The OSC imposed trading restrictions in 2021 on centralized crypto exchanges. Binance declared in March of this year that it will no longer accept Ontarian residents. A total of 13 firms, including KuCoin producers MEK Global Limited (Seychelles) and PhoenixFin Pte. Ltd. (Singapore), were recently called out by the Ontario
BTC dropped below $21k, after reaching $25,135.59 in the previous week. Major altcoins are also witnessing a sudden huge crash. Following a continuous positive surge over July, the global crypto market saw a significant crash on previous days, with a crucial fall of major cryptocurrencies. The unexpected drop in the
The customer’s ability to make net purchases may be restricted in certain cases. The cap limit does not apply to 4 major cryptocurrencies. In order to comply with rules, Canadian cryptocurrency exchanges have implemented procedures to restrict yearly purchases of crypto assets to CAD 30,000 (USD 23,250), with the exception
The criticism of XRP made by Vitalik Buterin, didn’t sit well with David Schwartz. Buterin was making reference to Ripple’s legal defense in an ongoing case against the SEC. According to David Schwartz, Ripple’s chief technology officer, who believes that eBay also creates BTC and ETH securities, cryptocurrency miners in
Illicit transaction volumes are down around 15% in the year through to July. Total scam revenue is $1.6 billion so far in the year, 65% less than July 2021. The global crypto market witnessed a tremendous collapse so far this year. The market shrunk below $1 trillion, because of numerous
Bitcoin has climbed by 14%, while Ethereum has increased by over 39%. The whole crypto market holds 19% of the ETH dominance. The king of altcoin Ethereum (ETH) price has been backtracking over the last few days, as a result, ETH gained over 40% in the previous month. The price
Introduction to Proof-of-Work In order to prevent abuses of computer resources for things like spamming or DoS attacks, proof of work (PoW) defines a method that needs a not-insignificant but practical amount of effort. In 2004, Hal Finney applied the notion to the protection of digital currency by devising the
NASCAR driver Trent Barnes’ vehicle had the network’s name all over. Charles Hoskinson, the founder of Cardano, surprisingly seemed clueless. Cardano, a well-known network, and its community seem to be surprised by a sudden event. The network has been criticized for having low adoption and for being less popular than
“Shark Tank” star Mark Cuban recently appeared on the Altcoin Daily Podcast for an in-depth, one-hour discussion on cryptocurrencies. He compared decentralized application platforms Cardano and Dogecoin to see which one had the greatest promise and what the differences were. Cuban believes that the number of transactions on a blockchain
All the altcoins are expected to join the bull trend with the increase in BTC. The listed coins are all in the top 50 ranks as per the CMC. The five tokens that crypto investors should watch this week are BTC, FLOW, THETA, QNT, and MKR. The direct proportionality of
