The Crypto Latte

The Crypto Latte Crypto News and Education

02/10/2022

Stablecoins are cryptocurrencies minted on a blockchain that users can buy, sell and trade on an exchange just like any other crypto coin, they were designed to counter crypto’s hallmark volatility and provide a convenient way for crypto traders to preserve their fiat value without having to cash out of the market and to allow users to pay for everyday goods and services in crypto without all the budgeting drama.

There are four different types of , each with its own way of fixing the value of the tokens to a stable figure.

Fiat-backed.
Cryptocurrency-backed.
Commodity-backed.
Algorithmic.

Why use stablecoins?

Stablecoin users don’t need multiple international bank accounts to send crypto to their friends in other countries; they just need one crypto wallet.

Stablecoins make true peer-to-peer digital transfers possible without the need for third-party intermediaries to facilitate transactions.

In theory, stablecoins cut down on the fees, transfer time and potential privacy infringement we’ve grown accustomed to under the paradigm of central banking.

Fiat-backed stablecoins, for instance, are popular because they are as stable as the U.S. dollar (USD) or other widely accepted currencies. However, linking to a federal currency makes fiat-backed cryptos a target for governmental regulation and overall, more centralized.




Wrapped tokens allow unsupported assets like bitcoin and ether to be traded, lent and borrowed on   platforms. Put simpl...
02/10/2022

Wrapped tokens allow unsupported assets like bitcoin and ether to be traded, lent and borrowed on platforms.

Put simply, a wrapped token is a token that represents a cryptocurrency from another or standard and is worth the same as the original cryptocurrency. Unlike the original , the wrapped token can be used on certain non-native and later redeemed for the original cryptocurrency.

One of the biggest benefits of wrapped tokens is they create greater interoperability between non-compatible cryptocurrencies and blockchains, opening the door for things like bitcoin lending or borrowing ether on DeFi platforms. This provides greater liquidity to decentralized services and boosts the utility of assets.

The most popular wrapped tokens are wrapped (wBTC) an ERC-20 version of bitcoin followed by wrapped (wETH,) launched by 0x labs in 2017.




A   is a transfer of free   from a crypto project into users’ wallets.The crypto investor receives some amount of coins ...
02/03/2022

A is a transfer of free from a crypto project into users’ wallets.

The crypto investor receives some amount of coins or cryptocurrency tokens, often for holding a token or for executing a simple task.

Crypto airdrops might be a reward for signing up for a newsletter, following the project’s social media pages, or another way to bring attention to the brand and attract more people to the platform.

Some ways to track down crypto airdrops are:

- Performing regular searches online for crypto airdrop opportunities.
- Following airdrop aggregators and signing up for their exclusive airdrops.
- Signing up for new platforms to take advantage of any standard airdrops they offer.
- Monitoring up-and-coming projects to prepare for bounty airdrops.

Remember, never give out your private key or connect your wallet to an untrusted party to avoid scammers.




The Hong Kong-based firm announced via Twitter early on Monday that it would be pausing withdrawals shortly while it inv...
01/17/2022

The Hong Kong-based firm announced via Twitter early on Monday that it would be pausing withdrawals shortly while it investigated reports of suspicious activity on users' accounts. All funds were safe, it said.

Users are required to sign back into their accounts and reset their two-factor authentication.

exchanges have been known to suspend withdrawals and other services during spikes in demand at periods of high volatility. One of the most recent such occasions was in November, when disabled all crypto withdrawals due to a large backlog.




According to Robinhood chief operating officer Christine Brown, The   phase will start in mid-January & enable a larger ...
01/14/2022

According to Robinhood chief operating officer Christine Brown, The phase will start in mid-January & enable a larger group of users from the waitlist to gain access.

While Alpha focused on a small batch of customers and 1:1 engagement, Beta will roll out to tens of thousands of customers.

The forthcoming crypto wallet will allow users to deposit and withdraw Bitcoin, Ether, Dogecoin and other tokens, the company said.




