Cryptocurrency nonetheless stays a mystical topic for a lot of eager traders in India. Whereas cryptos are slowly gaining recognition from traders and regulators alike, with nations and main manufacturers adopting it as an official tender, there are nonetheless a sizeable quantity of people that want to put money into crypto, however aren’t in a position to intently monitor breaking and creating information within the sector, which can assist them be aware of value actions, main sell-offs, and bulletins of recent blockchain-based developments.
This reside information weblog is right here to assist. From main market losses to noteworthy declarations, observe this reside weblog to remain up to date with all the newest happenings on the planet of crypto.
Whereas there are various cryptocurrencies to discover, Bitcoin (BTC) is the most well-liked as it’s the world’s oldest and most valued crypto coin. As of July 7, Bitcoin value stood at $20,445.21, as per CoinMarketCap information. On the time of writing, the worldwide market cap of the crypto market stood at $917.82 billion, registering a achieve of two.49 p.c up to now 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed underneath digital digital belongings (VDAs). Below the brand new tax regime that went into impact on April 1 this yr, VDAs entice taxation of 30 p.c on positive aspects. A TDS of 1 p.c shall be utilized on prime of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency will not be a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and browse provide doc(s) together with associated necessary literature on the topic fastidiously earlier than making any form of funding in any way. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and threat of the readers.
