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The crypto market has entered a phase that veterans often call the "boring zone." It's a time when:

• Bitcoin's price seems stuck, fluctuating between $50,000 and $70,000 for months.
• Altcoins are in an even deeper slumber, with many down 50-80% from their peaks.
• Trading volumes on major exchanges have plummeted, dropping 30% from the last bull market's heights.

Sound familiar? It should. This lull is a recurring theme in the crypto market cycle, and historically, it's often the calm before the storm. It’s also a common attribute after a recent Bitcoin halving. 

Let's look at what happened after previous Bitcoin halvings:

• 2012 Halving: 92 days until new all-time high
• 2016 Halving: 291 days until new all-time high
• 2020 Halving: 216 days until new all-time high

For perspective, 28 July 2024 marks 100 days from the most recent halving, with 25 February 2025 marking the 300-day mark. 

The power of patient investing

Investing in cryptocurrencies over longer time horizons can be likened to early-stage venture investing, where patience could potentially lead to significant returns. While past performance doesn't guarantee future results, historical examples like Ethereum and Solana demonstrate this potential. 

Ethereum, launching at less than $1 in 2014, and Solana, starting below $1 in 2020, have since seen their values grow to over $3,000 and $140 respectively as of early 2024.

In the crypto space, what’s known as the HODL approach, emphasises the power of time and compound growth, similar to that of traditional asset classes. The idea is straightforward: if you've taken a position in a project you believe has strong fundamentals, maintaining that position through periods of high volatility could potentially lead to significant gains.

To illustrate this point further, in 2010, Bitcoin was worth less than $0.01. By April 2024, it had reached around $70,000. An investor who bought $100 worth of Bitcoin in 2010 and held it until 2024 would have seen their investment grow to millions of dollars.

Strategies for surviving (and thriving) in the "boring zone"

During quiet periods in crypto dive deeper into blockchain fundamentals, research promising projects, instead of anxiously checking prices or reacting to every piece of news, use this time productively.

Alternatively, for those with capital to invest, dollar-cost averaging (DCA) could be something to consider. A Vanguard study found that DCA outperformed lump-sum investing in 68% of cases during market downturns, highlighting its potential effectiveness in notoriously volatile markets.

Know with certainty that this "boring zone" is often temporary. Based on previous cycles, we might see a new Bitcoin all-time high in 30 to 150 days, and once Bitcoin breaks its previous record, top altcoin projects have historically seen gains of 200% to 1,000%.

By staying patient and disciplined during quiet periods, you can be prepared for potential opportunities that may arise as the crypto market evolves. Remember, while historical patterns offer insights, they don't guarantee future results, but these historical patterns are worth considering as you plan your strategy.

We get it, the waiting game is hard

Holding onto your crypto during boring market times can be tougher than you'd think. When prices aren't moving much, it's easy to get antsy or start doubting your choices. But keeping a cool head and being rational is key to long-term success.

First off, remember why you got into crypto in the first place. Was it the tech? The potential? Keep that big picture in mind. It helps to set realistic expectations too - crypto's known for its ups and downs, so flat periods are normal.

Try to limit how often you check prices. Constantly peeking at your portfolio can drive you nuts during slow times. Instead, focus on other parts of your life or dive deeper into learning about blockchain.

Connecting with other crypto fans can help too. Chat about ideas, not just prices. And don't forget to celebrate small wins - even if the market's quiet, projects are still developing and growing.

Stay patient, stay curious, and remember: in crypto, today's boredom could be tomorrow's excitement.

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What is a stablecoin?

A stablecoin is a cryptocurrency that aims to keep its value consistent with a specific asset or group of assets, in other words, its value is pegged to the underlying asset. Unlike volatile cryptocurrencies such as Bitcoin or Ethereum, stablecoins aim to provide the benefits of digital currencies without the wild price fluctuations. Most commonly, stablecoins are pegged to fiat currencies like the US dollar, with one coin typically equaling one dollar.

How do stablecoins maintain their value?

Stablecoins use various mechanisms to maintain their peg:

1. Collateralised stablecoins

These are backed by reserves of the pegged asset. For every stablecoin issued, there should be an equivalent amount of the asset held in reserve (in a bank). Examples include USDC and USDT.

