Cryptocurrency News Live: TerraClassicUSD Remains Top Gainer Two Days In A Row

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 capable of intently monitor breaking and creating information within the sector, which can assist them pay attention to value 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 this planet of crypto.

Whereas there are numerous cryptocurrencies to discover, Bitcoin (BTC) is the preferred as it’s the world’s oldest and most valued crypto coin. As of October 12, Bitcoin value stood at $19,059.96, as per CoinMarketCap information. On the time of writing, the worldwide crypto market cap stood at $919.36 billion, registering a acquire of 0.03 p.c within the final 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 positive factors. A TDS of 1 p.c is utilized on high of that. 

Disclaimer: Crypto merchandise and NFTs are unregulated and will be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency shouldn’t be a authorized tender and is topic to market dangers. Readers are suggested to hunt skilled recommendation and skim provide doc(s) together with associated essential 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 value and danger of the readers.