crypto news from Canada, the Swiss authorities having problems with $ 121 million CAD ICO and much more.

A city in Ontario has just voted for a cryptocurrency pilot project

In local news this week, the city of Enisfield, Ontario, voted in favor of a year-long cryptocurrency pilot project. The project, which is the result of a partnership with a Toronto-based company, will enable residents to pay property taxes using digital assets.

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CBC reports that from next month, Innisfil residents will have the option to pay their property taxes using a cryptocurrency wallet operated by Coinberry Pay. From there, the funds will reportedly be converted into fiat currency.

Currently, the move is part of a one-year trial that will allow Bitcoin to pay taxes. Going forward, however, residents may have the option to pay their taxes with other digital assets such as Ripple, Ethereum, Litecoin, and Bitcoin Cash.

Lynn Dulin served as mayor of a small Ontario town with a population of about 36,000. He called this new pilot to prove that the city of Enisphile is innovative and ready for the future.

Swiss authorities say $ 121 million CAD ICO is illegal

In news about Switzerland this week, Reuters reported that Switzerland’s financial watchdog had found inaccuracies in the steps taken by a large initial currency offering (ICO) conducted in the country.

The ICO in question was managed by Envion AG The Swiss Financial Market Supervisory Authority (FINMA) said the defunct firm had received 90 million Swiss francs (more than $ 121 million CAD) without a license, the report said.

About 37,000 investors participated in the multimillion-dollar ICO in exchange for “bond-like” tokens. Among other violations, FINMA claims that the conditions surrounding the ICO were not the same for all investors, and that the firm did not support its legal requirement to hire an internal auditor.

New Collaboration Beauty Vietnam to establish an authorized crypto exchange

According to a recent press release, a blockchain firm and Vietnam’s largest distribution company have entered into an agreement to establish the country’s first approved cryptocurrency exchange.

Historically, the legitimacy surrounding cryptocurrencies has been somewhat complicated in Vietnam. While it is legal to transact and hold digital assets such as bitcoin in the country, the State Bank of Vietnam previously made it illegal to use cryptocurrency as a payment method.

Now, in collaboration with KRONN Ventures AG, a blockchain company based in Switzerland, and Linh Thanh Group, a Vietnamese distribution company, the country is reportedly ready to establish a licensed cryptocurrency exchange.

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Regulations are sharpened in the United States, the EU and Malta.

As part of our weekly international roundup, Coinsquare News has covered the week’s notable cryptocurrency and blockchain headlines. In this edition, we look at the recent letter from the SEC promising not to take action against the unregulated ICO of Turnkey Jets, the introduction of blockchain-centric associations in the EU, and much more.

The SEC’s “No Action Letter” can serve as a framework for crypto startups

This week, the U.S. Securities and Exchange Commission broke new ground when it issued a letter stating it would not take action against a startup that used digital assets to secure funds.

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The “No Action Letter” was given to Turnkey Jets, a company that leases private jets in the United States. As Bloomberg reports, this means that as long as the company complies with certain conditions, it will not receive any action from the SEC for its Uncontrolled Initial Currency Offer (ICO).

In the past, we have seen the SEC express its opinion after a long debate that Ether (ETH) is not a security. This means that the actual sale of Ether in 2014 will not be verified under the strict regulatory requirements imposed on securities offers. However, this is the first time the commission has explicitly issued such a letter. As a result of this development, the way Turnkey Jets handled its ICO could theoretically serve as a framework for other startups to move forward.

EU establishes an “International Association of Trusted Blockchain Applications”

On April 3, the European Commission announced the official launch of the International Organization of Trusted Blockchain Applications (INATBA). According to a media release, INATBA aims to support efforts for blockchain technology to become “mainstream and scale-up across multiple sectors”.

To do this, INATBA will list various industry experts, startups, initiatives, policy makers, international organizations and regulators.

During INATBA’s launch event, Maria Gabriel, commissioner of the digital economy and society, is said to have praised the potential of blockchain technology to overcome the need for trust in collaborative systems.

“In today’s economy, there is less and less time to build trust as there was in the past,” he said, according to Finance Magnets. “We need to be able to fight cancer, balance renewable energy, find product authenticity, trust each other without having to face actors. And how can we achieve this? Of course, with the help of blockchain.”

Malta has completed “important milestones” by approving 14 crypto agents

Despite being a small island with a population of less than half a million, Malta is often mentioned in our international roundups. Thanks to the innovative approach adopted by the Maltese leaders in the field of blockchain technology, the nation is moving towards becoming a “blockchain island”.

This week, the Malta Financial Services Authority (MFSA) issued policy approvals for 14 cryptocurrency agents. According to an official release, these agents will be the first level of defense against the misuse of digital resources.

