News & Media

The latest news from Quarry and the world of Cryptocurrency

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  • PI coin price prediction as it drops below $1 despite $100m Pi Network Ventures launch 16 May 2025
    The PI coin has dropped to $0.803 despite the $100M Pi Network Ventures fund launch. The Pi Network Ventures fund targets startups to boost PI’s real-world utility. Bearish technicals suggest PI may fall to $0.75 or lower. Pi Network’s Pi Coin has seen a drastic 10% drop in price over the past 24 hours despite […]
    Charles Thuo
  • Onyxcoin price soars as 24-hour volume explodes 600% 16 May 2025
    Onyxcoin (XCN) price soared 16% as the altcoin outpaced peers. Gains for XCN came as daily volume rose by more than 600%. Most altcoins are trading green on the daily and weekly time frames amid risk-on sentiment. Onyxcoin (XCN) is outpacing most altcoins in the past 24 hours as interest in the token sends its […]
    Benson Toti
  • UK confirms crypto tax data rules under CARF; first deadline set for May 2027 16 May 2025
    CASPs must collect all user data but report only on UK and CARF tax residents. Service providers will incur up to £300 penalty per user for non-compliance. UK aligns with over 40 jurisdictions pushing for crypto tax transparency. The UK government has confirmed it will implement new crypto tax data rules under the Organisation for […]
    Diya Poddar
  • BRICS may adopt Ripple’s XRP to bypass dollar in gold-backed trade push 16 May 2025
    Russia’s SWIFT exclusion in 2022 spurred alternative system planning. BRICS members seek autonomy in international settlements. XRP’s speed and cost-efficiency seen as ideal for institutional use. A new theory circulating among cryptocurrency and geopolitical analysts suggests that BRICS nations—Brazil, Russia, India, China, and South Africa—may be working behind the scenes to develop a gold-backed financial […]
    Diya Poddar
  • Top crypto to buy as Saudi Central Bank reveals exposure to MSTR 16 May 2025
    Bitcoin and other crypto assets have been in an uptrend in recent sessions after the Saudi Central Bank (SAMA) confirmed significant exposure to MicroStrategy Inc. According to SAMA’s latest 13F filing, it owns a total of 25,656 shares of the business intelligence firm that has successfully transformed into a Bitcoin-proxy over the past few years. […]
    Wajeeh Khan

Micah Whittaker

Mining & Facility Supervisor

A Sumter County native, Micah studied Political Science at Georgia Southwestern State University and served for seven years in the Georgia Army National Guard as a Sergeant and Crew Chief aboard the UH-60L Blackhawk helicopter. After being honorably discharged from the Army, Micah began to cultivate his passion for Cryptocurrency.  Having successfully completed his ASIC Miner Repair Technician Certification, he is now pursuing his Bitcoin Certified Professional designation.  Micah’s exceptional work ethic and attention to detail have garnered him a crucial and valuable member of Team Quarry.

Tracey Demarest

Director of U.S. Operations

Tracey brings over 25 years of corporate management and operations experience to her role with Quarry.  Tracey’s degree in Information Technology compliments her extensive background in private and non-profit leadership and has resulted in her proven ability to strategically and successfully drive corporate initiatives.  A lifelong learner, she holds several financial services licenses in addition to her Blockchain Council – Certified Cryptocurrency Auditor designation.  A problem solving, goal oriented professional, Tracey is well suited to spearhead Quarry’s U.S. Operations.

David Lee

President

David is a seasoned engineer & entrepreneur with expertise in technology infrastructure. With over 20 years of industry experience. David has enabled clients and partners to innovate critical IT infrastructure and deploy solutions across multiple industries. David has collaborated with Fortune 500 companies to set enterprise strategy, modernize applications and build, run and maintain IT environments. David is a licensed Professional Engineer of Ontario with a Masters of Engineering, and Co-Founder of IT PRO CANADA and other venture companies.

Captin Sabapathy

Chief Executive Officer

An expert at fulfilling any business requirements into technical solutions architecture, Captin is widely recognized for his innovative approach to design, implementation and management of Information Technology products and services. He has been instrumental in designing and building technology platforms for multiple Fortune 500 companies across the globe. His expertise in the modeling of large-scale systems enable his clients to rapidly adopt new technology solutions. Captin is the Co-Founder of IT PRO CANADA and other venture companies. 

Michelle Demarest

operations advisor

A highly skilled Program and Project Management professional collaborating with companies across Canada and the United States, Michelle utilizes her 20+ years of technical knowledge along with strategic insights, to create and deliver enhanced integration and automation for large-scale technology startups.  Renowned for her ability to successfully manage complex projects, Michelle has a certification in Cryptocurrency from MIT, as well as certifications in Project Management (PMP), Six Sigma, Certified Bitcoin Professional (CBP) and is one of only 6000 Certified Information Security Professionals (CISSP) in Canada.

Dave Raymond

Executive Chairman

Dave is the President of Erinwood Ford Mississauga, Canada where his day-to-day responsibilities include managing over 100 employees, implementing processes to maintain award winning customer satisfaction, excellent employee moral and deploying new technologies to grow profit. Dave is also active in many other companies with a wide-ranging focus.  Mr. Raymond’s philanthropic work also includes as many as 15 charities including being a sponsor of the Erindale Collegiate and the Character Counts Award, Salvation Army’s Toy Mountain and Board Member of St. Joe’s Hospital.

Sean D'Angio

Financial Advisor

Sean is a seasoned chartered accountant specializing in corporate finance, particularly in FP&A and financial control, with a dedicated focus on the technology-driven renewables sector—spanning energy provision, clean transportation, and clean tech manufacturing. He excels in leveraging his financial acumen to contribute significantly to strategic positioning and oversight. His expertise in financial modeling, data architecture, systems deployment, and management information reporting is instrumental in driving value and providing critical insights. 

Patrick Forbes

Advisor

Patrick Forbes has decades of experience as an entrepreneur in areas ranging from construction and property development to software development and telecommunications.  Mr. Forbes’ business experience includes executive level management, finance, administration, sales, product research, operations, strategic and tactical & operations planning, logistics and deployment.  Pat is the former Chief Executive Officer of Trade 360 Corporation, a privately held Ontario corporation and has been the President and the Chairman of the Board of additional Ontario private and public companies.

Mark Fletcher

Corporate Legal Counsel

Mark Fletcher, J.D. acts as consulting Senior Corporate Counsel to Quarry Dynamics Inc.  Mark has many years’ experience at the nexus of business, law, and finance with emphases on corporate governance, capital markets, corporate finance, and mergers and acquisitions.  In addition to many years in private practice, his experience includes:  serving as General Counsel to public and private corporations; serving on the Boards of Directors of public and private corporations; and, serving as Chief Executive Officer of a publicly-traded biotechnology corporation.