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.
All You Need to Know About Self-Custody Wallets
We live in an era where the interest in cryptocurrencies and other digital assets is at an all-time high. Although there is no harm in using a crypto exchange, the ideal approach is always to save your crypto assets in a self-custody wallet, similar to how you’d with your physical wallet. This blog will walk you through the nuances of a self-custody wallet.
Crypto Tax Canada: VirgoCX’s Crypto Tax Guide
It’s that time of the year again: Tax Season. Don’t worry, we’re here to help with our 2022 VirgoCX Canadian Crypto Tax Guide.
Big Moves by Meta and the Metaverse — Last Week in Crypto
We welcomed ApeCoin to Canada! You can now trade the trading pair APE/CAD on our site. NFT news: Yuga Labs acquired CryptoPunks and Meebits to own two of the top-selling NFT projects. Mark Zuckerberg also announces that NFTs are coming to Instagram. What’s more: Decentraland gets its own Fashion Week and Ukraine legalizes cryptocurrency, marking another important moment for the industry.
First Pharmacy in the Metaverse? — Last Week in Crypto
What’s new this week in crypto? eBay is anticipated to announce a decision on integrating crypto as a payment option, CVS plans to enter the metaverse with 4 NFT-related trademarks, The Sandbox surpasses 2 million users, President Biden signs the long-awaited executive order on crypto, and more! Keep up with crypto news and prices here!
JPMorgan Chills in the Metaverse — Last Week in Crypto
We’ve come with exciting news yet again: multichain support is here! We enabled support for Ethereum, USDC, and Polygon so you can now enjoy free withdrawals! The last 2 weeks: find out what JPMorgan is doing in the metaverse, Puma becomes PUMA.eth, the NYSE has ambitious plans to be a crypto and NFT marketplace, and more!
NFL and Coachella Venture Into NFTs — Last Week in Crypto
EXCITING NEWS: We officially waived all fiat withdrawal fees yesterday! That’s right, you can now cash out on our platform for free! What’s new in crypto these past 2 weeks: keep an eye for crypto ads during this Sunday’s Super Bowl as crypto goes even more mainstream, Super Bowl attendees will be given their own NFTs, Shiba-Inu-themed coins are top gainers, and more!
Is This the Start of a Bitcoin Comeback? — Last Week in Crypto
This week: Bitcoin rallied on Tuesday afternoon after falling to a seven-month low and seeing a loss of more than half its value since its all-time high. However, NYC Mayor Adams has no regrets about taking his first Bitcoin paycheck last Friday. More: Twitter is rolling out verified NFT profile pictures, Fantom becomes the third-largest DeFi protocol by value locked, Google forms a blockchain unit and Wiki continues to accept crypto donations.
The Ups and Downs of Bitcoin — Last Week in Crypto
It’s been a busy two weeks for Bitcoin. The apex cryptocurrency celebrated its 13th birthday on January 3 with its hash rate hitting an all-time high on the same day. Meanwhile, the third-largest whale celebrated this special occasion by buying 456 BTC. However, Bitcoin’s price also fell to a 3-month low. More in this newsletter: Samsung reveals NFT TVs, Cardano plants 1M trees, Paypal explores a branded stablecoin.
Global Search Interest for ‘NFT’ Tops ‘crypto’ — Last Week in Crypto
Global search interest for ‘NFT’ surpasses ‘crypto’ for the first time ever. According to Google Trends, global searches for “NFT” surpassed “crypto” last week. In addition, Bored Ape Yacht Club NFTs topped CryptoPunks for the first time on a key price metric. Last Wednesday, the lowest price for a Bored Ape was 53.9 ether while the base price for a CryptoPunk was 52.69 ether. Catch up with what else happened in our newsletter!
A Guide to Smart Contracts
Blockchain technology has introduced us to several new concepts that have completely changed the way we function. One of these concepts is smart contracts. Thanks to them, the need for a middleman or intermediary during transactions has been eliminated. In this blog, we’ll be talking about who created smart contracts, what they are, and what you should know about them.
Virtual Land Dominated NFT Sales — Last Week in Crypto
Virtual land in the metaverse dominated NFT sales over past week. In one week, NFT sales recorded $300 million. Almost a quarter of that total has been for digital land in the Sandbox metaverse. What’s going on with Tesla and Dogecoin? Elon Musk says Tesla will start taking Dogecoin for some merchandise sales in a tweet, making the coin surge by around 24%.
Tokenmania: The Most Expensive NFT Projects
2021 has been the year of the non-fungible token (NFT). With the NFT industry moving at a quick pace, it is hard to understand how inventive some collections are becoming. Let’s look at the most expensive and creative NFTs to have been released so far – and see just how far people have gone to own a piece of digital history.
A Crypto Comeback — Last Week in Crypto
Last week in crypto: Bitcoin City in the making? President Nayib Bukele announced that a “bitcoin city” will be built in 2022. It is set to have a central plaza in the shape of the Bitcoin logo. More: NFT is Collins Dictionary’s word of the year, MicroStrategy buys another 7,002 bitcoins for $414 million, and ‘Omicron’ the cryptocurrency surges almost ten-fold.
New Listings, Black Friday Events & More — Last Week in Crypto
What a busy week! 3 Black Friday events were launched this Monday, 6 new coins went live on our site yesterday, and crypto withdrawal costs were reduced or waived today! The minimum withdrawal amounts were lowered today as well! 🥳 Make sure to check out our limited-time Black Friday events before they’re gone!
Bitcoin Wallet Canada – Crypto Wallet Guide
Bitcoin is a digital currency, and a wallet is needed for storing, receiving, and sending your crypto. A wallet is protected with a private key so that only the owner of the wallet has access when needed. There are a number of facts to consider when you decide on your Bitcoin wallet depending on your goal. Let’s take a look at each type of wallet, as well as their advantages and disadvantages.
Cryptocurrency liquidity at your fingertips: OTC Direct
Buying and settling large amounts of cryptocurrency can be a time-consuming process through traditional retail platforms. Over-the-counter (OTC) trading can eliminate a majority of the headaches. But what if you needed to trade instantly, without having to jump through multiple lines of communication? Enter OTC Direct – VirgoCX’s digital platform that allows for instantaneous large block transactions of over CA$30,000.
A Look at the Bitcoin Lightning Network
Cryptocurrencies have completely changed the world, with Bitcoin and Ethereum, the two largest and most popular cryptocurrencies seeing an exponential increase in transactions on their network. However, this increase in popularity did expose a flaw in the technology behind these two cryptocurrencies. What is this flaw you ask? It’s the flaw of scalability. This is where the Lightning Network comes in. Let’s take a look at what it is, how it works, and more.