The San Francisco-based exchange enables investors to buy, sell, and store over 200 cryptocurrencies while charging low fees on its professional-grade trading platform, Kraken Pro. The naïve, as with the analog economy, can become easy prey to cyber extortion, market manipulation, fraud and other investor risks. The U.S. Securities and Exchange Commission, SEC, has gone as far as creating a fake initial coin offering (ICO) website as a way of alerting would-be crypto investors to “shinny object” threats.
Cryptocurrency fueled Hamas’ war machine for its Israel attack – Quartz
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• When you earn income from cryptocurrency activities, this is taxed as ordinary income. Bitcoin purchases through an exchange are typically held by the exchange. However, there is a need to ensure that your money is safe on the exchange. Aside from trading, you can also access crypto-backed loans and the Crypto.com Visa card to earn rewards on your purchases made with it.
Investors can earn interest on their holdings of digital currencies — often a lot more than they could on cash deposits in a bank — or borrow with … Read More
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