According to local media, about 250 lawyers, accountants and auditors initially applied for the certificate, but most failed in the official evaluation process. The 14 conditionally approved individuals were selected from a set of 28 qualified agents, which officials called a “significant milestone” in cryptocurrency control.

“We’ve been active since November 2017, when we embarked on a regulatory journey towards cryptocurrencies,” said Chris Boutigig, MFSA’s head of securities and market oversight. “Today, we have a complete framework that covers all important areas of risk, related to risk for consumers, market integrity, financial crime and cyber-security.

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A simple guide on how to buy and sell XLM • Coinsquare News

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What is Stellar?

Stellar is a blockchain based platform released in 2014. The Stellar network facilitates worldwide cross-asset transfer and transacts very quickly. The native currency of the Stellar network is called lumens (XLM). The lumen is part of a new wave of cryptocurrency deviating from the ripple code. However, Lumens has become its own unique asset over the years.

How does stellar work?

Like Bitcoin and other networks, Stellar is a decentralized network using blockchain technology. The information is distributed between interconnected nodes in the Stellar network – instead of being collected in a centralized source.

However, there are several factors that distinguish Stellar lumen from other networks. For example, lumens cannot be mined because coins already exist in the network. However, an additional 1% is distributed among certain currency holders each year. This is because other cryptocurrencies use Proof of Work (PoW) to reach consensus where Stellar does not.

The Stellar team has noticed errors in operating a closed system. Thus, they designed their original invention – the Stellar Consensus Protocol (SCP) to replicate an open network to reach consensus. Basically, anyone can manage a node and be a validator. As a result, the Stellar network is becoming more powerful and decentralized.

How do I buy and store stellar lumens?

1. Fund your account

The first step in starting active trading is to pay CAD in your Coinsquare account. Coinsquare offers multiple ways to fund your account for free For example, you are able to fund your account using Flexpin, Credit Card, Intrac e-Transfer, Money Order, Bank Draft and Wire Transfer. Each method has a different processing time and requires a minimum and maximum amount of funds to be credited to your account.

2. Trade CAD for XLM

After successfully financing your Cinsquare account with CAD, you can now purchase any assets offered on the Coinsquare platform using our QuickTrade feature. Coinsquare has a simple interface and user-friendly features that make it easy for consumers to follow. To trade CAD for XLM, just fill in the CAD in the “Trade” section, the number you want to trade, and the XLM in the “For” section. After you enter the correct information, click “Get a quote” to get the exact price you are trading CAD for XLM. Once you’re happy with your quote, click “Trade This” to complete the process.

3. Store XLM in your digital wallet

After buying Stellar lumens, you need to save them! Like a real wallet that is used to store your cash safely – you will store your digital currency in your digital wallet to keep it safe. Fortunately, Coinsquare provides a web-based wallet to secure your funds when you purchase assets on our platform. However, you have the option to withdraw your assets from Coinsquare’s web-based wallet and transfer them to another digital wallet service or application of your choice.

How do I sell XLM to redeem CAD?

1. Fund your account with XLM

The first step in successfully selling XLM for CAD is to transfer money directly to your Coinsquare account with XLM from another digital wallet or application of your choice. The process is quite simple, as shown in the picture below – you must copy the XLM address and the XLM memo and paste them into the digital wallet from which you will transfer funds. The inclusion of memos is very important as it enables Coinsquare to identify which accounts should be credited. Similarly, the user can scan the QR code directly – but keep in mind that the XLM memo must be input manually, as scanning the QR code will only reveal the XLM address.

: If you want to know the type of memo from the wallet you are depositing, don’t worry – the type of memo doesn’t matter.

2. Trade XLM with CAD

After successfully financing your Coinsquare account with XLM, you can now trade XLM for CAD. We discussed earlier how to trade CAD for XLM, with this information in mind – the process is only slightly different. In detail, simply input XLM in the “Trade” section, the amount you want to trade, and input CAD in the “For” section. The rest of the process is the same – click “Get a quote” to get the exact price you would trade XLM for CAD. Once you are satisfied with your quote, click “Trade This” to complete the process.

3. Withdraw CAD to your bank account

After you have completed XLM trading for CAD, the last step to successfully redeeming CAD is to withdraw the CAD and transfer it to your bank account. Coinsquare offers a variety of withdrawal methods, such as direct bank deposits, wire transfers, wealth wire and paid wire. It is important to note that each withdrawal procedure requires a separate minimum and maximum withdrawal amount, and the withdrawal fee is subject to change depending on the amount being withdrawn. Additionally, each withdrawal method has a range of 1-9 days for processing – in addition to the rashed wire withdrawal method which only takes 1 day for processing.

