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Welcome to the Netcoins blog: an innovative rescource where you can learn all about cryptocurrencies like Bitcoin, Ethereum, Ripple and others.

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Jack Choros

“Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.” — 1984

I recently wrote a piece called WTF is Bitcoin? because – seriously – what the f*ck is it? My hope was that after reading the article people felt they could define Bitcoin in their own terms. It was important that they be able to do that because I believe Bitcoin is the future of money.

WTF Is Blockchain? 

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The Bitcoin halving (or “halvening”) happened on May 11, 2020. It happens every four years (or every 210,000 blocks of transactions to be precise) and essentially does what the name suggests – it cuts the amount of bitcoins issued every 10 minutes by half. 

What is Bitcoin Halving

Daniel Zychla

They see them as an investment – NFTs are often seen as a way to invest money and generate returns. This is because the value of NFTs can often increase over time as more people start using them and the market for them grows.They see them as an investment – NFTs are often seen as a way to invest money and generate returns. This is because the value of NFTs can often increase over time as more people start using them and the market for them grows.

Reddit, one of the most popular online discussion forums, has taken massive strides to enter the blockchain space over the past several years. More recently, they announced “Collectible Avatar” NFTs (Non-Fungible Tokens) built on the Polygon blockchain and based on the platform’s popular Snoo character, recognizable as the face of the Reddit logo

Reddit is Giving Away Free NFTs using Polygon: How can you get one?

When you first start your crypto journey, you’ll find yourself asking a ton of questions: “How do I buy a Bitcoin? What are the best cryptocurrency exchanges in Canada? Are cryptocurrencies safe?”

Protect Yourself From Common Crypto Scams: Trust a Canadian Exchange

Compared to fiat currencies (or government backed money like the Canadian dollar), cryptocurrency is still in its infancy. However, considering the rate at which cryptocurrencies are quickly gaining adoption, fiat currencies suddenly don’t seem so far ahead of the game.

Cryptocurrency For Beginners

Why would anybody ever want to invest in stablecoins considering they don’t really fluctuate in value or guarantee you a profit as an investor? That’s a loaded question and you’re about to get a fully detailed answer.

Why Stablecoin? How Do Stablecoins Work And Why Are They Growing in Value?

Bitcoin is a finite resource. This fact is well-understood by blockchain aficionados, but it can easily confuse newcomers to crypto. By design, Bitcoin was always meant to be produced only to a certain limit. It was also meant to become harder to produce (mine) over time.

When Will the Last Bitcoin Be Mined?

Determining which crypto strategy is best for you is not the easiest decision to make. With so much (mis)information out there, how do new investors know what will work for them? 

The Pros and Cons of Day Trading Vs. Long-Term Crypto Investing

During the Gold Rush, miners extracted more than 750,000 pounds of gold and a total of $2 billion worth of precious metals. In fact, the California Gold Rush is arguably one of the most significant events to shape American history.

1) They have to verify ~1 megabyte (1MB) worth of transactions. This is the easy part. 2) They have to be the first miner to arrive at the right answer, or closest answer, to a numeric problem.

“Release a new numeric problem every 10 minutes. The problem should always be solvable. If it takes longer than 10 minutes to solve, make the problem easier. If it takes less than 10 minutes, make the problem harder. Once the problem is solved, release Bitcoin.”

People are perplexed by the idea of Bitcoin (digital money) because it’s not issued or managed by governments and banks. That’s why one of the most frequently asked questions is this: “how is Bitcoin created? How is it possible that no one creates Bitcoin yet somehow it magically appears?” The more people learn about Bitcoin the more baffling it sounds.

How is Bitcoin Created? 

John Pawlak

Cryptocurrency has been a popular investment in recent years. As it gains popularity, the knowledge of calculating crypto gains becomes more important. You’ll need to know your cumulative gains or losses associated with crypto to pay your tax bill. Here’s what you need to know about crypto gains and taxes in Canada.

How to Calculate Crypto Gains

Fraser Matthews

Netcoins is a subsidiary of BIGG Digital Assets (BIGG) which owns, operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem, like Netcoins. BIGG trades under CSE: BIGG | OTCQX: BBKCF | WKN: A2PS9W.

“I recently set up a new account with Netcoins and found the site really easy to use. The set-up was a snap and the staff checked in with me to see if everything was ok asking for any feedback for improvement. Their team is really responsive and friendly.” — Sean

This year has been tough for investors with record inflation numbers, interest rate spikes, supply-chains affected by lockdowns, war in Ukraine, the TERRA stablecoin collapse and crypto lending platforms filing for bankruptcy.

