Cryptocurrency still remains a mystical subject for many avid investors in India. While cryptos are slowly gaining recognition from investors and regulators, with countries and leading brands adopting them as official tenders, there are still many people who want to invest in crypto, but can’t keep track of it closely and thrive. news in the sector, which will help to take note of price movements, major sell-offs, and announcements of new blockchain-based developments.
This live news blog is here to help. From major market losses to important declarations, follow this live blog to stay updated with all the latest happenings in the crypto world.
While there are many cryptocurrencies to explore, Bitcoin (BTC) is the most popular because it is the oldest and most valuable crypto coin in the world. While Bitcoin was able to float above the $ 22,000 mark in early July 8 morning, at the time of writing, BTC saw a small decline and was priced at $ 21,983.43, according to CoinMarketCap data. The global market capitalization of the crypto market stood at $ 972.80 billion, registering a 6.12 percent gain in the past 24 hours.
While cryptocurrencies are not regulated in India, cryptocurrencies are collected in virtual digital assets (VDAs). Under the new tax regime that goes into effect on April 1 this year, VDAs pull a 30 percent tax on profits. A 1 percent TDS will apply above.
Disclaimer: Crypto and NFT products are not regulated and can be very risky. There is no regulatory recourse for the loss of such transactions. Cryptocurrency is not a legitimate tender and is subject to market risk. Readers are advised to seek expert advice and read the offer document along with the relevant relevant literature on the subject carefully before making any investment. Cryptocurrency market predictions are speculative and any investment you make will be a cost and risk to the reader.