Canadian crypto adoption struggles as cash remains king

Crypto price action has been rough over the past few months, but a few green shoots are finally beginning to emerge.While Bitcoin (BTC) remains in a downtrend, its price has recently found support at the $17,000 level, and ping-pong price action in the $16,700–$17,300 range appears to be allowing traders to pursue some interesting setups…

Cryptocurrency exchange Bitfinex has revealed the first of two major upgrades it says will completely change user payments and spending habits. In a tweet on Dec. 2, the platform’s CTO, Paolo Ardoino, confirmed that as of Tuesday, it would support Bitcoin (BTC) transactions on the Lightning Network (LN).The move is a first for a major cryptocurrency…

Despite Turkish government regulations having hamstrung Bitci’s soccer sponsorship deals, footballing crypto companies already have home-field advantage. 289 Total views 9 Total shares The world’s most popular sport suffered an own-goal as European clubs canceled their partnerships with Bitci, a Turkish crypto exchange. However, plenty of substitute crypto companies are on the bench, ready to…

Several attendees of Yuga Labs’ ApeFest event in Hong Kong reported eye pain and vision loss, claiming they were exposed to improper lighting. 841 Total views 34 Total shares Attendees of a Yuga Labs’ ApeFest event on Nov. 4 in Hong Kong have reported burns, damaged vision and “extreme pain” in their eyes, which they attribute

Digital asset security firm Ngrave announced sales for its flagship product, the fully offline hardware wallet Ngrave Zero, will launch next month.The devices will be made available for purchase on Indiegogo from May 26 and are slated for shipping in October.Ngrave claims the first EAL7-certified crypto walletNgrave’s co-founder and chief executive Ruben Merre told Cointelegraph…

“We built this interface so anyone who wants to donate but holds other ERC-20 tokens can do so with one click,” said the Uniswap team. 199 Total views 21 Total shares On Tuesday, decentralized exchange Uniswap launched an interface that directly converts ERC-20 tokens — such as Aave, Chainlink’s LINK and Decentraland’s MANA — to Ether (ETH).…

Although the proposed virtual asset regulatory framework in Oman covers FATF-defined assets, the issuance of privacy coins might get banned. 232 Total views 1 Total shares The Sultanate of Oman is inching closer to launching its own virtual asset regulations, with its financial markets regulator seeking public comments on its proposed regulatory framework governing digital…

Bitcoin cannot be destroyed by the fall of cryptocurrency giants like FTX or, hypothetically, other big exchanges, according to Samson Mow. 433 Total views 4 Total shares The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing…

The Canadian central bank is reportedly considering launching a proprietary digital currency.Digital currency could share info with police and tax authoritiesOn Oct. 16, news outlet The Logic reported that the Bank of Canada is exploring the possible opportunities and challenges related to launching its own digital currency. The central bank purportedly believes that a public…