Additionally, after you select your preferred withdrawal method, the next step is to add your bank account. Coinsquare allows users to add multiple bank accounts. In order to successfully add your bank account to our platform, you need the basic information of Coinsquare just like you need a direct deposit form.

Equally important, the next step is to input the number you want to withdraw from your account and click “Request withdrawal” when you’re done. Finally, the last step to ensure your funds go to the right place is to verify email confirmation.

For more information on funding, verification, withdrawal, and more – please visit our FAQ page:

How to mine bitcoin • Coinscare News

Introduction to Bitcoin Mining

In the mid-19th century California gold miners were called “forty-nine-eyed” after 1849, but this crowd was actually widespread from 1848-1853; It took four and a half crore people five years to flood the state in search of “free resources”. Satoshi Nakamoto published the first white paper on cryptocurrency in 2008 and Bitcoin was launched in 2009. Today, in 2019, there are at least one million bitcoin miners worldwide. A single bitcoin (or “1 BTC”) costs about $ 10,000, a few hundred dollars a day or so, and about 1,800 new bitcoins are mined every day, which means 18 18,000,000 is being ‘created’ every day.

Ten years is not bad. No wonder everyone wants to learn how to mine bitcoin.

A brief history on money

Cryptocurrency is mathematics that can be used as money.

Meaning, basically, debt accounting; You owe it to someone for a good or service, and paying them off removes that debt. Banks are huge ledgers, accounting for every transaction – when you pay for your coffee, this “ledger” sees you lose $ 2 and the coffee shop gains 2.

Paper dollar bills do not record these specific transactions – who lost and who gained $ 2 – but they serve as proof of a transaction at some point. In Fiat currency, a state is the final arbitrator or holder of all debts – and that Mint, Or makes, currency in the first place. They calculate how much currency they have taken out, and now estimate how much there is; The only street bump is that they don’t know every transaction.

In cryptocurrency, no person or entity controls the central laser, because this “laser” is effectively present in every computer connected to that currency network; Everyone has it. Since each unit of cryptocurrency is made up of mathematics, unlike physical objects such as paper or gold, this mathematics effectively records every transaction.

So where does it come from?

Fiat coins are “made” (or rather, Mint) Are calculated by the state, and by banks, but these currencies are often made directly or indirectly from precious metals which To dig From Earth – That’s why so many people were flooded in California in the mid-19th century. Mining is a step between mining and currency.

Cryptocurrency cuts that middle ground; Bitcoin is “minted” and made From BTC Mining.

If Bitcoin is commercialized math, then mining is the process of solving all its equations. A simple, yet accurate, humorous explanation is, “Imagine if you could solve puzzles, then use those solved puzzles as money”. Bitcoin is this, but on a much larger and more complex scale in terms of astronomy; Bitcoin mining is both a puzzle-solving process, And Other verification processes solve puzzles.

That being said, this “puzzle” (called “block” in BTC mining) is working on a very complex scale. BTC Mining is basically 115,792,090,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 times possible. This takes some pretty heavy computing power.

How to mine bitcoin

Despite a lot of gossip about bitcoin mining Software, It’s really a matter of hardware; Software is the most accessible way to access this hardware.

The “win” or the solution – and the pay for it – is a combination of counting power and some luck. If you do this, you can get about 12.5 bitcoins, although starting in 2020, it will be 6.25. The amount of bitcoin you get for solving one block for every 210,000 blocks – roughly every four years, because blocks become more complex overtime. This will continue until 21 million bitcoins are mined, creating a cap on the system. Currently only 3.17 million bitcoins remain to be mined.

How to mine bitcoin in hard (wire) way

You can buy two types of “miners”: application-specific integrated circuit (ASIC) or graphics-processing unit (GPU). Not only are they expensive to buy, they also consume a lot of electricity and require a strong network connection. This is why mining calculators exist – these are the various apps and sites where you can input details of your minors, your power costs, and your network costs, to figure out how much profit (if any, even).

This is usually quite low, and nowadays, digging with your own hardware is only recommended for people who already have a lot of hardware and a great network in their hands and don’t have to go out of their way to get them.

That just leaves.

How to mine bitcoin with bitcoin mining software

At 12.5 BTC per block, while Bitcoin is worth $ 10,000 each, every time you compete with other miners to “guess the exact number”, it’s লাই 1,250,000 on the line. It takes much more computer power than most people can afford.

For example, the most common way to enter BTC mining is to join a group of miners and “rent” mining equipment – mainly known as cloud mining.

The biggest advantage is that when you cloud Mine Bitcoin there are much less barriers to entry. The largest disThe advantage is that instead of getting the prize yourself, you are sharing those bitcoins with other people and usually many of them. Winning a million dollars doesn’t mean you have to share it with a million people.

