Mon 12/25

Good Morning. 2023 is almost here and no "new year, new me" for us 💀. We plan on staying the same and providing you with great news thrice a week. Anyway, Tamil Nadu will register complaints on blockchain now, Indian crypto exchanges are badly hit and the 2023 World crypto conference will be in Switzerland.

• Visits To Wazir X, Coindcx, Coinswitch Kuber, And Zebpay Fell 80%: Visits to Indian exchanges Wazir X, CoinDCX, CoinSwitch Kuber, and ZebPay fell 80% between Feb. 1 – when Prime Minister Narendra Modi’s government announced a 30% tax on crypto profits and a 1% tax deducted at source (TDS) on all transactions – and Oct. 31, according to SimilarWeb. App downloads fell 93%, AppTweak shows. “The real killer has been the 1% TDS on each transaction,” said Ajeet Khurana, a crypto analyst and founder of Web3 platform Reflexical. “Because effectively this tax tells people not to transact. This has dampened sentiments the most.”

• Tamil Nadu Becomes The First Government To use Blockchain for complaints, grievances: The Tamil Nadu Idol Wing CID has launched a unique digital platform – the first of its kind initiative on Blockchain – to receive anonymous information on idol smuggling, possession, sale of illicit antique idols, the Idol Wing said on Friday. “Besides, the staff of Idol Wing can also submit their grievances on the Blockchain, which is also the first of its kind. The public can lodge their complaints on the decentralised Blockchain at: “complaints.tnidols.com” Idol Wing DGP K Jayanth Murali said.

• Binance Failing to Get US Exchange Listings for BNB Is Yellow Flag for Crypto Analysts: The BNB token, with a market cap of around $40 billion, has failed to win a listing on major U.S. crypto exchanges – except on Binance. US. Crypto analysts say it might be due to risks that BNB could be deemed a security by U.S. regulators. Binance offers a burn program, introduced in late 2021, called “BNB Burn,” and U.S. Securities and Exchange Commission recently called "buy-and-burn" program as an example of how a token might be intended to serve as an investment

• Bnb Chain Unique Wallets Surpass Ethereum, Becomes Largest L1 Blockchain: Unique addresses on the BNB Chain crossed 230 million, surpassing Ethereum and becoming the “largest layer 1 blockchain in the world,” according to a company statement. Meanwhile, the network also witnessed “record-breaking highs” in transactional volume — reaching 9.8 million transactions in May. To support the growth of Web3 decentralized applications (Dapps), BNB Chain introduced multiple development support programs, including “the Builder Grant and the $10 Million Gas Fee Incentive.”

• World Crypto Conference 2023 To Take Place in Switzerland: The World Crypto Conference will bridge traditional finance and DeFi products It’s an international conference focusing on blockchain, digital currencies, and digital assets. The goal of the WCC is to facilitate a connection between blockchain companies & startups, developers, investors, media, and traditional corporates. It starts on 13 January and ends on 15 January 2023.

Web3 Full-stack Blockchain Developer At FXDX

What Is Blockchain?: Blockchain is a secure database shared across a network of participants, where up-to-date information is available to all participants at the same time. Blockchain allows for the permanent, immutable, and transparent recording of data and transactions. This, in turn, makes it possible to exchange anything that has value, whether that is a physical item or something less tangible.