In Bitcoin and cryptocurrency, mining is the mechanism used to create and verify (consensus) transaction on the blockchain. There is a lot that has been written about Bitcoin and cryptocurrency but many are still uncertain about how it all works together. When trying to understand cryptocurrency, one must simply look at the digital currency we use today. Most of our…
Bitcoin vs Fiat currency, whats the difference? In this article we are going to look at Bitcoin vs fiat currency and the major differences between the two… Bitcoin, what is it? Can I put it in my bank account? Can I stash some Bitcoins under my mattress? Many have entered the market and have bought or traded in crypto, but…
Canadian Securities & Crypto Guidelines Canadian Securities Administrators Provide Clarity With Additional Crypto Guidelines In recent years, owing to a meteoric rise in the popularity of cryptocurrencies like Bitcoin, regulators all around the world have started taking regulations for this nascent industry very seriously. As the overall ecosystem is still developing, regulators are trying to comprehend the complex issues so…
How To Profit From Bitcoin Since bitcoin is a new groundbreaking technology, many people want to get on the ground floor to reap potentially great returns in the future. The interest in bitcoin in Canada has skyrocketed in recent times and it seems like Canadians are highly interested in making those bitcoin profits. In this article, we will be talking…
Bitcoin Investment In Canada The technology industry has probably created more wealth than any other sector in history. The people who got in at the right time during the dot com bubble in the 90s reaped huge returns. Similarly, those who got involved in the smartphone revolution saw gargantuan wealth creation. We are at the cusp of another such…
Bitcoin Halving 2020: What You Need to Know Cryptocurrencies are quickly becoming the talk of the town throughout the world. In Canada, bitcoin is especially seeing immense popularity which is poised to lead the Canadian cryptocurrency market to prominence. It’s already one of the most important bitcoin markets in the world. However, every new piece of technology comes with its…
How to buy Litecoin in Canada What is Litecoin Money is generated and governed by individual countries, however, Litecoin (LTC) and other cryptocurrencies have changed that and have become revolutionary. Cryptocurrencies have created a global currency that is not associated with any sovereign country and can be used by anyone in the world. Like Bitcoin, Litecoin is a peer-to-peer…
Tax on bitcoin in Canada- All you need to know In this article we will be discussing all you need to know about tax on bitcoin in Canada…. Bitcoin and other cryptocurrencies are entirely new avenues of earning income for Canadians and people worldwide. In the past few years, cryptos have proved to be a great source of generating revenue,…
How to Hold Bitcoin In Your TFSA and RRSP Holding Bitcoin In Your TFSA and RRSP – Bitcoin and other cryptocurrencies are proving to be great investments in recent times. Investors all around the globe are therefore trying their best to find different avenues to get involved. Some buy bitcoin directly on exchanges while some prefer peer-to-peer networks. Some use…
Easiest way to get bitcoins in Canada Easiest way to get bitcoins in Canada Canadians have always welcomed Bitcoin even though they have been known to be very conservatives investors. A report published by the Bank of Canada, (BOC) in 2018 Survey: “Awareness and Usage,” made several discoveries. One of notable findings is that approximately five percent of Canadians are…
How Canadians Feel About Bitcoin-Survey Bitcoin and other cryptocurrencies have taken the world by storm. In only just a decade, it was able to grab the attention of everybody. From retail investors to regulators, everyone has shown interest to understand them. One of the main reasons for this is the incredible price rise of these cryptos. In fact, bitcoin was…
How To Make Money With Crypto Arbitrage There are many ways to make money in the world of cryptocurrencies. Some of these are really common ones and most people already know about them. These are trading for bitcoin profits, mining, buying and holding and more. However, there is one more way that is not often talked about much. But, this…
2018, in Canada, People preferred cash for only 1 out of 3 transactions. In many countries, the percentage is even lower. The trend of paying direct cash is changing, as online stores and other e-stores encourage cashless payments. Ultimately, this is where digital currencies play their role. What is digital currency Digital currency is a currency that is available in…
Cryptocurrency are at that point where they are about to explode into the mainstream. If you are knowledgeable about the history of other technologies, you will come to the same conclusion yourself. That is why it is so important to be equipped with the relevant information. For instance, you should know the critical role that the Canadian crypto exchange will…