👨‍🦳 Welcome to our Telegram channel!

Here, we delve into the world of living solely on cryptocurrency. Discover how to earn in crypto through various methods like mining, staking, trading, and freelancing. Learn effective strategies to grow your digital assets and stay updated on the latest opportunities. 🚀

Beyond earning, we explore how to seamlessly spend your crypto earnings in everyday life. From platforms and services that accept cryptocurrency to practical tips on managing your digital finances. 📊

Our channel also covers investment insights, security tips to safeguard your assets, and updates on the latest trends and regulatory developments in the crypto space. Engage with a supportive community of crypto enthusiasts, share experiences, and learn together! ✔️

🕯 Review of the Top 10 Cryptocurrencies by Market Capitalization:

1️⃣ Bitcoin (BTC) — the first cryptocurrency launched in 2009. Bitcoin serves primarily as a hedge against inflation and a payment system. It is the most decentralized, reliable, and widely adopted cryptocurrency.

2️⃣ Ethereum (ETH) — a blockchain platform for creating decentralized applications powered by smart contracts. Ethereum is likened to a large online computer where various applications run.

3️⃣ Tether (USDT) — a stable digital asset ("Stablecoin") pegged to the value of the US dollar. Issued by Tether Limited and Bitfinex, it is backed not only by dollars but also by various assets and derivatives.

4️⃣ BNB (BNB) — the cryptocurrency of the largest exchange Binance, used within the exchange ecosystem and as fuel for transaction fees on both BNB Beacon Chain and BNB Smart Chain (BSC). BSC is currently the largest Ethereum alternative with a similar app ecosystem. BSC is cheaper and faster than Ethereum but less decentralized.

5️⃣ Solana (SOL) — an Ethereum alternative known for having the cheapest and fastest transactions among major smart contract platforms. Today we will buy this coin for 10$ Buffett.

6️⃣ USD Coin (USDC) — another stablecoin pegged to the dollar. It is more transparent than USDT: each token is backed by one dollar held in reserve, in the form of cash and short-term US Treasury bonds. Circle and Coinbase stand behind the project.

7️⃣ XRP (Ripple) — a decentralized platform for payment systems. The project aims to provide banks and payment systems with a convenient way to send and receive money worldwide.

8️⃣ Dogecoin (DOGE) — the first meme coin, based on the Doge meme (Shiba Inu dog breed), launched in 2013. Despite its humorous concept, it is a functional cryptocurrency based on the Bitcoin protocol, with fast transaction speeds, a large supply, and low fees. It can be called the people's cryptocurrency.

9️⃣ Toncoin (TON) — another Ethereum alternative developed by the Telegram messenger team. Its distinguishing features include a powerful and highly active community, as well as initial integration with Telegram.

🔟 Cardano (ADA) — another Ethereum alternative developed according to principles of collective scientific philosophy. The team collaborates with the scientific community to review its developments. The project lags significantly behind other blockchain platforms in terms of applications and users.

This top list is based on the Сoinmarketcap ranking . Rankings on coingecko and cryptorank may differ slightly, as they factor in the capitalization of STETH — currently ranked 6th among all cryptocurrencies.

💎 The Gold Standard Returns!

Stablecoins come not only in dollars but also backed by gold, coins, securities, and more.

For example, tokens backed by gold like PAX Gold (PAXG) and Tether Gold (XAUT) have been trading on the crypto market for some time now. They are available on almost all major exchanges and allow speculation on the price of gold.

But this is just the beginning.

✔️ Tether has announced a new category of digital assets called Alloy — over-collateralized tokens. The first product under Alloy will be the stablecoin aUSDT, pegged to the dollar.

Unlike USDT, aUSDT will be backed not by dollars but by tokens of XAUT, which in turn are backed by gold stored in Swiss vaults.

💰 In essence, Tether has revived the gold standard — now crypto investors can use stablecoins backed by gold and even mint aUSDT tokens by pledging XAUT.

🪙 Overall, the idea is promising: liquidity of XAUT and stablecoins in the market will increase, and crypto investors will have the option to use more "reliable" stablecoins.

However, the "reliability" of all this raises questions: aUSDT tokens are backed by XAUT, which is backed by gold. All of this operates on smart contracts and oracles, which may have vulnerabilities.

