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…

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…

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…

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…

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…

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…

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,…

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…

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…

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…

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,…

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…

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…

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…

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…

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…

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…

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…

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.

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,…

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…

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…

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.…

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…

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…

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.…

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,…

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…