Why is Bitcoin Rising? Cryptocurrency Adoption in Canada
By: Pamela Porter on Nov 5, 2019
Since the early days of Bitcoin, a large number of alternative cryptocurrencies have emerged, including Ethereum, Litecoin, and Ripple. These altcoins, short for alternative coins, are based on the Bitcoin blockchain, aiming to address Bitcoin’s shortcomings. For instance, Litecoin facilitates payments approximately four times faster than Bitcoin at a fraction of the cost. While most … Continued
Bitcoin Improvement Proposal (BIP) 91 combines Segwit2x and BIP-148 to avoid a Hard Fork. Miners began signaling for BIP-91 before July 21st and this is great news for those who wanted to avoid a chain split in the network. BIP-91 activation requires 80% hashrate and needs to continue for a 336 block period in order … Continued
Bitcoin’s price has dropped as low as 1851.66 USD and 2357.14 CAD within the last 60 days. With August 1st soon approaching, the trajectory of Bitcoin Core (BTC) is still questionable. Due to the fact that Bitcoin has no central authority, the mining community holds the power on decisions for future improvements as mentioned in … Continued
What is Lightning Network? Lightning Network is a decentralized Blockchain using smart contracts functionality to enable instant payments across a network of participants. It allows bitcoin transactions to occur instantly without any delay in block confirmation times (verification process for peer-to-peer payments). It will allow millions of transactions to occur within a few seconds, at … Continued
Hard Fork is a mandatory software update permanently diverging within the Blockchain. Non-upgraded nodes within the Blockchain cannot validate blocks of transactions without updating their software. The hard fork would cause a split in the chain and thus creating two separate coins that are not compatible with one another – this update is irreversible.
A software update that isn’t mandatory, because the new soft-fork rules also follow the old software rules. Computers running the old program will adjust to the new features implemented by the soft fork update. The update is reversible if the majority of miners decide the older version was more favorable.
Bitcoin is Legal to buy and transact in Canada and is regulated by anti-money laundering legislation and counter-terrorist financing legislation. Given its popularity, it’s not surprising that Bitcoin got under Canada Revenue Agency’s radars. If you buy, hold and sell virtual currency, and make a profit in the process, you must claim that profit as … Continued
The first Supercomputer was developed 50 years ago to analyze experiments conducted for nuclear research. Since then, humans have been able to build larger, more sophisticated machines to achieve weather forecasting, climate research, oil and gas exploration and molecular modeling. These supercomputers do produce the desired outcomes, however, it does have it’s drawbacks. It … Continued
If you’re here reading this article, then you’ve probably gained some interest in mining cryptocurrencies. However, setting up your own mining rig and finding the right GPUs ( Graphic Cards ) can be a daunting task, especially if you have no technical background or knowledge. Luckily, there are services out there which help you get … Continued
What is Bitcoin Mining? A great video by BitcoinMining.com on what Bitcoin mining actually is. Watch the video below to learn more about what Bitcoin mining is and then head over to our article on How-To: Mining Bitcoin or Ethereum as a Complete Beginner to get started.
