What Is Bitcoin Halving? One of the big moments in the crypto world is about to take place: The Bitcoin Halving. Sometimes this week the rewards miners receive for successfully mining a block will halve from 6.25BTC to 3.125 BTC. This mechanism is part of the instructions by Bitcoin’s founder(s) stating that after 210,000 new
Understanding $30,000 Crypto Purchase Limits in Canada
What does “Net Purchase Limit” for crypto mean? Think of a net purchase limit as your yearly budget for buying certain cryptocurrencies. You start with $30,000, but every time you sell some crypto it’s like getting a refund that increases your budget back up for the year. Which cryptos have a $30,000 purchase limit? Bitcoin
2022 Highlights – Your Support Made It Possible
Dear VirgoCX users, 2022 has come to an end, closing one of the most challenging chapters on cryptocurrency’s history. Starting with major coins reaching absolute new heights, to the fall of FTX, we have grown to become vigilant about the custody of our assets and how platforms are handling them. Yet, as we enter the
Protecting your assets: The security of self-storage
When storing cryptocurrency, there are a wide range of options to choose from. The most popular and common form, particularly for newer investors, are third party custodial storage services – including good old-fashioned exchanges. While it is hard not to recommend storing your digital valuables on exchanges, particularly when many of them employ rigorous layers
VirgoCX’s Commitment Statement
Hello VirgoCX users, The FTX collapse resulted in one of the worst cryptographic disasters in recent history. This isn’t just about one single exchange going under; the trust for the centralized exchange and the passion for crypto and blockchain have been fading. Personally, I feel very sad about some Canadian users who may have used
Orders of the day: Understanding limit orders, stop orders, and RFQ orders
Utilizing VirgoCX Wealth can be a familiar experience for many – OTC Direct looks and functions like a traditional trading platform and offers many of the same features that a typical trading platform would offer. Along with being able to see real time pricing between some of the most in-demand trading pairs, you can trade
Ethereum Merge reducing Carbon Emissions — Last Week in Crypto
EVERYBODY’s talking about the Ethereum Merge, what else is happening this week?
Futurist 2022 Speaker Details Revealed — Last Week in Crypto
Futurist 2022 is less than 2 weeks away! Come meet us there for surprise giveaways and to listen to our speakers! Our CEO & founder Adam Cai will speak about NFTs while our marketing manager Nora Anwar will speak about exchanges. Read on for crypto news.
Futurist 2022 Is Coming: Let’s Take a Look — Last Week in Crypto
Blockchain Futurist Conference is taking place in Toronto from August 9 to 10! Use code VIRGOCX25 for 25% off your tickets. We also have a giveaway next week!
VirgoCX Receives Great Place to Work® Certification
It’s Official, VirgoCX is a Great Place to Work®! VirgoCX is proud to announce that we have been certified as a Great Place to Work® after a thorough, independent analysis conducted by Great Place to Work Institute® Canada.
Crypto Phones Are Hitting the Market… Would You Want One? — Last Week in Crypto
Let’s take a look at the moves by some major players these past two weeks. MicroStrategy is still firm in its decision to invest in Bitcoin and puts another $10M in the coin despite its recent price crash. KPMG, a Big Four firm, also revealed its new collaboration hub to connect stakeholders to Web3. Solana Labs has announced the release of its own smartphone, Saga, next year. Read about these pieces and more here.
Industry & Platform News in the Past 2 Weeks — Last Week in Crypto
We recently listed 3 coins and launched our recurring buy feature! Log in to your account to check out what’s new and stay tuned for more recurring buy pairs in the near future. Our double referral program is also ending this Friday. Don’t miss out – grab all your friends! Read 6 of the top news pieces these past 2 weeks here to keep up with the industry!
VirgoCX Secures Approval from Canadian Securities Administrators (CSA) to Become a Restricted Dealer in Crypto Assets
It’s been quite a journey these past few years! We have been working diligently to achieve our goal of accelerating crypto adoption since the beginning. Today, we are delighted to announce that we have been approved by the Canadian Securities Administrators (CSA) as a Restricted Dealer in crypto assets in all Canadian provinces and territories!
Let’s Recap: Industry Moves & More — Last Week in Crypto
It’s been a crazy few weeks for crypto traders everywhere! For one, LUNA was resurrected through the new Terra blockchain. And of course, we were the first platform in Canada to list it! During these past 2 weeks: Terra 2.0 was launched, Cardano surged 27%, top luxury brands are entering the crypto and NFT space, and more.
VirgoCX Wealth and USDC: What you need to know about USD Coin
Stablecoins have commanded a significant portion of the cryptocurrency industry’s market capitalization in recent years as they represent an accessible first step for investors who may be hesitant on diving directly into crypto. In this article, we’ll be taking a look at some of the important aspects of this USD Coin and how you can utilize VirgoCX Wealth to get to trading it yourself.
LUNA’s New Revival Plan — Last Week in Crypto
Sunday is Bitcoin Pizza Day! Head over to our Twitter for a giveaway! In addition, we’ve all heard the news about LUNA. This morning, Do Kwon announced an on-chain proposal on Twitter. What’s more: Bitcoin slides for 7 weeks straight, Instagram and Spotify test out NFT support, Gucci welcomes crypto, and Starbucks prepares for its own NFT collection.
Another Country Adopts Bitcoin — Last Week in Crypto
One week ago, we listed 4 new coins: CVX, MIR, HBAR, and XTZ. We didn’t stop there! We now also support the Terra version of UST. Enjoy lower fees and higher transaction speeds! Some big moves: Central African Republic becomes second country to adopt Bitcoin as legal tender, Panama passes a crypto assets bill, and of course, Elon Musk buys Twitter for $44 billion, resulting in a 30% DOGE rally.
Growing Appetite for Crypto Around the World — Last Week in Crypto
Yesterday, we introduced new features to our platform, with one being the Account Appropriateness Questionnaire. We have an article with more guidance. News these past 2 weeks: Australia is set to have 3 crypto spot ETFs next week, Slovenia plans for a flat tax on crypto transactions, TerraUSD becomes the third-largest stablecoin, and more!
What is OTC trading?
OTC stands for “Over The Counter” trading. These are essentially private deals conducted between the trader and the service provider (or “desk”). In this blog, we explain the differences between traditional cryptocurrency exchanges and VirgoCX Wealth’s Over-The-Counter Trading Desk. Plus, learn how OTC trading can save you money on large crypto transactions.
Elon Musk Shows His Influence Once Again — Last Week in Crypto
New developments: Bitcoin nears its supply with only 2 million Bitcoin left to mine, Rio de Janeiro will allow tax payments in Bitcoin next year, Elon Musk leads a Dogecoin rally, and more! Check back every two weeks for more news.