Crypto fraud is up 45%

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Blockchain North Newsletter
September 11, 2024

WEEKLY NEWS ROUND UP: Get the goods in sixty seconds

IN TODAY’S NEWSLETTER: Crypto fraud is up 45%

  • 🚀 FEATURE: Sheereen Khan, CEO of Regulativity

  • 🔋 Innovation: Wasted energy powers Bitcoin

  • 🤑 Mastercard: Crypto Spending?

  • 🇺🇸 Warning: 45% rise in scams

  • ☁️ Forecast: Huge Bitcoin surge ahead

  • 🥇 Politics: Voters prioritize crypto stance

  • 🪶 Empowerment: Indigenous blockchain initiatives funded

  • 🔔 Reminder: Join Blockchain North’s next episode of Crypto Canadians on X Spaces

  • 👷‍♂️ Jobs alert: Check out our newest listings — updated weekly!

  • 📅 Events: Looking ahead to 2025

FEATURE: Sheereen Khan, CEO of Regulativity

Join us as we uncover the hidden world of crypto compliance with Sheereen Khan, a 25-year industry veteran and CEO of Regulativity. Discover why compliance can make or break your crypto business, the true costs involved, and even why giants like Coinbase face challenges. Learn how Regulativity’s AI-powered solution is transforming the industry. Whether you're a startup or an established player, this interview is essential for navigating the complexities of blockchain regulations.

Japan’s Largest Power Company TEPCO is Mining Bitcoin Using Renewables

Tokyo Electricity Power Company (TEPCO) has begun mining Bitcoin through its subsidiary Agile Energy X using excess renewable energy that would otherwise be wasted. The initiative helps reduce wasted green energy from solar and wind farms that are forced to curtail production to avoid overloading Japan’s grid. The energy is now being diverted to generate Bitcoin.

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Global payment giant Mastercard is expanding its support for non-custodial cryptocurrency wallets in a new collaboration that enables users to spend crypto stored in self-custody. In the collaboration, Mastercard has enabled a new euro-denominated debit card that allows users to spend cryptocurrencies like Bitcoin at more than 100 million merchants in the Mastercard network.

FBI Reports 45% Rise in Crypto Fraud, $5.6 Billion Lost

The Federal Bureau of Investigation’s Internet Crime Complaint Center has revealed a sharp rise in cryptocurrency fraud complaints, with over 69,000 cases and $5.6 billion in losses. Investment scams accounted for 71% of these losses. According to the FBI report, while cryptocurrency complaints represent only 10% of total financial fraud complaints, they account for nearly half of the total monetary losses.

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Michael Saylor Predicts Bitcoin Will Hit $13 Million, Reveals Expected Date

Michael Saylor, co-founder and Executive Chairman of the business intelligence firm Microstrategy and well-known Bitcoin advocate, recently reiterated his bullish stance on Bitcoin during an interview with CNBC on Monday. During the interview, Saylor emphasized that Bitcoin represents just 0.1% of the global capital, envisioning a substantial increase to 7%, a monumental shift that he suggested could propel Bitcoin to $13 million by 2045.

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Crypto becomes US election issue for the first time

Cryptocurrencies like Bitcoin are playing a role in the coming United States presidential election as 73% of crypto owners in the US said that a candidate’s stance on crypto would have “some impact” on their vote. Additionally, another 37% of respondents indicated that a presidential candidate’s position on crypto would have a significant impact on their vote.

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Nationsfirst Announces Strategic Investment from Audace Labs

Nationsfirst, a Canadian technology company dedicated to empowering Indigenous communities through the use of advanced blockchain solutions, announced a strategic investment from Audace Labs and welcomed Jaskanwar Singh, Managing Partner of Audace Labs as an advisor. Together, they are launching joint education initiatives, equipping Indigenous communities with the knowledge and skills needed to leverage blockchain for governance, economic empowerment and community development.

BLOCKCHAIN NORTH SHORTS: The clock is ticking for legacy banks

Is blockchain infrastructure is ready for everyday banking?

JOIN US on X SPACES: Thursday, September 12 at Noon

Give our upcoming guests a follow!

@PLA______
@brianrohaly
@MaheenBlues

Some experts we’ve already had on the show:

@realJeffreyP 
@frasermatthews_
@TanimRasul 
@MorvaRohani
@Regulativity
@sam_drissi
@rime_salmi
@JoshSeerattan
@WomanBlockchain
@fieldagronomy21
@AubreyNesbitt11
@theLTDtoken
@CryptoHero22
@Wonderfi_dean
@Akhparty
@JL_Pellerin
@marclijour
@wright_success
@JArroyoFerrer
@LandonOGardner
@thereadbaran
@rime_salmi
@AdoubleZI

This online event promises fun, authentic, and thought-provoking conversations. Don’t miss out—tune in for insights on the latest industry trends and news!

JOB OPPORTUNITIES: Do something your future self will thank you for

Penrose—digital asset consulting and advisory firm helping blockchain-based companies scale—is hiring a Digital Marketing Manager.

Shakepay—a money app that allows you to pay friends, buy and earn bitcoin, and send money effortlessly—is hiring a Senior Product Manager.

Apply directly.

Decentralized Masters—the #1 Decentralized Finance Education Company—is hiring a Chief Technology Officer (CTO) and Co-Founder.

KPMG Canada—providing Audit, Tax, and Advisory services to many of the public and private business, not-for profit, and public sector organizations in Canada—is hiring a Senior Consultant - Blockchain and Crypto Assets.

WonderFi—providing investors with diversified exposure across the global digital asset ecosystem—is hiring for a DevOps Engineer in Toronto or Vancouver.

The cryptocurrency exchange, Kraken, is hiring a Product Operations role to support our Asset Management (Custody, Asset Listings, Blockchain Data).

Exaion—”pionnier des services numériques responsables de demain”—is looking for a Kubernetes Architect (FR and/or EN) in Montreal. 

Diagram—venture studio that builds companies in Web3, Artificial Intelligence, Fintech, and Climatetech—is hiring an analyst on the Crypto / AI team to help launch new ventures. The position is remote.

Binance—the leading global blockchain ecosystem and cryptocurrency infrastructure provider whose suite of financial products includes the world’s largest digital-asset exchange—is hiring for Project Research and Due Diligence in Vancouver.

Noble—bringing real-world assets into the digital realm, focusing on security and cross-chain functionality—is hiring software + Rust engineers.

Want your job posted here? Get in touch!

CONFERENCES AND EVENTS IN CANADA: 2024

Toronto:

TCAE - Toronto Compliance and AML Conference: September 26 (join the waitlist)
Elevate: October 1-3
BlockHack: November 8-10
Consensus Crypto Conference: May 14-16 (2025)

Edmonton:

Blockchain Social (Startup Week): October 17

Ottawa:

Web3 Ottawa On Chain Meetup: September 18

Montreal:

Bitcoin Bay Special Edition: September 25th
Nodes Montreal (Chainalysis + KPMG): September 26
Forum Incyber (FIC): October 29-30 👇️ 

Want your event posted here? Get in touch!

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