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Buying cryptocurrencies, like Bitcoin, in Canada is legal and straightforward. Canada is one of the many countries that has embraced the actual and potential value of digital currencies. Increasingly, more business takes place using remittance tokens such as Ripple's XRP. Although the Bank of Canada has no current plans to build a digital currency, the deputy governor, Timothy Lane, has alluded to the possibility of a stablecoin in the future.
Decentralized Digital Currency and Centralized Digital Currency
Bitcoin was the originator, but there are now several different kinds of digital currencies. For the most part, all share a similar technological architecture, which is blockchain. Blockchain is a kind of encryption that uses digital signatures that are nearly impossible to duplicate or forge. The technology is so secure because, within a specific blockchain, each piece of encryption is linked to the other. That is where it gets its name from. A blockchain is a linked set of lines of encryption.
Once Bitcoin's unknown creators solved the technological problem of creating a secure digital currency, thousands of other cryptocurrencies followed. There are now several different classes of digital coins or tokens. Let's distinguish between three kinds
For starters, Bitcoin is a decentralized digital currency, which makes it a true cryptocurrency. That means that it works in a trustless environment that relies only on the functionality of the technology. To function, Bitcoin relies on a global network of computers that approves each valid transaction. As such, no one entity or bank controls Bitcoin. Instead, a community of users maintains the integrity of the coin. Hence it is decentralized.
Stablecoins are not fully decentralized coins because a real asset backs their value. A popular example is Tether (UST). UST is pegged to the US dollar at a 1:1 ratio. There is also a Tether Euro and Yen Tether, pegged to the Euro and the Yen, respectively. Like the digital yen, stablecoins are managed by a central authority or private organization.
Digital tokens can refer to all kinds of digital currencies or cryptocurrencies. The terms can be used somewhat interchangeably. But what distinguishes digital tokens from others is that they can also refer to digital fiat currency, such as the digital Japanese yen. A digital token can also represent an asset. Sometimes Ether is referred to as a digital token because ETH is not just traded on the market, but it functions much more like a share in the project or an IPO (initial public offering).
in Canada, it's a good idea to use a Canadian cryptocurrency exchange such as Coinsmart. Photo by Ewan Kennedy on Unsplash
Buying Bitcoin and Digital Tokens
If you have a Canadian bank account, the easiest way to buy Bitcoin is to use a managed exchange. The benefit to using a managed exchange is that there are multiple ways to buy cryptocurrencies, like Bitcoin. If you are in Canada, it's a good idea to use a Canadian cryptocurrency exchange such as Coinsmart. Exchanges like these allow users to buy cryptocurrency using credit cards, debit cards, e-transfers, wire transfers, and other cryptocurrencies.
Managed exchanges work much like traditional exchanges, except that they buy and sell cryptocurrency. Exchanges set the price of all of the cryptocurrencies they sell based on market value. It is worth checking several different exchanges because you may get a better price on one, as prices are determined based on multiple factors.
Another benefit of using managed Canadian exchanges is that they are approved financial institutions and are legally registered with FINTRAC to sell cryptocurrencies in Canada. And, as of 2021, cryptocurrency exchanges with Canadian operations must be registered to do so. Before you purchase any cryptocurrencies on managed exchanges, users must create accounts and verify their identity. This requires some kind of proof of identity or residence, such as a Canadian driver's license or bank account.
Other Exchanges and Places to Buy Crypto
The second most accessible way to buy cryptocurrency is through a decentralized exchange, such as Bisq, 1inch, or Uniswap. Functionally, decentralized exchanges work the same way that managed exchanges do. The main difference with decentralized exchanges is that there is no personal information or identity verification required. These exchanges do not have centralized management, but like Bitcoin, they also run with a collective network. Those who prefer to use decentralized exchanges often value anonymity more than anything and would prefer to let the technology and the community do the work.
One limitation for new investors is that many decentralized exchanges do not accept fiat currency as payment. Instead, most decentralized exchanges only accept the other cryptocurrencies that they sell on the exchange. To start trading with decentralized exchanges, you must acquire cryptocurrencies another way.
