The influence of decentralized exchanges on crypto market
Bitcanuck.ca Blog
by Bogdan Ulm
1y ago
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, where it is easy and safe to buy any cryptocurrency you want, using fiat. The things that makes everything to flow smother are trading platforms and exchange sites – centralized resources collecting and processing all the information about the clients. Using of decentraliz ..read more
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A Brief Description of Security Tokens vs. Utility Tokens
Bitcanuck.ca Blog
by Bogdan Ulm
1y ago
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 it has all the resources to become a multi-trillion dollar industry. ICOs are using the fundraiser model and raising a significant capital through the delivery of crypto tokens that are based on the Blockchain. The issued tokens can be sent to various wallets (if issued) or traded on the accepting cryptocurrency exchanges ..read more
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The Blockchain Power-Frame in Canada
Bitcanuck.ca Blog
by Alex Forij
1y ago
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 them in its organism. Blockchain found in Canada open arms and tons of enthusiasm not only from entrepreneurs but from the government too.   The P2P network enjoys innovation, low energy costs, high internet speed and a very favorable regulatory regime in the North American Nation. Its dominance comes in part from Toron ..read more
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The CBA Unites With the Canadian Chamber of Digital Commerce
Bitcanuck.ca Blog
by Bogdan Ulm
1y ago
  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 Don Tapscott, executive chairman of the Blockchain Research Institute. All are fueled by its favorable regulatory regime, low energy costs, innovation, and high internet speed. An important press release was published on Feb. 5 by the Chamber of Digital Commerce announcing their merg ..read more
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Bitcoin price, earthquake and a volcano at the same time
Bitcanuck.ca Blog
by Alex Forij
1y ago
                            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, investors, clients lost all hope, sold all they had and gave up altogether, leaving the crypto world behind.                                 Things got better, and Bitcoin reached about $1,200 towards the end of 2013. Go ..read more
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Crypto Choice: Initial Coin Offering or Security Token Offering?
Bitcanuck.ca Blog
by Bogdan Ulm
1y ago
  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 a pace, more precisely digital stock are the thing now. Initial Coin Offerings Currently, the best way to gather funds for your app or project is to put up for presale cryptocurrencies or tokens by making the project blockchain based. This way, investors can use their FIAT, Bitcoin or Ethereum to buy small or ..read more
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Hublot’s State-of-art meets the crypto world
Bitcanuck.ca Blog
by Bogdan Ulm
1y ago
  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 descendant of an Italian watchmaker family made a sensation with a watch made of a gold case paired with a rubber bracelet, as a precious material had never been combined before with such a wristband. On the other side, there are the cryptocurrencies and the blockchain technology, alre ..read more
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The importance of the Destination Tag on Ripple transactions
Bitcanuck.ca Blog
by Edson Queiroz
1y ago
    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 for all of their traders. Such code can be considered an important piece of information security once each customer is entitled to a unique Destination Tag, avoiding the existence of mix-ups.   Why has the Destination Tag been created?   Ripple’s developers implemented the Destination T ..read more
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The rhetorical profitability of mining cryptocurrencies
Bitcanuck.ca Blog
by Bogdan U. & Alex F.
1y ago
  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 of geeks, cypherpunks, cryptographers or hackers were the first ones to take advantage of that.   But is the digital El Dorado something palpable? Actually, the mining has grown from something done by a handful of people in their homes to an entire industry with the speed of light ..read more
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What is the KYC process and why is it necessary?
Bitcanuck.ca Blog
by Bogdan Ulm
1y ago
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 and the financing of terrorist activities while ensuring the protection of personal information under our control. As such, it is necessary to identify our clients. Why is this KYC important? The ideology of verifying who is buying a cryptocurrency is in s ..read more
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