The best and the worst performers of the past 7 days, plus OTC desk insights.
The legal status of cryptocurrency in Canada is quite favorable. In 2014, the Canadian government declared that cryptocurrencies, including Bitcoin, are not considered legal tender but are recognized as a form of digital currency.
Cryptocurrency trading has gained popularity in recent years, but not without its fair share of controversy and regulatory hurdles. One such example is the recent exit of Bybit, a popular cryptocurrency exchange, in Canada.
Canadians have several alternative options to Binance, such as Coinsquare, Netcoins, NDAX, Shakepay, and Newton, for secure and informed financial decisions.
Bitcoin extractors leverage machine-learning algorithms and cryptographic calculations: These tools utilize sophisticated algorithms and calculations to analyze patterns and identify potential threats.
Bitcoin cloud mining refers to the process of remotely mining Bitcoin by utilizing shared processing power from a third-party provider. It allows individuals to participate in Bitcoin mining without having to own and manage their own hardware.
Bitcoin and Bitcoin Cash are cryptocurrencies that emerged as a result of the Bitcoin scaling debate. This debate centered around finding a solution to Bitcoin’s scalability issues, which were hindering its ability to handle a large number of transactions effectively.
Netcoins understands the importance of transparency in our platform, and has put together a Proof of Reserves for its Canadian operation.
With the rise of Bitcoin, Twitter has introduced a new feature that allows users to tip each other using this cryptocurrency. This innovative system aims to enhance engagement and reward content creators on the platform.
The recent decisions made by the SEC have the potential to open doors for a Bitcoin ETF and bring significant changes to the market. This development could have a profound impact on the cryptocurrency industry.
The Silk Road, created by Ross Ulbricht, played a significant role in the history of online drug trade and dark web marketplaces. It changed the way illegal goods were bought and sold, utilizing the anonymity provided by the Tor network.
Ripple recently announced a grand celebration in August 2023 following its win in the lawsuit, reigniting talk about the possibility of an IPO
Netcoins remains the only Canadian crypto platform that has not delisted XRP despite past delistings on other exchanges in the country. Although some other platforms have relisted, Netcoins remains unwavering.
MicroStrategy’s share of the total Bitcoin supply is notable: Considering the total Bitcoin supply, MicroStrategy’s ownership represents a significant portion, highlighting its influence in the crypto market.
The need for security measures in cryptocurrency: With the increasing popularity and value of cryptocurrencies, the need for robust security measures is paramount to protect user investments and ensure the long-term viability of the crypto ecosystem.
Canadian Bitcoin ownership is growing rapidly: There has been a significant increase in the number of Canadians owning Bitcoin, indicating a growing interest in cryptocurrency.
In 2021, Canada had access to abundant, low-cost, sustainable energy, a highly skilled workforce, a cold climate, underutilized industrial infrastructure, and a relatively stable and secure political environment, which positioned it as a global leader in Bitcoin mining.
The identity of Satoshi Nakamoto, the creator of Bitcoin, remains a mystery. Despite various speculations and investigations, Nakamoto’s true identity has not been conclusively determined.
Social media plays a crucial role in the success of Shiba Inu cryptocurrency: Through social media platforms, Shiba Inu has gained widespread visibility and increased adoption among cryptocurrency enthusiasts.
Shiba Inu is a spin-off of Dogecoin and aims to be the “Dogecoin Killer.” It has its own ecosystem, including the decentralized exchange ShibaSwap. Dogecoin, on the other hand, was originally launched as a joke but gained unexpected traction.
Shiba Inu’s meteoric rise: Shiba Inu has emerged as a prominent meme coin in the cryptocurrency market, showcasing its potential to defy expectations and gain widespread attention as a digital asset.
Tether has taken steps to increase transparency in its operations. The latest Q1 2023 Assurance Report from Tether Holdings Limited, completed by BDO Italia, confirms the accuracy of Tether’s Consolidated Reserves Report (CRR).
The top stablecoins for investing and trading include USDT, USDC, BUSD, DAI, GUSD, PAX, and TUSD. These stablecoins offer stability and are widely used in the cryptocurrency industry. Stablecoins use different stability mechanisms to maintain their value.
USDT maintains its peg to the U.S. dollar by ensuring that it holds enough actual currency in reserves to back each token. This means that for every USDT token in circulation, there should be an equivalent amount of U.S. dollars held in reserve.