Hello Fam, we'd like to thank you for helping make Round 1 of $CIN Airdrop a huge success. In total, 665,550 users have successfully claimed their CIN tokens.

*Round 2 is now live and the new airdrop is $100 USD (1,000 CIN tokens).*
📺 Full instructions on how to participate:
https://www.youtube.com/watch?v=OnJXBCLreLg
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

One token, endless possibilities.

$CIN 🤩
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

CIN tokens will have several use cases and holders can enjoy monthly #staking rewards.
Did you collect your $CIN tokens yet?
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

EXCITING NEWS! You can now start staking your $CIN tokens in your Coinsbit India portal and earn 3% monthly rewards!

📖 Step-by-step guide: https://link.medium.com/gOIz7S8Ashb

Happy Staking! 🤩

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.

Here’s how you can stake $CIN in three steps:
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

We are excited to announce that crypto to crypto trading is set to go live in few days. We hope you are equally excited and ready to start buying the dips. 👀😍

What crypto to crypto trading pairs would you like to see first?
https://twitter.com/CoinsbitIndia/status/1410849158500524033

DAILY NEWS: The total Bitcoin hashrate has dropped more than 54% from the all time high in May.

Following the China crackdown, the Bitcoin algorithm has adjusted and mining difficulty has dropped 28%.

This an automatic process to keep the network sustainable for Miners.

Lower mining difficulty means it is easier for miners to solve the complex puzzles that help create new blocks.

As several experts have noted before, now’s a great time start mining Bitcoin.
https://twitter.com/CoinsbitIndia/status/1411257689858985986

Bitcoin and cryptocurrencies have always empowered financial freedom by putting people in control of their finances.

As a developing country, India's economy will definitely benefit from the growing crypto trend while financial inclusion also gets a boost.


A 4th of July article from the Bitcoin Magazine, by Alex Gladstein, accurately outlines how Bitcoin can help bring back the ideals of freedom and individual liberty.

https://bitcoinmagazine.com/culture/bitcoin-and-the-american-idea

Bitcoin and crypto, in general, are gradually being accepted by millions of Indians believing this very idea.

Until May 2021, Indians have invested Rs 49,189 crore in Crypto, ranking 11 out of 154 nations in terms of crypto adoption.

https://twitter.com/CoinsbitIndia/status/1412036287322726414

DAILY NEWS: The cryptocurrency bill in India is ready to be presented in the monsoon session of the parliament.

According to Finance Minister Nirmala Sitharaman, the cabinet note for the crypto bill is ‘ready’. She added that a "lot of work" has been done on the bill.

This has been a relief for crypto-based businesses in the nation as banks have been hesitant towards servicing entities involved with the emerging market.

If the measure passes in Parliament, Sitharaman has suggested pilot programs could be on the way.

Do you think now's the best time for the government to put crypto regulations in place?

https://twitter.com/CoinsbitIndia/status/1412331990582317058