The Netcoins Blog

Being a regulated crypto trading platform means we must meet all the regulatory requirements from the government and adhere to stricter guidelines. In this blog, you'll learn about the new "limit of $30,000 on net acquisition for select crypto assets", and understand which of the Canadian provinces will be impacted by this limit.

The President of El Salvador posts a video on his Twitter displaying a crypto mining project powered by a local volcano, cryptocurrency prices see a significant increase, shooting the total market value to over $2.5 Trillion Canadian. All this and more! All of that and more in this week’s edition of the weekly news.

In news that’s a bit more positive, the crypto world just found out Snoop Dogg owns more than $21 million worth of NFTs, and r/WallStreetBetsCrypto is officially live as the original r/WallStreetBets acknowledges crypto is going to be a big part of the future. All this and more...

As is usually the case with technology, the earliest adopters through the door get stuck with the bag. Those that come after proof of concept is obvious reap the benefits. Today we’ll focus on the adoption curve of the Internet versus the adoption curve of cryptocurrency. As you’re about to find out, the crypto movement is much bigger than that of the internet.

We’re excited to announce our new content partnership with The Peak! The Peak is a breezy, smart, fun - and 100% free - morning newsletter that summarizes the top Canadian and global business stories. Plus, some lessons from billionaire investor, Charlie Munger on improving your life with quality content.

NFT sales volume is cooling off for the first time in three months. But the asset class is still on fire and arguably becoming the most popular sector of the crypto market. That doesn’t mean the spaces without its problems however. All of that and more coming right up

In this post, you’ll learn how to use actual coins and tokens you already own to earn more. There are also many ways to do that. But to make it easy we'll cover four different methods: mining, staking, liquidity pools and yield farming. You’re about to learn that and get comfortable with understanding how you can use each of the above methods as part of your overall cryptocurrency investing strategy.

A hacker, or group of hackers, stole $610 million USD from a project called Poly Network. That’s $770 million Canadian, marking the largest crypto hack in the history of the industry. The most mind-blowing part of it all? The hacker (or group of hackers) have already returned all the stolen funds. Both the amount stolen in the hack, and the fact that it’s all willingly returned makes this one of the most monumental stories in all of crypto history, and definitely one of the top stories of 2021.

This edition of Netcoins news features major news regarding broader crypto adoption around the world. We get started with Redditors coming together to buy large amounts of Bitcoin in celebration of El Salvador officially granting the cryptocurrency status as legal tender in the country. MasterCard tries to enhance its crypto capabilities as well. And a major research firm in the United States is predicting that the price of Bitcoin will double by early next year.

In early June, the President of El Salvador Nayib Bukele announced that his country would be the first ever to call Bitcoin legal tender and allow businesses to take it as payment. Bukele’s announcement took the crypto world by storm as we now have taken yet another major step forward in the adoption of cryptocurrencies. Today we'll dig deeper into what El Salvador’s plans around bitcoin mean for the country, bitcoin, and you, the investor.

At the time of this writing, crypto prices are dipping. There is good news this week, however. The largest hack in the history of crypto isn’t going to cost anybody any money and publicly traded companies continue to stock up on bitcoin.

Studying the tokenomics of a project is a form of fundamental analysis that can help you find undervalued cryptocurrencies. If you can sink your teeth into a thorough understanding of economic design principles related to cryptocurrencies, you can couple that knowledge with both on-chain analysis and technical analysis to truly get an overall picture of whether or not it’s worth investing in a particular crypto project.

The infrastructure bill is something promised by the Joe Biden Administration during last year’s presidential race and intends to build America’s future. The unclear definitions within the bill have worried the crypto industry. The consequences of the bill are far-reaching for anybody involved in the cryptocurrency industry including investors like you.

This week’s edition features all kinds of bullish news even though crypto prices themselves are cooling off a little bit. Solana is the star of the week for many different reasons, but it’s not the only superstar in crypto. Britney Spears has apparently got into the crypto game seven years ago.

As you may know, much of the capital flowing into cryptocurrency projects and spiking the prices aren’t coming from retail investors like you and me. It’s coming from investors with way deeper pockets. That includes hedge fund managers, family offices in the United States, pension funds, and corporations.

Ethereum 2.0 is going to make the blockchain more scalable and more efficient than it ever has been before. It means moving from a Proof-of-Work algorithm to a more efficient proof-of-stake algorithm that makes it easier to generate new Ethereum tokens, and more energy-efficient to grow the Ethereum economy. Here's what it means for you, the savvy investor.

In this week’s news roundup, we detail why Kevin O’Leary is excited about the Ethereum upgrade and reminisce about a certain publicly-traded company making a landmark large purchase of Bitcoin a year ago this week. The biggest news surrounds President Joe Biden’s infrastructure bill, setting out crypto regulations that are striking fear in the industry.

Crypto prices are making a bounce back in a big way after quite a lengthy bear market. A certain fast-food chain we all know and love with locations in Brazil is releasing a DOGEpper. This week’s news will also give you insight into what Ripple is doing to expand.

Central Bank Digital Currencies (CBDCs) are coming, but so are governments willing to invest in traditional cryptocurrencies before even thinking about developing their own CBDCs. The recent news about El Salvador making bitcoin legal tender is proof of that.

Elon Musk participated in a cryptocurrency conference called The B Word on July 21. He did so alongside Twitter founder Jack Dorsey and infamous investing guru Cathie Wood from ARK Investments. In other news, the United States is sounding like it’s likely to tighten the screws on regulations surrounding stablecoins.

In this edition, we are going to dive deeper into why there are 17% more Ethereum addresses today than there were at the start of this calendar year and why there are now more daily active ETH addresses than Bitcoin addresses for the first time ever. Why should you care? More addresses equal more transactions and more transactions equal increased value. Of course, that’s an overly simplified way of looking at things. Learn more about what this all means for you.