The Canadian Bitcoiners Podcast - Bitcoin News With a Canadian Spin

It’s been an absolute whirlwind in the Bitcoin ecosystem, and the Canadian Bitcoiners are here to make sense of the noise.
On this episode, we unpack the widening fallout from the Coldcard vulnerability, dive deep into the contentious BIP-110 proposal and the looming threat of a chain split, and break down why infrastructure providers like Boltz and Zeus had to take services offline following a wave of AI-assisted attacks. Plus, BTCPay Server urges users to upgrade, corporate treasuries like MSTR and MARA make moves on their Bitcoin stacks, and we share our thoughts on what all of this means for the future of self-custody and network security.
Grab a drink, tune in, and let's get into it!

#Bitcoin #BIP110 #Coldcard #CryptoNews #LightningNetwork #SelfCustody #CanadianBitcoiners
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🔒 easyDNS — Canadian-owned, ICANN-accredited registrar that has accepted Bitcoin since 2013. Domains, DNS, email, hosting, all without selling you out. Use promo code **CBP Media** for 50% off your first purchase, no limits.→ https://easydns.com
⚡ Bull Bitcoin — Canada's non-custodial, Bitcoin-only exchange. Founded 2013 in Montreal. They never hold your keys; you self-custody from day one. CBP listeners get 25% off fees for life.→ https://app.bullbitcoin.com/registration/cbp
🔥 256 Heat — Hashrate heaters: Bitcoin miners purpose-built to heat a space. Every watt of electricity becomes heat AND hashrate, so you're warming your space and stacking sats at the same time. Custom solutions available. Tell them CBP sent you for a discount.→ https://256heat.com
🎓 Bitcoin Mentor — One-on-one coaching to take you from "I bought some Bitcoin" to true self-sovereign ownership. Wallets, keys, collaborative custody, inheritance planning, node setup, the whole stack. 30-day money-back guarantee on every package.→ https://btcmentor.io/aff/joey————————————————————————————————FOLLOW THE SHOW
🎙️ CBP — https://x.com/CanadianBTCPod
👤 Joey — https://x.com/joeytweeets
👤 Len — https://x.com/thebtcpricebot————————————————————————————————

Coldcard vulnerability explained: $89 million in Bitcoin gone in four days — the thief never touched a device.Full show notes & past episodes → https://canadianbitcoiners.comCoinkite is a Toronto company. The Coldcard is the Bitcoin hardware wallet serious self-custody people trust. On July 30th an attacker swept 1,082 BTC out of 1,196 addresses in 41 minutes, then kept going. Block's engineers found the cause: one mis-written line in Coinkite's own library meant Coldcards had been generating seeds from a predictable number generator instead of the hardware chip. Since March 2021. Nineteen hundred and sixty-one days.Nobody was hacked. No device opened, no server breached, no malware installed. The keys were calculated offline from public data, and the blockchain checked which guesses had money on them. If you rolled 50 or more fair, private dice rolls setting your Coldcard up, Coinkite says that seed isn't at risk from this bug. If you didn't, move your coins.In this episode of the Canadian Bitcoiners Podcast:— How one keyword collapsed seed entropy from 128 bits to roughly 40 on Mk2/Mk3 (about 72 on Mk4, Mk5 and Q)— Why "Coldcard was hacked" is the wrong headline, and why the distinction matters— NVK: "I'm sorry and I'm devastated" — and the AI excuse nobody's buying— The 2021 commit that shipped seed-generation code with no pull request— Coinkite emailing customers back to 2019, and the privacy problem that raises— What Strategy's June 29 filing actually authorizes on BTC sales, and what it doesn't— Saylor's company has sold 3,620 BTC in 2026 at ~$60k against a $75,476 cost basis— Apple sued for $1.8M over a fake Sparrow Wallet that passed App Store review— Ford and Piccini's $11,700 Disney trip, Grewal's ads in his father's paper— Groceries top what's draining Canadian bank accounts: 76% say so— 50,000 applications for 700 CNE jobs, realtor counts falling, Peel shootings up— Chow vs. Ford on the waterfront, Billy Bishop, and the Alto deal falling apart— Ottawa bought 3,196 motorbikes for Ghanaian farm agents and never budgeted the gas— New York's municipal grocery stores at 30% off— Tens of thousands storm Ceuta as Spain counts its dead— Fauci takes the Fifth, more than 100 timesSelf-custody didn't fail this week. A software supply chain did. Dice, passphrases, verification and multisig exist for exactly this — and the people who used them still have their Bitcoin.— Canadian Bitcoiners Podcasthttps://canadianbitcoiners.com — subscribe and turn on notifications for the Monday show.#Bitcoin #Coldcard #CanadianBitcoiners #Coinkite #SelfCustody #MSTR #BitcoinNews #BitcoinCanada————————————————————————————————SPONSORS🔒 easyDNS — Canadian-owned, ICANN-accredited registrar that has accepted Bitcoin since 2013. Domains, DNS, email, hosting, all without selling you out. Use promo code **CBP Media** for 50% off your first purchase, no limits.→ https://easydns.com⚡ Bull Bitcoin — Canada's non-custodial, Bitcoin-only exchange. Founded 2013 in Montreal. They never hold your keys; you self-custody from day one. CBP listeners get 25% off fees for life.→ https://app.bullbitcoin.com/registration/cbp🔥 256 Heat — Hashrate heaters: Bitcoin miners purpose-built to heat a space. Every watt of electricity becomes heat AND hashrate, so you're warming your space and stacking sats at the same time. Custom solutions available. Tell them CBP sent you for a discount.→ https://256heat.com🎓 Bitcoin Mentor — One-on-one coaching to take you from "I bought some Bitcoin" to true self-sovereign ownership. Wallets, keys, collaborative custody, inheritance planning, node setup, the whole stack. 30-day money-back guarantee on every package.→ https://btcmentor.io/aff/joey————————————————————————————————FOLLOW THE SHOW🎙️ CBP — https://x.com/CanadianBTCPod👤 Joey — https://x.com/joeytweeets👤 Len — https://x.com/thebtcpricebot

