Tag: crypto currency

Paradise Found? Puerto Rico’s Crypto Gamble

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crypto economy

Sun-drenched beaches, vibrant culture, and…cryptocurrency? Puerto Rico is making a bold bet on becoming a hub for the digital asset revolution. Lured by tax breaks and a tropical paradise, crypto entrepreneurs and investors are flocking to the island. But can this gamble pay off, or will it leave the local economy in the red? Tax Oasis for Crypto Whales Puerto Rico’s trump card is Act 60, a tax incentive program offering a 0% capital gains tax on crypto held for over a year. This, combined with U.S. citizenship benefits for…

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What is Crypto Futures?

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Crypto Futures

Futures is a financial instrument that has been used for around 100 years now. It works with valuable commodities, precious metals, gas, oil, etc. The essence of futures trading is predicting the future commodity’s price and betting on it. That is a highly risky instrument advanced traders use. In the cryptocurrency market, futures trading is also possible. Thorough research and in-depth knowledge of the crypto market are needed for efficient and successful futures trading. Let’s see how it works. Futures Contracts in Crypto What are futures in crypto? This financial…

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Is Bitcoin the best cryptocurrency to use in casinos?

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Ever since cryptocurrencies came out and the entire blockchain technology, the world will never be the same. This is a decade-old technology that set up the benchmark for future finances and quickly spreads across many industries including online casinos. In the beginning, not many people knew much about Bitcoin and the technology behind cryptocurrencies, but as they become more mainstream, we can now see their usefulness and benefits over the traditional fiat currencies. In the past couple of years, the world of online casinos has been dominated by cryptocurrencies and…

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Four Hedging Strategies for Cryptocurrency Risks

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cryptocurrency risks

Avoid betting all your chips on a single thing. This is the most basic rule of investment and almost everyone has learned it. In a market as volatile as the cryptocurrency market, it is important to protect your interests. The right hedging strategies can help you cover crypto risks. Hedging has been used in the financial market for a long. You can also use it to manage risk when trading in crypto. It helps you maintain a stable value for investments in unpredictable market conditions. What is Hedging? Hedging is…

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What is an Initial Coin Offering (ICO)?

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initial coin offering

Initial Coin Offerings (ICOs) are popular fundraising methods being used by startups seeking to offer products and services. Also referred to as Initial Currency Offer, these are financing systems more commonly used by cryptocurrency projects. The products and services on offer are mostly related to blockchain ecommerce technology or cryptocurrency. You can participate in ICOs by purchasing digital currency. What are ICOs and what are their advantages and disadvantages? Find out in this guide. What is an ICO? Initial Coin Offering refers to the process of raising funds for a…

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