Tag: Canada
Canada Is the First Country to Allow Trading BTC on Its Stock Exchanges
Bitcoin has officially been introduced at the traditional stock exchange. The first country to make this significant move was Canada. Before that, the only way to buy and sell BTC was by using a digital currency stock exchange, which is still the most popular way to trade Bitcoin and other cryptocurrencies. The Great White North officials authorized a Bitcoin fund that was immediately introduced to the stock market. This event will pave the way for many investors to access the popular cryptocurrency and try to make a profit with its help. The Bitcoin index fund was proposed by a company called Purpose Investments. The Toronto Stock Exchange approved the start of the fund on February 18. As announced by the spokesperson from the Ontario Securities Commission, the fund uses the acronym BTCC. The role of the fund’s administrator belongs to a Canadian company called CIBC Mellon Global Securities Company. The sub-custodian is the Gemini Trust Company. There are no similar traded Bitcoin funds anywhere in the world. It means that Canadian stock traders could start a trend where many other stock exchanges will introduce a cryptocurrency-backed fund. Purpose Investments issued an official press release declaring that the fund was the first in the world to be physically settled in BTC and not derivatives. It means investors will access cryptocurrencies conveniently without self-custody risks and all associated dangers that digital cryptocurrency wallets bring. The main risk brought by digital wallets is the usage of keys. A private key is the only thing that allows you access to your cryptocurrencies. This key is like a password, but it’s irretrievable, meaning your Bitcoin storage will be lost forever if you forget the key. For instance, if you lose your Facebook password, you can always send a request to change it. The platform, being a centralized entity, will grant you that request. Unfortunately, that option isn’t available when it comes to digital wallets, meaning a lost key is gone forever. Many people don’t feel confident about this arrangement and believe handling your own keys brings a certain risk. That is why an exchange-traded fund seems like a better option at the moment. In other words, being in charge of your own fortune requires having a high level of responsibility and keeping your private keys safe and secure. Bitcoin Reaches New Heights: When Bitcoin was introduced to the world in 2009, it was worth almost nothing. You could buy hundreds of Bitcoins for a couple of dollars. The first time that the cryptocurrency peaked was in December 2017, when the price reached almost $20K. After that, the price started going down, with many pessimists predicting the ultimate fall of BTC. However, there was no reason to worry. After a somewhat quiet period in 2018, when the BTC rate reached as low as $3,500, a slight bump happened when the price increased to more than $10k in 2019. Then, the Covid-19 pandemic started, and people started looking for a way to store their wealth. At that moment, Bitcoin turned out to be one of the most lucrative solutions. Therefore, they joined a stock exchange cryptocurrency and started massively buying BTC. The price first reached around $30K, and it is currently being traded at about $45K. This was a reason good enough for many people to consider buying “digital gold.” Another reason why this cryptocurrency increased in value was the fact that big companies started investing in it heavily. For example, Tesla invested approximately $1.5 billion in bitcoin, and many smaller investors followed its steps. What About Other Cryptocurrencies? So far, Bitcoin has been the most popular cryptocurrency, traveling the longest distance on the road to widespread adoption. However, it’s definitely not the only crypto out there, as many other altcoins are pretenders to BTC’s trone. Some of them might even get a similar treatment by traditional stock exchanges. The most likely candidate for that is Ethereum, a cryptocurrency supporting the Ethereum platform. Besides Ethereum, Bitcoin Cash is doing a pretty good job, as well as Tether, Binance Coin, Ripple, Litecoin, and more. Final Thoughts: The introduction of Bitcoin to the traditional stock exchange gives Canadian investors more room to access the cryptocurrency. They’ll be the first ones to test how that works and whether one can make a profit by investing in the Bitcoin ETF. If all goes well, we could expect other exchanges to do the same. All eyes are now on the Wall Street exchange, which is expected to copy the homework from the Canadian stock exchange. Will there be additional Bitcoin funds used by investors to trade on stock exchanges around the globe? At this moment, everything seems possible. Read Also: Exciting Facts About Cryptocurrency And Crypto Wallets How to Buy Bitcoin From Norway HybridBlock: Why Binance Is Investing In Crypto-Fiat Trading Everything You Must Know About Bitcoin Circuit: Legal or Scam
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What to visit in Canada? Know all the Requirements You Need to Travel
Are you traveling to Canada for the first time? Here we tell you what procedures, flights and itineraries to take to plan an adventure that will mark your life. Maple honey, polar bears, cosmopolitan cities, waterfalls, incredible natural settings, regions with French and good legacy, Justin Trudeau are just some of the reasons why Canada should always be on your travel wish list. Canada has a territorial extension of just over 9 million square kilometers is not an easy thing, because you have to think very well the route you will follow, as well as all the procedures and documents you need to pass migration in Canada. Therefore, I have prepared a guide for the traveler to travel to Canada, to avoid any setback on your trip. What to visit in Canada? Know all the Requirements You Need to Travel: 1. How to travel to Canada? Without a doubt, there is no better option than flying with the Canadian flag airline; Air Canada to reach the country of the maple leaf immersing you from the approach in the culture of this North American country, however, there are other airlines that also offer flights to Canada. Remember that if you want to get the cheapest plane tickets to travel to Canada or other destinations, I recommend you be flexible in your dates, as well as use our cheapest month tool and register a price alert from our website. 