The Blockchain Power-Frame in Canada
Blockchain’s current state is similar to the way the Internet looked 20 years ago and it has the potential to change the world at least as much as the Internet did if not even more. Canada itself is a country hungry for technology, always finding the best ways to implement…
Mon Feb 18
The CBA Unites With the Canadian Chamber of Digital Commerce
Canada is making significant steps forward when it comes to the blockchain industry. The North American nation is the best when it comes to driving innovation, entrepreneurship and digital economy. Not only this but “Canada is well positioned to be a global leader in the burgeoning blockchain economy”, said…
Thu Feb 7
Bitcoin price, earthquake and a volcano at the same time
In the early days of Bitcoin, more exactly June 2011, the price found itself at about $32 and within 5 months to $2. That was the first big fall or earthquake of bitcoin price. Many enthusiasts,…
Fri Dec 14
Crypto Choice: Initial Coin Offering or Security Token Offering?
Everything has something digital in it nowadays and it is for the best. Starting from watches, photos, TVs, digital marketing and the list can go on. Following this trend, it was already the time for a digital currency, so Bitcoin emerged. From currency to stock market it was only…
Tue Dec 4
Hublot’s State-of-art meets the crypto world
Since their 1980’s gold-watch release, Carlo Crocco’s company went a long and elegant way, statement that can be also said about the Bitcoin, created by the anonymous Satoshi Nakamoto, just a few years ago, which has already revolutionized the banking systems worldwide. At its first watch fair, the…
Wed Nov 28
The importance of the Destination Tag on Ripple transactions
Simple, yet efficient, the Destination Tag (or Memo) is a 10-number code that is generated right after you create a Ripple (XRP) deposit address. Its purpose is to identify the recipient of a certain Ripple transaction since most of the crypto exchanges commonly use a single XRP address…
Mon Nov 26
Bitcoin Status Worldwide
Bitcoin Importance Recognized by many as one of the most significant innovations of the 21st century, Bitcoin’s been at the center of discussions all around the world for quite a considerable time. Whether you are a crypto enthusiast – a connoisseur, an investor of virtual currencies – or someone who…
Wed Oct 31
The rhetorical profitability of mining cryptocurrencies
The global cryptocurrency world enjoyed in the beginning a period of time often described as a “crypto gold rush.” When Satoshi Nakamoto invented the “peer-to-peer electronic cash system,” he set free an entirely new world of possibilities not only for freedom but also for outrageous profits and the likes…
Tue Oct 30
What is the KYC process and why is it necessary?
BitCanuck runs a professional brokerage and exchange service that is specialized in helping you to buy bitcoin as well as other major cryptocurrencies. We have adopted right from the start of our operations a policy that reflects our commitment to continuously improve the detection, prevention, and deterrence of money laundering…
Mon Oct 22
Interac - The Easy and Safe Way to Pay
What is Interac e-transfer? Do you have access to online or mobile banking? Great, Interac is here, helping you receive, send or request money from any bank account to another. All you need is the sender’s/receiver’s email address or mobile phone nr. and a Canadian bank account, because after all,…
Mon Oct 15
Cryptocurrencies as a payment method: the coming of a new era
Cryptocurrencies are at the forefront of a new era that is changing the way we deal with money. An unprecedented revolution that’s not only been shaping the mindset of our “digital generation” but is also – given the frequency into which we are already used to involve technology in the…
Mon Oct 8
Ethereum Constantinople Hard Fork Explained
Ethereum Constantinople is the latest hard fork of the technology, which is currently under development. In case you are not familiar with the term, a hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa). As in any fork, all nodes and…
Fri Oct 5
BitCanuck.ca accelerates its portfolio growth by welcoming QTUM
BitCanuck’s portfolio of crypto currencies is now extended with its latest premium listing: Quantum Coin (QTUM). QTUM is a full, complex coin reached its peak value earlier this year, in January, by hitting the $107.4 price. The currency has also a series of features like: – Qtum connects both Bitcoin…
Wed Oct 3
The influence of decentralized exchanges on crypto market
A new era that becomes the next step in currency development has arrived. The cryptocurrency technology has created a huge trading value through the idea it doesn’t need using of third parties. Decentralized exchanges, are using blockchain technology as a backbone – an amazing phenomenon that makes possible trading process,…
Mon Oct 1
A Brief Description of Security Tokens vs. Utility Tokens
To discover the world of security tokens and utility tokens, one should first understand what exactly their role is and when they come into action; according to official stats, so far, 2018 was a good year for ICOs with a market value of almost $7 billion – context in which…
Mon Sep 24
Information Security: a two-way road paved with trust
The digital network of relationships is one of the cornerstones of our time. Given the ever-evolving pace of technology and information security most of the day-to-day interactions are permeated with virtual activities that are somehow so natural it makes us wonder that this particular social phenomenon can already be considered…
