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Bitcoin Weekly Here at CoinReport, we like to breakdown the week’s bitcoin news and headlines for our readers. This week, ending April 4th 2014, has been tumultuous for bitcoin, to say the least. Let’s look at what went on this week and what you need to know in the world of...

It seems Canada’s plans to form its own digital currency, the mintchip, have ended. On April 4th, the Royal Canadian Mint said it was halting the development of its digital currency program. They are now looking to sell program’s business. MintChip In April 2012, the...

$325,000 will be funded to produce the first provincial digital currency in Canada, the Provincial government has announced. This new digital currency will only be made available to Albertans and will be given the name of AltaCoin aka ATC. People residing within Alberta will be...

Bitcoin Lawsuit Canadian investors who lost their bitcoins during the Mt Gox collapse are seeking to conduct a proposed class action lawsuit for $500 million against the Japanese bitcoin exchange. The bitcoin lawsuit focuses on the exchange company’s two owners, CEO Mark...

Authorities in Canada have begun to look into the demise of bitcoin bank Flexcoin, after the digital currency platform was hacked out of all of its bitcoins. The theft caused the bitcoin bank to lose $600,000 worth of bitcoins. Flexcoin, based out of Edmonton, Alberta Canada,...

Bank of Montreal Takes Action Against Cointrader.net The Bank of Montreal has taken action against a Vancouver based bitcoin exchange by closing down its accounts. Furthermore, the exchange claims that the bank is shutting down all accounts owned by businesses that trade in the...

KryptoKit Teaming With BitPay KryptoKit is a plugin on Google Chrome’s internet browser, and is a secure bitcoin wallet encrypted measure. They have recently teamed up with Atlanta-based payment processor Bitpay, so that they may implement a ‘two-click’ solution to pay...

Three Canadian cities are preparing to install bitcoin ATMs in the coming weeks. This will make Canada the top bitcoin ATM location in the world. The new ATMs will be installed in Ottawa, Montreal and Toronto. The ATM operators have announced that they have plans to put the...

  The Wall Street Journal has reported that a Canadian government official has ruled out Canadian bitcoin as legal tender. The official email stated: “Only Canadian bank notes and coins are recognized as legal tender in Canada. Bitcoin digital ‘currency’ is not legal tender...

British Columbia, Canada is home to another real estate firm accepting Canadian bitcoin down payments on properties. Quantum Properties started welcoming bitcoin deposits yesterday, on properties it sells locally. Founded in 2000, the firm builds residential and commercial retail...