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Canada’s Blockchain Advantage: Small Enough to Move Fast, Big Enough to Matter

Published

4 недели ago

23 апреля, 2025

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Over the past several years, global discourse around blockchain has been dominated by the United States — its legislative gridlock, inter-agency turf wars, and intermittent moments of regulatory clarity. As the U.S. continued to grapple with its internal contradictions, other jurisdictions have sought to fill the void. Switzerland, Singapore, Hong Kong, Dubai, and Gibraltar positioned themselves as crypto hubs. Yet, each of them faced a critical limitation: none were natural centers of technological innovation at global scale.

Canada, by contrast, holds an often-overlooked but exceptionally strategic position. Not only is it geographically and culturally aligned with the United States, but it also shares a kindred entrepreneurial ethos. More importantly, Canada has deep, organic roots in blockchain innovation. Ethereum — arguably the most important programmable blockchain platform, second only to Bitcoin by market capitalization — was conceived in Toronto.

William Mougayar is the Toronto-based author of the best-selling book, The Business Blockchain. Consensus 2025 takes place in Toronto May 14-16.

Blockstream, the core Bitcoin infrastructure company, is based in Montreal. It is commonplace to find Canadian engineers, developers, and executives playing pivotal roles in leading U.S. blockchain firms. Thousands more contribute independently as blockchain technologists and software developers.

Beyond this historical significance and talent base, Canada has a critical structural advantage: agility. Where the United States is weighed down by institutional complexity, Canada can be nimble.

In the U.S., the path to coherent crypto regulation remains tangled in bureaucratic inertia. Legislation shuttles between the House and Senate, often stalling or contradicting itself. Agencies such as the SEC and CFTC continue to compete for jurisdiction. Even with the appointment of a White House crypto czar and an executive director, implementation continues to lag. For all its ambition, the U.S. regulatory machine moves like a supertanker — slow to pivot and burdened by procedural friction.

Canada, in contrast, benefits from fewer layers of government, closer coordination between agencies, and a regulatory culture that — when sufficiently motivated — can respond with speed and clarity. This structural simplicity presents a rare opportunity: Canada can leapfrog the U.S. by becoming the first G7 nation to adopt a coherent, innovation-friendly blockchain strategy.

Here’s what that plan could look like:

Welcome global blockchain companies. Attract top-tier talent and startups with streamlined immigration pathways, R&D credits, targeted tax incentives, and bold partnerships.
Establish a crypto-friendly tax regime. Modernize tax policy to support — not penalize — the use and holding of digital assets. Capital gains treatment, staking income, and token issuance rules must be clarified and calibrated to encourage innovation.
Clarify and streamline regulation. Strong consumer protection and financial integrity remain essential, but ambiguity and overreach risk undermining innovation. Canada can offer clear, proportionate, and globally respected rules of engagement.
Mandate crypto access within Canadian banks. Facilitate institutional adoption by encouraging banks to integrate blockchain systems and enable seamless, secure access to regulated crypto platforms, including holding stablecoins.
Integrate blockchain into capital markets. Empower TMX and provincial exchanges to list approved digital assets and stablecoins. Allow registered dealer-brokers to offer decentralized finance (DeFi) products to retail and institutional clients.
Promote blockchain use within the government. Encourage public agencies to pilot blockchain applications, sharing results and best practices to accelerate adoption across departments and services.
Establish a national cryptocurrency reserve. In coordination with the Bank of Canada, explore holding select digital assets on the national balance sheet — an idea whose time has come.

All of these steps are part of a larger imperative: future-proofing Canada’s economy. Blockchain is no longer an emerging technology — it is actively reshaping sectors such as finance, digital identity, supply chains, and gaming. Countries that lead in its adoption will reap the economic dividends and shape the architecture of the digital age.

The United States may have scale, momentum, and an aggressive mindset, but it is also paralyzed by internal conflict and structural inefficiencies. Canada, by contrast, is small enough to be agile, yet large enough to make an impact.

Canada must act. The opportunity to lead in blockchain innovation is still wide open. Canada is uniquely positioned to seize it. No matter the outcome of the election on April 28, any serious national agenda must include a bold and forward-thinking blockchain policy.

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XRP Price Surges After V-Shaped Recovery, Targets $3.40

Published

2 часа ago

18 мая, 2025

admin

Global economic tensions and regulatory developments continue to influence XRP’s price action, with the digital asset showing remarkable resilience despite recent volatility.

After experiencing a significant dip to $2.307 on high volume, XRP has established an upward trajectory with a series of higher lows, suggesting continued momentum as it approaches resistance levels.