Thu Sep 13
Canada’s Bitcoin Fund Obtains Mutual Fund Status
The “first and only” regulated Bitcoin fund, First Block Capital Inc. can now accept accounts of accredited investor RRSP (Registered Retirement Savings Plan) and TFSA (Tax-Free Savings Account). Canada’s Bitcoin Fund is permitting investors to place their units into self-directed registered accounts, offering consistent tax benefits for saving purposes or…
Tue Sep 11
Bitcoin Price Analysis (as of September 3rd)
The past days were a good opportunity for skeptics to consider that the current Bitcoin price rise as a “new found bull momentum”, the cryptocurrency is up with 9% compared to the last week and more than 2% in the past 24 hours (at the time of writing this…
Mon Sep 3
Seeking the opportunity: Cryptocurrency Regulation Postponed
The Canadian government has recently postponed once again, releasing the final cryptocurrency regulation as well as Blockchain-based companies, stating that no further update will be released to the public before the end of 2019. This decision is mainly based on the actual political context as the government is currently in…
Wed Aug 29
Five busted cryptocurrency myths
In the past year, the crypto market grew with more than $600 billion. Even if are not palpable and only exist in your computer, they are used to pay for real things. There are no reasons to remain hesitant when it comes to investing in digital coins the only thing…
Tue Aug 28
Crypto Wallets and How to Guarantee Their Safety
If you are fascinated but new to the cryptocurrency world, you must learn about an important aspect, significantly more important than your exchanging abilities, and that is what we call crypto wallets safety! All the important cryptos can be held in digital cloud wallets or kept on your computer or any other…
Wed Jul 25
Bitcoin and Ethereum Investor Story
In our inaugural Vlog, we take a look at why Vaughan, Ontario Marketing Consultant, Stefania Sigurdson Forbes invested in BitCoin and Ethereum with BitCanuck. As she understood the medium more and more, she began to see the advantages.
Thu Jul 12
How Blockchain is Transforming Canada
One of the biggest questions we get a BitCanuck, is getting a clearer understanding of Blockchain, and how it can be applied in a variety of contexts. What is Blockchain? Blockchain, at the end of the day, is a list of records. From a business perspective, with most of the organizations building their lists,…
Thu Jun 28
Gnosis Cryptocurrency Essentials
Built off of Ethereum as a decentralized application, Gnosis is a prediction market platform as well as a multisig wallet and a Dutch exchange. The prediction market platform basically uses ‘wisdom of the crowd’ to help predict various scenarios. This has proven useful in gathering information on everything from price…
Mon Jun 18
Augur Cryptocurrency Essentials
Based on the Ethereum network, Augur is a decentralized prediction market. Using the ‘wisdom of crowds’ they essentially create a search engine for the future. It runs on its own token, REP, which people use to buy positive or negative shares in relation to a specific question created by another…
Fri Jun 15
How a Nova Scotia Woman Joined Her Family by using Bitcoin
Wondering why Halifax, Nova Scotia native, Lauren McDonald* decided to invest in cryptocurrency. Without being a “crypto expert”, Lauren was able to work with BitCanuck Customer Support to learn about how it works and make her investment securely. In our new regular feature, “investor stories”, we look into Lauren’s experience.…
Thu Jun 14
The Time is Now to Purchase Bitcoin
If you’re wondering when is a good time to purchase Bitcoin, the answer is now. Pantera Capital Management founder and CEO Dan Morehead believes the cryptocurrency may have reached its low for this year giving potential investors a great opportunity to opt-in. And he isn’t the only one. Robert Sluymer…
Mon Jun 11
A Field Guide to Cryptocurrencies
Cryptocurrencies have been increasing in interest for investors since the creation of the first, Bitcoin, in 2009. There is still some that don’t believe cryptocurrencies are here to stay, but with close to a thousand in existence today, the number of believers is growing. When investing in cryptocurrencies it’s always…
Wed Jun 6
3 Reasons Why Travelers are Embracing Cryptocurrencies
Our world is getting smaller and smaller every day, and Cryptocurrencies are part of it. One group embracing cryptocurrencies are global travelers. The extent of travel ranges. It could be “digital nomads”, people who use telecommunications technologies to earn a living more generally, conduct their life in a nomadic manner.…
Tue May 22
3 Reasons Why Canadian Baby Boomers are Investing in Cryptocurrencies
While the Millennials have certainly been the first to embrace the rise of cryptocurrencies, this year, Baby boomers are becoming investors. It is only natural to accrue more wealth as we age, so the Boomers have more of it, and are looking for places to invest. Based on our experience,…
Tue May 15
Canada's Cryptocurrency Entrepreneurs
Canada has lived in the technology shadow of America, but that’s changing quickly. A new wave of Canadian founders is building companies in the Cryptocurrency domain, not just out of Canada, but all over the world. Right when countries around the world seem to be shutting their borders, and intolerance is…
Fri May 11