Cryptocurrency News Live: Bitcoin, Most Popular Coins Stay Stable on Diwali
by Shawn Johnson October 24, 2022 in Cryptocurrency
Cryptocurrency News Live: Bitcoin, Most Popular Coins Stay Stable on Diwali
Cryptocurrency still remains a mysterious topic for many curious investors in India. Although crypto is slowly gaining recognition from investors and regulators alike, with countries and major brands adopting it as an official tender, there are still a large number of people who want to invest in crypto, but are still looking to invest in crypto. And haven’t been able to track growth closely. News in the region, which will help them stay focused on price movements, major selloffs, and announcements of new blockchain-based developments.
This live news blog is here to help. Follow this live blog to stay updated with all the latest happenings in the world of crypto, from major market losses to noteworthy announcements.
While there are many cryptocurrencies to explore, Bitcoin (BTC) is the most popular as it is the oldest and most valuable crypto coin in the world. According to data from CoinMarketCap, the price of bitcoin as of October 24 was $19,312.47. At the time of writing, the global crypto market cap stood at $930.57 billion, registering a jump of 0.76 in the last 24 hours.
While cryptocurrency is unregulated in India, cryptocurrencies are clubbed under Virtual Digital Assets (VDA). Under the new tax regime that came into effect from April 1 this year, VDAs attract taxation of 30 per cent on profits. TDS of 1% is levied on it.
Disclaimer: Crypto products and NFTs are unregulated and can be extremely risky. There can be no regulatory recourse for any loss arising from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice before making any kind of investment and carefully read the offer document(s) along with relevant important literature on the subject. Cryptocurrency market predictions are speculative and any investment made will be at the readers’ sole cost and risk.
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Source: news.google.com
