Michael Patryn, co-founder of the now-defunct Quadrigacx cryptocurrency exchange, has been compelled by Canadian officers to explain the origin of his wealth. Patryn must explain how he acquired a stash of 45 gold bars, more than $180,000 in cash, and a jewelry set with a diamond-studded Rolex watch. Quadrigacx Cofounder Must Explain 45 Gold Bar…
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According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated financial…
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Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed. Online streaming platform and production company Netflix will be producing a film on deceased crypto exchange QuadrigaCX founder Gerald Cotten. In a Sept. 23 tweet from Netflix, the platform announced Trust No One: The…
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The trustee for the collapsed Canadian crypto exchange QuadrigaCX, has received $171 million in claims from the exchange’s customers. The trustee of the controversial failed cryptocurrency exchange QuadrigaCX, Ernst & Young (EY), has revealed that it only has roughly $29.8 million in funds to distribute to claimants, despite receiving $171 million worth of claims. In…
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A darknet marketplace is planning a $146 million ICO, QuadrigaCX victims want Gerald Cotten’s body exhumed, and Libra has quietly updated its white paper. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and…
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