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 spend money on crypto, however aren’t capable of intently 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 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 most recent happenings on the earth of crypto.
Whereas there are a lot of 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 6, Bitcoin value stood at $20,249.54, as per CoinMarketCap knowledge. On the time of writing, the worldwide market cap of the crypto market stood at $898.68 billion, registering a dip of 1.51 p.c previously 24 hours.
Whereas cryptocurrency is unregulated in India, cryptocurrencies are clubbed below digital digital belongings (VDAs). Below the brand new tax regime that went into impact on April 1 this 12 months, VDAs entice taxation of 30 p.c on positive aspects. A TDS of 1 p.c might be utilized on prime 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 just isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt professional recommendation and skim provide doc(s) together with associated necessary literature on the topic rigorously earlier than making any form of funding in any respect. Cryptocurrency market predictions are speculative and any funding made shall be on the sole price and threat of the readers.