Category: Cryptocurrency news

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Cryptocurrency news Investment News

How to start saving for retirement at 45 in Canada

Starting to save for retirement at 45 in Canada is still feasible, but it requires a proactive approach and potentially more aggressive saving and investing strategies compared to starting earlier. Here are steps you can take to begin saving for retirement at this stage:

  1. Assess Your Current Financial Situation: Take stock of your current financial situation, including income, expenses, assets, and liabilities. Understanding where you stand financially will help you determine how much you can afford to save for retirement.
  2. Set Clear Retirement Goals: Determine your retirement goals, including the age at which you’d like to retire and the lifestyle you envision during retirement. Knowing your goals will help you calculate how much you need to save.
  3. Create a Budget: Develop a budget that prioritizes saving for retirement. Allocate a portion of your income specifically for retirement savings. Look for areas where you can cut expenses or increase income to boost your retirement contributions.
  4. Maximize Retirement Accounts: Take advantage of tax-advantaged retirement accounts such as Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs). Both accounts offer tax benefits that can help your savings grow faster. Consider contributing the maximum allowable amount to these accounts each year.
  5. Catch-Up Contributions: In Canada, individuals aged 50 and over are eligible to make catch-up contributions to their RRSPs. These contributions allow you to contribute more than the regular annual limit, helping you accelerate your retirement savings.
  6. Invest Wisely: Choose investments that align with your risk tolerance, time horizon, and retirement goals. While you may have a shorter time horizon compared to someone starting to save for retirement in their 20s or 30s, you still have time to benefit from long-term investment growth. Consider a diversified portfolio that includes a mix of stocks, bonds, and other assets.
  7. Consider Additional Income Streams: Explore opportunities to increase your income, such as taking on a side job or freelancing. Additional income can provide extra funds that you can allocate towards retirement savings.
  8. Seek Professional Advice: Consider consulting with a financial advisor who can help you develop a personalized retirement savings plan based on your goals, risk tolerance, and financial situation. An advisor can also provide guidance on investment strategies and tax planning.
  9. Stay Flexible: Be prepared to adjust your retirement savings plan as needed. Life circumstances and financial markets can change, so periodically review your plan and make adjustments as necessary.

Starting to save for retirement at 45 may require more aggressive saving and investing strategies, but it’s still possible to build a comfortable retirement nest egg with careful planning and disciplined saving habits.

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cryptocurrency exchange Cryptocurrency news

CoinEx sponsors 2049 Dubai token as proof of its commitment to promoting global cryptocurrency adoption

Dubai, United Arab Emirates, April 2024: CoinEx, a leading global cryptocurrency exchange, is honored to announce its sponsorship as a Gold Partner of Token 2049 Dubai from April 18 to 19, 2024. As one of the events of blockchain and cryptocurrencies, 2049 most influential Token in the world. brings together industry pioneers, investors, businesses, developers, media and other stakeholders to start conversations that will shape the future of Web3.

As a veteran exchange serving over 5 million users in over 200 countries, CoinEx is pleased to participate in Token 2049 Dubai and contribute to the event’s vibrant atmosphere of collaboration and innovation.

“We are excited to connect with the global crypto community as the title sponsor of the 2049 Dubai token,” said Haipo Yang, CEO of CoinEx. Events like Token 2049 are key to driving widespread adoption, promoting an open exchange of ideas, and strengthening ties between builders in this space. The sponsorship reflects our continued commitment to enabling global cryptocurrency adoption.

Additionally, CoinEx and ViaBTC will also host a seaside after-party called “Dubai Beach Night: Where BTC Meets Fun Together” with INTERHASH as co-host at Verde Dubai, Jumeirah Beach Hotel on April 17 at 8:00 PM. 00. I am. CoinEx hopes to engage crypto communities around the world and drive cryptocurrency adoption hand in hand.

About CoinEx

Founded in 2017, CoinEx is a global cryptocurrency exchange committed to making trading easier. The platform offers a range of services including spot and margin trading, futures, swaps, automated market makers (AMMs), and financial management services to more than 5 million users in more than 200 countries and regions.

With its “quality, fast, and comprehensive” listing strategies, CoinEx has listed over 900 tokens and over 1,400 trading pairs. This wide selection allows users to access the latest cryptocurrencies at the forefront of innovation. Since its inception, CoinEx has firmly adhered to the service principle of “user first”. With the sincere intention of fostering a fair, respectful and safe cryptocurrency trading environment, CoinEx allows people with different levels of experience to effortlessly access the world of cryptocurrency by offering easy-to-use products.

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Bitcoin Bitcoin Wallet Cryptocurrency news

Bitcoin Supply on Cryptocurrency Exchanges May Only Last 9 Months

Cryptocurrency trading and exchange platform Bybit has released a new report highlighting the impacts of the upcoming Bitcoin halving event on Bitcoin supply dynamics across exchanges in the crypto space. The crypto firm provided valuable insights into how the halving event would improve scarcity and hugely influence the price of BTC.

Exchanges will face Bitcoin supply crisis

On Tuesday, April 16, Bybit published a new report providing a detailed analysis of the Bitcoin halving event taking place this month. The crypto firm revealed that Bitcoin reserves on the world’s crypto exchanges are rapidly depleting, leaving just nine months of BTC supply on exchanges.

For a clearer perspective, Bybit explains that with just two million Bitcoin remaining in its total supply, a daily inflow of $500 million into spot Bitcoin ETFs would result in approximately 7,142 BTC leaving exchanges daily. This suggests that it would only take nine months to completely consume all remaining BTC reserves on exchanges.

