BTC, ETH & more
REGULATORY:
INDUSTRY
The FED’s most hawkish tightening policies have continued to wreak havoc on domestic and international markets… Compounded by an escalating war and resulting energy crisis, and G7 currencies playing catch-up with an impressively strong US Dollar, it seems the only currency to escape the week unscathed–and the irony is lost on no one–was Bitcoin. (When the decoupling?)
Indeed unlike their FIAT counterparts, BTC and ETH continued trading within their respective ranges established over the last 3 weeks. But despite impressive yet short-lived intra-week rallies–‘Septembear’ did not disappoint: At the time of writing, BTC & ETH are up 2.9% and 0.63% in the last 7 days –some most-welcome breathing room for the top 2 cryptos as their FIAT counterparts garner the volatility spotlight–but threaten to close the month down 3.5% and 15%, respectively. Cold comfort.
The more your stake, the more you make. By staking your crypto assets, you generate a reward for allowing the blockchain network to use the right in your staked assets to maintain the blockchain and validate new transactions. You do not have to transfer your crypto assets from your Ndax account, and your crypto always remains in your control, but by staking, you are entitled to a portion of the network transaction fees.
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The crypto you stake never leaves our cold wallets, so you can rest assured that your staked assets are stored securely with the highest standards among the Canadian fintech industry.
Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.