Cryptocurrency News Live: Bitcoin, Ethereum Show Signs Of Recovery
Cryptocurrency News Live: Follow this page for the latest updates on major cryptocurrency and NFT news from India and around the world.
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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 September 12, Bitcoin price stood at $21,695.85, as per CoinMarketCap data. At the time of writing, the global crypto market cap stood at $1.05 trillion, registering a dip of 0.76 percent in the last 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. A TDS of 1 percent is 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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Cryptocurrency Price Today: Bitcoin, Ethereum Recover Over The Weekend
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to climb above the $21,000 mark after a drastic dip seen last week. Ethereum (ETH), the second most-valued crypto coin after Bitcoin, rose above the $1,700 mark. Most other popular altcoins, including the likes of Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC) found themselves in the reds on Monday morning. Among lesser-known altcoins, the ApeCoin (APE) token emerged to be the biggest gainer in the last 24 hours.
Elon Musk Hit By Crypto Scam Posts
Elon Musk on Monday was spammed by hacked verified accounts along with non-verified accounts sharing links to crypto scams, as he shared an update about Tesla's latest version of full self-driving (FSD) Beta. Several of these accounts were bots but some were also hacked verified Twitter accounts.
IITs To Provide Crypto, Blockchain, NFT Courses
Web 3.0, Blockchain, Cryptocurrency, Metaverse and NFT are future-centric technology-based courses. Such educational programmes are being developed in India by TimesPro in collaboration with leading industry partners and Indian Institutes of Technology (IITs). Students, who would complete these new age technology-based courses, will be issued certificates by institutes like IIT-Delhi, IIT-Roorkee and IIT-Ropar. Even the IIT faculties are also being involved in designing many of these technology-based courses.
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