TagBritish Columbia

Court Authorizes Cryptocurrency Firm to Reclaim 530 ETH Sent to Wrong Address

bitcoin cash lawsuit coinbase

The Supreme Court of British Columbia has issued a major ruling in a case stemming from a dispute over ethereum (ETH) tokens mistakenly sent to an initial coin offering (ICO) investor, and it could have implications for cryptocurrency users or exchanges outside of the litigants involved in the case. The ruling, which was issued by Justice Ronald A. Skolrood on Sept. 12, authorized Singapore-based...

Canadian Executive Accused of Stealing over US$5 Million in Cryptocurrency

Bitcoin Theft

A senior executive at a Vancouver, British Columbia-based marketing firm allegedly preyed on the ignorance of his employer regarding cryptocurrencies to take off with digital assets worth millions of dollars. In a lawsuit filed by Shair.Com Global Digital Services, the marketing firm accused Jason Arnold, its former chief operating officer, of stealing up to US$5.3 million and then claiming it...

Canadian Police Seize $1.8 Million in Bitcoin From Alleged Silk Road Drug Dealer

bitcoin drugs dark web cryptocurrency crypto

The Canadian province of British Columbia is seeking to set a precedent in cryptocurrency-related law enforcement by laying claim to $1.8 million worth of bitcoin, which it seized from a convicted drug dealer who allegedly operated under the pseudonym “ MarijuanaIsMyMuse” on the infamous dark web platform Silk Road. The Vancouver Star reports that the unnamed man was arrested in 2015 after a...

IBM Urges British Columbia to Track Legal Marijuana on a Blockchain

IBM Blockchain Cannabis Canada British Columbia

Technology giant IBM has advised the British Columbia (B.C.) government to use blockchain technology to track the entire supply chain of legal marijuana. As Canada prepares for the legalization of recreational, non-medical cannabis next year, US technology giant IBM has urged the B.C. government to adopt blockchain technology to track the marijuana supply chain, from seed to sale. In its...