GM, this the Yellow Dip - the weekly newsletter that makes sure you never make a fool of yourself when it comes to crypto and Blockchain.

On our agenda, today we have:

• Quick dips

• Bitcoin's Hashrate Skyrockets to All-Time High

• India's CBDC Update

• Crypto portfolio is up🚀

Quick Dips

Bitcoin's Hashrate Skyrockets to All Time High

Have you heard the latest news about Bitcoin? Its hashrate has been breaking records left, right, and center!

Now, you may be wondering, what the heck is a hashrate? Well, it's just a fancy way of measuring how much computing power is required to mine Bitcoin. In simple terms, the higher the hashrate, the more secure the network is, making it increasingly difficult for anyone to perform fraudulent transactions or take control of the network.

What does this increase mean? Over the weekend, Bitcoin's hashrate hit a new all-time high of 400 EH/S, which is fantastic news for the Bitcoin community.

1. This increase in hashrate means that more miners are getting back into the game after a difficult year in 2022, when many of them went bankrupt or turned off their machines. But now, in 2023, with Bitcoin's value going up by over 50%, miners are starting to turn their machines back on, and it's becoming profitable for them again.

2. Bitcoin's network is getting more secure. Miners compete to solve complex problems, and the higher the hashrate, the harder the problems become. This makes it increasingly costly for someone to attack the network, making it more secure.

Moreover, the increased confidence of miners in Bitcoin's future shows a strong belief in its potential to grow and succeed.

All in all, this news bodes well for Bitcoin's future, as it reinforces the belief that it's a valuable asset and a wise investment choice. More and more businesses are accepting Bitcoin as a form of payment, and people are investing in it as a long-term store of value. With the continued growth of Bitcoin's hashrate, we can only expect more good things to come!

India's CBDC Update : 50K Users and 5K Merchants

Here's an update on India's own Central Bank Digital Currency (CBDC) pilot, and it's been quite a success so far. The Reserve Bank of India (RBI) has reported that the digital rupee pilot has garnered 50,000 users and 5,000 merchants since its launch last year.

Government is in no rush. However, despite joining the CBDC race just a few months ago, the Indian government doesn't want to rush its CBDC pilot. RBI deputy governor Rabi Sankar emphasized that they plan to proceed with testing the CBDC in the smoothest way possible, with targets set in terms of users and merchants.

"We want the process to happen gradually and slowly. We are in no hurry to make something happen so quickly," said Sankar. The government wants to avoid pushing CBDC developments without having full awareness of its potential impact.

Progress in numbers. The digital rupee pilot project has already recorded 770,000 transactions across eight banks since it launched on December 1, 2022. The project is currently being carried out in 5 cities, with 9 more cities potentially joining the pilot soon. Additionally, 5 more banks are set to join the project in the near future. The project has 50,000 users and 5,000 merchants.

Rollout plan. The RBI initially proposed a three-step graded approach for the rollout of the digital rupee, aiming for little or no disruption to the traditional financial system. The Indian government announced CBDC plans in early 2022, stating that a digital rupee would be a "big boost" for the country's economy.

So, while India is taking things slow with its CBDC pilot, it's clear that the government sees the potential benefits of a digital rupee and is working to ensure a smooth and successful rollout in the future.

Yellow Dip Portfolio

This is how our starter's portfolio is performing, with our low-medium risk goal.

Our Portfolio (Last Week) : 8.59%

Our Portfolio (Lifetime) : 36.82%

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That's it for today. Stay curious & see ya next week! We hope you learned something new.

As always, feel free to share your thoughts and feedback, and don't forget to share our hard work!

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DISCLAIMER: This newsletter is strictly educational and is not an investment advice to buy or sell any assets or to make any financial decisions. Please be careful and do your own research