2. Algorithmic stablecoins

These use smart contracts and algorithms to automatically adjust supply based on demand, theoretically maintaining the peg. An example was TerraUSD (UST) before its collapse.

3. Hybrid models

Some stablecoins combine collateral backing with algorithmic mechanisms.

Maintaining the peg often involves continuous market operations, such as minting new coins when demand increases or burning excess supply when demand decreases.

What does it mean when a stablecoin depegs?

When a stablecoin "depegs," it means its value has deviated significantly from its intended peg. For instance, if a USD-pegged stablecoin trades at $0.95 or $1.05 instead of $1.00, it's considered depegged. Minor fluctuations are normal, but substantial or prolonged deviations indicate a problem.

Why does this happen?

Stablecoins can depeg for several reasons:

1. Market pressure: Extreme market conditions can lead to massive sell-offs, overwhelming the stabilising mechanisms.
2. Loss of confidence: If users doubt the stablecoin's backing or the issuer's credibility, they may rush to sell, causing a depeg.
3. Insufficient collateral: If a stablecoin isn't adequately backed by reserves, it may struggle to maintain its peg during high-stress periods.
4. Algorithm failures: For algorithmic stablecoins, flaws in the stabilising mechanism can lead to depegging.
5. Regulatory issues: Legal challenges or regulatory crackdowns can shake confidence in a stablecoin.
6. Liquidity crises: If there's not enough liquidity in the market, it can be difficult to maintain the peg.
7. External economic factors: Major economic events or changes in monetary policy can affect a stablecoin's stability.

What are the consequences of a stablecoin depegging?

The consequences of a stablecoin depegging can be severe and far-reaching:

Loss of user funds

Investors holding the stablecoin may face significant losses if the value drops substantially.

Market volatility

A major stablecoin depegging can trigger broader crypto market sell-offs and instability.

Loss of trust

Depegging events can erode confidence in the entire stablecoin market and the specific project.

Regulatory scrutiny

Such events often lead to increased regulatory attention on stablecoins and the broader crypto industry.

Disruption of crypto ecosystems

Many DeFi protocols rely on stablecoins; a depeg can disrupt these systems. And as stablecoins are often used as collateral, depegging can trigger mass liquidations and potential system-wide instability.

Project failure

In extreme cases, like with Terra/LUNA, a stablecoin depeg can lead to the complete collapse of the associated project and ecosystem.

Understanding the mechanisms behind stablecoins and the risks of depegging is crucial for anyone involved in the cryptocurrency space. While stablecoins play a vital role in the crypto ecosystem, providing a bridge between traditional finance and the volatile world of digital assets, they are not without risks. Be sure to always do your own research before engaging in the crypto space.

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Tap (XTP) is a pioneering financial technology platform established in 2019, revolutionising finance by merging traditional banking with cryptocurrency management. It facilitates instant, free money transfers within its network, incentivising its community and simplifying bill splitting and expense sharing. Tap aims to democratise finance and empower individuals with comprehensive financial tools, offering intuitive interfaces, powerful features, and robust security measures.

What is Tap (XTP)?

Managing money across different platforms and currencies can be a daunting task in today's digital world. Tap (XTP) emerges as a groundbreaking fintech solution, bridging the gap between traditional finance and cryptocurrencies. Established in 2019, this innovative app is on a mission to democratise finance and empower users with comprehensive financial tools.

What sets Tap apart is its ability to provide an all-in-one ecosystem where you can send and receive money or crypto instantly fee-free within its Tap2Tap network , pay bills, and invest in a range of cryptocurrencies. Tap also offers an easy on-ramp to convert fiat into digital assets and off-ramp services to cash out using low fees. No more juggling multiple apps or fretting over international fees when traveling abroad.

The XTP token, Tap's native ERC-20 cryptocurrency, is the key that unlocks the full potential of this platform. Use XTP to access premium features like up to 8% cashback on spending, earn rewards, and gain entry to exclusive services within the Tap ecosystem. With its integrated Mastercard, you can effortlessly spend your funds and earn cashback at millions of merchants globally.

Powered by robust security measures, regulatory compliance, and a user-friendly interface, Tap offers a secure and transparent financial journey tailored for the modern consumer.

What is Tap - Introducing Tap's Functionality

Tap is a comprehensive financial platform that seamlessly combines traditional money accounts and cryptocurrency management, providing users with a centralised platform for all their monetary transactions. At its core is a mobile app that serves as the primary interface for accessing Tap's services.  