2. What are the requirements to travel to Canada? You need your passport with a validity of at least 6 months and process the Electronic Travel Authorization (eTA). Enter the official website of the Government of Canada, there you must fill out a form, pay $ 7 Canadian dollars with your credit or debit card and wait to receive in your email the confirmation that your application has been approved. If needed, you should manage the Canadian visa application. Remember to take the reservation of your plane tickets and lodging, because in-migration they could ask for it. Once landing in Canada, immigration agents will request your eTA. Don't forget to wear it printed! 3. What to visit in Canada? Depending on the days you have available for travel, I recommend you start discovering this destination by region. But we will talk about only 2 of them; Toronto and Montreal. Toronto Canada: This is definitely the preferred route for travelers who travel for the first time to Canada. An adventure between the provinces of Ontario and Quebec requires "relatively" little time since the most sought after destinations are fairly close and well connected by train and bus. What to do in Toronto? The route begins in the city of Toronto, so cosmopolitan and diverse, with hundreds of activities to offer and important tourist points such as Casa Loma, the Toronto Islands, the Distillery District, the Hockey Hall of Fame, Yonge Street and the CN Tower. From Toronto you can take the opportunity to get to know the famous Niagara Falls, in the city of Niagara Falls, this tour is done in one day since this waterfall is only two and a half hours by train from the city. Montreal The journey continues through Montreal approximately 5 hours away from Toronto. While the official language in the province of Ontario is English in Quebec is French. Do not forget to visit the Botanical Garden, the Basilica of Notre Dame de Montreal, the Mont-Royal Park, and the Olympic Stadium in Montreal. Finally, you will arrive in the charming city of Quebec, where you will feel in the middle of a stage worthy of a film filmed in the Victorian era due to its incredible architecture. In Quebec there is much to see like the Montmorency Waterfalls, its beautiful Historic Center, the Notre-Dame cathedral of Quebec, climb the Funicular of Old Quebec and admire the imposing Le Château Frontenac castle, where you can also stay. Of course, there are still many interesting destinations in Canada. In essence, Canada is heaven and you definitely want to go to heaven. Read Also : The New Tech Running Canada’s Cannabis Industry How To Become A Certified HVAC Technician In Canada
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Are you planning to relocate to Canada?
If you’re among those relocating to a big and highly popular nation, Canada then this write-up is to guide you to get the best accommodation to live in. Heading to a new country is always an exciting experience, but when it comes to establishing yourself there could be a daunting task. Right from your touchdown in Canada post-immigration, is tracking a comfortable accommodation. Here some of the sources who can count upon in finding a perfect location to live in. Keep reading! Pick Temporary Accommodation: Initially, most of the immigrants plan to take in temporary accommodation and then move to a permanent place. Probably, the prime focus is on finding a good job first and a preferred residence location thereon. Such temporary staying solutions can be hotels, hostels, rental apartments, and alike. The apartments in Canada are subjected to 12 month lease period only. Consider Preferences: To meet such a situation, the country has introduced a specific accommodation service to assist the immigrants in finding the perfect location in the minimum time possible. All you need to apply for the same considering your preferred location, budget, workplace distance, and other related expenditure. Check Affordable Availability: If you ask for the cost of living in Canada, it simply depends upon the area/street you select to live. Reading the reviews, the places like Saskatchewan and Montreal are among the most affordable to stay at. These are economical as compared to Alberta and Vancouver. External Sources: You must be financially strong enough as the cost of living in Canada is certainly higher than the cost in your base country without any doubt. You can use various sources to find a perfect place for you. It comprises Canada’s housing corporation, housing directories, classifieds, websites and other media tools. CMHC (Canada Mortgage and Housing Corporation) is a government agency that aims to provide the best resources for housing for people probing for accommodation in the country. It helps both the new entrants as well as the existing citizens looking for a home. Next, you can find a kind of housing, whether temporary or permanent in the housing directories, classified and newspapers as per your budget and preferences. There is a myriad of online websites which help you to get a house for yourself. Maps are displayed there, you can just click on the location you desire to live in and it will show you all the possible housing options in and around the specific area. These websites help in finding services and jobs as well. An ideal way to relocate and settle in Canada is on PR visa. With this visa, the applicants can fetch several benefits from the massive Canadian government, such as free education and free medical facilities. Connect to the visa experts and get detailed information about the formalities and paperwork required for the same. You can browse through eta-canada-visa.com to take the expert guidance on visiting Canada as a tourist or PR or study abroad. It helps you in the complete visa documentation and procedure. Hoping for your delightful stay in Canada!
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