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
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
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
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
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