The Bharat Web3 Association (BWA) has laid down some rules for service providers in the crypto sector to adhere to. The self-regulatory guidelines are based on the PEC framework, that focusses on investor protection, market efficiency as well as credibility and safeguards.
BWA Lays Down Self-Regulatory Guidelines on Token Listings for Indian Crypto Exchanges
Bitcoin Price Above $61,000, Ether and Majority Altcoins See Losses Ahead of BTC Halving
Bitcoin and Ether stepped into the trading rink on Friday, trading in losses. Majority cryptocurrencies including Ripple, Dogecoin, Cardano, and Shiba Inu saw losses on April 19. This volatility is expected to continue for the weeks to come now that Bitcoin’s halving process is close to being triggered.
Bitcoin Halving 2024: Analysts Predict Drop in Bitcoin Dominance, Altcoins Engagement Could Spike
Bitcoin is gearing to undergo a halving event in the next few days. This process slashes the BTC rewards that miners earn to validate transactions on the blockchain by half – reducing their incentive to mine newer blocks rapidly. This slows down the addition of new tokens in circulation.
Binance Plans to Get India Ban Revoked, Working on Compliance Mandates: Report
Binance is looking to re-enter the Indian market, but this time as an entity registered by the Financial Intelligence Unit (FIU). The exchange is also reportedly gearing up to pay $2 million (roughly Rs. 16.7 crore) to the Indian government in penalties.
Crypto Mining Operations Face Crackdown in Norway With New Regulations for Data Centres
Norway is tightening its noose around crypto mining operations in the country. Over the last year, Norway emerged as one of Europe’s largest locations hosting crypto miners. The main incentive for miners to flock to Norway was the provision of affordable electricity.
Adidas and Stepn Grant Limited Genesis NFT Sneakers to Web3 Customers via Mooar Marketplace
Adidas has entered into a partnership with Stepn, which is a Solana-based move-to-earn application. The collection is named Stepn x Adidas Genesis Sneakers and it offers 1,000 NFTs inspired by the brand’s designs.
Bitcoin, Ether Clock Small Gains Alongside Solana, Cardano as Most Altcoins Bag Profits
The crypto market valuation, in the last 24 hours, rose by 2.34 percent. Bitcoin and Ether both reflected gains on Wednesday on national as well as international exchanges. Most altcoins followed BTC and ETH on the profit-making side of the crypto chart.
Metaverse Experience Centre With VR, AR and Immersive Technologies Launched in Noida
Indian metaverse research and advisory firm Metaverse911 has launched its Metaverse Experience Centre in Noida. Here visitors will be able to indulge in immersive technologies that include AR and VR that make for essential metaverse components.
Crypto Tax Compliance in India ‘Very Low’, Clearances Imperative to Gain Government’s Trust: Taxnodes CEO
Avinash Shekhar, the CEO of Taxnodes has pointed out that crypto tax compliance in India has continued to be ‘very low’ since these taxes were levied back in 2022. He has reminded the community that discipline and compliance is the way to gain the government’s trust on India’s crypto circle.
Bharat Web3 Association Teams Up With Japan’s JADA to Boost Sector Growth
India’s Bharat Web3 Association (BWA) has struck a partnership deal with the Japan ANICANA Dealers Association (JADA) will now work together to foray deeper into Web3-related research and development.