Nobody likes to think they’re wasting money.

Whether that’s a forgotten subscription, an overlooked energy bill, or a rampant gambling addiction, chances are your finances are already leaking.

If you own crypto, you’re definitely wasting money unless you’re engaging in this one, simple practice.

And you’re probably not, but we’re here to fix that.

Espresso Shots

☕️ Bitcoin vs. The Bank 🪙 🏦

Bitcoin has shot up back to the $29,000 mark as fears for an American banking crisis have been reignited.

The current harbinger of doom is the precipitous 50% drop of First Republic Bank’s share price on Wednesday morning.

The falling share prices were the result of a brutal quarterly report that ignited fears of insolvency, leading to higher-than-expected withdrawals.

Some claim this latest Bitcoin boom as further evidence to the theory that Bitcoin goes up as confidence in centralized finance goes down.

Though a spokesperson from crypto analytics firm, Jarvis Labs, felt that this rise may be preemptive. They claimed that buying Bitcoin when banks fail:

“Does not have to be a translation of liquidity actually coming into the market in this instance, but more due to the anticipation that it will.”

If only there was a way to make this kind of money off a lack of confidence in my younger brother, Mike, the student turned part-time DJ who still lives at home.

☕️ Bahamas Overhauls Crypto Laws 🇧🇸 ⚖️

In the wake of FTX’s collapse, Bahamian regulators are looking to restructure their crypto laws so as not to leave the country vulnerable.

This new bill would tighten regulations and guarantee that “operators of a digital-asset exchange must ensure the systems and controls used in its activities are adequate and appropriate for the scale and nature of its business.”

These new regulations are current and inclusive, covering areas such as stablecoins, staking, and proof-of-work.

Christina Rolle, executive director of the Securities Commission of the Bahamas feels they’re rolling out, “the most advanced pieces of digital-asset legislation in the world.”

But this may be a case of too little too late, like when my parents put a lock on the liquor cabinet after they found me passed out in a cornfield on my 16th birthday.

☕️ Apple Tax Ruled Illegal 🍎 🙅

The U.S. Court of Appeals has ruled that Apple's 30% App Store fee has violated California's Unfair Competition Law.

The ruling asserts that Apple is denying app developers access to payment options aside from those within their own app store.

This 30% fee, often coined the 'Apple Tax' requires all app's on Apple mobile devices pay 30% to the company for every transaction made over the app. 

This suit first arose via Epic Games of Fortnite fame suing Apple for its monopoly in the mobile games market.

This transaction fee has also made it near-impossible for Web3 platforms to break into the mainstream app space as they've been subject to the fee as well. 

With possible restructuring on the horizon, the landscape could look radically different as Web3-driven projects might now be able to afford to work within Apple’s parameters.

“Finally, justice at last!” cheered child laborers building iPhones in India, China, and Vietnam.

Spilling the Beans

🔥 💸 Do This or You're Wasting Money 💸 🔥

The richest people in the world earn money while they sleep.

That well-known secret is passive income. You need to make smart investments and make your money work for you.

Stocks, long term investments, retirement savings, they all generate passive income.

And you may be thinking, “I’m already holding crypto, isn’t that already a pretty forward-thinking investment?”

Yes and no.

You wouldn’t buy a Ferrari only to drive it around your residential neighborhood, would you? No, you’d take that bad boy on the highway and get that pedal to the floor.

So yes, buying crypto is an investment. But although it may increase in value over time, how can you extract value from it while you wait?

What we’re trying to say is that your crypto investment may have untapped potential.

Allow us to introduce you to a commonly overlooked crypto practice called “staking.”

Staking involves crypto  holders temporarily locking up a portion of their assets to lend additional credibility & influence to a "node" that validates transactions, typically within a Proof-of-Stake network.

By staking that crypto, you're helping to secure the underlying network of that cryptocurrency. For your contribution, you’ll typically receive rewards in the form of more of that crypto.

But once you set yourself up to accrue interest. You might wonder, “What’s the risk? There’s no way to make more money without taking on additional risk.”

The first risk is liquidity. If that crypto goes under, so too does your stake. But that was a risk that you ran by buying that crypto in the first place.

The larger problem is where you’re staking that crypto.

You need to consider the reputation of the "node" or "validator" you have staked your tokens to, or the exchange that is handling the staking process for you.

For instance, if you stake your crypto with an exchange that goes bankrupt, you may have a tough (impossible) time getting your crypto back.

The main reason that crypto-owners aren’t staking their crypto is that they either weren’t aware of it, or simply don’t know how.

Also, you can’t stake every kind of crypto. Typically, only Proof-of-Stake networks are eligible such as Ethereum, Solana, or Cardano.

Also, many amateur crypto investors are dissuaded by the point of entry. Ethereum requires a minimum of 32 ETH to stake, currently worth about $59,000.

But there are ways to stake much smaller amounts of crypto.

And if making your crypto do more for you sounds pretty good, then we’ve got you covered.

We created this newsletter to keep you informed, keep you up to date, and make you laugh.

Coffee & Crypto is here to teach you about crypto, but we’ve launched another program to teach you how to use it.

www.1800bitcoin.com

Through our educational services, you’ll find educational modules on the ins-and-outs of crypto staking as well as other tools and tricks to improve your crypto fluency, and show you how to make a lot more money.

It may not have the irreverence of Coffee & Crypto, but if you’re serious about furthering your crypto education, we highly recommend you at least check it out.

It's time to embrace the brave new world of passive income in crypto. 

Learn more at 1800Bitcoin. We'll see you there.

Meme of the Day

Ahh the ol' lumpy money mattress. 

Crypto 101

Staking: We already touched on this in the deep dive, but just for further clarification.

Staking is putting up a certain amount of crypto to help validate transactions on that crypto’s respective blockchain.

There are no humans doing the validating, but rather computers running the numbers on ledgers to ensure that transactions are valid.

Staked crypto is entitled to rewards of additional crypto for the user’s participation in securing the network.

Staking is also an effective means of dispatching vampires.

The Last Sip

A quick round up of the best chain restaurants for staking:

• Ruth Chris Stakes

• Outback Stake House

• Stake Shack

Stay Caffeinated,

Coffee & Crypto Team

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.