Cointime

Download App
iOS & Android

Coinbase Canada Director: Canadians Are Beginning To Stop Viewing Digital Assets As Speculative Investments

Lucas Matheson, the director of Coinbase Canada, stated that Canadians are beginning to view digital assets as legitimate assets for everyday transactions, rather than speculative investments. Matheson stated that everyone in the industry is excited about this development, and that in Canada, they are ready to move beyond viewing digital assets as speculative retail investments. This is a movement and a belief in financial democratization.

With the popularity of cryptocurrencies and NFTs, Canadians are becoming more familiar with the concept of decentralization and how digital assets can become a normal part of everyday life for everyone.

Comments

All Comments

Recommended for you

  • Drift Foundation: The governance mechanism is gradually being improved, and DRIFT is one of the components

    The Drift Foundation stated on the X platform that the DRIFT token is a component of governance and a key element in empowering the community to shape the future. The governance mechanism is gradually improving, and more information will be announced soon.
  • U.S. senators propose spending $32 billion to develop AI and build safeguards around it

    A bipartisan group of four senators led by Chuck Schumer, the leader of the majority party in the United States, has proposed that Congress spend at least $32 billion over the next three years to develop artificial intelligence (AI) and establish safeguards around it.
  • CryptoQuant: Bitcoin demand is now in acceleration mode again after two months of decline

    On May 16th, cryptocurrency analysis company CryptoQuant stated in a report that despite a rebound in Bitcoin demand from the low point of the accumulation range, after two months of downward trend, Bitcoin demand is once again in "acceleration mode".
  • Fed's Schmid: Low interest rate environment "may not necessarily" return

    The Federal Reserve's Schmid said that the overall economy is still strong. Inflation is still too high, and the Federal Reserve has more work to do. Interest rates may remain high for a period of time, and I prefer to reduce the Federal Reserve's balance sheet as much as possible under the premise of compliance with the operating framework. The low interest rate environment may "not necessarily" return.
  • a16z partner: Americans have accepted digital assets, but current regulatory approaches limit innovation and privacy

    Web3 supporter and a16z partner Chris Dixon (cdixon.eth) posted on social media that in the next two weeks, the House of Representatives will vote on the most important crypto legislation to date, the "21st Century Financial Innovation and Technology Act" (FIT21). We have long called for clear regulation to protect consumers and innovation, and the FIT21 bill will achieve this.
  • Tether CEO: Ripple CEO's comments spread fear about USDT

    According to reports, Tether CEO Paolo Ardoino responded to comments made by Ripple CEO Brad Garlinghouse in a recent interview about the stablecoin Tether (USDT) on social media. Garlinghouse stated in the interview that the US government is pursuing Tether, which is clear to me. Ardoino said that an uninformed CEO leading a company under SEC investigation launched a competitive stablecoin (cui prodest), spreading fear about USDT. Ardoino emphasized Tether's critical role in providing financial services to unbanked communities in emerging and developing regions, which are often overlooked by traditional financial institutions. He further asserted that Tether adheres to strict transparency and regulatory compliance standards, as evidenced by its compliance with the OFAC/SDN list, its partnership with Chainalysis, and its extensive collaboration with international law enforcement agencies to detect and prevent illegal activities, thereby enhancing the security of its ecosystem.
  • Swiss Crypto Bank Amina: Listing Ethereum as a Security Could Cause Many Crypto Teams to Exit the Space

    Swiss encrypted bank Amina stated in the latest "Cryptocurrency Market Monitoring" report that classifying Ethereum as a security could not only bring risks to the entire cryptocurrency market, but also lead to many cryptocurrency teams exiting the field. This determination could hinder the development of the cryptocurrency market and potentially reverse progress made over the years. In addition, the US SEC is likely to delay its decision on the status of Ethereum, putting the cryptocurrency asset in a "gray area".
  • Privacy Layer 1 Network Swisstronik Completes $5 Million in Seed Round Financing

    Privacy Layer 1 network Swisstronik has announced on social media that it has completed a $5 million seed round of financing. Two investors, Constantin Guggi and Anton Polianski, have joined the team as co-founders and executives.
  • Managing Director of Galaxy: Cryptocurrency Explodes Into the Mainstream and Requires Proper Centralized Protection

    Chris Rhine, the Managing Director of Galaxy, stated at the "Institutionalization of Digital Assets" roundtable at Token2049 in Singapore: The original cryptocurrency investors are very concerned about decentralization, but when you really want to expand a technology, you need to provide protection for users. My view is that to truly make cryptocurrencies mainstream, more centralization needs to be introduced.
  • Ethereum Liquid Staking Providers Commit to Self-Limit Rule to Ensure Decentralization

    Several Ethereum liquid staking providers, including Rocket Pool, StakeWise, Stader Labs, Diva Staking, and Puffer Finance, have committed to or are in the process of committing to a self-limit rule that promises not to own more than 22% of the Ethereum staking market. This move is aimed at ensuring the decentralization of the Ethereum network. The proposal was put forward by Ethereum core developer Superphiz in May 2022, and the self-limit was set at 22% because at least four major entities would have to collude for the chain to reach finalization.