Cryptocurrency nonetheless stays a mystical topic for a lot of eager buyers in India. Whereas cryptos are slowly gaining recognition from buyers and regulators alike, with international locations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to spend money on crypto, however aren’t in a position to carefully monitor breaking and growing information within the sector, which can assist them pay attention to value actions, main sell-offs, and bulletins of recent blockchain-based developments.
This stay information weblog is right here to assist. From main market losses to noteworthy declarations, comply with this stay weblog to remain up to date with all the newest happenings on the earth of crypto.
Whereas there are a lot of cryptocurrencies to discover, Bitcoin (BTC) is the preferred as it’s the world’s oldest and most valued crypto coin. As of October 13, Bitcoin value stood at $19,090.13, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $914.77 billion, registering a achieve of 0.03 % within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed beneath digital digital belongings (VDAs). Beneath the brand new tax regime that went into impact on April 1 this 12 months, VDAs appeal to taxation of 30 % on good points. A TDS of 1 % is utilized on prime of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and may be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and skim provide doc(s) together with associated vital literature on the topic rigorously earlier than making any sort of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and threat of the readers.