According to crypto market data aggregator Santiment, wallets holding between 100 and 10,000 BTC now constitute the largest category of Bitcoin hodlers, accounting for 48.7 percent of Bitcoin's supply.

These addresses have accumulated 90,000 more $BTC in the last 25 days.

The current buying frenzy has pushed the millionaire addresses' Bitcoin holdings to a seven-week high, with the addresses representing more than 9.11 million BTC.

Meanwhile, Glassnode found that weekly bitcoin outflows from miner addresses have reduced to $1.7 million.

It is evident that whales and miners are accumulating Bitcoin as it attempts to break past $40,000.

Could the days of accumulation fuel the next $BTC rally?
https://twitter.com/CoinsbitIndia/status/1405517097468260365

Is cryptocurrency taxed in India?

This is a touchy subject for everyone, as the Indian income tax legislation is currently unclear about the tax implications of cryptocurrency gains.
👇🏽Here's what you need to know:
https://twitter.com/CoinsbitIndia/status/1405867188012023819

Cryptocurrencies are going mainstream in India and the latest development comes from Raftaar who became the first Indian musician to start accepting payment in Cryptocurrencies.

This a major milestone for the Crypto industry in India.

“I’ve always been an ardent admirer of blockchain technology and I’ve always wondered why artists and managers alike haven’t explored the potentiality of this disruptive medium. Nevertheless, I’ve finally taken the baby steps in this direction," said the popular Rapper.

We believe this is just the beginning and we can expect more artists to follow suit.

https://twitter.com/CoinsbitIndia/status/1406161342906527745

Deputy Carlos Antonio Rejala Helman of Paraguay's Hagamos Party is the latest to announce that he is working on bitcoin legislation to be introduced next month.

The announcement follows in the footsteps of El Salvador and its pro-bitcoin president Nayab Bukele.

The deputy is working on a measure that would seek to legalize cryptocurrency payments in Paraguay.

The bill states that Bitcoin can be used for any transactions carried out within national borders.

He has also incorporated Lases eyes in support for BTC.

El Salvador seems to have started a trend as several regulators have spoken in favor of the world's largest cryptocurrency. Its only a matter of time before the rest of the world steps in.

Which nation do you think is next?
https://twitter.com/CoinsbitIndia/status/1406911689870614534

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https://twitter.com/CoinsbitIndia/status/1407310857973866497

The National Bank of Rwanda, the latest to join the CBDC trend, has confirmed that it is examining the prospect of issuing its own digital currency.

The bank is evaluating the economic, financial, and technological aspects of CBDCs, as well as the "operationalization model."

Additionally, the study will look at the "implications for monetary policy and financial stability." of the CBDC.

While CBDCs are centralized, recent events are proof of how far #Blockchain technology has come and how it is enhancing traditional finance.
https://twitter.com/CoinsbitIndia/status/1407633799467343875

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https://twitter.com/CoinsbitIndia/status/1407695814596595716

More Bitcoin ETFs continue to surface.

3iQ Corp, Canada's largest manager of digital asset investment funds, has officially listed The Bitcoin Fund on the Nasdaq Dubai.

The Bitcoin ETF is the first publicly traded digital asset fund in the MENA region.

A bitcoin ETF reflects the price of the flagship digital currency. This enables investors to invest in crypto passively with significantly lesser risks.

This is a popular investment tool among institutional investors. The fund gained 10% on its first day of listing in Dubai.
https://twitter.com/CoinsbitIndia/status/1407970608940404740

Just days after accepting Bitcoin as a legal tender, El Salvador is set to get another upgrade as Athena Bitcoin is planning a $1 million investment to install cryptocurrency ATMs in the nation.

The firm will also open an office and recruit staff.

President Nayib Bukele "presented us with a tough challenge of 1,500 ATMs, we will go for that, but in phases. We are a private company and we want to ensure that our development in the country is sustainable," said the firm's director for Latin America Matias Goldenhörn.

The development follows El Salvadors plans to power Bitcoin mining operations using Volcanic energy.

The switch to Bitcoin has sparked a technological revolution in the nation.
https://twitter.com/CoinsbitIndia/status/1408360607598841858

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https://twitter.com/CoinsbitIndia/status/1408724861539688449

Mexico's third-richest man Ricardo Salinas Pliego wants his bank to be the first bank in the nation that accepts Bitcoin.

