Cryptocurrency News Live: BAYC NFTs Get Featured On Eminem, Snoop Dogg's Latest Music Video
Cryptocurrency News Live: Follow this page for the latest updates on major cryptocurrency and NFT news from India and around the world.
Global crypto exchange FTX has clarified that it is not in active talks to acquire Silicon Valley-based online trading app Robinhood, the media reported on Tuesday.
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Two of Bored Ape Yacht Club (BAYC) NFT collection's most influential owners — Eminem and Snoop Dogg — have featured Bored Ape art in the music video of their latest collab, “From The D 2 The LBC.” The hip-hop artists debuted their music video at this year’s ApeFest. Within just four days of its release, “From The D 2 The LBC” has already garnered over 10 million views on YouTube.
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Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has been a staunch supporter of cryptocurrencies for years. His tweets on cryptos, often eccentric, had an immediate impact on the overall crypto market, sending prices soaring high on most occasions, and also tumbling in some cases. He has mostly come out in support of meme-based altcoin Dogecoin (DOGE), even going to the extent of adopting the nickname “Dogefather” to show his allegiance. As Musk celebrates his 51st birthday on June 28, here’s a look at some of his most memorable tweets on crypto over the years.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, dipped below the $21,000 mark. Bitcoin is currently priced at $20,712.35, as per CoinMarketCap data. BTC was on a steady path of recovery over the past week following an unprecedented plunge last weekend, which saw the cryptocurrency’s price dip below $18,000. Despite the recent dip, Bitcoin still managed to stay above the $20,000 mark as of June 28. Along with BTC, several other major crypto coins, including the likes of Ethereum (ETH) and Dogecoin (DOGE), also registered dips. On the other hand, PAPPAY saw a considerable 24-hour gain, along with several other lesser-known altcoins.
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Background
Cryptocurrency still remains a mystical subject for many keen investors in India. While cryptos are slowly gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender, there are still a sizeable number of people who wish to invest in crypto, but aren't able to closely track breaking and developing news in the sector, which will help them 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 noteworthy declarations, follow this live blog to stay updated with all the latest happenings in the world of crypto.
While there are many cryptocurrencies to explore, Bitcoin (BTC) is the most popular as it is the world's oldest and most valued crypto coin. As of June 28, Bitcoin price stood at $20,712, as per CoinMarketCap data. At the time of writing, the global market cap of the crypto market stood at $939.93 billion, registering a 2.11 percent dip in the past 24 hours.
While cryptocurrency is unregulated in India, cryptocurrencies are clubbed under virtual digital assets (VDAs). Under the new tax regime that went into effect on April 1 this year, VDAs attract taxation of 30 percent on gains. Starting July 1, a TDS of 1 percent will be applied on top of that.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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