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Cryptocurrency

Is Crypto Trading a Legal Activity?

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Is Crypto Trading a Legal Activity?
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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

Payhound empowers LSports with a seamless solution to receive payments

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Payhound empowers LSports with a seamless solution to receive payments
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Fintech crypto company Payhound has been facilitating leading data provider LSports to accept payments from its clients.

As the premier data provider, LSports offers real-time sports data, providing operators with a competitive edge in the sports betting saturated market. By using Payhound’s solution, LSports can conveniently receive payments from its clients, significantly enhancing operational efficiency.

Established in 2018, Payhound’s mission is to enable businesses to handle cryptocurrencies with the same ease, security, and transparency as dealing with fiat currency. Through crypto, Payhound offers fast and efficient international payments, with security being a fundamental principle in all its operations.

Commenting on the partnership, a spokesperson for LSports stated: “Partnering with Payhound to optimize our payment solutions signifies a significant advancement in our global business strategy. This collaboration enables us to conduct transactions swiftly and securely, further bolstering our position as a premier data provider in the industry.”

Elton Dimech, Managing Director at Payhound, added: “We are delighted to service LSports.Through our platform, clients like LSports can easily receive payments, have such funds instantly converted into fiat, and as a result, greatly improve their operations and availability of funds. We look forward to continuing to be their reliable crypto partner in the future.”

Payhound is licensed by the Malta Financial Services Authority (MFSA) and is a holder of a Class 3 VFA License under the Virtual Financial Assets Act of 2018. The company has recently revealed its achievement of ISO 27001 certification for the second consecutive year.

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Cryptocurrency

SOFTSWISS Named Crypto Company 2024

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SOFTSWISS Named Crypto Company 2024
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Crypto Company of the Year was announced at the International Gaming Awards in London. SOFTSWISS, a leading technology company with 15+ years of experience in the industry, gets this title for the second year in a row.

Marking the beginning of ICE London, the awards ceremony has brought together top names in the iGaming industry to honour their achievements. The International Gaming Awards not only unites experts and gaming enthusiasts worldwide but also serves as the pinnacle charity event of the year. 

The Crypto Company of the Year category recognises companies that create innovative experiences for clients in the gambling sector with a focus on crypto. The winner is determined by evidence showcasing the company’s standout performance in the crypto space compared to competitors. Reconfirming the previous year’s success, SOFTSWISS emerged as the Crypto Company of the Year for the second time in a row.

Securing the title of Crypto Company of the Year comes naturally to SOFTSWISS, the trailblazer in introducing crypto-friendly solutions for online gaming. Beginning with Bitcoin, SOFTSWISS has expanded its cryptocurrency offering to nearly 20 digital coins since 2013. 

In its dedication to improving player experience, SOFTSWISS introduced the In-Game Currency Conversion feature. The innovation allowed players with crypto holdings to engage seamlessly in games originally tailored for fiat only. One year post-launch, 85% of all bets in crypto casinos powered by the SOFTSWISS Casino Platform were made via the feature. 

As an expert in crypto-friendly solutions, the company shares its expertise through the quarterly State of Crypto reports and topical podcasts. This helps raise awareness among all stakeholders, offering essential insights for strategic decision-making.

Andrey Starovoitov, Co-CEO at SOFTSWISS, shares: “We are delighted to receive this award, and it signifies more than just recognition for our recent achievements. The title of Crypto Company of the Year holds deep meaning for those who led the way in integrating digital currencies into iGaming, actively advocate for crypto solutions, and generously share expertise in this field.”

 

About SOFTSWISS 

SOFTSWISS is an international tech company supplying software solutions for managing iGaming projects. The expert team, which counts over 2,000 employees, is based in Malta, Poland, and Georgia. SOFTSWISS holds a number of gaming licences and provides one-stop-shop iGaming software solutions. The company has a vast product portfolio, including the Online Casino Platform, the Game Aggregator with thousands of casino games, the Affilka affiliate platform, the Sportsbook Platform and the Jackpot Aggregator. In 2013, SOFTSWISS was the first in the world to introduce a Bitcoin-optimised online casino solution.

 

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Cryptocurrency

Casino Market Industry Forecast Reveals Surge to $165.72 Billion by 2028 with Digital Transformation and Cryptocurrency Integration

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The “Casino Global Market Report 2024” report has been added to ResearchAndMarkets .com’s offering.

The latest report on the global casino market highlights significant growth, with expectations for the industry to swell from $131.42 billion in 2023 to an impressive $165.72 billion by 2028, at a compound annual growth rate (CAGR) of 4.6%. The report offers a comprehensive analysis of current market dynamics, future trends, and potential opportunities, positioning it as an essential resource for stakeholders in the casino sector.

The casino industry, experiencing a renaissance through digitization and a shift towards online gambling, is witnessing the rising popularity of cryptocurrency casinos. Innovations, alongside a deepened focus on responsible gambling, are propelling market growth, drawing attention from both established players and new entrants.

Key Market Dynamics Influencing Growth

  • Online Gambling Expansion
  • Smartphone Proliferation
  • Innovative Casino Products
  • Strategic Industry Partnerships

The report underscores the growing dominance of the Asia-Pacific region in the global casino market, bolstered by evolving consumer behaviors and burgeoning tourism sectors. The detailed geographic assessment provides strategic insights into the vitality of various regions within the industry.
Gambling machines, gaming tables, and novel casino experiences are discussed in the report. The document leverages industry-specific metrics to provide a nuanced understanding of segment performance, addressing both offline and online modalities.

 

Industry Leaders Making Strategic Moves

With major corporations like 888 Holdings PLC and Caesars Entertainment Corporation, the casino market is rife with tactical mergers, acquisitions, and partnerships aiming to solidify market positioning and leverage collective strengths.

The global casino market research report presents in-depth market analysis, reflecting cutting-edge industry trends such as the integration of advanced gaming technologies. It also spotlights operational strategies and expansion plans of front-runners in the gambling domain.

This comprehensive research report is poised to be an indispensable tool for industry investors, strategists, and stakeholders planning to navigate the complex terrain of the casino industry with data-driven confidence.

The casino market research report is devised to serve a diversity of informational needs, offering a meticulous examination of the interplay between market forces, technological advancements, and consumer preferences shaping the future of gambling worldwide.

Please note, the market value detailed in the report represents the actualized revenues recognized by entities within the industry over the specified period and geography.

 

A selection of companies mentioned in this report includes

  • 888 Holdings plc
  • Boyd Gaming Corporation
  • Caesars Entertainment Corporation
  • Melco Resorts and Entertainment Limited
  • Delaware Park Casino & Racing
  • Eldorado Reno Resort Casino
  • Foxwoods Resort Casino
  • Galaxy Entertainment Group Ltd.
  • Golden Nugget Atlantic City Hotel Casino & Marina
  • Harrington Raceway & Casino
  • LC International Limited
  • MGM Resorts International
  • Palms Casino Resort
  • Penn Entertainment Inc.
  • Bally’s Corporation
  • Churchill Downs Incorporated
  • Genting Group
  • Golden Entertainment Inc.
  • Hard Rock International Inc.
  • SJM Holdings Limited
  • Station Casinos LLC
  • Star Entertainment Group Limited
  • Tropicana Entertainment Inc.
  • Wynn Resorts Limited
  • Las Vegas Sands Corp.
  • Red Rock Resorts Inc.
  • Eldorado Resorts Inc.
  • Monarch Casino & Resort Inc.
  • Pinnacle Entertainment Inc.
  • Isle of Capri Casinos Inc.
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