Step 1: Choose your wallet

Before you start working for a job, you want to know how to get your salary. By the same token, before you start digging for bitcoins, you should know where to place your Bitcoins once you have earned them.

Online wallets are usually the most convenient and easy to use. These are usually the most effective way to use your Bitcoins to buy products and services, and you will still have Bitcoin even if you lose all your devices. That said, it puts you in the same position as a bank. If the host encounters heavy traffic or DDOS attacks, you may not be able to access your funds, and if they are hacked, you may lose your bitcoins altogether.

Hardware wallet reverse extreme. As a physical object, completely offline, and thus cannot be hacked or otherwise remotely attacked. As long as you have your hardware wallet and a device to access it, you will be able to access your funds. But what you gain in remote security is lost in personal security; If you lose your device or it is physically stolen from you, you will lose your bitcoin.
The middle ground is “Software Wallet” or “Desktop Wallet” (although it can also be a mobile app). These are on your local device, so even if the exchanges are down or attacked, you still have your bitcoin and the only way you can lose it for remote exploitation is if You, Specific individuals, targets and being hacked, which is very unlikely. However, it can still be used to manage transactions and otherwise go online as needed. That said, if you lose your physical device (that is, if someone steals your computer), it is also at risk of damage.

Step 2: Find your cloud

Mining companies are the computing cloud While renting hardware may be considered when joining such a company, it may be another way to see if you Investment.

The amount you invest, or the rate at which you rent, is known as a “mining package” that you choose once you have joined a mining company. You can invest in new technology ahead of time which will be released at a later date. That said, investing in something that doesn’t yet exist is always a heavy risk.

There are many sites where you can find comparisons between companies with user ratings and reviews Be careful with
Reviews – Although they may be insightful, many people specifically try to get new ‘hiring’ with a referral code, which will net a small bonus or profit for the referrer.

Step 3: Choose your pool

A “pool” is basically a group of miners that you choose to join and contribute to your investment or computing power. If you have just started mining Bitcoin, you should start by joining an “older” (or rather more established and vouched) pool and perhaps one with a lower fee. The payoffs are usually lower, but they are also less risky.

When you get the hang of Bitcoin Mining and learn how pools work, you can start moving to other pools that are not established and carry higher risks, but also higher rewards.

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How To Improve Your Coinsquare Account Security

Coinsquare takes client security very seriously and we value client awareness and participation in our security features. Despite the numerous behind-the-scenes security protocols in Coinsquare, our clients can take some additional security measures to keep their accounts secure.

The two most recommended security features that Coinsquare recommends implementing are two-factor authentication (2FA), and a complex password generator. There are additional security measures clients can take, such as making sure their emails are secure or educating themselves about the risks of phishing, but 2FA is the most beneficial extra layer of security for your Coinsquare account.

What is 2FA?

If you’re not sure what 2FA is, you’re not alone. “2FA”, which stands for two-factor authentication, sounds like this: users need to provide two authentication credentials when verifying their identity in order to access an account. Typically, most platforms will only ask for one-factor authentication, usually in the form of a password. Coinsquare strongly recommends that their clients use two things to verify themselves, hence the 2FA security feature.

The most common authentication reasons are passwords or PINs and sometimes ID cards. Some other examples of authentication (commonly used in 2FA systems) include security tokens, biometric factors (such as fingerprints, or face and voice recognition), time factors (such as a restricted login window), or location reasons (such as login restriction) Specific device or IP address). Coinsquare’s second authentication factor (in addition to a secure password) is a security token mentioned above.

Coinsquare offers two types of two-factor authentication: Coinsquare 2FA and Google 2FA. For Coinsquare 2FA you need to scan a QR code using the official Coinsquare mobile app to log in to your account at Google wants to download the 2FA user authentication app, which, once activated for your Coinsquare account, will provide you with a 6-digit code that will be updated every 30 seconds. Using a QR code or 6-digit code in addition to your password, two-factor authentication is achieved for maximum security.

2FA implementation

Setting up and implementing a two-factor authentication for your Coinsquare account is quick and easy.

Coinsquare 2FA

If you want to use Coinsquare 2FA to secure your account, you need to follow some simple steps to implement it. Before you set up Coinsquare 2FA, please make sure you have downloaded the Coinsquare mobile app on your iOS or Android mobile device.

  1. Log in to your Coinsquare account on your mobile device and your desktop browser at
  2. From your desktop browser, yours Account settings Page
  3. Scroll down 2FA authentication And select Coinsquare 2FA
  4. Click Generate key
  5. Open the Coinsquare app on your mobile device and navigate Security Selects page Account> Security
  6. Select Two factor authentication And scan the QR code.

Once you scan the QR code, you are all ready to go with Coinsquare 2FA.

