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 put money into crypto, however aren’t in a position to carefully monitor breaking and growing information within the sector, which can assist them be aware of worth 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 September 30, Bitcoin worth stood at $19,434.74, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $942.17 billion, registering a dip of 0.21 % within the final 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed underneath digital digital property (VDAs). Beneath the brand new tax regime that went into impact on April 1 this 12 months, VDAs entice taxation of 30 % on positive factors. A TDS of 1 % is 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 isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt skilled recommendation and skim supply doc(s) together with associated vital literature on the topic rigorously earlier than making any form of funding in anyway. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.