News & Updates
QuadrigaCx @ www.quadrigacx.com is a Canadian exchange which has currently suspended services.
This statement was issued by QuadrigaCx today. Not the best of news, especially for those who had funds/Bitcoin with them. I can't say for sure what's in store for them, though it does serve as a great reminder as we've referenced in our manual, keeping your Bitcoin off exchanges is indeed a necessary protocol.
Message from QuadrigaCX Board of Directors
January 31, 2019
An application for creditor protection in accordance with the Companies' Creditors Arrangement Act (CCAA) was filed today in the Nova Scotia Supreme Court to allow us the opportunity to address the significant financial issues that have affected our ability to serve our customers. The Court is being asked at a preliminary hearing on Tuesday February 5 to appoint a monitor, Ernst & Young Inc., as an independent third party to oversee these proceedings.
For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us. Unfortunately, these efforts have not been successful. Further updates will be issued after the hearing.
I listen to many podcasts, especially in the Bitcoin space and this is one I really want you to listen to. Wences Casares founder of https://xapo.com/ was one of the first thought leaders in Bitcoin that I respected and that was instrumental in my understanding of Bitcoin. Have a listen.
We're big supporters of Bitcoiners running their own full node. Although it is voluntary, it contributes to the network growth and security. http://learnmeabitcoin.com/guide/nodes . We run a Casa Node https://keys.casa/ which also includes a Lightning Node https://en.wikipedia.org/wiki/Lightning_Network which is a plug & play solution but comes at a cost of $300 USD.
Alternatively you can install and run your own node (for free) via the information on this video https://www.youtube.com/watch?v=g2fWEBxCDNY , also read thread below video in comments section for link on how to set up your router if need be. For manual Lightning node install, please visit here. https://medium.com/@pierre_rochard
Keep in mind that The Lightning Network is still in it's infancy, although usable and going very well, we do not suggest you dedicating substantial amounts of BTC on a node as you could lose it (if you decide to run a node). Essentially Lightning nodes are to facilitate establishing channels providing payment gateways for the Bitcoin system to move small amounts of value between two parties rapidly and efficiently. Often referred to as a layer 2 scaling solution. Learn more here at https://www.cryptovibes.com/knowledge/lightning-network-blockchain-guide/ .
Alternatively, you can experience The Lightning Network as a consumer with these 2 wallets.
*Please be advised it is not compulsory for you to run your own full node, you can use Bitcoin without it.*
We are especially happy to bring you this update as it's not everyday you have the opportunity to EARN free bitcoin but that's exactly what Lolli does! Check out more here. https://www.lolli.com/
It has been brought to our attention that for maximum protection of your OPENDIME, that it's best kept in what is called an ESD bag. An antistatic bag is a bag used for storing electronic components, which are prone to damage caused by electrostatic discharge. Please do keep in mind though, if you're intending to hold some BTC on your OPENDIME for a period of time, you've exercised the instructions as per our video #2, and backed up your private key and stored it in very safe place so that you're covered if device were to fail for some reason.
Blockstream launches a new wallet. We have not tried it yet but intend to. This is a very reputable and solid company in the Bitcoin space with active development happening. Learn more here: https://blockstream.com/2019/03/19/en-the-all-new-blockstream-green-wallet/
Good morning and a fine morning it is with the Bitcoin price hitting over $5000 USD overnight. This may have kick started a new bull run and while encouraging to see, we're confidently positive long term, we're cautiously optimistic short term. Stay safe friends. Link to Bitcoin price chart. https://www.tradingview.com/chart/P2AoWvxg/
A service that you may want to check out is https://bullbitcoin.com/. A Canadian company which serves as a place where you can buy & spend Bitcoin from a single account. They also provide a service in which you can pay bills such as utilities or property taxes which is pretty cool. We have an account though have yet to use the service as they have yet to offer etransfer deposit method but we're told it should be soon. We've heard great things thus far.
We would like to share this paper on Wences Casares perspective. The possibility that exist with Bitcoin is unprecedented.
A great report brought to you by Adamant Capital whom has been focusing on Bitcoin price, on chain metrics and the economics of Bitcoin for a couple of years now.
We're of the same opinion that Bitcoin is coming out of this bear market.
Enjoy the report....
Hope you're all doing great. Today I'm sharing a rather BOLD campaign brought to you by Grayscale that launched yesterday.