CRYPTOCURRENCY EXCHANGE | VILBIT.COM
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🚀 Russia is testing digital currency

💵 Seven banks will join the testing of the digital ruble platform in the coming months

▪️ The launch of the prototype platform took place in January 2022 with the participation of five banks. Together with the regulator, they tested the issuance of digital rubles, the opening of digital wallets, as well as transfers between citizens.


The second stage of platform testing is expected in autumn 2022. It involves the conduct of operations to pay for goods and services, as well as government payments.

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Who quickly? 📶

The world's first cryptocurrency reached a capitalization of $1 trillion in 12 years. Whereas US mega-cap tech companies took much longer:

▪️ Bitcoin only took 12 years, twice as fast as Amazon;

▪️ It took Microsoft about 44 years to reach the $1 trillion valuation, which is about 3.6 times slower than Bitcoin;

▪️ It took Apple 42 years and Google 21 years.

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⚡️ Bank of England urged to regulate cryptocurrencies by analogy with the traditional market

Cryptocurrencies need to be regulated in the same way as traditional finance in order to reduce risks in the industry and increase investor confidence. This was stated by Deputy Governor of the Bank of England John Cunliffe.
During the press conference, the official recalled the collapse of the Terra ecosystem. According to him, digital assets cannot maintain their value and stability, causing stress in the markets.

He acknowledged that cryptocurrencies have “real potential for use in the financial system.”

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⚡️Mike Novogratz doubted the collapse of Bitcoin to $13,000

▪️According to Novogratz, centralized companies in the cryptocurrency market had too many positions with leverage. This led to the bankruptcy of some of them.
He also predicted a sideways trend in the digital asset industry until the Fed stops raising the base rate.

▪️Recall that in June, Novogratz predicted a continuation of the recession in the cryptocurrency market for 18 months. In his opinion, the industry will see the first signs of recovery after the easing of the Fed's monetary policy.


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OFFICIAL: Central Bank of Portugal grants the first crypto license to a bank.

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The greenest cryptocurrencies:
☘️ ️KWHCoin
Cryptocurrency can be obtained in exchange for electricity from renewable sources.

☘️ ️SolarCoin
Aimed at the development of solar energy. Energy producers register their installation and open a wallet. For every MWh of energy produced, they receive one Solarcoin.

☘️ ️EverGreenCoin
Everyone who buys tokens supports projects in the field of renewable energy, water resources protection, and healthcare.

What you might not know:
🔅 In 2019, scientists from the Technical University of Munich calculated that the blockchain network that serves bitcoin consumes 45.8 TWh of electricity every year.

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💰 Dogecoin may become the main currency for the Internet

▪️ Recently, the Robinhood cryptocurrency and stock trading app added support for Dogecoin. The CEO of the company said that the DOGE coin is quite suitable for the role of the “Internet currency”.

🚀 Commissions in the Dogecoin network are extremely low - about $0.003 per transaction on average, while large payment systems like Visa and Mastercard charge from 1% to 3% of the transaction amount.

Also note the high cost of transactions.

The coin itself has already been proposed as the main payment currency on Twitter.

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Why do we need cryptocurrencies? 🤔

4 answers to this question:
🔲 Cryptocurrency is a powerful trading tool that has helped many build capital in record time.
🔲 A good alternative to banks. Cryptocurrency is a good way to save your money so that it does not disappear and depreciate in case of inflation.
🔲 Blockchain - the technology that powers cryptocurrencies - has proven to be a much more sustainable technology than traditional financial instruments.
🔲 With 12 years of existence of cryptocurrencies, even the most skeptical people are forced to admit that crypto plays a significant role in the economy. In the future, this area will continue to develop.

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Chairman of Rockfeller International: "Bitcoin will soon return to growth"

Managing Director and Chairman of Rockfeller International,
believes that bitcoin will soon return to growth and reach new heights.

Ruchir recalled the situation with Amazon in the early 2000s, during the dot-com bubble, when the retailer's share price collapsed by 90%.
However, stocks then bounced back, and over the next 20 years rose another 300 times.

The top manager of Rockfeller International believes that a similar situation could happen with the first cryptocurrency. Sharma noted that bitcoin and cryptocurrencies have become victims of a “global speculative mania”

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⚡️Online broker M1 Finance will launch cryptocurrency trading

▪️US-based brokerage firm M1 Finance announced the addition of the ability to trade ten digital assets without charging a commission.

Founded in 2015, M1 Finance holds $5 billion of client assets. The online broker offers commission-free stock and ETF trading and retirement account management.
One of the key proposals of M1 Finance is the distribution of capital into thematic portfolios.



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Greenidge Generation Increased Bitcoin Mining by 18%

In June, the American mining company Greenidge Generation Holdings mined about 230 BTC. This is about 18% more than the previous month.

