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 intently observe 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 most recent happenings on the earth 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 20, Bitcoin worth stood at $23,421.06, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $1.06 trillion, registering a acquire of 4.23 % prior to now 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 % on beneficial properties. A TDS of 1 % can 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 is just not 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 fastidiously earlier than making any type of funding by any means. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and threat of the readers.