He is the founder and chairman of Grupo Salinas, a Mexican corporate conglomerate.

Salinas a major Bitcoin proponent and has more than 10% of his liquid portfolio in Bitcoin.

The development is quite ironic, but it seems the divide between banks and cryptocurrencies, in general, is narrowing down as more banking institutions get exposure to Crypto.

https://twitter.com/CoinsbitIndia/status/1409439617955233795

The growing demand for Cryptocurrencies in India is evident from the fact that investments in the new asset class have grown from $200 million to $40 billion over the past year.

This is despite the central bank's hostility towards the asset class and rumors of a trading ban.

Young Indian investors seem to be shunning Gold, which had been the popular choice until now, with Indian households owning more than 25,000 tonnes of gold.

Experts believe this is because Cryptocurrencies are easily accessible to retail investors.

This leads us to speculate about the age-old question asked; Will Bitcoin replace gold as a safe haven asset?
https://twitter.com/CoinsbitIndia/status/1409464085259845634

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https://twitter.com/CoinsbitIndia/status/1409538969654546434

DAILY NEWS: To meet growing customer demand, American multinational bank Morgan Stanley has purchased 28,289 shares of Grayscale Bitcoin Trust via its Europe Opportunity Fund.

The banking giant has been slowly treading into the world of crypto & blockchain tech.

Morgan Stanley is one of the many banks that have facilitated cryptocurrency exposure for its clients over the past months.

The narrowing divide between banks and cryptocurrencies is proof that cryptocurrencies, especially, Bitcoin, are now considered a credible investment.

Will we see Indian banks step up and join the trend?
https://twitter.com/CoinsbitIndia/status/1409801055697739776

Did you know the CIN Staking pool is now live on the Coinsbit India Portal? If not, you are missing out on some great staking rewards.

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https://twitter.com/CoinsbitIndia/status/1409857813929549824

LEARN: As you must have heard, #Bitcoin’s Hashrate is the hottest topic in the industry right now. This is because the recent crackdowns in China has resulted in a drop in Bitcoin’s total hashrate. But what is Bitcoin’s hashrate?

https://twitter.com/CoinsbitIndia/status/1409874922986524687

DAILY NEWS: US Senator Cynthia Lummis wants to see crypto-assets added to diversified retirement plans for US residents.

In a recent interview with CNBC, She expressed concerns about the risks of inflation posed by government spending and money printing.

"I worry about having all of our retirement monies denominated in U.S. dollars. As part of diversification, having a very diverse asset allocation, you don't have all your eggs in one basket. I think one of the strongest stores of value for the long run is bitcoin," she said.

It's not just the senator. Over the years, major corporations and investment funds are also cranking up their Crypto exposure.

At the pace the industry is currently expanding, Cryptocurrencies could soon be a common household name.

What portion of your portfolio is Crypto?
https://twitter.com/CoinsbitIndia/status/1410167671430123521

Bitcoin and crypto are more than just an asset class or an investment tool. The tech has been cited as one of the most disruptive innovations of this generation.
👇🏽Here’s how Bitcoin and cryptocurrencies can help businesses embrace digital transformation:
https://twitter.com/CoinsbitIndia/status/1410219620141699078

Just like 🇸🇻 El Salvador, which’s leveraging volcanic energy 🌋 to power its #Bitcoin mining operations, India could start building early to create a crypto mining ecosystem that functions in conjunction with the renewable energy setup that is being developed.
#India is gradually working to ramp up its renewable energy dependence. More than 36% of the nation’s total power comes from renewable sources as of now. The output is supposed to go higher by 2022.
https://twitter.com/CoinsbitIndia/status/1410597702077882382

DAILY NEWS: American pop singer and songwriter Katy Perry is introducing NFTs for fans, while also acquiring a stake in blockchain video-delivery network Theta Labs.

Perry joins the ranks of Jay Z, Grimes and several other artists who have launched their NFTs

NFTs are revolutionizing the music industry and it's not just western artists.

Indian artists Raftaar and RitWiz were one of the first in Bollywood to launch their NFTs.

This has paved a way for more artists to follow, Which Indian celebrity's NFT would you like to see next?

https://twitter.com/CoinsbitIndia/status/1410621188942925829