The number of billionaires who have invested in crypto increased last year, and that trend could continue into 2022 as f...
01/14/2022

The number of billionaires who have invested in crypto increased last year, and that trend could continue into 2022 as fears over fiat intensify.

In the United States, inflation is at a four-decade high of 6.8%. This has resulted in a surge in the Consumer Price Index as the costs of daily goods continue to increase.

Billionaire hedge fund manager Paul Tudor Jones bought Bitcoin last year, labeling the move as a hedge against inflation.

Bridgewater Associates founder Ray Dalio is another renowned billionaire who revealed his portfolio contained some and last year.

Another example is Hungarian-born billionaire Thomas Peterffy, who in a Bloomberg report said that it would be prudent to have 2%–3% of one’s portfolio in crypto assets just in case fiat “goes to hell.” He is reportedly worth $25 billion.

Here are the leading investors in Bitcoin, compiled from financial reports and media outlets.

Barry Silbert
Michael Saylor
Tyler and Cameron Winklevoss
Elon Musk
Michael Novogratz.




Are we entering a bearish market?  prices fell to $39,677.65 (  data) today, trading at their lowest in more than three ...
01/14/2022

Are we entering a bearish market?

prices fell to $39,677.65 ( data) today, trading at their lowest in more than three months.

The digital currency only traded at this level for a brief time, quickly bouncing back and surpassing $42,000 later today.

tested $2,920 and rallied above the $3,075 level again.

Meanwhile, on Wednesday, US inflation data will be released. The market expects the consumer price index (CPI) to rise 7.1% for the year through December and 0.4% over the month. If the figure released is larger than expected we can expect further sell pressure for bitcoin, as the markets are forward-looking and high inflation leads to more action from the Federal Reserve to control it. According to Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock.




“Be prepared to pay some tax”.Since cryptocurrency is considered property, it may be subject to capital gains when excha...
01/14/2022

“Be prepared to pay some tax”.

Since cryptocurrency is considered property, it may be subject to capital gains when exchanged or sold at a profit.

The IRS issued the tax consequences for virtual currency, stating that the sale or other exchange of virtual currencies, or the use of virtual currencies to pay for goods or services, or holding virtual currencies as an investment, generally has tax consequences that could result in tax liability.

Calculating your balance can be tricky, particularly if it was a year of heavy trading. The gain or loss is the difference between your purchase price, known as the basis, and value upon sale or exchange, and tax rates depend on how long you have owned the coin.

While the deadline for Form 1099-B, which brokers use to report an investor’s profits and losses, is Jan. 31, it’s unclear which exchanges, if any, will send these forms for 2021.




GamesPad is a gaming, metaverse, and NFT ecosystem. It is the first-of-its-kind holistic     platform that guides game s...
12/22/2021

GamesPad is a gaming, metaverse, and NFT ecosystem. It is the first-of-its-kind holistic platform that guides game startups from a concept to ex*****on and public launch. also provides the opportunity for retail buyers to invest in the future built by the most powerful crypto gaming projects.

Backed up by BullPerks with an initial sale price of $0.055 and supported by the (binance smart chain), $GMPD had a successful launch yesterday 12/21/21 on and , reaching an all time high of $8.59 according to . The actual price is about $1 per token.

Note: This is not financial advise.




According to the company CEO Adam Mosseri.“Nothing to announce yet but we are definitely actively exploring   and how we...
12/21/2021

According to the company CEO Adam Mosseri.

“Nothing to announce yet but we are definitely actively exploring and how we can make them more accessible to a broader audience.”

Mosseri also mentioned a few new features, such as profile embeds which extend the ability to embed photos and videos into user profiles. This could also tie in with “Collectibles” if users want to show their as their profile picture, as many already do on Twitter.

Other features include allowing users to make bids for NFTs directly on Instagram. The photo and video-sharing app is also likely to support and crypto wallets, as well as Facebook's Novi wallet.

"I think it's an interesting place where we can play, and also a way to hopefully help creators," he added.




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