Before gaining access, users must undergo a verification process that involves providing personal information to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Once verified, the user-friendly app allows them to purchase, sell, and securely store a diverse range of cryptocurrencies – currently close to 50 different options.

The app simplifies the process of acquiring cryptocurrencies by accepting various payment methods, including debit cards and bank transfers. Users can also transfer cryptocurrencies from their external wallets into their Tap account or sell their holdings and transfer fiat currency directly to their bank accounts. Alternatively, users can also can send cryptocurrencies to other wallets or exchanges.  Tap's wallet system is designed with robust security measures and encryption capabilities, ensuring the safekeeping of users' assets.

For seamless spending of cryptocurrencies, users can order a Tap Mastercard – available in both physical and virtual forms – directly through the app. To use the card for purchases, they can preload it directly from their Tap wallet. The card also enables cash withdrawals from ATMs globally and offers generous cashback of up to 8%, depending on the user's tier. Additionally, the card provides excellent FX conversion rates, enabling its users to spend worldwide worry-free.

What makes Tap Unique?

Forget juggling multiple apps and accounts. Tap seamlessly blends traditional money accounts with cutting-edge crypto, all in one intuitive platform. Instantly convert your digital assets to cash for everyday use or grow your portfolio with a wide range of supported cryptocurrencies. It's the best of both worlds.

What truly sets Tap apart is its ability to instantly convert cryptocurrencies to fiat currency with its on-off-ramp feature. No more waiting around or dealing with convoluted processes. This feature  comes in handy for users looking to incorporate cryptocurrencies into their everyday transactions, as it removes the usual delay associated with crypto-to-fiat conversions.

Tap's supports a wide range of cryptocurrencies provides users with the flexibility to store, manage, and trade a diverse portfolio all from one platform. This broad support makes it a go-to app for cryptocurrency enthusiasts.

What is the Tap Ecosystem?

The Tap ecosystem embodies a comprehensive suite of financial services and functionalities aimed at delivering a seamless interface for overseeing both fiat and cryptocurrency holdings.

Here is a list of the different functionalities it offers:

Multi-Currency Wallet:

Tap offers a secure and encrypted digital wallet that supports over 50 different cryptocurrencies. This wallet allows users to store, manage, and easily switch between various crypto and fiat currencies, catering to both investment and everyday transaction needs.

Cryptocurrency Exchange:

Users can trade a broad and diverse range of cryptocurrencies. Unlike other platforms with limited pairs, Tap allows users to exchange any asset for another without constraints. This hassle-free process ensures flexibility and ease of use. Additionally, the trading platform prioritises speed and efficiency, delivering a dependable and user-friendly experience to all users.

Tap Prepaid Mastercard:

A pivotal component of the Tap ecosystem is its prepaid Mastercard, empowering users to spend and withdraw money worldwide.

Cash Back:

A standout feature of Tap's offerings is its cash back program, providing rewards to all users who use their card. By upgrading, users can unlock even greater benefits, earning up to 8% cash back on their Tap card purchases.

Instant Money Transfers:

Tap enables quick and free money transfers worldwide through its Tap2Tap network, allowing users to send crypto to other Tap users within the app without incurring additional charges.

Fiat Currency Support:

Alongside its crypto services, Tap also supports various fiat currencies, allowing users to manage traditional currency alongside their digital assets.

Investment and Trading Tools:

Tap provides users with a range of tools and features, including a smart trading router, market newsletter, and real-time price tracking.

Smart Trading Router:

The top-of-the-line smart router locates the best execution location by scanning multiple exchanges and liquidity providers in real-time, to find the best available price available price it can locate for their purchases.

What is the XTP Token?

The XTP token serves multiple purposes within the Tap platform. Primarily, it facilitates trading by reducing trading fees and enabling users to access various premium plans, each offering a wide range of benefits. Users can also exchange XTP for numerous cryptocurrencies listed on the platform, thanks to the availability of multiple XTP trading pairs. This flexibility allows users to diversify their digital asset portfolios conveniently.