Coldcard vulnerability explained: $89 million in Bitcoin gone in four days — the thief never touched a device.Full show notes & past episodes → https://canadianbitcoiners.comCoinkite is a Toronto company. The Coldcard is the Bitcoin hardware wallet serious self-custody people trust. On July 30th an attacker swept 1,082 BTC out of 1,196 addresses in 41 minutes, then kept going. Block's engineers found the cause: one mis-written line in Coinkite's own library meant Coldcards had been generating seeds from a predictable number generator instead of the hardware chip. Since March 2021. Nineteen hundred and sixty-one days.Nobody was hacked. No device opened, no server breached, no malware installed. The keys were calculated offline from public data, and the blockchain checked which guesses had money on them. If you rolled 50 or more fair, private dice rolls setting your Coldcard up, Coinkite says that seed isn't at risk from this bug. If you didn't, move your coins.In this episode of the Canadian Bitcoiners Podcast:— How one keyword collapsed seed entropy from 128 bits to roughly 40 on Mk2/Mk3 (about 72 on Mk4, Mk5 and Q)— Why "Coldcard was hacked" is the wrong headline, and why the distinction matters— NVK: "I'm sorry and I'm devastated" — and the AI excuse nobody's buying— The 2021 commit that shipped seed-generation code with no pull request— Coinkite emailing customers back to 2019, and the privacy problem that raises— SparkKitty malware reading photo galleries for seed phrase screenshots— Apple sued for $1.8M over a fake Sparrow Wallet that passed App Store review— Celsius' old mining rigs became an AI data centre, listed at $2.8B— Bitcoin Independence Day: what August 1st still means nine years on— Ford and Piccini's $11,700 Disney trip, Grewal's ads in his father's paper— The Supreme Court tells Parliament it can't put a watchdog beyond the courts— Groceries top what's draining Canadian bank accounts: 76% say so— 50,000 applications for 700 CNE jobs, realtor counts falling, Peel shootings up— Chow vs. Ford on the waterfront, Billy Bishop, and the Alto deal falling apart— Ottawa bought 3,196 motorbikes for Ghanaian farm agents and never budgeted the gas— New York's municipal grocery stores at 30% offSelf-custody didn't fail this week. A software supply chain did. Dice, passphrases, verification and multisig exist for exactly this — and the people who used them still have their Bitcoin.— Canadian Bitcoiners Podcasthttps://canadianbitcoiners.com — subscribe and turn on notifications for the Monday show.#Bitcoin #Coldcard #CanadianBitcoiners #Coinkite #SelfCustody #MSTR #BitcoinNews #BitcoinCanada————————————————————————————————SPONSORS🔒 easyDNS — Canadian-owned, ICANN-accredited registrar that has accepted Bitcoin since 2013. Domains, DNS, email, hosting, all without selling you out. Use promo code **CBP Media** for 50% off your first purchase, no limits.→ https://easydns.com⚡ Bull Bitcoin — Canada's non-custodial, Bitcoin-only exchange. Founded 2013 in Montreal. They never hold your keys; you self-custody from day one. CBP listeners get 25% off fees for life.→ https://app.bullbitcoin.com/registration/cbp🔥 256 Heat — Hashrate heaters: Bitcoin miners purpose-built to heat a space. Every watt of electricity becomes heat AND hashrate, so you're warming your space and stacking sats at the same time. Custom solutions available. Tell them CBP sent you for a discount.→ https://256heat.com🎓 Bitcoin Mentor — One-on-one coaching to take you from "I bought some Bitcoin" to true self-sovereign ownership. Wallets, keys, collaborative custody, inheritance planning, node setup, the whole stack. 30-day money-back guarantee on every package.→ https://btcmentor.io/aff/joey————————————————————————————————FOLLOW THE SHOW🎙️ CBP — https://x.com/CanadianBTCPod👤 Joey — https://x.com/joeytweeets👤 Len — https://x.com/thebtcpricebot————————————————————————————————

