Is Bitcoin's Volatility a Risk or Opportunity - June 2021

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Is Bitcoin's Volatility a Risk or Opportunity - June 2021
June 2021

Volume 6

Is Bitcoin’s Volatility a Risk
or Opportunity
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
Table of Contents
Page 3 | Corporate Members

Page 4 | Is Bitcoin’s Volatility A Risk or Opportunity?

Page 6 | Feature Profile: Janine Moir.

Page 7 | Upcoming CBAW Event: Women in the New

            Economy 
Opportunities for Leadership in

            Crypto, Blockchain and Digital Markets.

Page 9 | Special Industry Report: Peer-to-Peer and the

            Future of Payments.

Page 10 | July Magazine Preview: The Bitcoin 2021

             Conference in Miami, Florida

Page 11 | Emerging News

Page 12 | Why It’s Time to Stop Tokenizing

              Everything

Page 15 | Upcoming Educational Class

Page 16 | Memory Express Gets Ready to Launch

              Bitcoin Marketplace

Page 18 | Perspective: The Rise of Doge Coin

Page 19 | Canada Blockchain Week.

Page 20 | Upcoming Webinars..

Page 21| Directory.

                                                            2
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
Digital Currency

CORPORATE
MEMBERS
    Finance

    Business

                     Legal

   Technology

    Energy

                                   3
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
Is Bitcoin’s Volatility
A Risk or
Opportunity?
In mid-May, a sudden storm of disruptive           However, the recent selling pressure hasn’t
catalysts caused the booming Bitcoin market to     damaged the faith of some major investors.
crash almost 30% in the span of a few days,        According to Ark Invest CEO Cathie Woods,
shaking investor faith that the currency would     interviewed by Bloomberg News after the price
hit predicted targets of US $100k or more in       crash, the volatility hasn’t impacted the
2021. After hitting a record high of more than     company’s US $500,000 price target. "We go
US $60k in April, Bitcoin hovered above $50k,      through soul searching times like this and scrape
until a cluster of factors caused in to plunge,    the models, and yes, our conviction [on bitcoin] is
briefly, to $30k, before recovering slightly.
    as high,” she said, addressing one of the key
                                                   objections — that Bitcoin’s proof-of-work model
One of the most prominent reasons for the fall
                                                   is unsustainable.

in the price of BTC is, somewhat confusingly,
one of its biggest whales. Elon Musk, not long
                                                   Ark Invest supports the idea that the
after making a major US $1.5 billion Tesla
                                                   cryptocurrency will motivate the faster adoption
investment in Bitcoin in February 2021,
                                                   of green energy like solar, pointing to the many
announced in a May 13th tweet that the
                                                   global projects that use sustainable sources of
company would no longer be accepting the
                                                   electricity for crypto mining, and believes, along
currency for payment for its cars, citing the
                                                   with many other investors, that Bitcoin will
high energy consumption behind
                                                   evolve toward a much lower environmental
proof-of-work.

                                                   impact.

Other cryptocurrencies, including Ethereum
and Doge, quickly joined in the market freefall.   So, for one of the market’s biggest investors, the
Just two weeks after the crypto economy’s          dip looks more like an opportunity than an
all-time high, more than US $1.3 trillion of       existential threat. "We were looking at all the
value vanished in a frenzy of selling. The         indicators this morning, she said. “They are all
downturn has been compounded by China’s            suggesting that we are in the capitulation phase,
recent announcement that it intends to crack       which is a really great time to buy, no matter
down on crypto trading and mining, causing         what the asset is. A capitulation phase is buy, it's
companies like Huobi to back away from             on sale.“

miner hosting in the country.

                                                                                                   4
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
However, the recent selling pressure hasn’t           A 50% correction is dramatic – but Bitcoin is no
damaged the faith of some major investors.            stranger to this kind of volatility. In just March of
According to Ark Invest CEO Cathie Woods,             2020, the cryptocurrency dipped under US $4k,
interviewed by Bloomberg News after the price         and it has had numerous other retreats during
crash, the volatility hasn’t impacted the             overall bull markets, like post its $20k previous
company’s US $500,000 price target. "We go            peak in 2017.

through soul searching times like this and scrape
the models, and yes, our conviction [on bitcoin] is
as high,” she said, addressing one of the key         For some newer investors, this kind of volatility
objections – that Bitcoin’s proof-of-work model       might be too much to handle – but for most in the
is unsustainable.

