{"id":26113,"date":"2023-10-23T04:26:57","date_gmt":"2023-10-23T04:26:57","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=26113"},"modified":"2023-10-23T09:39:23","modified_gmt":"2023-10-23T09:39:23","slug":"day-9-of-navratri-future-of-crypto","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/day-9-of-navratri-future-of-crypto","title":{"rendered":"Day 9 of Navratri: The Future of the Crypto Landscape"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/day-9-of-navratri-future-of-crypto\/#Regulatory_Developments\" title=\"Regulatory Developments\">Regulatory Developments<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/day-9-of-navratri-future-of-crypto\/#Institutional_ETFs\" title=\"Institutional ETFs\">Institutional ETFs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/day-9-of-navratri-future-of-crypto\/#Bitcoin_Halving\" title=\"Bitcoin Halving\">Bitcoin Halving<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/day-9-of-navratri-future-of-crypto\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>In the previous 8 blogs of the Navratri knowledge series, we have covered various topics related to the Crypto Space. In the final blog of this series, let us dive into the future prospects of the Crypto Industry and learn about a few notable events that are likely going to take place in the near future.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regulatory_Developments\"><\/span>Regulatory Developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The recent G-20 summit where India held the presidency initiated several important conversations around Crypto. Notable statutory bodies such as the IMF and IOSCO(International Organization of Securities Commission) have published several papers regarding the way forward for Crypto. These papers broadly included the measures to mitigate risks of black swan events, the overall impact of Crypto on the economy, common standards to be achieved, the agenda to frame comprehensive guidelines, and applicable laws that can be enforced in local jurisdictions among many others.&nbsp;<\/p>\n\n\n\n<p>We are yet to see these recommendations being shaped into laws. 2024 will be a pivotal year for Crypto as these recommendations will be discussed further with hopefully concrete decisions being taken.<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/in\/blog\/g20-discussions-on-crypto-regulations\" target=\"_blank\" rel=\"noreferrer noopener\">G20 Discussions on Crypto Regulation<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Institutional_ETFs\"><\/span>Institutional ETFs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An Exchange Traded Fund ( ETF) of Bitcoin is a simple and compliant way to trade the Bitcoin Price without actually owning the asset. ETFs mirror the price of the asset. So when you buy an ETF you are not buying Bitcoin but owning a mirror of the Bitcoin price. In the U.S., major institutions like BlackRock, Fidelity, and Invesco have applied with the Securities Exchange Commission( SEC) to file Bitcoin ETFs. As of October 2023, the SEC is yet to approve the Spot Bitcoin ETF.&nbsp;<\/p>\n\n\n\n<p>Bitcoin ETF is a simpler way to trade on the Bitcoin price as it removes the burden of security and storage. This is advantageous to the investors and the institution managing the ETF. Although creating an account on an exchange like <a href=\"https:\/\/zebpay.com\/in\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay<\/a> is a very quick and straightforward process, ETFs are a new way to gain exposure to the crypto market without actually purchasing the underlying asset. 2024 could be a landmark year for Spot Bitcoin ETFs as approvals of these ETFs could increase participation massively.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Bitcoin_Halving\"><\/span>Bitcoin Halving<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/zebpay.com\/in\/blog\/what-is-bitcoin-halving\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin halving<\/a> represents a pivotal event occurring at four-year intervals. In essence, it signifies that every four years, the quantity of Bitcoins awarded to miners for adding a block to the Bitcoin blockchain is reduced by half. This is a very important event as Bitcoin is a deflationary asset with its supply reducing over time. The supply of Bitcoin is determined by the blockchain protocols which have already been predefined and cannot be changed.\u00a0<\/p>\n\n\n\n<p>The upcoming Bitcoin halving is scheduled to happen most likely in April 2024, at which point the mining reward for each block will decrease to 3.125 BTC, which is half of the current block reward of 6.25 BTC. This reduction will continue every four years until the final Bitcoin is mined in the year 2140.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Crypto industry is going through transformative changes both from a technological and a regulatory perspective. Although the market is relatively new, it has transformed massively in a short time. We recommend all crypto enthusiasts stay up to date on the latest crypto news and make informed investment decisions.&nbsp;<\/p>\n\n\n\n<p>Read more: <a href=\"https:\/\/zebpay.com\/in\/blog\/day-8-of-navratri-due-diligence-crypto-investing\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/zebpay.com\/blog\/day-8-of-navratri-due-diligence-crypto-investing\" rel=\"noreferrer noopener\">Navratri Crypto Day 08<\/a><\/p>\n\n\n\n<p>With that said, we mark a happy ending to the Navratri series. Do share these blogs with like-minded crypto enthusiasts who want to learn about Crypto. Click on the banner below and join the millions of traders participating in the Navratri Celebrations. Happy trading!<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a href=\"https:\/\/zebpay.com\/in\/navratri-crypto-trading-utsav?utm_source=blog&amp;utm_medium=banner&amp;utm_campaign=navratri\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" width=\"1024\" height=\"512\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/10\/Navratri-Crypto-Banner-Day-09-1024x512.jpg\" alt=\"Navratri Crypto Banner Day 09\" class=\"wp-image-26114\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/10\/Navratri-Crypto-Banner-Day-09-1024x512.jpg 1024w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/10\/Navratri-Crypto-Banner-Day-09-300x150.jpg 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/10\/Navratri-Crypto-Banner-Day-09-768x384.jpg 768w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/10\/Navratri-Crypto-Banner-Day-09-150x75.jpg 150w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2023\/10\/Navratri-Crypto-Banner-Day-09.jpg 1062w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the previous 8 blogs of the Navratri knowledge series, we have covered various topics related to the Crypto Space. In the final blog of this series, let us dive into the future prospects of the Crypto Industry and learn about a few notable events that are likely going to take place in the near [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":26115,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14],"tags":[16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/26113"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=26113"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/26113\/revisions"}],"predecessor-version":[{"id":26116,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/26113\/revisions\/26116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/26115"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=26113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=26113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=26113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}