Cryptocurrency
Is Crypto Trading a Legal Activity?
When it comes to making money, perhaps nothing seems more potent than crypto trading. At least that’s what many crypto traders seem to think too.
In fact, a quick Google search for “crypto trading” or “cryptocurrency trading” brings up over 1 billion results!
In other words, there are a lot of people out there who are interested in becoming crypto traders.
But is crypto trading really a viable way to make money? Or is it just gambling?
To answer this question, we first need to define what crypto trading actually is.
Crypto trading, simply put, is the buying and selling of cryptocurrencies.
When you buy a cryptocurrency, you’re essentially betting that the price of that cryptocurrency will go up.
When you sell a cryptocurrency, you’re essentially betting that the price of that cryptocurrency will go down.
Thus, crypto trading is essentially a form of gambling.
Now, is this a bad thing?
Not necessarily.
Gambling can be fun and entertaining. And, if you’re good at it, you can make some money too.
But the important thing to remember is that gambling is a risky activity. You can win or lose money depending on how well you trade.
Thus, if you’re not comfortable with taking risks, crypto trading may not be for you.
On the other hand, if you’re comfortable with taking risks and you’re good at it, crypto trading can be a great way to make money.
How to Trade Crypto Safely
If you’re interested in trading crypto, here are a few tips to help you trade safely:
Only trade with money that you can afford to lose
This is the first thing to keep in mind when trading crypto. Crypto trading is a risky activity and you can lose money if you’re not careful.
So, only trade with money that you can afford to lose.
Do your research
Before you start trading crypto, do your research and learn as much as you can about the markets. This will help you make informed decisions and improve your chances of success.
Use a reputable crypto Trading Platform
Pick a reputable trading platform like BitQT Trading to trade on. This will help you protect your money and maximize your trading potential.
Follow your plan and stick to it
You should have a trading plan before you start crypto trading. This plan should outline the strategies that you’ll use to trade. As long as you follow your plan, you shouldn’t veer off track too much and lose money.
Get a Secure Storage for Your Crypto
Finally, make sure you have secure storage for your crypto. This will help protect your money in case something happens to your trading account.
Always use a stop-loss order
This will help protect you from losing too much money if the market moves against you. Stop-loss orders are easy to set up on most trading platforms. Always use a stop-loss order when trading crypto!
Be patient
Last, but not least, be patient. Crypto markets can be volatile and it may take time to find winning trades. Don’t get discouraged if you don’t make money right away.
In the end, whether or not crypto trading is a gambling activity is up to you. If you’re comfortable with taking risks and you’re good at it, then go for it!
In conclusion, crypto trading is a type of gambling that can be fun and profitable if you’re good at it. However, it’s important to remember that it’s a risky activity and you can lose money if you’re not careful. So, only trade with money that you can afford to lose and do your research before you start trading.
Cryptocurrency
Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe
As the European crypto community prepares for the implementation of the MiCA, Kyrrex is organizing an online X panel to discuss the potential impact and future trajectory of the industry under this new regulatory framework.
The panel “Is MiCA that Bad? The Future of Crypto in Europe,” will take place on November 14, 2024, at 12:00 CET on X Spaces.
This event aims to offer an in-depth examination of the challenges and opportunities that MiCA presents, drawing on the expertise of industry leaders and stakeholders.
Key speakers for the discussion include Mike Romanenko and Kevin Plumpton from Kyrrex,
Tomer Warschauer Nuni from Kima Network, Andrea Zapparoli Manzoni from H4ckManac, Thanos Tsavlis from Cyberscope, and Anoop Nannra from Trugard Labs. Their insights will help attendees understand how MiCA may reshape the crypto landscape and what this means for different segments of the market.
“As MiCA ushers in a new regulatory era for the crypto industry, open discussions are crucial for navigating this transition effectively. By bringing together voices from various sectors, we aim to foster a deeper understanding and proactive approach to the opportunities and challenges ahead,” said Mike Romanenko, CVO & co-founder of Kyrrex. “Engaging in conversations like these helps ensure that the community is informed and prepared for the future of crypto in Europe.”