Bybit stated that one of the main contributors to this reduction in supply would be the upcoming Bitcoin halving event, which would reduce the cryptocurrency’s total supply by 50%, cutting Bitcoin miners’ rewards in half.

The cryptocurrency exchange also revealed that after the halving, the sell-side supply of BTC flowing to centralized exchanges (CEX) will be greatly reduced. Furthermore, the “Bitcoin supply constraint will apparently be worse.”

BTC will become “twice as rare as gold”

In its report, Bybit compared the supply of Bitcoin after the halving with that of gold. The crypto exchange revealed that Bitcoin was steadily rising to become one of the safest investment options for even the most experienced and sophisticated investors in the crypto space.

According to the exchange, Bitcoin’s halving would significantly impact the cryptocurrency’s scarcity factor, making it an even rarer asset than gold.

Basing this analysis on the stock-to-flow (S2F) ratio, Bybit revealed that Bitcoin’s S2F ratio is currently around 56, while gold’s ratio is 60. After the halving event in April, it projects that the Bitcoin’s S2F ratio will increase to 112.

“Each Bitcoin halving enhances the narrative of Bitcoin not just as a currency, but as a scarce digital asset, similar to digital gold. The next halving in 2024 will push BTC into an era of unprecedented scarcity, making it twice as rare as gold,” said Bybit co-founder and CEO Ben Zhou.

While highlighting the importance of Bitcoin’s rarity after the halving, another report also revealed that Bitcoin’s price would see significant upward pressure after the halving. This suggests that the reduction in BTC supply could push its price to new highs during this period.

Furthermore, the report revealed that several crypto analysts predict that the post-halving rise in Bitcoin’s price would be less notable than the initial pre-halving surge that saw Bitcoin’s price reach new highs of over $73,000.

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cryptocurrency exchange Cryptocurrency news

Study finds that 70% to 80% of secondary market transactions involve cryptocurrencies and stablecoins

Around 70% to 80% of cryptocurrency secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, along with the huge popularity of crypto assets in the country, are among the reasons why the won is now the second most used fiat currency.
Decline in cryptocurrency volumes for stablecoin 2021/2

According to the latest analysis by the European Securities and Markets Authority (ESMA) on the structure of the cryptoasset market, approximately 70% to 80% of secondary market transactions occur between cryptoassets and stablecoins, without the participation or the use of fiat currencies.

While this is often the case, the ESMA report suggests that during periods of strong growth, transactions between cryptocurrencies and stablecoins often give way to crypto-crypto transactions. The report supports this theory by noting the increase in crypto-to-stablecoin volumes and a decrease in crypto-to-stablecoin volumes in 2020 and 2021. A similar trend was observed in the second half of 2023.

On the other hand, the ESMA report indicates that the growth of crypto transactions involving fiat currencies may suggest “a greater appetite or flight behavior towards security when withdrawing.” While the US dollar is, unsurprisingly, the most favored fiat currency, ESMA’s analysis also found that the use of the South Korean won has increased significantly.

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Bitcoin Investment Cryptocurrency Investment Cryptocurrency news Uncategorized

Where is the safest place to invest in bitcoin?

Best Places To Buy Bitcoin

  • Kraken: Most Established Bitcoin Exchange.
  • Coinbase: Safest Way To Buy Bitcoin.
  • Gemini: Best Bitcoin Exchange For All 50 States.
  • Nexo: Best for daily payments.
  • Binance: one of the safest cryptocurrency exchanges available.
  • OKX: Exchange Trading Experience.

Safest Place to Invest in Bitcoin

Bitcoin Suisse Club

How to invest?

Investing in our website is simple. First of all you need to fill deposit form (available here) providing your Bitcoin wallet address where you wish to receive investment profit, your email address and amount of your deposit. Remember to carefully provide deposit amount because in the next step (payment form) you will got special deposit address where bitcoins need to be send WITH EXACT AMOUNT shown on payment form. Thats all! After sending bitcoins you will se information that transaction is completed and you can go back or close page.

How to get profit?

Profit payouts are automatically paid after 5 hours, you do not need to do anything. There may be some delay when profit arrives at your wallet because of network confirmations (that could take up to 20 minutes).

Why your new investment is not visible?

After making investment and payment your deposit transaction will be visible after 6 confirmations from bitcoin network. Remember that transactions sent with low provision will receive confirmations slowly, so we recommend to always give proper provision according yo your Bitcon Wallet (eg. Electrum, Armory or any ither such as online wallets, stock exchanges wallets etc.).

What means Bitcoin Doubler profit (5000% profit) in 5 hours?

It means that you will receive profit that is two times greather that your deposit. For example, when you make deposit of 0.01 BTC you will receive 0.5 BTC after 5 hours. You will also receive some more satoshi according to payment form. Other words – you will receive 50x investment in time of 5 hours.

How much can you invest?

There is limit of maximum 5 Bitcoin per transaction, minimum investment limit is 0.005. Please remember that transactions less than 0.005 BTC may not be credited . There is no transactions limits per user – you can make as many transactions as you want (every with maximum 5 BTC limit) – that gives you opportunity to invest more than 5 Bitcon in short period of time.

What is “status” shown on your investitions list?

Every user that make much transactions or use some promotions made by us can increase hes status what gives faster profit payouts, more percent profit and access to other investment options.

Account

all of your investments are stored on your browser so be sure that you have cookies enabled (cookies are required to using our website).

Investment method

We accept only Bitcoin (BTC) and pay profit in this Cryptocurrency, any other crypto or FIAT currency are not used.