💲 Bitcoin Mining Heats an Entire City in Finland

⛏ Marathon has launched a pilot project that uses recycled heat from bitcoin mining to warm homes housing more than 11,000 people.

👍 The heating method used warms water, distributes it, and delivers it through an underground network of pipes to residents' homes.

⬇️Failures also happen...

A user lost 7,912 ezETH ($28 million) due to mistakenly transferring to a contract address instead of their own address.

⛔️ The coins are now locked and cannot be withdrawn. The contract cannot be updated or transferred to grant withdrawal rights.

It's often said that you should check the address string ten times before making a transaction. This is how one can lose several million due to their own carelessness.

💩Where to Find Crypto ATMs?

Unfortunately, cryptocurrencies are not yet widely adopted, which can make finding a crypto ATM challenging.

🛫 When traveling to another city or country, it’s best to find out in advance where to look for Bitcoin ATMs.

‼️IMPORTANT: Before using cryptocurrencies as a means of payment, make sure to familiarize yourself with the laws of the country you are in, as this activity is not legal everywhere.

✅ Bitcoin ATMs can typically be found in cafes, specialty shops, and transportation hubs such as train stations and airports.

To find the nearest Bitcoin ATM, you can use the Coin ATM Radar app. Today, it is the most popular resource with a large database of active crypto ATMs.

⚠️ Another hack and scammers

50 Cent reported the hacking of his social media page X and his own website.

❌ The perpetrators leveraged his massive audience of 12.9 million followers to promote a fake meme token called GUNIT on Solana.

👀 The rapper stated that the scammers managed to raise $3 million within 30 minutes before control over the social media platform was regained.

📊🕯 If we compare the adoption level of Bitcoin to the history of internet development (a very apt comparison due to the network effect), we are currently at roughly the 1999 stage (i.e., even before the dot-com bubble).

❓ For all the "latecomers" to ponder.

💵 "All for a Dollar" Now in Crypto

Tether and Uquid have launched the online store 1USDT.Store to showcase the possibilities of using the USDT stablecoin in everyday transactions.

✔️The store will feature a wide range of products, from digital items like mobile top-ups and gift cards to physical products tailored for various markets.

And all of them will be priced at less than 1 US dollar.

⭐️ This collaboration reaffirms Tether's goal to promote the digital use of fiat currencies, aiming to enhance financial freedom and access for underserved populations.

👀 Besides the "Solana" tattoo on his forehead, Lill Pump also added the word "Solana" on the roof of his car, as well as the Phantom wallet symbol on its hood.

📎Start a new day with a new book!

The book was just released on June 16. Author Roger Huang delves into the intersection of Bitcoin history and China.

💬 The book examines how China will influence the price of Bitcoin, your freedoms, and your wallet.

❓ How is China promoting the digital yuan and central bank digital currencies? As surveillance technologies confront open-source freedom technologies, who will prevail?

💸Roger Huang is a regular contributor to cryptocurrency articles on Forbes, so his expertise can be trusted.

⚠️Cryptopayments May Be Declared Illegal in the UAE

An exception will be made for licensed stablecoins backed by the dirham.

⛔️ At a meeting on June 5, the Board of Directors of the Central Bank of the United Arab Emirates approved the issuance of payment token service rules for the oversight and licensing of stablecoins.

✔️ The new regulations stipulate that payment tokens in the country must be backed by UAE dirhams and cannot be pegged to other currencies.

This shift in policy may signal a less favorable environment for the crypto industry, which clearly won't benefit the UAE's image.

🇧🇴 Another Country Recognizes Crypto

Bolivia lifts the ban on payments in BTC and other cryptocurrencies and officially recognizes crypto as a legitimate tool for banks and other financial institutions.

The ban was introduced in December 2020.

⛔️ However, the Central Bank of Bolivia reminded citizens that cryptocurrencies are not considered legal tender.

✔️ This does not restrict the use of digital assets but does not oblige service providers and sellers to accept cryptocurrencies. Everything is on a voluntary basis.

🔝 Bybit Card can now be added to Apple Pay

In April of this year, Bybit launched its debit card, Bybit Card, in partnership with Mastercard.

💸💵 The product is a physical card that supports both fiat currencies and cryptocurrencies.

✔️The integration with Apple Pay not only enhances the functionality of Bybit Card but also simplifies the payment process for users, allowing them to make purchases in stores, conduct online transactions, and withdraw cash from ATMs.