By utilising XTP tokens, users can upgrade to premium plans that offer perks such as up to 8% cashback, reduced trading fees, decreased FX fees, higher card spending limits, exclusive market newsletters, and premium support within the app. Furthermore, Tap facilitates quick and free transfers of XTP tokens between Tap accounts, providing a seamless solution for global asset transfers. This functionality is particularly valuable for individuals seeking efficient and cost-effective methods to move funds across borders.

Tap's well-regulated and secure app ensures a smooth trading experience, catering to the unique needs of each user. Additionally, the platform provides a secure wallet for the safe storage of XTP tokens, offering peace of mind and streamlined asset management for users.
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In today's interconnected global economy, the ability to manage finances across multiple currencies and cryptocurrencies is becoming increasingly important. New financial technologies are emerging to address this need, offering tools that simplify cross-border transactions and bridge the gap between traditional and digital currencies.

Streamlined Euro Payments

The Single Euro Payments Area (SEPA) system has revolutionised euro transactions across Europe. This standardised framework allows for efficient and cost-effective transfers between participating countries. Tap leverages this system to provide users with an exceptionally easy and affordable way to send EUR. With Tap, transferring euros becomes as simple as a few taps on your smartphone, making cross-border transactions more accessible than ever.

GBP Transactions with Faster Payments Service 

In the UK, the Faster Payments Service (FPS) has transformed the speed of domestic transactions. Tap integrates this system to offer users a remarkably simple, fast, and cheap method for sending GBP. Whether you're splitting a bill with friends or paying a supplier, Tap's FPS integration ensures your pounds are transferred almost instantly, 24/7, with minimal associated costs.

The Power of Stablecoins for International Transfers

Stablecoins have emerged as a crucial bridge between traditional currencies and the volatile world of cryptocurrencies. Tap offers the convenient option of converting Fiat or cryptocurrencies to stablecoins, providing a cost-effective and lightning-fast alternative to traditional SWIFT transfers for international payments. This feature is particularly valuable for those looking to avoid the delays and high fees often associated with cross-border bank transfers.

John, a London-based entrepreneur, shares her experience: “For urgent payments to my international suppliers, Tap's stablecoin transfer feature is an absolute godsend. I can swiftly convert my pounds to USDT and send payments anytime, with the assurance that they'll be processed almost instantly. It's made dealing with international payments an absolute doddle. Brilliant stuff, really.”

Exploring Cryptocurrency Options

For users who are comfortable with cryptocurrencies, Tap offers another layer of flexibility. The platform supports a wide range of cryptocurrencies, allowing users to send and receive various digital assets if that's their preferred method of transaction. This feature caters to crypto enthusiasts and those looking to leverage the unique benefits of blockchain-based transfers.

Integrating Traditional and Digital Finance

As the lines between traditional and digital finance continue to blur, Tap stands out by seamlessly handling both. This integrated solution offers several advantages:

1. Simplified management of diverse assets in one place

2. Easier conversion between traditional currencies and cryptocurrencies

3. Potential for reduced fees through the use of blockchain technology

4. Enhanced financial flexibility for global transactions

The Tap Network: Free Transactions Within the Ecosystem

One of Tap's most compelling features is its in-app Tap2Tap Network. This innovative system allows users to send both cryptocurrencies and fiat currencies to other Tap users in the app completely free of charge. By facilitating fee-free transactions within its ecosystem, Tap not only saves users money but also encourages a more interconnected financial community.

Whether you're sending euros across Europe, pounds within the UK, stablecoins for international transfers, or cryptocurrencies to fellow enthusiasts, Tap provides a comprehensive solution that combines speed, simplicity, and cost-effectiveness. The platform's integration of traditional banking systems, stablecoin functionality, and cryptocurrency support, all united under the fee-free Tap2Tap Network, represents a significant step forward in accessible, flexible global finance.

To experience the benefits of integrated currency and cryptocurrency management firsthand, consider exploring Tap. This innovative financial app combines support for SEPA and FPS transactions with a wide range of cryptocurrency options, including stablecoins and popular tokens. Visit www.withtap.com to learn more about how you can optimise your financial transactions across borders and digital assets, and start enjoying fee-free transfers within the Tap2Tap Network today.
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Dear Tap Community,

Today, We want to share some exciting developments at Tap. Your feedback has been instrumental in shaping our path forward, and we eager to tell you about the positive changes we're implementing.