                                  Bitcoin community, it’s just one in a long line of
                                                      opportunities to buy the dip and keep hodling.

“These overleveraged positions bring
vulnerability to the market, making it excessively
sensitive to negative news flow,” he wrote. “A
combination of statements coming from Vitalik
Buterin, Elon Musk, and Chinese authorities in a
space of a week was sufficient to trigger a market
correction.”

                                                                                                        5
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
"I'm excited to be a guest on the Canadian
Janine Moir, Deloitte                       Blockchain Consortium podcast,” she told our
National Digital                            editor. “2021 has been a breakthrough year for
                                            blockchain and crypto, and I'm looking forward to
Assurance Leader &                          speaking about how this incredible technology is
Canadian Blockchain                         accelerating new ways of doing business"

Consortium Director
                       As a co-founder of the Canadian Blockchain
                                            Association for Women, she’s also a strong voice for
                                            inclusion in the technology industry. On an
                                            upcoming Canadian Blockchain Consortium
Janine Moir is one of Canada’s leading
                                            podcast, she’ll be discussing the disruptive potential
specialists in the business potential of
                                            of crypto and blockchain adoption, and the critical
blockchain and with numerous roles,
                                            paths businesses can take toward digital
including as a long-time Director of the
                                            transformation.

Canadian Blockchain Consortium, a
strong supporter of the growth of our
national blockchain ecosystem. She is a
speaker and writer on Bitcoin, crypto
and digital transformation.

She incorporated her passion for science
and technology into her career in
accounting, building a unique
specialization early the evolution of
blockchain. In her role as National
Digital Assurance leader at Deloitte, she
works with diverse clients to build their
digital strategies and has a unique
perspective on how technologies like
blockchain, crypto and tokens are
evolving Canadian business.

Find Janine at:
https://www.linkedin.com/in/moirjanine
/
                                                                                               6
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
Upcoming CBAW Event: Women in the New
              Economy Event:

Blockchain Specialization as a Career Accelerant

This June 10th, the Canadian Blockchain Association for Women (CBAW) and ecosystem partner
the Canadian Blockchain Consortium are excited to host a virtual event that showcases new
opportunities for women in Bitcoin, digital finance and the blockchain industry.

With less than 25% female representation in the technology industry — and less in the
blockchain space — it’s critical to help women get engaged in one of the world’s fastest-growing
sectors.

CBAW is pleased to welcome Lori Stein of Osler, Hoskin and Harcourt LLP, one of Canada’s top
lawyers in cryptocurrency law, as the event’s keynote speaker. Lori will be giving an insightful
talk on how a specialization in blockchain and crypto can help women across all industries
accelerate their careers, with personal anecdotes and lessons from her own amazing journey.

The feedback on the event’s mission and vision has been overwhelming, and many companies
throughout Canada’s blockchain ecosystem have stepped up to sponsor Women in the New
Economy. CBAW is incredibly grateful for their support for its grant programs and organization.

The Consortium is proud to be a supporter of this great event which will both help women
understand how they can get involved in our industry, and provide $500 grants to talented
women for blockchain education. Over the next few months, the magazine will be profiling these
generous sponsors and sharing their perspectives and strategies on supporting women leaders in
blockchain and crypto.

Join us to discover how the world’s most exciting innovations can benefit women across our
economy — it’s free to register! Visit www.cbaw.io or please contact alexis@cbaw.io to inquire
about grant sponsorships, registration and other ways to get involved.

Date: June 10th, 2021

3pmEST/12pm PST

Discover more:
                                        REGISTER NOW

                                                                                                    7
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
8
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
Special Industry                                    The fees associated with global payments net the
                                                    financial services industry US $2 trillion a year —
Report:
                                           a massive wealth transfer from individuals and
                                                    businesses to banks and payments providers.
Peer-to-Peer and the Future of                      With cash continuing to decline as a payment
                                                    method — in many countries, being heavily
Payments                                            regulated or outright banned for large
Bitcoin has come to mean many things to many        transactions — the dominance of banks has
people — it’s a high-performing investment, an      grown, especially during the COVID-19
inflationary hedge, the originator of blockchain    pandemic.

technology, and even a culture — but to its
creator, it had one primary purpose — a new         However, with 2 billion people around the world,
method for digital, peer-to-peer payments.
        the majority of them women and in developing
                                                    countries, without access to financial services
According to the original whitepaper published
                                                    due to the strict identity and income
in 2008, “Bitcoin — Peer-to-Peer Electronic
                                                    requirements of the banking sector, the inequities
Cash System”, the need for a method of
                                                    in the current system are only increasing the
conducting transactions was driven by the
                                                    global wealth gap. Many younger people, even in
hegemony of major financial institutions have
                                                    developed countries, are also making the choice
over commerce. Through proof-of-work and
                                                    to step outside the confines of banking.

advanced encryption, his vision for Bitcoin
provided enough security and integrity to
                                                    Peer-to-peer, low-cost transactions are a
replace the intermediary functions of traditional
                                                    powerful democratizing force. The rapid
banking.

