#cavirtex

Canadian Exchange, QuadrigaCX, Takes Spotlight After CAVIRTEX Bows Out – Bitcoin Magazine

This is sad news, indeed, but not completely unexpected. About a month ago, I managed to stop an unauthorized transfer of funds into my CaVirtEx account. I have been a happy CaVirtEx customer since I purchased my first Bitcoin in April 2012. They were a big part of my life, before the corporate takeover of Bitcoin and Bitcoin mining took place in 2014. -LW

On Tuesday, February 17, the…

Canuck Bitcoin exchange gives up after security SNAFU

19 February 2015 | Darren Pauli | theregister.co.uk

Canadian Bitcoin exchange Cavirtex, said to be the country’s largest, will shut its doors after its two factor authentication credentials were probably compromised.

The breach, spotted last Sunday, affected two factor secrets and hashed passwords stored in an older database and did not match log in details to identification records.

“Because security and the safety of customer funds are paramount to our mission and the success of Bitcoin in general, Cavirtex has determined to cease active operations in the Bitcoin business and to return all customer funds,” the company wrote in astatement.

Bitcoin Exchange Cavirtex to Close Amid Security, Banking Concerns

17 February 2015 | Stan Higgins | Coindesk.com

Canadian bitcoin exchange Cavirtex has announced that it will shut down operations next month following the compromise of sensitive security information, including password hashes and two-factor authentication secrets.

The company announced the closure in a 17th February post on its website, citing the risks of continued operation due to damage done to the exchange’s reputation. The post stated that Cavirtex remains solvent and that client funds were unaffected during the incident.

For BitAccess, the Canadian bitcoin market is incredibly important to us. We started our company in Canada, with Canadian founders. And our Bitcoin Teller Machine, also known as a BTM, is produced in Ottawa, Ontario – the country’s capital.

This is why working with Canada’s CAVIRTEX bitcoin exchange to launch 10 of our BTMs has significance.

There is another reason, too. Bitcoin allows people to move money quickly and easily. We think our BTMs are the perfect on-ramp and off-ramp for bitcoin. Anyone with a mobile phone can use one of our machines to buy or sell the most popular digital currency in the world.

CAVIRTEX is Canada’s largest bitcoin exchange, transacting over $90 million in volume since its inception in 2011.

With CAVIRTEX deploying six BTMs in Toronto and four others in Vancouver, Niagara, Ottawa and Halifax, people living in Canada have an incredibly easy way to transact in bitcoin. It means uncomplicated access to bitcoin from one of our machines, including both deposits and withdrawals using the Canadian dollar.

This is exciting, since 10 brand-new BTMs operated by the premier Canada exchange further promotes the BitAccess goal – to make bitcoin super simple for anyone.

CAVIRTEX Is Launching Ten New Bitcoin ATMs Across Canada

Late last month, The CoinFront reported on CAVIRTEX’s recently acquired fleet of Bitcoin ATMs. Now they’ve decided on where to put them.

In fact, several of them are already in position.

The Bitcoin ATMs number ten in total, and are being deployed at the time of writing.

The ATMs are being rolled out as part of a new relationship with Gateway News Stands, a company that operates a…

A CAD bitcoin purchase from an exchange.

  I’d wanted to have some bitcoin for a while to experiment with, and recently made my first bitcoin purchase at the decentral bitcoin ATM.  However, at 5% exchange rate difference compared to an exchange (they use cavirtexas the exchange rate reference), the effective transaction fees are rather steep.  While it was an easy way to do things, especially for somebody with no concrete experience…

CAVirtEx Announces New Branded ATMs

CAVirtEx, Canada’s largest Bitcoin exchange, plans to deploy a series of its own branded ATMs across Canada.

Or at least, that’s what it looks like.

The company posted images on its official Twitter account yesterday promoting their new fleet of ATMs, with a tag phrase “Coming to a Canadian city near you.”

The machines look like the ones developed by BitAccess, an Ottawa-based Bitcoin…