Gerald Cotten
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Gerald Cotten
Quadriga Fintech Solutions was the owner and operator of QuadrigaCX, which was believed to be Canada's largest cryptocurrency exchange. In 2019 the exchange ceased operations and the company filed for bankruptcy with C$215.7 million in liabilities and about C$28 million in assets. The company's CEO and founder, Gerald William Cotten, allegedly died in 2018 after traveling to India. Up to C$250 million (US$190 million) in cryptocurrency owed to 115,000 customers was missing or could not be accessed because only Cotten held the password to off-line cold wallets. Quadriga likely never invested the funds entrusted to it, according to Chainalysis, a cryptocurrency tracking firm. Either the funds were never received or quickly went missing. "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis. Ernst & Young was appointed as an independent monitor while Quadriga was granted temporary legal protection from its ...
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Michael Patryn
Michael Patryn (born Omar Dhanani) is an internet entrepreneur and convicted felon. He is best known for being the co-founder of Quadriga Fintech Solutions. History In 2007 he admitted to conspiring in separate criminal cases for burglary, grand larceny, and computer fraud. He was arrested as a part of a sting operation on ShadowCrew by the Secret Service. Patryn had not been using a proxy address; allowing authorities to identify him with the assistance of a confidential informant within the group. After serving time in a U.S. prison, he was subsequently deported to Canada, where he changed his name twice, once to Omar Patryn, before changing it back to Michael Patryn. He publicly denied that the two identities are related, but an investigation by the ''Globe and Mail'' confirmed the name changes with the Canadian government. Quadriga Fintech Solutions Patryn co-founded Quadriga Fintech Solutions, operator of the crypto exchange QuadrigaCX, with Gerald Cotten. He claims he ...
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Belleville, Ontario
Belleville is a city in Ontario, Canada situated on the eastern end of Lake Ontario, located at the mouth of the Moira River and on the Bay of Quinte. Belleville is between Ottawa and Toronto, along the Quebec City-Windsor Corridor. Its population as of the Canada 2016 Census, 2016 census was 50,716 (census agglomeration population 103,472). It is the seat of Hastings County, but politically Independent city, independent of it, and is the centre of the Bay of Quinte Region. History The city is situated on the traditional territory of the Wyandot people, Wendat, Anishinaabe, Anishnaabeg, and Haudenosaunee peoples. The historic Anishinaabe (Mississaugas) village, known as ''Asukhknosk'' in the 18th century, was part of land purchased by the Crown to use for the resettlement of United Empire Loyalists who were forced to leave the Thirteen Colonies in North America, after the United States achieved independence. The settlement was first called Singleton's Creek after an early sett ...
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Canadian Imperial Bank Of Commerce
The Canadian Imperial Bank of Commerce (CIBC; french: Banque canadienne impériale de commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. The Canadian Imperial Bank of Commerce was formed through the 1961 merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), in the largest merger between chartered banks in Canadian history. It is one of two "Big Five" banks founded in Toronto, the other being the Toronto-Dominion Bank. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom. Globally, CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at n ...
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Global News
Global News is the news and current affairs division of the Canadian Global Television Network. The network is owned by Corus Entertainment, which oversees all of the network's national news programming as well as local news on its 21 owned-and-operated stations. Corus also operates several talk radio stations under the "Global News Radio" brand. The same division also operates a news website under the same brand. National programs Global's lineup of national news and current affairs programming is as follows: * '' The Morning Show'': Weekdays 9:00 a.m. ET/CT/MT/PT, 10:00 a.m. AT. Jeff McArthur and Carolyn MacKenzie host the Morning Show. * ''Global National'': Nightly 7:00 p.m. NT, 6:30 p.m. AT/ET, 5:30 p.m. CKWS/CHEX/CT/MT/PT, 6:00 p.m. Kelowna and Montreal. Global National is anchored by Dawna Friesen from Monday to Thursday and Farah Nasser from Friday to Sunday. * ''The West Block'': Sundays 10:00 a.m. PT/MT, 11:00 a.m. ET/CT, 12:00 ...
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Smart Contract
A smart contract is a computer program or a transaction protocol that is intended to automatically execute, control or document events and actions according to the terms of a contract or an agreement. The objectives of smart contracts are the reduction of need for trusted intermediators, arbitration costs, and fraud losses, as well as the reduction of malicious and accidental exceptions. Smart contracts are commonly associated with cryptocurrencies, and the smart contracts introduced by Ethereum are generally considered a fundamental building block for decentralized finance (DeFi) and NFT applications. Vending machines are mentioned as the oldest piece of technology equivalent to smart contract implementation. The original Ethereum white paper by Vitalik Buterin in 2014 describes the Bitcoin protocol as a weak version of the smart contract concept as originally defined by Nick Szabo, and proposed a stronger version based on the Solidity language, which is Turing complete. Si ...
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Ethereum
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether (Abbreviation: ETH; sign: Ξ) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin. Additional founders of Ethereum included Gavin Wood, Charles Hoskinson, Anthony Di Iorio and Joseph Lubin. In 2014, development work began and was crowdfunded, and the network went live on 30 July 2015. Ethereum allows anyone to deploy permanent and immutable decentralized applications onto it, with which users can interact. Decentralized finance (DeFi) applications provide a broad array of financial services without the need for typical financial intermediaries like brokerages, exchanges, or banks, such as allowing cryptocurrency users to borrow against their holdings or lend them out for interest. Ethereum also allows users to create and exchange NFTs, which are un ...