🚨 URGENT BITCOIN SECURITY ALERT 🚨A critical security flaw has hit older Coldcard hardware wallets, resulting in a massive on-chain sweep where roughly 594 BTC (valued at over $38 million) was stolen from hundreds of single-signature wallets. Coinkite has issued an urgent warning regarding Coldcard Mk3 devices (and certain firmware versions) where the device generated entropy was dangerously low....dropping from the expected 128 bits down to roughly 40 bits.In this live stream, we break down:• Exactly what went wrong with the Coldcard Mk3 random number generator (RNG) / entropy fallback.• How attackers were able to brute-force and sweep vulnerable wallets.• Which models and firmware versions are affected (Mk3 vs. Mk4/Mk5/Q).• Step-by-step instructions on what you need to do RIGHT NOW if you generated a seed on an affected device.• Temporary mitigations (like strong BIP-39 passphrases) vs. permanent migration.Don't panic, but take action immediately. Drop your questions in the live chat!---🔗 RESOURCES & OFFICIAL ADVISORIES:• Coinkite Official Blog / Security Notice: https://blog.coinkite.com/• Check Mempool Transaction Details: https://mempool.space/• Coldcard Vulnerability & Wallet Entropy Best Practices: https://btcmaxis.com/article.html?id=7554e7cb-d8aa-45d5-95c8-adea8d87ea23---The Canadian Bitcoiners Podcast - New episodes weekly.X: https://x.com/CanadianBTCPodJoey: https://x.com/joeytweeetsLen: https://x.com/thebtcpricebotSite: https://canadianbitcoiners.com#Bitcoin #Coldcard #CryptoSecurity #HardwareWallet #CryptoNews

Nine of the biggest names in finance put up $15 million between them. IBM alone is spending $10 billion.On July 23 the Bitcoin Security Consortium launched: BlackRock, Coinbase, Strategy, Block, Blockstream, Anchorage Digital, ARK Invest, Fidelity Digital Assets and Galaxy, pledging $15 million over three years for post-quantum research. There is no pooled fund and no governance role over the protocol — every firm writes its own cheques, and Brink's Mike Schmidt coordinates the whole thing as an unpaid volunteer. Joey and Len take the obvious objection seriously and then take the other side seriously too, because that structure was built specifically to make capture harder, not easier.The number everyone will repeat is 6.9 million BTC — roughly $460 billion — sitting in address types a working quantum computer could empty. That's a Google Quantum AI estimate, and estimates vary widely: other researchers put the exposed share anywhere from 20% to 50% of supply. No such machine exists. Adam Back says decades. Project Eleven's CEO says 2029 worst case, 2033 base case.Then: Jack Mallers walks away from Twenty One Capital and the treasury model keeps coming apart — Satsuma liquidating all 668 BTC, Sequans down more than 80%, Strategy selling 3,588 coins to fund a dividend. And CertiK's numbers on physical attacks against holders, including Canada's own file.Plus Clown World North: a Vancouver council hearing took public comment from Los Angeles, Ottawa waived the reporting requirements on a $12.1 million grant that has produced zero excavations in five years, and Alberta pulled a 2.4-pound goldfish out of a stormwater pond.The Canadian Bitcoiners Podcast - New episodes weekly.X: https://x.com/CanadianBTCPodJoey: https://x.com/joeytweeetsLen: https://x.com/thebtcpricebotSite: https://canadianbitcoiners.com#Bitcoin #BitcoinSecurity #Quantum #Canada