                                                    adoption by individuals is shaking the financial
Through his innovative new system,                  industry and forcing service providers to adapt
transactions could become non-reversable,           through supporting crypto transactions or
anonymous, and virtually fraud-proof — and all      become redundant.

at a lower cost than high-infrastructure
conventional finance institutions could offer. If   The crypto payments ecosystem has now
successful, the impact on the global economy        expanded beyond Bitcoin to include a range of
would be enormous.                                  other coins and blockchain platforms, and a new
                                                    peer-to-peer economy is taking shape as new
                                                    platforms, services and products build around
                                                    the use of crypto. It’s an exciting time full of
                                                    possibilities — and one that shows the potential
                                                    for a fairer, more accessible and more secure
                                                    economic future for billions of people.
                                                                                                   9
Is Bitcoin's Volatility a Risk or Opportunity - June 2021
July Magazine Preview:

The Bitcoin 2021 Conference in
Miami, Florida
There’s no denying that Bitcoin has forever     Conference

changed the landscape of the global
economy and will go down in history as one      Headliners:

of the top innovations of this century.

Bitcoin 2021 is part of an annual series of     Wyoming Senator Cynthia Lummis: The
the world’s biggest crypto conferences,         powerful force behind Wyoming’s
where thousands of investors, companies,        country-leading embrace of Bitcoin and crypto,
thought leaders and other members of the        Senator Lummis is the conference’s headliner
international BTC community come                and will be speaking about her spearheading of
together to discover what’s next for this       the U.S. Senate Finance Innovation Caucus.

disruptive technology.

                                                Michael Saylor, CEO of MicroStrategy: Arguably
This year’s event will be the largest Bitcoin   one of the top global thought leaders on Bitcoin,
event in history, with an incredible range of   entrepreneur and best-selling author Michael
speakers that span new applications and         Saylor has been a long-time proponent of the
technologies to the growing momentum            technology’s disruptive potential for the
behind mainstream government and                international financial system.

institutional adoption.

                                                Jack Dorsey, CEO of Twitter and Square: A
The Canadian Blockchain Consortium’s            co-founder and CEO of two of the world’s
Executive Director Koleya Karrington, and       leading technology innovators, Twitter and
Director and magazine editor Alexis Pappas,     payments company Square, Jack Dorsey has
will both be on site at the Mana Wynwood        been one of the most prominent voices on
Conference Center in Miami from June            Bitcoin’s potential to become the universal
3rd-5th, bringing back key industry insights    medium for transactions.
and news on Bitcoin’s evolving future.

                                                                                              10
Emerging
 News:                                                       A Chainalysis report on the May’s crypto volatility
                                                             suggests that it was actually retail investors selling
                                                             into the crash, while institutions seem to have been
                                                             buying the dip:

                                                                READ MORE

After signing a deal for a major digital identity project,   While cryptocurrencies often outshine other
Ethiopia is turning into a model for blockchain              applications, the massive cybersecurity threats of 2021
adoption for other African countries:                        are highlighting blockchain’s promise as crack-proof
                                                             security for networked devices:
   READ MORE
                                                                READ MORE

VC firm White Star Capital is launching a new US $50         Another unicorn has emerged in the hot blockchain
million fund targeting small investments in emerging         gaming world, with Forte raising US $185M against a
blockchain and crypto companies across North                 $1 billion valuation for its upcoming platform:
America:

   READ MORE                                                     READ MORE

                                                                                                                       11
Koleya Karringten
                                              Of course, it makes perfect sense that both

Why It’s Time to                              companies and individuals are searching for a
                                              panacea right now. In 2020, the global economy
Stop Tokenizing                               contracted an astonishing 4.9%, with record

Everything                                    volatility in the stock market and the highest
                                              unemployment rates in history. The widespread
                                              substitution of long-term careers for the
                                              insecurities of the gig economy is leaving
It might sound a little counterintuitive      countless people at the brink of bankruptcy.