Google 2FA

If you want to use Google 2FA to secure your account, there are a few guidelines to follow to activate it. As mentioned above, Google 2FA requires an authentication app, so make sure you download the Google Authenticator app on your iOS or Android mobile device before you begin.

  1. Log in to your Coinsquare account on your desktop at and view yours Account settings Page
  2. Scroll down 2FA authentication And select Google Authenticator
  3. Click Generate key
  4. Open and select the Authentication app on your mobile device Scan a barcode
  5. Scan the QR code generated on your desktop
  6. Enter the active 6-digit code displayed in the authentication app – remember they are active for 30 seconds
  7. Click Activate the code

Before you choose either method, keep in mind that if Coinsquare 2FA is chosen and enabled in your account, you will not be able to set up Google 2FA, as only one 2FA method can be used per account.

Regardless of which method you choose, applying two-factor authentication to your Coinsquare account will add an extra layer of security and help prevent unauthorized access to your account and assets and hopefully bring you peace of mind!

Using a password generator

Did you know that most hacking-related breaches are caused by weak or stolen passwords? Password security is a big deal, and crucial. Many online platform users are creating more secure password requirements to help increase security on the account they are trying to access. If you wish, you can take this security feature to the next level using the password generator.

A password generator is a tool that automatically generates a password for you, based on the parameters you set for it. Typically, you can set up a minimum length (such as 12 characters) and you can include uppercase letters, lowercase letters, numbers, and symbols. Once your criteria are met, the generator will generate a complex password for you to use, for example: zU @! AL41axdo. If remembering this password seems overwhelming, you can use a password manager (such as LastPass) that will remember your complex passwords and make them available on your other devices.

If you want to create your own password, there are some things you can do to make it more secure. Make sure all your passwords are unique and will not be reused in accounts Do not use any personally identifiable information (such as date of birth, name or address). The longer the password, the better, so make sure it is at least 8 characters long, although 12-14 characters is recommended. Do not use commonly used phrases or weak and explicit words (such as “password” or “12345”).

No matter which password method you choose, remember not to reveal your passwords (for Coinscare or any other account) to anyone and make sure you update and change your password every 3 months. It’s important to remember that Coinsquare will never ask for your password, so if anyone asks for your password, beware of that red flag. In general, be wary of emails or contacts from anyone who pretends to be involved in phishing attempts and Coinsquare, like the one mentioned above. If you are unsure about the security of an email, be sure to contact our support team.

Like so many things in life, it is better to be safe than sorry. At that point, Coinsquare encourages its users to be as careful with their accounts as possible. Password Generator and Password Manager are a great security feature, and a verification feature for any account, especially Coinscare. Most importantly though, Coinsquare’s clients must use a 2FA method (two-factor authentication) via Coinsquare 2FA or Google 2FA. Whichever method you choose, you are helping to increase the security of your Coinsquare account and you are helping to improve common platform security standards across our board.

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Why is Bitcoin on the rise? Acceptance of cryptocurrency in Canada • Coinscare News

Original search:

  • Over the past year, more people in Canada have searched for “Bitcoin” on Google than “Bank” or “Kim Kardashian.”
  • 76% of Canadian participants were familiar with the concept of cryptocurrency. Of these 76% – 97% are already aware of what Bitcoin is.
  • Bitcoin is moving towards awareness MainstreamThe Oxford English Dictionary recently added the word “satoshi”, which is the smallest unit of a bitcoin.

Cryptocurrency has come a long way since its early days as “iCash” in the 1980s. Now, more than 1,000 cryptocurrencies are being used, and ownership and awareness are only growing. Bitcoin, arguably the most widely used cryptocurrency, has grown rapidly since its inception in 2008, especially in Canada. Did you know: In the past year, Canadians have searched for more “Bitcoin” than “Kim Kardashian” or “Bank”. Using data provided by a survey conducted by CorbinPartners between 5 July and 29 October 2018, this article will discuss growing cryptocurrency adoption and growing awareness in Canada. Read the article.

Awareness raising

Introduction to Cryptocurrency in Canada

7% of respondents are familiar with the concept of cryptocurrency. 76% of Canadians, 97% of them already know what Bitcoin is. “

From mid-2018 to late, Corbin partners interviewed 1,226 respondents across Canada in an effort to determine how significant Bitcoin is. Of the 1,226 respondents surveyed, 76% knew what a cryptocurrency was. That means an estimated 930 Canadians – the size of a medium-sized Toronto high school or a rush-hour TTC train – already knew what cryptocurrency was. Of the 930 Canadians who said “yes” to cryptocurrencies, 97% already knew what Bitcoin was. Thus, although the concept of cryptocurrency was unfamiliar, Bitcoin was not a novelty.

