Yes, people are still bummed after the CDC cashback rewards slashing announcement and of course the two previous Earn rewards slashes. However, the biggest upside of crypto.com in my opinion, is how GOOD their VISA card system was(still is?). It is: Accessible everywhere, easy to sign up and order a card, no stake required (for…
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Since its inception, cryptocurrency has grown in popularity day by day. Nowadays, we see cryptocurrencies used in various industries with great success. It didn’t take long for the casino industry to accept cryptocurrency as a payment method. Bitcoin is the most widely used cryptocurrency at leading Canada online casino sites. However, you can also use altcoins like Ethereum Dogecoin and Shiba Inu. That said, Canada has a tech cluster with a pioneering research and application record. With the country at the cutting edge of technology, it’s no surprise that cryptocurrencies like Bitcoin are gaining popularity. Is there, however, more to it than that? Let’s look at some factors contributing to the popularity of online crypto gambling in Canada. Privacy and security First and foremost, we want to emphasize that you have the option of processing transactions in a safe manner. Cryptos use a cutting-edge technology called blockchain to secure every online transaction. To maintain the security of every transaction, blockchain technology requires certain complex phases in the process and advanced security measures. However, when it comes to traditional fiat currency given by credit cards, there are several situations when cyber-attacks take your funds. As a result, bettors were very apprehensive about losing their money. Cryptography has done an excellent job of resolving this problem. This is one of the primary reasons for Bitcoin’s appeal in Canada. It ensures that the deposits are protected to the fullest extent possible. Crypto has made it into the mainstream There has been a significant movement in how cryptocurrencies are seen in the last few years in Canada. It was once thought to be a transitory trend, something too hazardous and without practical application. That demonstrates how erroneous people may be. Not only have major corporations invested in cryptocurrency, but some have begun to accept it as a means of payment. The argument that cryptocurrency has no place in society because it cannot be utilized is no longer valid. One of the most significant trends has to be the rise of crypto-accepting online casinos. This demonstrates how technology has infiltrated every aspect of our life, from investments to leisure. As you can see, Canada is ideally positioned to take maximum advantage of this. Crypto’s popularity will only continue to rise as a result of this. The birth of crypto casinos Although it is still a relatively new trend, many online casinos are already embracing Crypto as a means of payment. Gamblers perceive cryptocurrency as the ideal solution for payment methods because of the security and anonymity it provides. Canada leads the way when it comes to Bitcoin casinos. There are several to pick from in the country, although such are still in their infancy in other countries. Many Canadian gamers choose Bitcoin as their preferred money at online casinos when given the option. Bitcoin gaming is growing so popular in Canada that online casinos that do not accept it are scrambling to catch up. Players in Canada are major lovers of online casino games, so anything that enhances the experience, like the ability to utilize cryptocurrency, would be warmly received. Elon Musk factor Elon Musk may not have been born in Canada, but his mother is Canadian. That means that when the man speaks, Canadians are all ears. After all, if one of the world’s wealthiest people has something to say, there’s a good chance you’ll learn something from it. Musk is more than a little outspoken when it pertains to cryptocurrency. This man’s speech of a few lines on a TV show or a Tweet can send cryptocurrency prices flying. Musk understands the long-term significance of cryptocurrencies like Bitcoin and Ethereum. Those who perceive him as an adopted son in Canada will concur with his assessment. Bitcoin is now being used for practical purposes, such as Bitcoin casinos. Canadians will be eager to hold it to watch the value rise and utilize it like any other currency. Decentralized nature Cryptocurrencies are decentralized. Those unfamiliar with the word indicate that cryptos are not linked to third-party institutions, such as banks or government agencies. As a result, you can accept payments without opening a bank account or complying with onerous banking requirements. Furthermore, keeping track of each transaction becomes a breeze. To maintain track of your payments, you do not need to furnish a bank statement. Therefore, cryptos were created specifically for you if you despise banks and all of their operations. Their decentralized nature is contributing immensely to their popularity in Canada. Anonymity Anonymity is another feature that contributes to the popularity of crypto gaming in Canada. When depositing on a Canadian casino website, you can remain anonymous. Also, when creating an online crypto wallet, you are not needed to provide any personal information or reveal your identity. Therefore, there is practically no method to identify your data when making payments on the platform. This is particularly useful for the bulk of Canadian gamers, who desire to remain anonymous for various reasons. For example, due to government prohibitions or any other reason. As a result, completing transactions with cryptocurrencies gives you a wonderful possibility to do so. Great bonus offers Players at Canadian casinos are frequently treated to fantastic bonuses. When you play at crypto casinos, these incentives are even much better. This has helped them gain a lot of popularity among Canadian gamers. By playing with Crypto on Canadian casino websites, you will find a plethora of lucrative bonuses and incentives. They use this to make you feel welcome when you arrive. This will urge you to keep gambling with Crypto for a long. Once you fund your account with Crypto for the first time, many casinos offer 100% welcome bonuses. More options open up as you continue to deposit funds with Crypto in the future. This is helping to fuel the expansion of cryptocurrency gaming in Canada. Conclusion Crypto online casinos are booming right now, especially in the last few years, with a 70 percent increase in revenue. The Canadian crypto gaming business has grown to become one of the most powerful in the world.
