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How to Buy Monero in Canada

Monero launched in 2014 and has gained momentum due to its impressive privacy features. However, it has dipped sharply in May. ....

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Forget Bitcoin: Dogecoin, Ethereum, and Cardano Have Lower Mining Costs!

Forget Bitcoin: Dogecoin, Ethereum, and Cardano Have Lower Mining Costs!
Image source: Getty Images
The cryptocurrency markets have taken a beating after Elon Musk tweeted about Bitcoin’s high mining costs. The price of one Bitcoin has fallen by 30% at the time of writing. Comparatively, Ethereum, which is the second-largest cryptocurrency in terms of market cap, is also down 25% from all-time highs.
Musk had tweeted, “We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel. Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment.” ....

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Forget Bitcoin: This Stock Gives You Exposure to All Cryptos

Forget Bitcoin: This Stock Gives You Exposure to All Cryptos
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Image source: Getty Images
Why look for a needle in a haystack, when you can buy the entire haystack? That’s the basic principle of diversification. And in the case of cryptocurrencies, I believe this principle is pertinent. Bitcoin, Ethereum, and Dogecoin get all the attention, but there are thousands of other cryptocurrencies, and no one can predict a clear winner.
Instead of trying to find a winner, I believe investors should add exposure to a proxy for the entire market. The volume of transactions in the cryptocurrency space has skyrocketed in recent months. The industry is now worth US$2 trillion in aggregate. That’s larger than the gross domestic product of most countries. ....

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Forget Ethereum: 3 Cryptocurrency Stocks to Buy Now

Image source: Getty Images
There are a lot of cryptocurrency stocks to buy now on the market. While at first it was mainly just Bitcoin, today you have a host of options. Yet this has caused many to wonder whether now is the time to get out, especially as cryptocurrencies such as Ethereum reached all-time highs.
Ethereum recently passed the $5,000 mark and has since come down only slightly. But it has Canadian investors worried. Just like any new industry, it appears that these cryptocurrency stocks could be in a bubble. Yet that merely means you have to invest wisely.
The downside with investing in Ethereum is mainly the price. If you believe it’s going to be here a decade or more from now, then by all means buy it. But there are other cryptocurrency stocks to buy now that are both less risky ....

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Elon Musk: Tesla Stopped Bitcoin Payments. It's the Perfect Time to Buy 3 Crypto Stocks on the Dip!

In a surprise development,
Tesla CEO Elon Musk announced that the company was no longer accepting Bitcoin payments. The reason is that Bitcoin mining and transactions are not currently environmentally friendly. This news triggered the Bitcoin price to fall to below US$50,000.
However, Musk noted that Tesla would be keeping the Bitcoin that’s on its balance sheet and suggested that Tesla intends to use Bitcoin for transactions as soon as mining transitions to more sustainable energy. He also said that Tesla could accept other cryptocurrencies as payment if they’re much less energy intensive.
The news triggered a selloff of about 10% in other cryptocurrencies such as Ethereum and Dogecoin as well. ....

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