However, 1inch, for example, accepts USD, and many decentralized exchanges accept XPR or UST. The details vary from one exchange to the next. It is important to compare exchanges and to see which one provides for your needs best.
What You Need to Get Started
First, you need to decide on an exchange and create an account. Creating an account is free and easy. It may take up to a day for your account to be verified.
Next, add money to your account. Each exchange is slightly different, but most Canadian exchanges allow users to fund accounts with e-transfers and credit or debit cards. Once you have added funds to your account, you can begin to buy and trade cryptocurrency.
You may want a digital wallet such as MetaMask. These are a lot like email accounts that hold your cryptocurrencies. Having a separate digital wallet for your cryptocurrency lets, you buy and sell on more than one exchange. There are many options for digital wallets. The important thing is to get a wallet that is compatible with the cryptocurrency you want. Not all wallets function with all cryptocurrencies.
After you have amassed some cryptocurrency, you may want to store it on a hardware wallet. Hardware wallets are external wallets that keep your cryptocurrency secret keys safely stored offline. Trezor or KeepKey are two popular examples of hardware wallets.
Lastly, all exchanges charge fees for their transactions. With several Canadian exchanges, such as BitBuy, CoinSmart, and Coinberry, you can fund your account for free with e-transfers. And each exchange charges a fee to withdraw funds in CAD. Fees typically range between 0.01-0.04% for withdrawals. Of course, the details will vary depending on what exchange you use. Be sure to understand the fee structure of any exchange you use so that there are no surprises.
keywords: Bitcoin, cryptocurrency, digital wallet, Canadian exchanges, Stablecoins, Digital tokens, Blockchain
The symbol of Swastika is known to signify peace, prosperity, and good fortune in the religious cultures of Eurasia. In fact, this symbol is considered very significant in Hinduism, Buddhism, and Jainism. But, at the same time, it has become one of the most misunderstood religious symbols and has been globally banned in many countries.
The reason why the symbol of Swastika is banned in many countries is because of its association with Adolf Hitler's extreme political ideology, Nazism, as Swastika as its official symbol.
Austria, France, Latvia, Spain, Germany, and Russia are amongst the many countries that have banned the display and use of the Swastika.
Moreover, last week Victoria in Australia is preparing to become the first-ever state to ban the public display of the Swastika. This is a step towards an expansion of anti-vilification laws in the state.
Representation of the Swastika on the flag of Adolf Hitler's Nazi Movement.Photo by Flickr.
Now, we must know and understand what went wrong with this symbol, which is sacred and signifies all-good things.
For a very, very long time, in India, the Swastika is the first emblem that is worshipped or even drawn before any sacred and auspicious ceremonies as this symbol in Sanskrit represents 'well-being'. But, the Swastika lost all its credibility when it was wrongfully used by Adolf Hitler.
In fact, it is believed that if this symbol is worshipped properly, then it gives positive results. But if it is abused, then it gives negative results. So, when Adolf Hitler rotated the Swastika at 45 degrees, it slowly and steadily brought misery not only to Adolf Hitler and his theory of Nazism but also to all the people who were associated with him.
Therefore, in order to give the kind of respect and credibility which the Swastika deserves, World Interfaith Harmony Week which was held in New York in February this year, interfaith groups appealed to the United Nations to recognize and acknowledge the Swastika as an important and peaceful symbol. In fact, they also differentiated it from the Hakenkreuz or "Hooked Cross" of Adolf Hitler.
India celebrated a historic day on August 7, as 23-year-old Neeraj Chopra became the first Indian to win an Olympic gold medal in athletics. In the men's javelin throw event, he achieved his greatest triumph, throwing the javelin 87.58 meters on his second try.