coming from the Executive Director of the
                                              This is an uncertain and perilous economic time,
Canadian Blockchain Consortium, but the
                                              and throughout the COVID-19 pandemic,
benefits of blockchain have limits, and the
                                              technology has continually appeared to be the
current push to tokenize absolutely
                                              answer to the many challenges we’ve been
everything is pushing those limits to the
                                              facing, from the shift to telecommuting to the
brink. From the NFT bubble to countless
                                              need for industries and service sectors to
companies trying to launch their own
                                              automated. For people watching the rise of
tokens and coins, there seems to be an
                                              Dogecoin, NBA Top Shot NFTs or the latest
irrational belief that blockchain is the
                                              meme token, jumping into the blockchain
solution to every business and financial
                                              economy can look like a path to financial
problem.

                                              freedom.

                                                                                            12
I’ve heard throughout our ecosystem, from legal          According to Ari Paul, co-founder of
 providers and business consultants to blockchain        BlockTower Capital, one of the leading
 companies, that there has been a tsunami of             cryptocurrency investment firms at the time,
 enquiries from companies with no previous               there were a number of reasons for the market’s
 experience in the digital economy that they want        sudden contraction. “ICOs were a clear bubble,”
 to issue their own tokens. In 2021, we’ve reached       he said. “It was partially popped by the
 a point where both token buyers and sellers have        expectation of regulatory scrutiny, governance
 an almost faith-based conviction that this is a         concerns raised by Tezos (a leading platform)
 market that will keep booming, and that its worth       and diminishing ‘greater fools’ to pay full price.”

 extensive investments of time, legal bills,
 technical development and risk capital.

               All of that sounds very familiar and relevant
                                                         right now. There is still regulatory uncertainty
 Part of the danger is that many of the current          about many of our current crop of tokens. There
 entrants into the token economy are fairly new,         are other challenges – we have a well-established
 and without an understanding of history, bubbles        market infrastructure for conventional equity
 have a habit of repeating themselves. To those of       raising, and equally established markets for
 us who have been a part of the industry for a           trading value, whether it’s a piece of real estate
 relatively ancient 5 years or more, it’s starting to    or art, and tokenization needs to mature to the
 look a lot like the ICO bubble of a few years ago.

   point where it can mirror the standards and
                                                         asset security of those markets.

 After an unprecedented rise in token issuances
 that hit almost $4 billion in 2017, the market          Right now, there is very little verification in
 suddenly crashed, with 75% of new tokens failing        place for the IP behind many tokens, and
 to raise and hundreds of millions of                    numerous cases of artists seeing their original
 already-invested dollars lost.
                        works tokenized by scammers who don’t hold
                                                         the actual ownership rights. While art-backed
                                                         tokens have been around for years, the wave of
                                                         current interest was amplified by the US
                                                         $69.3M sale by Christie’s auction house digital
 “What we do know is that speculative episodes           artist Beeple’s work Everydays - The First 5000
never come gently to an end. The wise, though for        Days earlier this year in March.

  most the improbable, course is to assume the
                     worst.”

            John Kenneth Galbraith

                                                                                                          13
The Beeple sale demonstrated the possible of an         Criticism of the current token boom aside,
enormous multiplier effect on tokenization for the      there are powerful use cases for blockchain
digital art market, and the possibility of creating a   finance that do make sound economic sense
new market of art collectors through appealing to       and don’t rely, like a Ponzi scheme, on a
crypto investors. However, reports have suggested       continual influx of “greater fools”. Tokens
that this high-profile sale wasn’t all it appeared to   backed by objectively valuable assets or
be – some question whether it actually qualified as     services that are used to create new liquidity or
an NFT, while others point out that the winning         have something genuinely useful to offer will
buyer, who was building a market for other Beeple       endure and help shape the way our digital
NFTs, was motivated to ensure a high sale price.
      economy evolves.

There are also technical issues, in some cases          However, with the high legal and regulatory
caused by a massive influx of buyers and sellers,       costs of tokenization, and the large capital
that are threatening the NFT boom. With one of          investments required in technology and
the highest-profile NFT project that acted as a         infrastructure, companies need an intelligent
validator of the market, NBA Top Shot, customers        strategy that doesn’t rely on an ever-increasing
have reported huge challenges in getting their          token market cap.

money out from the platform, some waiting three
                                                        There needs to be a strong sense of realism
months or more for withdrawals. In many cases,
                                                        about the limitations of the tokenization, and
the state of the technology hasn’t scaled, and this
                                                        an awareness of the history of busts in the
will cause an investor backlash.

