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 monitor breaking and growing information within the sector, which is able to assist them be aware of worth actions, main sell-offs, and bulletins of latest blockchain-based developments.
This dwell information weblog is right here to assist. From main market losses to noteworthy declarations, comply with this dwell weblog to remain up to date with all the newest happenings on the planet of crypto.
Whereas there are lots of cryptocurrencies to discover, Bitcoin (BTC) is the preferred as it’s the world’s oldest and most valued crypto coin. As of August 18, Bitcoin worth stood at $23,452.67, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $1.12 trillion, registering a dip of two.72 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 yr, VDAs appeal to taxation of 30 p.c on features. A TDS of 1 p.c shall be utilized on prime of that.
Disclaimer: Crypto merchandise and NFTs are unregulated and might 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 supply doc(s) together with associated necessary literature on the topic rigorously earlier than making any type of funding in any way. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.