CryptoSensei

CryptoSensei

chronicles of an English teacher


How to convert tokens on Optimism to sweet, sweet Ethereum?

21 Aug 2023 1 minute read 7 comments cryotosensei

The news that everyone had been waiting for! Publish0x will stop paying out in AMPL and SPOT in the near future. Congratulations if you have been HODLing your SPOT all this while. Finally, you can access a coin that’s more user-friendly. I’m particul...

How many hot and cold wallets do you have?

18 Aug 2023 1 minute read 0 comments cryotosensei

How many hot and cold wallets do you have? Even though both hot and cold wallets provide private keys for you to keep your assets, there is a distinction in the way many people use them. Since hot wallets are connected to the Internet, they are more...

Crypto Country Spotlight: Spain 🇪🇸

18 Aug 2023 1 minute read 2 comments cryotosensei

Crypto Country Spotlight: Spain 🇪🇸 CDC registered as a virtual asset service provider (VASP) with the central bank of Spain and allowed to operate in Spain since June 2023. Overtook El Salvador to be the country which has the 3rd-highest number of c...

What are your thoughts on BTC ATMs?

17 Aug 2023 1 minute read 3 comments cryotosensei

I know that BTC ATMs are criminal. They sell Bitcoin at $50k, have ridiculous spreads and charge at least 10% fees. Plus, it’s not true that you don’t need KYC in order to buy BTC from them. While you can indeed buy it without KYC in countries like S...

Crypto Country Spotlight: Switzerland 🇨🇭

15 Aug 2023 1 minute read 1 comment cryotosensei

Crypto Country Spotlight: Switzerland 🇨🇭 1. No need to pay any taxes as long as you own the crypto assets for 6 months or longer and the crypto profits do not exceed 50% of your net income. 2. Residents in Lugano can use the Lugano app to pay for goo...

Four differing opinions about Bitcoin

14 Aug 2023 2 minute read 1 comment cryotosensei

Need to teach my students how to differentiate fact from opinion. Since they are interested to learn about Bitcoin, I used my experience to write four opinion pieces for them. Opinion 1: I was skeptical about Bitcoin at first because I read that it w...

Country Spotlight: Italy 🇮🇹

13 Aug 2023 1 minute read 2 comments cryotosensei

Country Spotlight: Italy 🇮🇹 The Bank of Italy intends to collaborate with Polygon (cheap & fast transactions) and Fireblocks (enterprise-grade security & custody solutions) to launch a pilot program for institutional DeFi. Bank of Italy also chose A...

Crypto Country Spotlight: Portugal

10 Aug 2023 1 minute read 1 comment cryotosensei

Country Spotlight: Portugal 🇵🇹 1. ⁠28% capital gains tax in Portugal on all crypto, unless you hold for more than a year. If you hold for more than a year, it will be zero. (Thanks to Patch for the knowledge drop!) 2. ⁠Portuguese are allowed to write...

Why Reddit changed its mind

9 Aug 2023 1 minute read 0 comments cryotosensei

So Reddit changed its Terms of Service recently. In the past, Community Points - including our beloved moons - were not acknowledged to have monetary value. This meant that prominent crypto exchanges would not be inclined to list moons. This defensiv...

This is my first BTC Halving. Any tips?

8 Aug 2023 1 minute read 0 comments cryotosensei

This is my first BTC Halving. Any tips? LTC halving is tomorrow. While I won’t say that there is a flurry of posts about it, I think some Redditors are excited about the anticipated pump prior to the halving. Which got me thinking about BTC halving t...