                                                        market. Blockchain can be a powerful tool for
When the NFT boom crashes – and its already             some business problems – but it’s not the
showing signs of doing so, especially with the          answer to every challenge, however much we
current price decline across the crypto market –        need optimism in the future of our economy
then this will reverberate throughout the token         right now.

economy, throwing thousands of projects into
question. I believe that the most likely outcome of
the 2021 token bubble is that much like in 2018,        Read more by Koleya Karringten HERE

scams and poor use cases will tarnish the market,
only the strongest and most regulatory compliant
projects will survive.

                                                                                                      14
UPCOMING FREE EDUCATIONAL
        CLASSES:

         July 8th 11:30 Am MST —

               12:30 PM MST

              REGISTER NOW

                                     15
Memory Express Gets
Ready to Launch Bitcoin
Marketplace
One of Canada’s favorite computer and IT services stores has been listening to its customers –
and after hearing about the growing needs of the crypto community, Memory Express is
preparing to launch a massive e-commerce marketplace in Q3 2021.

Bitcoin Marketplace will be a multi-portal online store that, after years of requests by the
company’s customers, will accept BTC as payment, with plans to support a range of other
altcoins in the future. Under development for the last four years, the platform is close to
beta-testing ahead of its launch later this year.

Founded in 1996, Memory Express brings a 25-year track record of service and success to its new
marketplace for the crypto sector. Leveraging its strong relationships to bring a wide variety of
product offerings far beyond of those available in retail stores, the company has developed a
strategically located network of distribution centers across Canada.

The long-term plans for Bitcoin Marketplace include moving beyond computers and electronics
to new products and services, as well as enabling other businesses from across the country to use
its platforms. This B2C storefront will create access to crypto payment options and a new
customer base to retailers across Canada, and Memory Express is planning for a scale of 1 million
product offerings from top brands.

The company is also planning for a B2B marketplace that adds more products and services
beyond the public storefront. For both platforms, users and customers will have the unique
benefits of Memory Express’s buying power and strong distribution relationships, fulfillment
logistics, and low initial costs and risks for inventory and start up.

Through providing a set of innovative solutions, Bitcoin Marketplace has the goal of becoming
the largest crypto-friendly electronics marketplace in Canada, helping both crypto entrepreneurs
and small retailers succeed in this competitive part of the technology industry.

                                                                                                 16
Perspective:

                                                        This would cause the demand of Dogecoin to
                                                        skyrocket which will also drive up the price
                                                        drastically. 

The Rise of                                              

                                                        What is the difference between Bitcoin and
Dogecoin                                                Dogecoin?

                                                        Dogecoin is an inflationary coin - as in, 5 billion
If you invested $1,000 in Dogecoin at the start of      new coins are created every year. Thus, there
2021, you would have made over 10,000%                  will be a decline of purchasing power as time
return on investment this year. The price of the        passes on, similar to current monetary systems.

cryptocurrency Dogecoin has skyrocketed over
                                                        However, Bitcoin is a deflationary coin as it
the past few months and has gained massive
                                                        creates scarcity unlike Dogecoin. There is a
media attention.

                                                        significant event that happens roughly every 4
 
                                                      years or after 210,000 blocks mined called the
What is “dogecoin”?
                                    “Bitcoin Halving”. This is when the reward for
Dogecoin is a cryptocurrency that was created as        Bitcoin miners gets halved. For example, in
a joke – essentially a parody of Bitcoin, in 2013       2019, the reward for a block mined was 50
by software engineers Billy Markus and Jackson          Bitcoins, following the halving, it turned to 25,
Palmer. The name is based off an Interest meme          then 12.5 and so on. Currently, the reward is
“doge”, where it features an Shibu Inu dog with         6.25 Bitcoins per block.

multicoloured text in the background.
                   