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The Canadian Press
The Canadian Press (CP; french: La Presse canadienne, ) is a Canadian national news agency headquartered in Toronto, Ontario. Established in 1917 as a vehicle for the time's Canadian newspapers to exchange news and information, The Canadian Press has been a private, not-for-profit cooperative owned and operated by its member newspapers for most of its history. In mid-2010, however, it announced plans to become a for-profit business owned by three media companies once certain conditions were met. Over the years, The Canadian Press and its affiliates have adapted to reflect changes in the media industry, including technological changes and the growing demand for rapid news updates. It currently offers a wide variety of text, audio, photographic, video and graphic content to websites, radio, television, and commercial clients in addition to newspapers and its longstanding ally, the Associated Press (AP), a global news service based in the United States. History Initially, Canada ...
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The Globe And Mail
''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of approximately 2 million in 2015, it is Canada's most widely read newspaper on weekdays and Saturdays, although it falls slightly behind the ''Toronto Star'' in overall weekly circulation because the ''Star'' publishes a Sunday edition, whereas the ''Globe'' does not. ''The Globe and Mail'' is regarded by some as Canada's " newspaper of record". ''The Globe and Mail''s predecessors, '' The Globe'' and ''The Mail and Empire'' were both established in the 19th century. The former was established in 1844, while the latter was established in 1895 through a merger of ''The Toronto Mail'' and the ''Toronto Empire''. In 1936, ''The Globe'' and ''The Mail and Empire'' merged to form ''The Globe and Mail''. The newspaper was acquired by FP Publications in 1965, who later sold the paper to the Thomson Corporation in 1980. In 2001, the paper merged with broadcast ...
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Canadian Securities Exchange
Canadian Securities Exchange (CSE), operated by CNSX Inc., is a stock exchange domiciled in Canada. When recognized by the Ontario Securities Commission in 2004, CSE was the first new exchange approved in Ontario in 70 years. The CSE is a rapidly growing stock exchange focused on working with entrepreneurs to access the public capital markets in Canada and internationally. The Exchange's efficient operating model, advanced technology and low fee structure help companies of all sizes minimize their cost of capital and maximize access to liquidity. The CSE offers investors access to a broad selection of growth companies through a liquid, reliable and regulated trading platform. The Exchange is dedicated to entrepreneurship at all levels and has established itself as a leading hub for discourse in the entrepreneurial community. Designed to meet the needs of emerging public companies and their investors, CSE has experienced rapid growth over the last five years and lists over 700 ...
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Safe Deposit Box
A safe deposit box, also known as a safety deposit box, is an individually secured container, usually held within a larger safe or bank vault. Safe deposit boxes are generally located in banks, post offices or other institutions. Safe deposit boxes are used to store valuable possessions, such as gemstones, precious metals, currency, marketable securities, luxury goods, important documents (e.g. wills, property deeds, or birth certificates), or computer data, which need protection from theft, fire, flood, tampering, or other perils. In the United States, neither banks nor the FDIC insure the contents. An individual can purchase separate insurance for the safe deposit box in order to cover e.g. theft, fire, flooding or terrorist attacks. Hotels, resorts, and cruise ships sometimes also offer safe deposit boxes or small safes to their patrons, for temporary use during their stay. These facilities may be located behind the reception desk, or securely anchored within private guest ...
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Bitcoin ATM
Bitcoin ATMs (Automated Teller Machine) are kiosks that allows a person to purchase Bitcoin and other cryptocurrencies by using cash or debit card. Some Bitcoin ATMs offer bi-directional functionality enabling both the purchase of Bitcoin as well as the sale of Bitcoin for cash. In some cases, Bitcoin ATM providers require users to have an existing account to transact on the machine. History On October 29, 2013, a Robocoin machine opened in the Waves coffee shop in downtown Vancouver, Canada. On December 8, 2013, Europe's first Bitcoin ATM was installed in Bratislava, Slovakia. The first machine in the United States went online on February 18, 2014, in a cigar bar in Albuquerque, New Mexico, though it was removed 30 days later. Months later, in May 2014, the first licensed bitcoin ATM in the U.S. was developed by Coinme and installed at the Spitfire Grill in Seattle WA. Canada In 2014, Canada was the first country to approve regulation of cryptocurrencies, although it took some time ...
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Vancouver, British Columbia
Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. The Greater Vancouver, Greater Vancouver area had a population of 2.6million in 2021, making it the List of census metropolitan areas and agglomerations in Canada#List, third-largest metropolitan area in Canada. Greater Vancouver, along with the Fraser Valley Regional District, Fraser Valley, comprises the Lower Mainland with a regional population of over 3 million. Vancouver has the highest population density in Canada, with over 5,700 people per square kilometre, and fourth highest in North America (after New York City, San Francisco, and Mexico City). Vancouver is one of the most Ethnic origins of people in Canada, ethnically and Languages of Canada, linguistically diverse cities in Canada: 49.3 percent of ...
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