The panel will be structured to encourage interaction and participation, allowing attendees to submit questions and engage in a discussion with the panel. Topics are expected to include compliance, innovation, and strategies for navigating the evolving regulatory environment.
This event offers professionals, enthusiasts, and stakeholders an opportunity to gain a clearer perspective on what lies ahead as MiCA begins to take effect. It will also provide a space for dialogue and knowledge-sharing, fostering a greater understanding of the potential impacts on the crypto sector in Europe.
Panel “Is MiCA that Bad? The Future of Crypto in Europe” details:
- Date: November 14, 2024
- Time: 12:00 CET
- Platform: X Spaces
The post Kyrrex to host online panel discussion on MiCA and the future of crypto in Europe appeared first on European Gaming Industry News.
Cryptocurrency
SCCG Management Announces Sponsorship Partnership with Hoppa! Card
SCCG Management, a leading advisory firm in the global gaming industry, has announced a sponsorship partnership with Hoppa! Card, a pioneer in crypto payments and banking solutions. This collaboration is set to revolutionize the payment landscape for the gambling industry with a strong focus on crypto technology, leveraging SCCG’s extensive ecosystem of over 120+ client partners and its global presence across all major regions.
Through this partnership, SCCG Management will support Hoppa! Card in delivering their innovative crypto payment and banking solutions to a wider audience within the gaming industry. The synergy between SCCG’s expansive network of client partners and Hoppa! Card’s cutting-edge financial technology aims to enhance the efficiency and security of managing complex payment needs in the gambling sector.
Hoppa! Card’s flagship products, including the Exclusive Global Soft KYC High Limit Crypto Offramp VISA Card and the Unique Payment Gateway, are designed to meet the most challenging payment requirements. The VISA Card offers high limits and the highest possible privacy standards with anonymous cards, ensuring global accessibility with both virtual and physical card options. The Payment Gateway provides seamless processing for various crypto and fiat transactions, eliminating chargebacks and non-acceptance of cards, while catering to all gaming licenses and jurisdictions.
Stephen Crystal, Founder and CEO of SCCG Management, said: “Partnering with Hoppa Card allows us to provide our clients, as well as our global network of operators and platform providers, with crypto-focused payment solutions that are crucial in today’s fast-evolving gaming industry. Their innovative products align perfectly with our mission to drive strategic growth and maximize revenue for our partners.”
Igor Lavrih, CEO of Hoppa Card, said: “We are excited to kick off the partnership with SCCG, merging our payments expertise with their deep market insights to explore new opportunities and drive innovation. We look forward to the synergies our partnership with SCCG will bring forward, delivering unique payment solutions in the gaming industry to an array of growing and established businesses.”
Compliance Updates
Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety
Fintech crypto company Payhound has selected Chainalysis, the blockchain data platform, to safeguard operations from exposure to malicious activity and uphold strict compliance standards.
With a strong commitment to combating illicit activities and a regulatory obligation to safeguard its customers, Payhound has chosen Chainalysis as part of its compliance and risk management strategy. This collaboration underscores Payhound’s dedication to maintaining top-tier regulatory compliance and security standards within the industry.
Chainalysis is leading the way in establishing a safe global economy built on blockchains through its blockchain data platform, which assists businesses and governments in making informed decisions and protecting their customers. By implementing Chainalysis solutions, companies gain access to a suite of investigation, compliance and risk management tools.
Michele Santulin, Regional Director Mediterranean Area at Chainalysis, said: “In today’s crypto market, where trust is key to success, companies like Payhound need to take advantage of blockchain’s built-in transparency and use advanced blockchain analysis solutions to maintain strict adherence to regulations, protect their brands, and last but not least, offer reliable services to their customers. We are thrilled to support Payhound in that mission.”
Elton Dimech, Managing Director at Payhound, said: “Chainalysis is an invaluable resource for companies such as Payhound. Their forensic data and analytical approach, allowing for continuous crypto transaction monitoring, has proven indispensable in an effort to adhere to our own AML and Compliance obligations.”
The post Payhound Selects Chainalysis’ Crypto Compliance Solution for Regulatory and Operational Safety appeared first on European Gaming Industry News.
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