                                                      My thoughts

Why has the price increased so much this year?
         Although the price has increased drastically
 Firstly, there is the popularity of trading apps       over the few months, I think the growth is not
such as Robinhood and exchanges like Coinbase           sustainable over the long-term. This is due to
that allow Dogecoin to be purchased on their            the nature of this coin being inflationary –
platform. This attracted a significant amount of        prices should be going down due to the lack of
speculative retail investors entering the               scarcity. Many investors have also called this a
cryptocurrency space. This is due to Dogecoin           speculative bubble similar to the Dutch tulips
having a lower price point relative to Bitcoin and      during the Tulip mania in 1636. My piece of
Ethereum which lowers the barriers to entry.            advice would be that whenever you see the
Also, Dogecoin has been backed numerous times           “next big thing” being promoted on any
by Elon Musk and Mark Cuban on Twitter.                 mainstream media, it’s already too late to jump
When billionaire influencers endorse something          on the “hype train”.

like this, it will naturally create a large amount of    

hype and FOMO (“fear of missing out”) to their          Written by: Roger Zhou, Accountant, Deloitte

audience.                                                                                                     18
CANADA BLOCKCHAIN WEEK
    SEPTEMBER 20TH - 22ND 2021

     8:00 AM MST - 12:00 PM MST

           REGISTER NOW
                                  19
UPCOMING WEBINARS
         June 3rd, 2021

 11:30 AM MST - 12:30 PM MST

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                               20
Canadian
                                            Coinsquare

                                            Address: 590 King St W, Toronto, ON M5V
                                            1M3

Blockchain                                  Phone: +1 877-620-9006

                                            Website: coinsquare.com

                                            Contact: support@coinsquare.com

Directory                                   DLT Labs

                                            Address: 55 University Ave 12 Floor, Toronto,
                                            ON M5J 2H7

FINANCE                                     Phone: 647-350-8972

                                            Website: dltlabs.com

3IQ
                                       Contact: info@dltlabs.com

Address: 40 King St. West, Suite 1700,
Toronto, ON M5H 3Y2
                       Dominion Blockchain Solutions

Phone: 416-639-2130
                       Address: 250 Yonge Street, Suite 2201, Toronto,
Website: 3iq.ca
                           ON M5B 2L7

Contact: info@3iq.ca

                    Phone: 647-477-7767

                                            Website: dombit.ca

Bidali
                                    Contact: info@dombit.ca

Address: 630 8 Ave SW #600, Calgary,
AB T2P 1G6
                                DVeX

Phone: +1 866-302-4084
                    Address: 370 King Street West, Suite 701,
Website: www.bidali.com
                   Toronto, Ontario M5V 1J9

Contact: support.spend@bidali.com

       Website: dvex.io

                                            Contact: support@dvex.io

BIGG Digital Assets

Address: 1199 West Pender Street Suite      Ninepoint Partners

410 Vancouver, BC V6E 2R1
                 Address: 200 Bay St Suite 2700, Toronto, ON
Phone: 778-819-8704
                       M5J 2J1

Website: biggdigitalassets.com
            Phone: +1-888-362-7172

Contact: info@blockchaingroup.io

        Website: ninepoint.com

                                            Contact: invest@ninepoint.com

BitBuy

Address: 110 Cumberland St, Toronto,        RevoluGROUP

ON M5V 3V5
                                Address: Suite 1610 - 777 Dunsmuir Street
Website: bitbuy.ca
                        Vancouver, BC Canada V7Y 1K4

Contact: contact@bitbuy.ca.

             Phone: 604-687-3376

                                            Website: revolugroup.com

Bitcoin Well
                              Contact: info@RevoluGROUP.com

Address: 10142 82 Avenue NW,
Edmonton, AB T6E 1Z4
                      StableCorp

Phone: +1-888-711-3866
                    Address: 2967 Dundas Street West, #922,
Website: bitcoinwell.com
                  Toronto, ON M6P 1Z2

Contact: help@bitcoinwell.com.

          Phone: +1-833-862-4886

                                            Website: stablecorp.ca

Bitvo
                                     Contact: info@stablecorp.ca

Address: 500 4 Ave SW #2500,
Calgary, AB T2P 2V6
                       The AML Shop

Phone: +1-833-862-4886
                    Address: 130 Queens Quay East, West Tower,
Website: bitvo.com
                        Suite #506, Toronto, Ontario M5A 3Y5

Contact: support@bitvo.com.

