Market Commentary Archives - The Coinsquare Blog

Cardano rises to all-time high amidst anticipation for upcoming hard fork

August 21, 2021 August 20, 2021 Leave a Comment

The Alonzo upgrade is slated for September 12 2021, and promises smart contract functionality on the mainnet Cardano’s ADA has been witnessing an interesting upswing since its inception. By early August 2021, Cardano jumped up to the position of #3 crypto by market capitalization. Since then, the price of Cardano (ADA), the native token of the Cardano blockchain has hit an all-time high of $3.31 CAD at the time of writing (August 20, 2021). Trading volumes are said to have been impacted in anticipation of an upcoming software upgrade scheduled for September 12, 2021, that could help the token compete

Coinsquare’s 2020 Trends & Insights

July 15, 2020 July 15, 2020 Leave a Comment

We are now midway through 2020, and only one thing is certain: the last six months have been a whirlwind of unprecedented circumstances. From the COVID-19 pandemic ravaging global health and economic conditions, to the civil unrest and protests centered in the United States but proliferating to other countries, the world is at a pinnacle point of change. For the cryptocurrency ecosystem, the atmosphere of global uncertainty has driven a renewed interest in Bitcoin and other digital assets which don’t rely on centralized financial institutions. As the market continues to mature and evolve amidst these unpredictable ‘strange’ times, here are

What Is The Bitcoin Halving?

May 11, 2020 May 11, 2020 Leave a Comment

The Bitcoin (BTC) halving (also known as “the halvening”) is an event that occurs roughly every four years. It’s the scheduled halving of the reward miners receive for verifying blocks of transactions on behalf of the BTC network. These “block rewards” act as a mechanism to increase the supply of Bitcoin gradually. On average, one block is “mined” every 10 minutes. Here’s a quick refresher on how Bitcoin gets mined. Traditional fiat currencies, such as the dollar, are centrally-controlled, meaning banks such as the Bank of Canada can control inflation by printing cash at their will. In contrast, the creator