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Tag: Hodl

  • A new government report claims most Canadians regret investing in crypto assets

    A new government report claims most Canadians regret investing in crypto assets

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    In 2023, the number of cryptocurrency owners in Canada decreased slightly, but the average holdings increased significantly.

    According to a report from the Ontario Securities Commission (OSC), 77% of respondents regret investing in crypto assets.

    While the number of Canadians able to provide a basic definition of cryptocurrency has grown from 51% in 2022 to 54% in 2023, only 34% of them now believe cryptocurrency “will play a key role in the future,” compared to 49% in 2022.

    However, despite the pessimism, 39% of respondents said their crypto portfolio was profitable compared to the initial investment, which is only slightly lower than in 2022 (46%). And the average value of such a portfolio has risen sharply from $52,975 last year to $82,998 this year.

    Source: OSC report

    The negative sentiment of Canadians towards cryptocurrency was confirmed in the “Digital Canadian Dollar Public Consultation Report.”

    In addition, public consultations on the Central Bank of Canada’s digital currency (CBDC) initiative revealed a general negative attitude from Canadians.

    The Canadian central bank set out to define the place of CBDC in a world dominated by digital paper payments and credit cards. However, Canadian residents have demanded the introduction of rules requiring merchants to accept cash as payment.

    A new government report claims most Canadians regret investing in crypto assets - 2
    Source: Digital Canadian Dollar Public Consultation Report

    The majority of respondents advised the Bank of Canada to stop research and increase the capacity to issue a digital Canadian dollar. However, the public believes that their feedback will not be taken into account under the CBDC initiative.

    At the same time, Canada is ranked in the top spot for having seven spot Bitcoin ETFs worth a total of $2b in total assets. Data from the report shows that Canada and Europe are the main markets for spot Bitcoin ETFs, with the seven in Canada and 10 in Europe.


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    Anna Kharton

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  • Bitcoin Sellers Exhausted, Accumulators HODL The Line

    Bitcoin Sellers Exhausted, Accumulators HODL The Line

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    The below is an excerpt from a recent edition of Bitcoin Magazine PRO, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.


    Analyzing On-Chain Bottom Indicators

    In this week’s dashboard release, we highlighted some key on-chain metrics we like to track. In this article, we want to walk through more of those in detail. Across bitcoin’s short history, many on-chain cyclical indicators are currently pointing to what looks to be a classic bottom in bitcoin price. Market extremes — potential tops and bottoms — are where these indicators have proven to be the most useful. 

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    Dylan LeClair And Sam Rule

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  • HODLween Brings Bitcoiners Together To Celebrate Halloween In Charlotte

    HODLween Brings Bitcoiners Together To Celebrate Halloween In Charlotte

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    This is an opinion editorial by Chris Alaimo, the multimedia producer and host of Bitcoin Magazine’s Twitter Spaces.

    It was a dark and cold night in the midst of the bear market, when a group of Bitcoiners gathered in Charlotte, North Carolina, to speak about hard money and a better world.

    On Friday night, attendees got to eat a meal prepared by Texas Slim and Gourmet Cavemen, who talked about the importance of food intelligence and how the quality of food around the world has declined in value since 1971. They used this equation to justify their position: value equals quality divided by cost. They asserted that the quality of food has been decreasing while costs increase, resulting in food of lower value.

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    Chris Alaimo

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  • Celsius Network Selected by Fifth Element Fund to Manage Crypto Assets

    Celsius Network Selected by Fifth Element Fund to Manage Crypto Assets

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    Blockchain lending & borrowing platform chosen as founding member of SDG Impact Fund

    Press Release



    updated: Sep 21, 2018

    Announced today at the United Nations, Fifth Element is launching its SDG Impact Fund and will be the first to accept and deploy traditional assets and all forms of crypto, token and digital assets for the mission of meeting the UN Sustainable Development Goals.

    Celsius Network is a founding member of the fund and will be its preferred digital wallet. The fund plans to raise several hundred million dollars and deploy them in both fiat and digital format using public blockchains.

    We see a great opportunity to use this technology to deliver the value collected by different UN organizations in a more precise and effective way to the people and organizations that need it most.

    Scott Stornetta, Adviser, Celsius Network

    At the SDG Frontier Finance forum event today, held in conjunction with the International Day of Peace, Bryan Doreian, Chief Development Magus, Fifth Element Fund, announced the selection and partnership. The event also included the first few donors to contribute to the fund. Celsius Network was named as a founding member.

    Scott Stornetta, adviser to Celsius and one of the original inventors of blockchain technology, commented, “We see a great opportunity to use this technology to deliver the value collected by different UN organizations in a more precise and effective way to the people and organizations that need it most.”

    The Fifth Element Fund plans to use the public blockchain to implement its global programs and use the technology to both monitor and implement its mission in line with the UN Sustainable Development Goals.

    Celsius Network aims to bring power back to the people by providing banking services typically reserved for the top 1 percent. “By offering earned interest rates up to 7.1 percent, we allow individuals to make the same passive income Wall Street has been making for years,” says Celsius CEO, Alex Mashinsky. “Joining forces with Fifth Element will ensure our services reach those most deserving.”

    If you would like more information please call Kristen Ryan at 603-401-5897 or email kristen@celsius.network

    Source: Celsius Network LTD

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