             Phone: 1-877-701-0555

                                            Website: theamlshop.ca

Blockchain Foundry Inc.
                   Contact: contactus@theamlshop.ca

Address: 2300 Yonge Street, Suite
1600, Toronto, ON M4P 1E4
                 Virgo CX

Phone: 604-644-8767
                       Address: 45 Sheppard Ave E Suite 803, North
Website: blockchainfoundry.co
             York, ON M2N 5N1

Contact: sales@blockchainfoundry.co

   Phone: 416-583-1838

                                            Website: virgocx.ca

                                            Contact: support@virgocx.ca

                                                                                              21
WCSB Blockchain Infrastructure

Canadian                                   Address: 1500, 250 - 2 Street SW
                                           Calgary, Alberta T2P 0C1

                                           Phone: 587-475-0210

Blockchain                                 Website:
                                           www.tidewatermidstream.com

                                           Contact:
Directory                                  info@tidewatermidestream.com

                                           AGRICULTURE
                                           Grain Discovery

MINING                                     Address: 461 King St W 3rd floor, Toronto,
Bitfarms
                                 ON M5V 1K4

Address: 1376 Bayview Ave, Unit 1,         Website: graindiscovery.com

Toronto, ON M4G 3A1
                      Contact: info@graindiscovery.com

Phone: 514-277-3508

Website: bitfarms.ca
                     eXeBlock Technology

Contact: info@bitfarms.io

              Address: Suite 280 - 1090 W Georgia Street
                                           Vancouver, BC V6E 3V7

Cryptologic
                              Phone: 604-899-0106

Address: 5 Hazelton Avenue, Suite 300.     Website: exeblock.ca

Toronto, Ontario M5R 2E1
                 Contact: rrandall@exeblock.ca

Phone: 647-715-3707

Website: cryptologic.com
                 Farmers Edge

Contact: investor@cryptologic.com

      Address: 25 Rothwell Road, Winnipeg, MB
                                           R3P 2M5

DMG Blockchain
                           Phone: 1-866-724-3343

Address: 795 Hwy 395, Christina Lake,      Website: farmersedge.ca

BC. V0H 1E0
                              Contact: support@farmersedge.ca

Phone: 778-300-6115

Website: dmgblockchain.com
               TrustBIX

Contact: investors@dmgblockchain.com

   Address: 10607 82 St NW 2nd Floor,
                                           Edmonton, AB T6A 3N2

HIVE Blockchain
                          Phone: 780-456-2207

Address: 555 Burrard Street Vancouver,     Website: trustbix.com

British Columbia V7X 1M8
                 Contact: info@trustbix.com

Phone: 604-664-1078

Website: hiveblockchain.com

Contact: info@hiveblockchain.com

HUT 8

                                           ENERGY AND RESOURCES
Address: 130 King Street West, Suite       GuildOne Inc

1800. Toronto, Ontario, M5X 2A2
          Address: 333 5 Ave SW #940, Calgary, AB
Phone: 1-647-256-1992
                    T2P 3B6

Website: hut8mining.com
                  Phone: 403-209-3001

Contact: info@hut8mining.com

           Website: guild1.com

                                           Contact: support@guild1.com

Mining Colocation

Address: 7007 Islington Ave,               Mavennet

Woodbridge, ON L4L 1V8
                   Address: 129 Spadina Ave, Toronto, ON
Phone: 647-361-7442
                      M5V 2L3

Website: miningcolocation.com
            Website: mavennet.com

Contact: sales@miningcolocation.com

    Contact: info@mavennet.com

vBit Technologies
                        Peer Ledger

Address: 6403 Burbank Rd SE, Calgary,      Address: 1505 Barrington St #246, Halifax,
AB T2H 2E1
                               NS B3J 3K5

Phone: +1-877-220-4518
                   Phone: 902-452-6140

Website: vbitmining.com
                  Website: peerledger.com

Contact: marketing@vbitmining.com
m

    Contact: sales@peerledger.com

                                                                                        22
Canadian                                     Digital Finance Institute

                                             Address: 30 Wellington St W 5th Floor,

Blockchain                                   Toronto, ON M5L 1B1

                                             Phone: 604-601-2046

                                             Website: digitalfinanceinstitute.org

Directory                                    Contact:
                                             admin@digitalfinanceinstitute.org

                                             DIACC

                                             Address: 720 King Street West, Suite 302.
                                             Toronto, ON M5V3S5

                                             Website: diacc.ca

                                             Contact: info@diacc.ca

EDUCATION AND
RESEARCH
Blockchain Research Institute

Address: 111 Peter St Unit 503, Toronto,     DIGITAL IDENTITY
ON M5V 2H1

Phone: 416-863-8809
                        Bluink

Website: blockchainresearchinstitute.org
   Address: 137 Second Ave, Ottawa, ON
Contact:                                     K1S 2H4

info@blockchainresearchinstitute.org

     Phone: 613-695-9585

                                             Website: bluink.ca

Blockchain Finance Academy
                 Contact: info@bluink.ca

Address: 8888 Keele Street Vaughan, ON
L4K 2N2
                                   1D Network