As of late, there’s been a lot of confusion for investors and traders of the Bitcoin community. Several proposals are leaving non-technical and new investors speculating about the impacts of the changes that will take place the 1st of August. Bitcoin and the cryptocurrency market as a whole is experiencing an influx of demand. Its … Continued
What is Wagerr? Let’s face it, everybody knows someone that loves to place bets on sports. Wagerr is a cryptocurrency designed for a safe and secure way of betting on various sporting events. Betting worldwide is a three trillion dollar ( USD ) industry and Wagerr looks to have a big piece of that pie. … Continued
A great talk on Blockchain technology and how it is changing money and business by Don Tapscott – Co-Founder of the Blockchain Research Institute in Toronto. Useful Links: Blockchain Research Institute
What is the BRI ( Blockchain Research Institute ) ? The BRI is a research institute dedicated to studying how blockchain technology can be applied to various industries across the globe and what the implications are. Announced in March 2017, the BRI was founded by a father-and-son duo, Don & Alex Tapscott and over the … Continued
Storing and accessing your data over the internet has become very seamless. The benefits of cloud computing surpasses that of physical storage. Google, Apple, Microsoft and Amazon have been leading the industry in providing cloud storages that are flexible, can be recovered and secure. However, nowadays we have blockchain and cryptography which are leading the … Continued
According to the Korean Herald, the South Korean Government is working on establishing a new set of rules and regulations for digital currencies such as, Bitcoin, Ethereum, Litecoin and more. The rules will protect South Koreans from the potential risks in transacting with cryptocurrencies. A statement by Rep. Park Yong-jin of the Democratic Party of … Continued
Bitcoin: The End of Money (as we know it) from Torsten Hoffmann on Vimeo. An interesting documentary on the potentials of Bitcoin and how digital currency can be both good and bad.
The cryptocurrency market experienced a 20% decline recently, with the combined market value falling from $115 billion USD to below $90 billion USD. The combined digital currency market cap was approximately $25 billion and $17 billion three and six months ago, respectively. While Bitcoin has benefitted from this trend, the smaller, emerging altcoins have appreciated … Continued
What is Monaco? Monaco token is going to revolutionize how we spend money across the globe. With this token you are able to spend and send money across the world at perfect interbank exchange rates. You will be able to receive Monaco tokens via the conversion of Ethereum or Bitcoin and execute payments with monaco … Continued
What makes blockchain a game changer for several industries? Cryptocurrencies and Blockchain are increasingly gaining traction as more and more people are becoming aware of its benefits, while others are afraid of its implications on the world economy. With blockchain technology, each user has access to all the transactions made. This makes it impossible to … Continued
Canada will be celebrating its 150th national birthday on July 1st. Canadians all over the country will be taking part in concerts, festivals, fireworks and picnics with their loved ones and fellow Canucks. Aside from these celebrations, there is one more thing Canadians should rejoice about. According to reports from CBC News and other Canadian … Continued
Ok, if you’re new to the digital cryptocurrency world or even a seasoned veteran, management of all your holdings and coins can be a headache. Fortunately, the team at Blockfolio created an awesome app that manages your entire cryptocurrency portfolio. Why Blockfolio? Well for starters, it has over 800 cryptocurrencies that you can easily track and get detailed … Continued
One of the main premises of investing in an Initial Coin Offering (ICO) is to buy into the cryptocurrency at the reduced rate during the ICO and then see the value of tokens rise as they hit the markets via the exchanges. In this article, we will suggest a framework for performing due diligence and … Continued
Digital currencies have had a spectacular year, reaching a combined market capitalization of over $115 Billion. Along with this, a new trend of fundraising has emerged – the initial coin offering. Like digital currencies in 2013-2014, initial coin offerings (ICOs) are becoming popular lately as more crypto start-ups are using it as an alternative to … Continued
This is an excellent and short video talking about the differences of Bitcoin vs. Ethereum created and published by CNBC CNBC Youtube Channel
What Is TrumpCoin? TrumpCoin is a coin created to support the 45th president of the United States, Donald J Trump. The coin’s premise is a digital currency platform to support investor driven donations, causes, and projects. It aims to integrate itself into Donald J. Trump’s agenda and aid in funding projects domestically and worldwide. The … Continued
Blockchain Technology and Bitcoin. Is It Here To Stay? Why has Bitcoin become so popular? Over the last decade, there has been a lot of interest in changing payment systems and the main reason are for security and anonyminity. Bitcoin system provides a way of sending and receiving money to any part of the … Continued
What is Breadwallet? Breadwallet is a secure, intuitive and simple mobile Bitcoin wallet for your IOS device. It allows you to safely and securely store your Bitcoin, as well as, send or receive Bitcoin payments both online and in-person. The app connects directly to the Bitcoin network, which means that there are no servers to … Continued