We've revised our UK paid plans pricing structure:

• Plus: £250 a year
• Prime: £750 a year
• Premier: £1500 a year
• Platinum: £2500 a year
• Prestige: £3500 a year

This new structure reflects our commitment to providing value while ensuring the sustainability of our platform. We believe it strikes the right balance for our community.

While we believe our team has significant expertise, we recognise that our customers often have the deepest understanding of how our services impact their lives. This new structure reflects both our analysis and your crucial input.

Here's what we're always committed to improve:

• Sharpening our listening skills to better understand your needs.
• Increasing transparency in our decision-making processes.
• Thoughtfully considering your suggestions as we evolve

Moving Forward, Together

Your engagement with Tap, whether through praise or constructive criticism, fuels our drive for excellence. It's a testament to the vibrant community we're building together. 

As we implement these changes and continue to improve, I encourage you to keep sharing your thoughts. Your insights are crucial as we work to create a platform that serves its purpose effectively.

We're on an exciting journey, and while challenges may arise, our commitment to building a robust, user-centric platform remains unwavering.

Thank you for your continued support and for being part of the Tap community. Together, we're shaping a promising future. ✨
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The Tap team.

If you’re in the process of applying for a passport chances are strong that you already know the importance of needing one. Whether you’re in a terrible hurry because you forgot to check the expiry date before booking your trip or maybe lost your passport ahead of an urgent cross-border meeting, we’ve got you covered. The UK offers a service that allows applicants to fast-track their application. 

Find everything you need to know about the process below, including the fees involved. And why might we, a fintech platform, be informing you about fast-tracking passports? Because we’re in the business of travel. With our world-friendly app that allows users to seamlessly switch between currencies as they swipe their cards around the world, we understand not every process is this simple. Now that we’ve covered that, let’s get into why you’re really here. 

How to fast-track your passport application

Getting a passport in the UK can sometimes be a lengthy process, but luckily there are options available to speed things up. Normally, it can take up to 10 weeks to receive a new passport through the standard application process. While it may be quicker in some cases, it's always best to be prepared for a wait.

The one-week fast-track option

The first option is the 1 week Fast Track service. This service allows you to renew an adult or child passport, replace a lost or stolen passport, or update your details. You can book an appointment for this service up to 3 weeks in advance and will need a debit or credit card.

How to apply

To apply for the 1 week Fast Track service, follow these steps:

1. Visit your local Post Office branch to obtain an application form (these are not available online).

2. Book your fast-track passport appointment online.

3. Pay the fee.

4. Take your completed application form and the required supporting documents to your appointment. There is a booklet accompanying the application form that provides a list of the necessary documents.

5. Once you have completed these steps, your new passport will be delivered to your home address within a week of your appointment. It's important to note that someone needs to be present to sign for the passport upon delivery.

The costs*

The cost for the 1 week Fast Track service is £155 for an adult passport and £126 for a child passport.

The same-day fast-track option 

If you need your passport even faster, there is also the Online Premium service. With this service, you can collect your new passport on the same day as your appointment. However, please note that this service is only available for adult passport renewals issued after 31 December 2001. 

If you have an adult passport issued before this date, you will need to use the one-week fast-track service or the standard application process.

How to apply

To use the Online Premium service, you can simply apply and book an appointment online. The earliest appointment you can get is 2 days after applying.

The cost*

The cost of this service is £193.50 for an adult passport. 

Who can use these services?

It's important to know if you are eligible for these fast-track passport services. If you are applying for your very first UK passport, unfortunately, you won't be able to use either of the fast-track services (unless applying for a child's first-time passport in which case you can use the one-week fast-track option). For everything else, you will have to go through the standard application process instead.

In conclusion

Remember, it's always best to plan ahead and apply for your passport in advance to avoid any last-minute stress and government regulation curveballs. However, if you do find yourself in need of a passport urgently, these fast-track services can be a lifesaver.

If you have any further questions or need additional assistance, don't hesitate to reach out to the appropriate passport office or visit their website for more information (listed below). They will be able to provide you with the most up-to-date details and guidance regarding the fast-track process.

*Please note that the fees were correct at the time of writing and are subject to change. Check the website page listed below to find the relevant information.

References:

• GOV.UK - Passport application service
• GOV.UK - 1 week Fast Track service
• GOV.UK - Online Premium service

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