The firm also increased its hash rate to 2.5 EH/s. As of the end of May, the rate was 1.7 EH/s.
As of June 30, Greenidge had a fleet of 27,500 miners awaiting delivery of another 200 units. Approximately 24% of the company's computing capacity is located at the Spartanburg, South Carolina facility.



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6 rules of long-term investment:

1. Invest only in what you are not afraid to lose.
2. Reinvest dividends to own more shares.
3. Invest in what you understand.
4. Diversity between different sectors and markets.
5. Make a plan and stick to it.
6. Avoid panic selling when markets sell off.

▪️ And we would like to remind you that currency exchange transactions at the LOWEST prices per transaction and current rates can be made on our website:

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📱 Zara will create a clothing collection for NFT

🤯 Zara launches its Lime Glam clothing line to be tried on in the Zepeto multiverse.

👗 The collection is designed to reflect the latest trends in high fashion. These are short green dresses with ruffles, voluminous denim jackets, wicker bags, sandals, and so on.

❗️ The number of NFTs, as Zara warns, will be limited.

🙌🏻 The trend towards increasing popularity of digital versions of clothing is also observed on other platforms.

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WHY IS IT SO?

For example, Starbucks, AirBaltic, PayPal, Tesla, MicroStrategy, Microsoft and many other well-known companies.
What is the benefit? 🤔👇🏻

▪️ Maintaining the trend.
Every day more and more people begin use it, and order to be “in trend”, actively support cryptocurrencies, and some of them even create their own!

▪️ Variability in accepting payments.
Corporations are actively introducing payment for their goods and services with cryptocurrencies - this is convenient for a wide range of users and allows you to earn money. 💰
▪️ Advertising.
The news about the purchase of Bitcoin by a large company immediately flies around all sources. This advertising tool is used by many large world organizations. 🔊
▪️ Protection against inflation.
Cryptocurrencies are a good business tool for risk diversification. 🔒

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😱 Mastercard registers Metaverse related trademarks

▪️ The documents refer to “Metaverse-enabled NFTs, a digital goods marketplace, and payment transaction processing and e-commerce software in the metaverse.”

▪️ In Mastercard's application, the metaverses are mentioned in the context of "sponsoring cultural and sporting events, charity events, concerts, travel, buffets, festivals and awards."

▪️ Recall that in January 2022, Mastercard and Coinbase agreed to simplify the purchase of NFTs on the forthcoming launch of the cryptocurrency exchange marketplace.

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Forecasts for Bitcoin and Ethereum by 2023

There is such a well-known company - Galaxy Digital. And exactly a year ago, it was they who predicted the very record rise of Bitcoin last year.

What did these prophets say now?

Digital gold and the second largest cryptocurrency by capitalization are able to double in price by the summer of 2023, namely: 100,000 Bitcoin, 10,000 Ethereum.

- But there is one problem. It is about resistance, because there is always someone who is “unfavorable”, according to the head of the trading department Jason Urban.

However, these forecasts indicate that the best time to study the market, enter, and use our site, because we can make foreign exchange transactions at the current rate with the LOWEST transactions

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🇺🇸 USA approves international crypto regulation policy

📌 The US Department of the Treasury has outlined the framework for international interaction within the framework of cryptocurrency regulation, which establishes the framework for interdepartmental interaction with foreign colleagues and in interstate forums.

📌 The main goal of the interaction is to ensure that cryptocurrency activities are consistent with "America's core democratic values." The agency has established program goals to protect consumers in the US and around the world by.

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Elon Musk cancels deal to buy Twitter

👀 The reason is “a material violation of several provisions of the agreement”, because the social network did not provide a normal report on spam accounts.

☝️ Musk must pay $1 billion for refusing the deal. Twitter was outraged that Musk squeezed 44 billion and said they intended to sue in connection with the termination of the deal by Elon to acquire it.

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🚀 CoinShares predicted a new high of Bitcoin within two years

▪️The price of the first cryptocurrency may continue to fall, but will reach another all-time high in the next 24 months, says CoinShares Strategy Director Meltem Demirors.

▪️ However, the reversal of the price trend will occur after some time, since “no catalysts for growth” are yet to be seen, the expert clarified.

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⚡️ Twitter sues Elon Musk over termination of social network purchase deal

The platform intends to force the head of Tesla to fulfill obligations and complete the purchase. The document says that the entrepreneur “made a show” and behaved in bad faith:

Before the lawsuit was officially filed, Twitter's lawyers called the termination of the deal illegal.
The social network filed a lawsuit in the Delaware Court of Chancery and asked for an expedited review of the case.

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🤯 Solar powered crypto farm?

▪️ Jack Dorsey and Tesla are working on building their solar-powered crypto farm.

▪️As you know, the mining farm will use Tesla energy storage technology, for which the platform will be equipped with rechargeable large batteries.

💵 At the end of March, Tesla had $2.48 billion in bitcoins.

Thus, companies want to make another breakthrough and increase the popularity of blockchain technologies.

Do they obviously know something, since they have conceived such a large-scale project? 🤔

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