Market Commentary – May 4th, 2023

Crypto At the time of writing, Bitcoin is trading at $28,900 USD and Ethereum at $1,885 USD. Crypto prices started the week on a strong uptrend after yet another US commercial bank – the First Republic Bank –  was rumored to be facing an existential crisis. This pushed the price of BTC back to $30,000 again before a sudden and quick selloff. This time around, however, there was at least a notable reason for the selloff. A whale movement tracker notified several of its hedge fund subscribers that the wallets of the US Government which held around 205,514 BTC and

Market Commentary – November 9th, 2022

Crypto Market At the time of writing, Bitcoin is trading at $17,600 USD and Ethereum at $1,215 USD. Bitcoin made a new 52 week low yesterday (Tuesday Nov 8th) as crypto markets fell after the events that unfolded between FTX and Binance this week. This past Sunday, Binance’s CEO, Changpeng ‘CZ’ Zhao, announced that his exchange is liquidating its stash of FTX’s native token FTT—prompting a rush of withdrawals from FTX users, with weekly stablecoin outflows from FTX reaching $451 million. CZ said that he “won’t support people who lobby against other industry players behind their backs,” in an apparent

The Ethereum Merge is coming soon!

Ethereum (ETH) is about to undergo the most critical upgrade in its history, known as The Merge.  Widely anticipated for longer than 2 years, The Merge is the transition of the Ethereum network from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The Merge is touted as the solution that will make Ethereum much more scalable, reliable and energy-efficient. Here’s what you need to know. What is The Merge? The Merge is an update to the Ethereum network. It’s called “The Merge” because the update will merge the existing Ethereum Mainnet, which currently processes all transactions, with a solution

Coinsquare files undertaking while nearing completion of its regulatory process in Canada 

Coinsquare, Canada’s leading cryptocurrency trading platform, today announced that it has entered into an undertaking with the Ontario Securities Commission (OSC) and other Canadian securities regulators, setting out how it will conduct its activities in digital assets moving forward. The undertaking sets out Coinsquare’s operating obligations while nearing completion of its regulatory process by the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA).  The terms of the undertaking are substantially consistent with the operating obligations that will apply to Coinsquare upon final regulatory approval in Canada. The undertaking covers client account opening and monitoring, regulatory

This is not a drill: Crypto-to-crypto trading is available through Coinsquare’s OTC desk

Did you know that Coinsquare Wealth clients can make direct coin-to-coin trades via the OTC desk without converting to fiat first? Read along to find out more. If you’re looking for a way to trade your Bitcoin or get your hands on the next big altcoin, look no further than Coinsquare Wealth. Coinsquare now offers its Wealth clients the chance to make direct coin-to-coin trades without first converting to a fiat currency. As a Wealth client, you can trade between 40 coins as well as CAD and USD. Coinsquare users have over 860 trading pair options through the OTC desk! Here’s

Having a tough time explaining crypto to your family?

Crypto has been in the news a lot lately. By now, it’s most likely to be discussed at the dinner table. Here’s how you can get started.  Discussing digital currency with family usually goes one of two ways. Either they don’t understand it, or they’re skeptical about its touted advantages. Here are some common concerns that your peers may have and practical ways to communicate your point effectively.  Concern one: Crypto isn’t real money This is one we all hear a lot. “But it’s not real money. It’s not backed by anyone”. It’s probably best to stick to the basics

Hola Bitcoin: El Salvador officially welcomes crypto

The Central American country becomes the first nation to recognize Bitcoin as legal tender.  Cue the “Do you take Bitcoin?” memes. El Salvador has officially become the first country to adopt Bitcoin as a national currency on Tuesday 7 September, 2021, kicking off a new wave of monetary trends that recognize the cryptocurrency as legal tender alongside the U.S. dollar starting effective immediately. This is a move that has the world divided over whether it’s an opportunity or a risk for a country that’s been plagued with economic uncertainty.  President Nayib Bukele announced late Monday that his government has purchased

DOGE Giveaway Winners!

July is a special month at Coinsquare… because we’re giving back! All month long, we’re going to be giving some lucky winners DOGE. Follow us on social media for prizes every week as well as a special grand prize at the end of the month! 🐕.* Trading DOGE is also easier (and more fun) on your phone so make sure you’ve downloaded the Quick Trade app. Our giveaway started on July 2nd, 2021 and we saw a tremendous response. Thank you to everyone who participated! We still have 3 more weeks to go, so keep trying! Here are our winners