Why is Bitcoin on the rise?

If you think about how much the word “Bitcoin” is used in the mainstream media, it is not surprising that 97% of people who know what cryptocurrency is also know what Bitcoin is. Bitcoin is the most widely established currency in Canada and the United States, so it is not far-fetched to suggest that Bitcoin awareness is hampering the mainstream. For example, the word “satoshi” has recently been added to the Oxford English Dictionary, which is the smallest unit of a bitcoin. Another example can be seen in Toronto, where there is a growing network of bitcoin startups and bitcoin ATMs, second only to the United States. The government and Canadian banks are also working hard to increase and strengthen cryptocurrency regulation. If you consider these efforts and all Toronto start-ups, it is clear that Bitcoin is here to stay.

Bitcoin vs. Traditional Currency

“This is one of the survey questions for non-Bitcoin users about the perceived benefits of using Bitcoin over traditional currencies. Of the 686 people who responded, 39% said that global / border usability seems to be the most advantageous quality of Bitcoin. ”

Take a moment to consider why Bitcoin is on the rise and why Bitcoin-related benefits will motivate you to try or buy it. If you consider Bitcoin’s global finality or abstract physicality an asset, you are not alone! Of those surveyed who did not use Bitcoin before, 39% considered global / international use to be a major advantage. Considering the origin of Bitcoin a Digital Currency, makes sense in this. Bitcoin users don’t have to worry about international conversion rates, because digital currency is almost the same from every computer! Bitcoin users also don’t have to worry about hidden fees that are usually associated with shopping in other parts of the world. Imagine, if you find yourself traveling abroad and desperately want that expensive item, you can use your bitcoin for your travel expenses without worrying about conversion rate and cash.

Google Search

Going back to the moment we took to consider the benefits of Bitcoin, you can put enough weight on the abstract physical form of Bitcoin. Among the surveyed participants, 22% said that the lack of a real form of Bitcoin (meaning it is not cash in your wallet, a check book or plastic card) was a perceived advantage of cryptocurrency. This is not surprising, since more and more customers are participating in cashless transactions such as Apple Pay and Google Pay, or electronic money transfers. In addition, most merchants view Bitcoin as a “valuable innovation”, faster, more convenient and more affordable in terms of transactions than debit or credit cards. If a customer pays for a product via Bitcoin, a seller does not have to worry about paying administrative fees to banks when using debit or credit. It seems that from both sides of the transaction, the physical appearance of Bitcoin – or lack thereof – is a big plus.

Bitcoin vs. Kim Kardashian

Over the past year, more people in Canada have searched for “Bitcoin” on Google than “Bank” or “Kim Kardashian.”

If the survey statistics we’ve discussed so far aren’t reliable enough, take a look at the Google search trends captured between November 1st, 2018 and September 1st, 2019. On average, more people are searching for “bitcoin” “Kim Kardashian”, and the man who has more than 150 million followers on Instagram, more than 62 million followers on Twitter and 17 seasons of a reality TV show. With more than three times the population of Canada, a person can be searched through a currency that has only been around for 10 years, so what does this mean for future awareness of Bitcoin? At the very least, the search results indicate that Bitcoin has finally entered the collective consciousness of Canadians and it has become Mainstream.

Bitcoin Market Cap Apple Market Cap Google Market Cap IBM Market Cap JP Morgan Market Cap Canopy Growth Market Cap Shopify Market Cap

To help keep track of cryptocurrency adoption, this graphic compares the market cap of Bitcoin with other disruptive companies. As you can see from the graphic, Bitcoin has already surpassed IBM (a 100 year old company), Shopify and Canopy Growth. It would be significant if Bitcoin could overtake JPMorgan, one of America’s “Big Four” banks, and land behind Google, but it could take some time.

Extended ownership

Acquire Bitcoin for the first time

Have you ever considered owning Bitcoin? If so, what motivates you to buy or at least use Bitcoin? Maybe it will be a mere novelty to use digital currency and throw yourself into the future. Or, it could be because you are looking at investment opportunities and want to expand your portfolio. Whatever it is, there it is Something That intrigues you. Of the survey respondents who owned / used Bitcoin, 39% said that the reason they got Bitcoin for the first time was simply because they wanted to try it. That means approximately 86 people decided to acquire Bitcoin just to see what it was like! It’s a pretty bold decision for such an empirical feeling.

In addition to experienced users, one-third of those who received Bitcoin said they received it for investment purposes. This means that those users have probably done some research on the value of Bitcoin and have been interested in its growth over the last few years. If you are one of the people who have heard of Bitcoin, have you done any research on the investment potential of this currency? Even if you haven’t researched Bitcoin with that goal in mind, the amount of startups in Toronto speaks volumes about the value of owning Bitcoin, not to mention US startups.

