More Than Finances

All about cryptocurrency, all the time.

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Why Is Paying Interest Considered Haram?

Islam has its own peculiar economic system in which some elements of many economic systems are not allowed. Islam prohibits interest (riba) wealth preservation, public asset privatisation, and all methods of property ownership and disposal except those permitted. Read More

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US States With the Most Cryptocurrency Friendly Tax Laws

As more US states create cryptocurrency regulations, cryptocurrency holders feel the heat of the taxation that is to come. While some states are taking a hard stance with respect to the taxation of cryptocurrencies, others are taking a different approach, opting for tax laws that attract cryptocurrency businesses and owners. Read More

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Top Crypto Wallets Review

Cryptocurrency wallet is software that helps to store private and public keys. Millions of people use cryptocurrency wallets but few people understand how they work. Wallets can be placed in three categories: software, hardware, and paper. Read More

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Cryptocurrency Taxation: What You Should Know

Cryptocurrency Taxation

Cryptocurrency Taxation

The increased use of cryptocurrencies has caught the eyes of the IRS who, understandably want to find new ways of increasing tax revenues with cryptocurrencies. In some ways, cryptocurrencies make it easier for the IRS to track assets. However, there are several nuances in the cryptocurrency sphere which make it difficult to tax cryptocurrencies while the sector is still in its infancy. Read More

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Diversifying Your Cryptocurrency Portfolio

Diversification is considered to be a very important aspect of Modern Portfolio Theory, which was developed in 1952 by Harry Markowitz who believed that returns from a portfolio may be maximized by diversifying the assets. In the context of cryptocurrencies, uncorrelated coins may exhibit lower risks. Coins which exhibit correlation are likely to increase in value by similar measures. Read More