News & Media

The latest news from Quarry and the world of Cryptocurrency

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  • Hong Kong-based First Digital launches new USD-backed stablecoin 1 June 2023
    First Digital’s stablecoin FDUSD will be pegged on the US dollar and regulated in Asia, the Hong Kong-based company said. All reserves will be held in segregated accounts at regulated financial institutions. The FDUSD stablecoin will launch on the BNB Smart Chain. First Digital, a Hong Kong-based qualified custodian and registered trust company, has launched […]
    Benson Toti
  • SYS Labs announces mainnet release for Rollux 1 June 2023
    SYS Labs has scheduled the Rollux mainnet launch date as June 28, 2023. Rollux is an EVM-compatible Layer-2 scaling platform. The mainnet launch is expected after a successful testnet and positive feedback from the community. SYS Labs has announced the mainnet release of its EVM-L2 scaling platform Rollux will be on June 28, 2023. Rollux […]
    Benson Toti
  • MakerDAO votes to drop Pax Dollar (USDP) stablecoin from its reserves 1 June 2023
    The MakerDAO community has voted to ditch Pax Dollar (USDP) stablecoin worth $500 million from its reserves. Maker’s treasury holds roughly half of the USDP’s $1 billion supply. New York state regulators in February forced Paxos to halt minting Binance USD (BUSD) stablecoin. The decentralized finance (DeFi) lending protocol MakerDAO’s community has voted to drop […]
    Charles Thuo
  • Circle to launch USDC natively on Arbitrum 1 June 2023
    USDC natively issued by Circle will become the official version of the stablecoin on Arbitrum. The company expects native USDC to gradually replace “bridged USDC” liquidity from Ethereum. Circle says the launch will go live on June 8 and the Arbitrum Foundation will help ensure smooth transition for ecosystem apps. Stablecoin issuer Circle has announced […]
    Benson Toti
  • Devour & Alterverse Partner to Bring the World’s First Web3 Food Ordering Marketplace to the Metaverse 1 June 2023
    Phoenix, AZ, June 1st, 2023, Chainwire Devour, a pioneering restaurant engagement technology company, is thrilled to announce its strategic partnership with AlterVerse, an innovative force in the gaming industry. The collaboration aims to revolutionize the restaurant and gaming experience by expanding DevourGO, Devour’s web3 enabled guest engagement platform, to the upcoming release of AlterVerse’s Sky […]
    Chainwire  

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

Chief Operating Officer

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.

David Campbell

Financial Advisor

David Campbell is an experienced financial executive and Financial Advisor to Quarry Dynamics.  David has significant experience as CFO for many private and public technology companies over the last 30 years, including taking 3 companies public as CFO and doing numerous acquisitions, divestitures, debt and equity raises.   David earned his CFA designation in 1996 and started his career as a venture investor for a C$800 million fund.  He currently spends most of this time as President of Hammond Paper Company, a paperboard distribution and converting company he acquired in 2017. 

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.