Crypto is going mainstream

Awareness about Bitcoin has increased by almost a third in one year, with about 96% of Canadians claiming to have heard of Bitcoin. The establishment of the Blockchain Research Institute in Toronto, aimed at expanding the blockchain-based economy globally, is further evidence of the growing recognition of the value of Bitcoin and the importance of investing in this currency. With increasing security measures, regulations and popularity, cryptocurrency adoption in Canada seems to be growing steadily. If you’re not convinced by the survey data, let Google’s trends sound louder: Bitcoin is being searched more frequently than Kim Kardashian, a person with more followers than the entire Russian population. If you are one of the first people to hear about Bitcoin but have never used it, are you thinking of trying it now? You are probably not alone.

Formulas and methods: All data cited comes from a public source or from a survey conducted by CorbinPartners between July 5th and October 29th, 2018. Corbin Partners interviewed 1,226 eligible respondents across Canada, employing field services from Canada Viewpoint Inc. A well-known data collection provider and member of numerous market research industry associations

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How to Avoid Cryptocurrency Scams য়ে Coinscore News

With technology, scammers are evolving at an alarming rate. People have been scandalizing each other till 200 AD! Scams are becoming more technical, but MO is still the same: scammers want what you have.

In the world of cryptocurrency, it’s important to know what recent scams are and how to protect yourself. Cryptocurrency can be complex and confusing for new users – all of which make them an ideal target for scammers. This article will show you current, major cryptocurrency scams – and provide tips on what to look for and how to avoid them. Above all, awareness is the best way to protect yourself.


Incognito, also known as ‘excuses’, is a scam where the attacker will present himself as someone else in order to obtain personal / sensitive information from the victim. Unfortunately, this happens All the time. The elderly are clearly targeted. The success of a disguised scam usually depends on the attacker’s ability to build trust with the victim. Thus, disguising can usually be a bit longer than a phishing attack. Many attempts at disguise scams have been further improved through the use of new technology.

For example, you may have a scammer disguised as an external IT services technician / operator who will ask for information from internal IT staff, which may allow access to their organization. In addition, you may find people disguised as a company on social media platforms where they are trying to provide you with personal information or follow misleading / dangerous links. To protect yourself, verify the identity of the person and do your research on the practice of the company.

Red flags:

  • The scammer will try and take the victim to perform an action
  • The scammer will use a sense of significance to get an immediate response
  • Scammers will entice you with promotional offers that are too good to be true on social media

Romance scam

Romance scams are when criminals express their false romantic intentions to the victim in order to take advantage of their trust to access their bank account, cash or credit card.

For example, scammers will create a fake profile on a dating website and start building trust with their target. Once trust is established, they will seek financial assistance. Most likely, the scammer will claim there is a medical emergency, their bank account has been frozen or there is something urgent where they need immediate financial assistance.

Red flags:

  • Scammers communicate with their targets online and avoid personal interaction
  • The scammer provides inconsistent details about his life
  • Scammers claim that life-and-death treatments are urgent or urgent where they need immediate financial assistance.
  • Scammers will ask you to pay by money, gift card or prepaid card so that they can get cash immediately while anonymous
  • The scammer reveals a misleading story about why they need financial help and avoids answering any further questions.

Phishing scam

Phishing is the most common scam out there, and it uses a technique called “social engineering” to steal your resources from you. Social engineering means that the scammer will use social media, instant messaging, SMS or email and instruct people to follow a compromised URL to provide personal / sensitive information such as usernames, passwords, personal keys or credit card details.

For example, you will receive an unsolicited email that looks like it came from a corporation like your bank or crypto exchange. This email will take you to a fake website and ask you to enter your account details. It provides scammers with everything they need to log in to your real account.

Red flags:

  • Phishing messages usually make them feel urgent
  • Coming from a trusted source – they may have even copied the logo or image to make it look more valid
  • Scammers usually contain very little information, which is intentional so that you can click on an embedded link.
  • If the message is vague, urgent or A little Off-brand, be careful and ignore it
  • The message is designed to be interesting and stimulate your curiosity


Whale is a form of fishing, but on a larger scale (hence the term whale). Whale uses the same MO as fishing – social engineering for sensitive / confidential information – but it focuses on information relevant to commercial and macroeconomic resources. In whale hunting scandals, the target of the attack is usually a “relevant” executive from a private business or government agency – think again “big fish”. Some whales have red flags, which look like fishing but are a little more specific.