Technical indicators point to a potential bullish breakout, with multiple analysts highlighting critical support at $2.35-$2.40 that must hold for upward continuation.

Technical Analysis Highlights

Price experienced a 3.76% range ($2.307-$2.396) over 24 hours with a sharp sell-off at 16:00 dropping to $2.307 on high volume (77.9M).
Strong support emerged at $2.32 level with buyers stepping in during high-volume periods, particularly during the 13:00-14:00 recovery.
Asset established upward trajectory, forming higher lows from the bottom, with resistance around $2.39 tested during 07:00 session.
In the last hour, XRP climbed from $2.358 to $2.368, representing a 0.42% gain with notable volume spikes at 01:52 and 01:55.
Price surged past resistance at $2.36 to reach $2.366, later establishing new local highs at $2.369 during 02:03 session on substantial volume (539,987).
Currently maintaining strength above $2.368 support level with decreasing volatility suggesting potential continuation of upward trajectory.

Disclaimer: This article was generated with AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy. This article may include information from external sources, which are listed below when applicable.

External References

«XRP price path to $3.40 remains intact — Here is why«, Cointelegraph, published May 16, 2025.
«XRP Price Watch: Bulls Eye $2.60 as Long-Term Trend Holds«, Bitcoin.com News, published May 17, 2025.
«XRP Price Explosion To $5.9: Current Consolidation Won’t Stop XRP From Growing«, NewsBTC, published May 17, 2025.

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SUI Surges After Finding Strong Support at $3.75 Level

Published

3 часа ago

18 мая, 2025

admin

Global economic tensions and shifting trade policies continue to influence cryptocurrency markets, with SUI showing particular resilience.

The asset established a trading range of 4.46% between $3.70 and $3.86, finding strong volume support at the $3.755 level.

A notable bullish momentum emerged with price surging 1.9% on above-average volume, establishing resistance at $3.850.

The formation of higher lows throughout the latter part of the day suggests consolidation above the $3.775 support level.

Technical Analysis Highlights

SUI established a 24-hour trading range of 0.165 (4.46%) between the low of 3.700 and high of 3.862.
Strong volume support emerged at the 3.755 level during hours 17-18, with accumulation exceeding the 24-hour volume average by 45%.
Notable bullish momentum occurred in the 20:00 hour with price surging 7.2 cents (1.9%) on above-average volume.
Resistance established at 3.850 with higher lows forming throughout the latter part of the day.
Decreasing volatility in the final hours suggests consolidation above the 3.775 support level.
Significant buyer interest appeared between 01:27-01:30, forming a strong support zone at 3.756-3.760 with exceptionally high volume (over 300,000 units per minute).
Decisive bullish reversal began at 01:42, establishing a series of higher lows and higher highs.
Breakout above 3.780 occurred at 01:55, followed by consolidation near 3.785 with decreasing volume.

External References

«Sui price up 5.16% intra-day: bullish structure remains strong«, crypto.news, published May 16, 2205.
«SUI Set to Explode, But Don’t Sleep on XRP and Other Altcoins«, CoinPedia, May 16, 2025.

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Dogecoin (DOGE) Whales Accumulate 1 Billion DOGE Amid Critical Support Formation

Published

3 часа ago

18 мая, 2025

admin

Geopolitical tensions and evolving trade policies continue to influence cryptocurrency markets, with Dogecoin showing resilience amid broader economic uncertainty.

Despite macroeconomic headwinds, DOGE has maintained support above key moving averages while forming a potential bull flag pattern that could target $0.35 if validated by continued buying pressure.

Technical Analysis Highlights

DOGE experienced significant volatility with a 4.3% range (0.211-0.220) over the past 24 hours, forming a key support zone around 0.212 validated by high volume rebounds at 13:00 and 22:00.
The price action reveals a bullish recovery pattern from the 16:00 low, with resistance emerging at 0.217-0.220.
The 20:00 candle’s strong volume surge above the 24-hour average confirms renewed buying interest, suggesting potential upward momentum if DOGE can maintain its position above the established support level.
In the past hour, DOGE has demonstrated significant bullish momentum, climbing from 0.215 to 0.216 with notable volume spikes at 01:17, 01:21, and 01:54-01:55.
The price established a strong support zone around 0.215 during the early minutes, followed by a decisive breakout at 01:16-01:17 where volume surged over 8 million.
The uptrend continued with higher lows forming a clear ascending pattern, culminating in a new resistance test at 0.216-0.217 range.
The final minutes saw particularly heavy trading activity with volumes exceeding 7 million at 02:01-02:02, confirming strong buyer interest and suggesting potential for further upside movement.

External References