Regulated, Trusted & Safe – Our Approach to Securing Canadians Crypto Investments

More and more cryptocurrency projects are using proof-of-stake consensus algorithms to validate transactions and secure the peer-to-peer exchanges of value that Bitcoin, Ethereum and every other blockchain projects in the world of digital currencies help facilitate. 

Staking 101: How Using Cryptocurrency to Secure Blockchain Networks Can Make You Wealthy

Every once in a while, we like to have a bit of fun here at Netcoins so file this post in the fun category. What better way to have a good time than to talk about meme coins?  HOSKY is the first-ever dog-themed meme coin living on the Cardano blockchain. Is it going to follow in the footsteps of Shiba Inu and birth crypto’s next meme coin billionaire?

HOSKY: Cardano’s First Meme Coin

Did you know that the Cardano uses way less energy than Ethereum and Bitcoin?  Those concerned about how much energy it takes to mine cryptocurrencies are becoming more interested in Cardano (ADA), but many people don’t realize that there are also great projects that operate on the Cardano blockchain.

6 Projects on the Cardano (ADA) Blockchain That People are Talking About in 2022

Netcoins understands the importance of transparency in our platform, and has put together a Proof of Reserves for its Canadian operation.  Any cryptocurrency that is held in a users Netcoins account is held in custody in a hot or cold storage wallet, which can be converted into Canadian dollars (CAD) at any time.

Proof of Reserves

Netcoins proof of reserves

If you’ve been in the crypto space for a little while now, you may have heard the term “staking.” You might still have some questions around what it means, how it works, the risks associated with staking, and which cryptocurrencies offer stalking rewards. Not to worry, in this blog post, we’ll go over the basics of staking for you. 

What is Crypto Staking?

In a worrying trend, the proportion of U.S. dollars printed and entering circulation has been increasing. You may have seen many money-printing headlines similar to this one recently. Specifically, while money in circulation is not the same as government stimulus spending, the fact remains that more of the money now in circulation is held by the government, in one form or another.

80% Of US Dollars Were Printed in the Last 2 Years: How Do We Know, and What Does It Mean?

A lot has been going on in the crypto market throughout November. In this crypto news update, we’ll take a look at some of the most notable developments, including Brazil legalizing Bitcoin payments, BlockFi declaring bankruptcy, and BlackRock declaring tokenization is the next generation for markets.

Crypto News Recap: Brazil Legalizes Bitcoin Payments, BlockFi Bankruptcy, BlackRock Tokenization Nov 2022

According to a graph from the Federal Reserve Bank of St. Louis, just over 35% of all the American dollars ever printed by the U.S. government has been printed over the last 10 months. The area highlighted in yellow on the graph shows a parabolic move in the printing of money that has occurred this year that every technical trader in the world of cryptocurrency can only dream about. read more about the federal reserve and their opinion on monetary policy. 

35% of All U.S. Dollars in Existence Have Been Printed in the Last 10 Months

With tax season among us, many investors are wondering how cryptocurrency investments are taxed in Canada. After all, 2021 was a record year for all assets (including cryptocurrencies). Now, many investors are wondering how the Canadian Revenue Agency (CRA) will tax their crypto investments in Canada. 

Is Crypto Taxed in Canada? – Canadian Crypto Tax Guide 2022

Cryptocurrencies are becoming more and more mainstream each day. With that comes more opportunities to invest in digital assets. Netcoins is a Canadian-based cryptocurrency trading platform that offers over 30 different cryptocurrencies that can be purchased directly with fiat currencies. Read on to learn more about Netcoins and the cryptocurrencies available on the platform!

What Crypto Can I Buy on Netcoins?

When people invest in Bitcoin, they are investing in the future of the crypto world through the largest and most reputable cryptocurrency out there. But what happens when a holder loses their Bitcoin wallet? Are those Bitcoins lost forever? This blog will take a closer look at what happens to lost Bitcoins and whether or not they are truly lost forever.

Are lost Bitcoins lost forever?

By transferring your cryptocurrency into a cryptocurrency wallet you help protect your cryptocurrencies from being hacked, stolen, or removed.

How do I keep my cryptocurrencies safe?

It can be helpful to separate your crypto holdings between investment purposes and daily transactions – mainly because crypto used for investment purposes will be subject to valuation gains and losses while crypto used for daily transactions may not be subject to the same taxation rules.

Is Crypto Taxed in Canada?

“Cryptocurrency exchanges” are platforms that allow you to buy, sell and trade cryptocurrencies.