Hey guys, I've recently found out that a lot of ppl do not understand to compound interest, so something like 5% from staking may look like nothing to them. At first – still better than saving accounts in most of countries (in some countries they have negative interest on saving accounts above certain amount, which…
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Hi, I have some eth on the exchange and I'm thinking to move them to a ledger. I would like to low the gas fee of the mainnet by using Arbitrum, which is supported by my exchange but I've some difficulties to understand how these L2 works. According with this video (see the link at…
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The International Money Fund (IMF) has added its voice to institutions and parties criticizing the Central African Republic (CAR)’s decision to adopt bitcoin. The IMF insists the adoption poses legal economic challenges not only to the country but to the region as well. CAR’s Bitcoin Adoption Has Financial and Legal Issues The IMF has reportedly […]
The cryptoverse is vast and there are a lot of things to learn. With so many new parts of the industry popping up, it can seem like a gargantuan task to learn about all of these different parts. While one can never really learn everything there is to know about crypto, absorbing as much as you can is the difference between a highly profitable crypto journey or one filled with losses. Phemex helps to bridge this knowledge gap by providing an educational platform where crypto users can learn about the various parts of the market. This comprehensive solution includes unique features and programs that aid the user in their crypto journey. Phemex Learning Solution Phemex is one of the leading cryptocurrency exchanges in the space. Given its wide reach and large user base, the platform has taken it upon itself to provide users with a learning solution that is separate from its trading and derivatives services. Phemex Academy is a comprehensive learning platform that hosts all there is to know about the cryptoverse. It covers all topics pertaining to crypto such as metaverse, NFTs, etc. This learning solution spans various levels of proficiency in the market; be it beginner, intermediate, or professional. By putting together its academy, Phemex enables users in the space to not only educate themselves about all there is to know about the crypto market but to better hone their skills when it comes to picking and choosing projects to invest in. Alongside the Phemex Academy is the Phemex Learn and Earn program. It consists of self-paced high-quality video courses that each student can complete at their own pace. The exchange also provides a free trading simulator so users can put their newly acquired knowledge to the test without having to risk any of their personal assets. There are currently more than 500 articles on the Phemex site and countless videos catered to investors interested to glean more insights. Why Use Phemex There is a mountain of information that currently exists on the internet regarding cryptocurrencies and blockchain technology. However, these are not structured in a way where even a beginner would understand where to start. This is how the Phemex Academy comes into play. Since Phemex is also a crypto exchange, users can immediately put their newfound knowledge to use by trading on the platform. It is a trustworthy exchange that only brings verified information to users. The abundant resources ensure that a learner gets the best information available for whatever they may be interested in. Phemex is the right choice for users looking to get started or continue their journey in crypto.
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Does Bitcoin have further to fall? BTC calms after stocks see a situation which has happened only twice this century.
Here is the transaction. https://etherscan.io/tx/0x35bb1a312b59703cfd7077f0b0e28ae3c9b6caad4fa9b78a355ebd35e71cee11 I am using both MetaMask app and Web3 app. I know I shouldn't but I couldn't afford to buy a hardware wallet yet. I have stopped the iCloud autosaving feature after MetaMask asks everyone on iOS to do so. This news. Could I be too late to do that?…
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The mainnet launch opens up the crypto ecosystem to instant decentralized loans using non-fungible tokens (NFTs), JPEG and metaverse assets as collateral. Drops DAO, a decentralized lending platform, is celebrating the launch of its mainnet, unlocking its ecosystem for users to borrow loans and interact with everything the ecosystem has to offer. Announced Wednesday, the transition to the mainnet will provide users with collateralized loans for NFTs, DeFi assets, and metaverse collections. The launch of the mainnet allows users to lock their assets as collateral, providing the NFT and DeFi ecosystems with additional liquidity and utility. Now, users can easily use their idle NFT, metaverse and DeFi assets as collateral to borrow instant loans through its lending tools. This means users can access capital without relying on centralized entities, enhancing the growth and boosting adoption rates for DeFi and NFT projects. Drops DAO was founded back in early 2021, a time that had seen the NFT and metaverse conversation reach fever pitch. Nonetheless, the idea of using these assets as collateral to borrow loans seemed “unrealistic” to Drops founder, Darius Kozlovskis. “But after major shifts in the market and a tireless year of research and development, we finally arrived at what can become a new financial primitive for NFTs,” Kozlovskis stated. “We’re at the dawn of metaverse finance and are truly excited to be part of it.” The project has since raised $1 million in seed capital funding to develop NFT-collateralized loans from top investors in the crypto space. Investors include Axia8 Ventures, Bitscale Capital, and AU21. Furthermore, the project is supported by numerous angel investors, including Enjin CEO Maxim Blagov, NFT whale 0xb1, Joseph Delong, Quantstamp CEO Richard Ma, Marc Weinstein, and Cooper Turley. The Drops NFT collateralized loans As alluded to, Drops DAO provides decentralized loans for NFT, metaverse, and DeFi assets by leveraging its lending pools. These lending pools allow any type of NFT asset to be used as collateral — from NFT collections and metaverse items to financial NFTs. The platform sets itself apart from the competition by providing users with up to a 60% collateral ratio and a highly scalable network. The collateral ratio is due to an isolated pools system, whereby whitelisted NFT collections are accepted as collateral, with multiple tokens available to borrow or supplied as collateral. On the other hand, the platform also protects lenders and rewards them highly for providing loans. Riskier collections, or non-whitelisted NFT collections, offer higher utilization and in turn higher interest rates for the lender. Lastly, it enables any NFT collection to gain broader utility and liquidity through these lending pools, alleviating sell pressure on secondary markets.