Neeraj Chopra was born on December 24, 1997, in Khandra village in Haryana's Panipat district. He grew up in a Haryanavi family of farmers. He is the brother of two sisters. He graduated from Dayanand Anglo-Vedic College in Chandigarh and is now enrolled in Lovely Professional University in Jalandhar, Punjab, pursuing a Bachelor of Arts degree. Chopra was bullied due to his obesity as a kid, which prompted his father to enroll him in a nearby gym. He then joined a gym in Panipat, where Jaiveer Choudhary, a javelin thrower, noticed his potential and coached him. When the 13-year-old Chopra finished training under Jaiveer for a year, he was enrolled at the Tau Devi Lal Sports Complex in Panchkula, where he began training under coach Naseem Ahmed.
In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018. | Wikimedia Commons
Chopra's first international medal came in 2014, as he took home a silver medal at the Youth Olympic Qualification Tournament in Bangkok. In 2015, he set a world record in the junior category of 81.04 meters in the 2015 All India Inter-University Athletics Meet.
Since emerging into the public eye with a historic gold medal at the junior world championships in 2016, he has maintained a high level of performance, setting an Under-20 world record of 86.48m, which still stands. Gold medals in both the 2018 Commonwealth Games and the 2018 Asian Games are among his other accomplishments, including a first-place in the 2017 Asian Championships. In 2018, he broke the world record in the javelin throw and became India's first-ever gold medalist in the javelin throw. He is also a laureate of the Arjuna Award for 2018.
Chopra has also had his share of bad events in life. In 2019, he underwent surgery on the elbow of his right throwing arm, which kept him out of the game for almost a year. However, he returned more robust than ever. In November 2019, he went to South Africa to train from Klaus Bartoneitz. He spent the following year in India training at the NIS Patiala because of the COVID-19 pandemic. He was allowed to go to France with his coach after weeks of trying to get a travel visa.
Neeraj Chopra made history in the 2020 Tokyo Olympics by becoming the first Indian to win a gold medal in athletics. Also, it is worth mentioning that after Abhinav Bindra, Chopra is only the second Indian to win an individual gold medal.
Keywords: Neeraj Chopra, Olympics, Tokyo2020, Gold medal, javelin, India, Haryana
The emergence of the Industrial Revolution in Victorian England brought with it many apprehensions and fears that translated into a new genre in literature: the gothic. Today, the idea of the gothic does not have to much with literature as much as it is associated with fashion.
The Victorians began to wear black more often during the Industrial Revolution to hide the stains of soot on their clothes. Many of the working class were employed in factories. They were newly introduced to technology, the idea of coal as fuel, and the working of machines to serve a certain purpose. This kind of work was hard and messy. Wearing light colours burdened the tired folk when the stubborn stains did not get washed away.
The steam engine was invented to make locomotion easier for the masses, but it brought fear to the people. They had led quiet and simple lives till now, and suddenly their world was infiltrated with loud noises and smoke. Dark places became synonymous with evil deeds and mysteries. It was from this time that horror gained a place in the imaginations of people and artists.
A man sporting gothic clothes and shock coloured hair Image source: wikimedia commons
The gothics of today are those who have held on to these practices. There is no need to fear smoke and noise anymore, but the goths wear black clothes all the time, paint their skin a pale shade, to contrast their clothes, and wear bright shades of red. The traditional gothics decorated themselves with jewellery bearing religious significances, as the belief in Dracula and vampires emerged in the Victorian period. Today, it is a trend to wear studded crosses, or crosses made of black metal either as neck chokers, or earrings.
Modern goths also wear bright monotones to show their patronage of a certain style or order of the goths. They can be seen in neon shades of green, pink, and yellow, often sporting piercings, and matching hair. Their tastes are metallic, and they have an uncanny love for tattoos.
Designers consistently include gothic tastes and styles in their clothing lines to create inclusivity for this subculture. Being gothic, or identifying with them is somewhat a concern even in today's society, and such people are often stigmatised to the extent that it is considered a mental illness associated with the dark arts. The phenomenon is mostly observed in teenagers, and often phases out when they reach adulthood, depending on their sphere of influence.
Keywords: Gothic, Fashion, Victorian, Black, Jewellery