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 nations 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 creating information within the sector, which is able to assist them be aware of 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, observe this stay weblog to remain up to date with all the most recent 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 August 15, Bitcoin value stood at $24,857.88, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $1.19 trillion, registering a achieve of 0.98 p.c previously 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed beneath digital digital property (VDAs). Underneath the brand new tax regime that went into impact on April 1 this 12 months, VDAs appeal to taxation of 30 p.c on positive aspects. A TDS of 1 p.c will likely be utilized on high of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and could 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 skilled recommendation and browse provide 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.