Red flags:

  • Whale hunters will use a scam email designed to look like a critical business email sent from a legitimate source like other executives
  • An underlying urgency and a slightly vague message
  • A fake company-wide concern that seeks action from one or more executives to collect high-level confidential information
  • Email requests for funds or information that are not usually transferred via email

Fake wallet and exchange

Counterfeit wallets are scams that entice victims to exchange fake bitcoins. These fake wallet scams usually present a promotional offer, or have a “representative” who pressures the victim to create an account and / or deposit bitcoin into the account (wallet). There can be a bonus or incentive for those who want to save a lot. If you are going to download a wallet app, don’t forget to do your research Very thoroughly, Since fake apps have been found in reputable app stores like Google Play. Once downloaded, these fake wallets can be used to access almost all of your personal account information.

For example, a company might claim to trade / manage your funds for you to get the best results for your portfolio. To do this, they will need access to your account Once they gain access to your account, they have complete control over your funds.

Red flags:

  • If the scammer asks you to take control of your account, you can trade / manage your funds for you.
  • Scammers can lure you with promotional offers that are too good to be true

SIM swap scam

SIM swap scams are a new type of fraud, and the way they sound: attackers will swap your SIM (Subscriber Identity Module) through your cellphone provider to access your phone and personal information. In this scam, the scammer will either charge a very high fee, make it impossible for the victim (s) to raise any funds, and / or completely steal the victim’s money.

For example, an attacker will gain your name and phone number in some secret, fraudulent way. Then, they will disguise you and request a new SIM card in your name through your cellphone provider. Once the scammer has a new SIM card, they will have access to all the services linked to your phone (such as online banking, crypto wallet, email, photo, call, text, etc.).

Red flags:

  • Your phone connection may stop working, you will no longer receive calls or text messages and will not be able to make a call
  • Unknown or strange activity in any application on your phone (for example, your bank account)

The best way to protect yourself? Enable a password for any online carrier interaction and make sure it’s unique. Also, don’t reveal your phone number on social media, and generally limit the amount of personal information you share (such as birthdays, elementary school) – this will make it harder for scammers to disguise you.

How to protect your crypto

Now that you know about the basic crypto scams, here are some tips you can use to protect yourself and your cryptocurrency.

  • Enable 2FA for all your accounts for an extra level of security
  • Use a password generator for possible strong passwords.
  • Never allow third parties to access your personal account.
  • Always Thoroughly Do research before depositing your assets in any organization.
  • Avoid keeping your personal information on social media – even the most mundane information can be used to deceive you.
  • Always verify the person or organization sending you the email or message.
  • Keep a “kill switch” so that, if you compromise, you can remotely delete all your data and lock your phone remotely.
  • Read emails carefully: If the logo, text, or URLs look a bit off, they’re probably fake.
  • Don’t be afraid to request verification information – if your contact person is from a reputable, secure organization, they will comply.

It may seem like a lot of information about who is scamming, and what to look for, but it’s important to know. If you know the risks and are aware of what is there, you will be better prepared to avoid scams altogether. If you know the risks, you’ll be more aware of organizations and firms that have really good security measures in place. Coinsquare, for example, is one of the few firms worldwide to have successfully completed an independent third-party review of its compliance program. Look for companies like Coinsquare, which have top-level security protocols to avoid scams altogether. Most importantly, take care of yourself and research – sure, time is precious, but above all, so is your resource.

Buy digital currency at Coinsquare

Coinsquare involves Canadian regulators • Coinsquare News

Coinsquare sets industry standards for online platforms involving Canadian regulators that offer trading on cryptocurrencies and related financial services. On March 10, 2020, along with four other Canadian-based platforms, we responded to the Canadian Securities Administrators (CSA) Staff Notice 21-327 of the Securities Act Enforcement Guidelines for Entities Providing Crypto Assets Trading Facilities.

The staff notice determines the position of CSA employees that a platform that does not immediately deliver cryptocettes purchased on the platform to its customers is probably dealing with securities or derivatives. In our view, this explanation represents a significant departure from previous notices by CSA staff on cryptocurrencies. Coinsquare hoped that, based on the CSA’s advisory paper published in March 2019, the platforms would be regulated under a new legal framework that would bridge the gap between cryptocurrencies and securities and derivatives, while still protecting investors. At a time of rapid change in our industry where international competition is intense, and if Canada wants to be a leader, Canadian platforms need to work closely with regulators.

As Timothy Lane, deputy governor of the Bank of Canada, acknowledged in a recent speech, “innovation, competition and consumer choice are good, and … disruption is not the enemy.” Mr. In the same speech, Lane acknowledged that cryptocurrency requires “a global effort to understand the broader impact and to ensure that the regulatory framework is appropriate for the purpose”.

For more information, please read our letter: Canadian Platform Group’s letter to CSA 21-327 March 10, 2020 Staff Notice. If you are interested in participating in this initiative, please contact our legal advice.