Phone: 905-669-8858
                        Address: 204, 240 11th Ave SW, Calgary
Website: bf.academy
                        AB T2R 0C  3

Contact: info@bf.academy

                 Phone: 647-215-8580

                                             Website: 1dnetwork.com

Canadian Blockchain Consortium
             Contact: support@1d.networ    k

Address:

Phone:
                                    SecureKey Technologies

Website: canadablockchain.ca
               Address: 4101 Yonge St #501, North York,
Contact: info@canadablockchain.ca

        ON M2P 1N6

                                             Phone: 416-477-5625

Canadian Blockchain Association for          Website: securekey.com

Women
                                      Contact: info@securekey.co  m

Address: 510 6th Ave SE, Calgary AB T2G
1L7
                                        Terrahub Technologies

Phone: 647-215-8580
                        Address: Suite 1500, 125 9 Ave SE,
Website: cbaw.io
                           Calgary, AB T2G 0P6

Contact: info@cbaw.io

                    Phone: 403-968-8471

                                             Website: terrahub.ca

Canadian Blockchain Supply Chain             Contact: info@terrahub.ca

Association

Address: 1403 Rue Denault, Chambly, QC
J3L 0C4

Phone: 438-800-2311

Website: cbsca.ca

Contact: info@cbsca.ca

                                                                     ’
                                              We are Canada s largest not
                                                  for profit industry
CryptoChicks
                                                z
                                               organi ation dedicated to
Address: #1109 33 Singer Crt, Toronto,
ON, M2K0B4

Phone: 1-833-224-4257

                                                 supporting Canada s               ’
Website: cryptochicks.ca
                      technology ecosystem
Contact: stayintouch@cryptochicks.ca

                                                                                         23
Canadian                                    ITM House

                                            Address: 260 Carlaw Ave, Toronto, ON
                                            M4M 3L1

Blockchain                                  Phone: +1-833-486-3387

                                            Website: itmhouse.com

Directory
                                            Contact: info@itmhouse.com

                                            TTT Studios

                                            Address: 777 Dunsmuir St #1250,
                                            Vancouver, BC V7Y 1G6

                                            Phone: +1 888-315-4476

                                            Website: ttt.studio

                                            Contact: info@ttt.studio

DEVELOPEMENT                                Winterwind

Antino Labs Private Limited
              Address: 3168 Riverwalk Ave, Vancouver,
Address: 13352 105a Ave, Surrey, BC V3T     BC. Canada

2A5
                                       Website: winterwind.com

Phone: (236) 880-7362
                     Contact: anthony@winterwind.com

Website: antino.io
                        ProofSys Inc.

Contact: info@antino.io

                 Address: 1 Yonge Street, Suite 1801
Aversan Labs
                              Toronto, ON M5E 1W7 Canada

Address: 30 Eglinton Ave W, Mississauga,    Website: https://proofsys.io

ON L5R 3E7
                                Contact Support: info@proofsys.io

Phone: (416) 289-1554

Website: aversanlabs.com

Contact: info@aversanlabs.com

Bitswift Technology Solutions

Address: 556 O'Connor Dr #123b,
Kingston, ON K7P 1N3
                     WANT TO BE LISTED
Phone: (613) 766-1110

Website: bitswift.tech
                    IN THE CANADIAN
Contact: hello@bitswift.tech

                                               BLOCKCHAIN
Brainsmiths Labs

Address: 26730 56th Ave, Unit 103              DIRECTORY?
Aldergrove BC V4W 3X5

Phone: +1-818-284-6556
                     PLEASE SUBMITT
Website: brainsmiths.com

Contact: support@brainsmithlabs.com

    YOUR REQUEST TO
Gyroscopic Inc.
                          INFO@CANADABLO
Address: 270 George St N #301,
Peterborough, ON K9J 3H1
                     CKCHAIN.CA
Phone: (647) 885-7687

Website: gyroscopic.ca

Contact: contact@gyroscopic.ca

HebronSoft

Address: 70 King St. West Suite 805
Toronto, Ontario.

Phone: +38-097-821-8443

Website: hebronsoft.com

Contact: сontact-us@hebronsoft.com

                                                                                      24
canadablockchain.ca
Contact Us: info@canadabloclkchain.ca

Location: Calgary, Alberta

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