Cryptocurrency News Live: Bitcoin Rises Above $19,000

Cryptocurrency News Live: Follow this page for the latest updates on major cryptocurrency and NFT news from India and around the world.

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 29, Bitcoin price stood at $19,519.37, as per CoinMarketCap data. At the time of writing, the global crypto market cap stood at $943.80 billion, registering a gain of 3.12 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.

12:16 PM (IST)  •  29 Sep 2022

Cryptocurrency Price Today: Ethereum Shows Signs Of Recovery

Bitcoin (BTC), the oldest and most valued cryptocurrency in the world, managed to climb above the $19,000 mark on September 29. Ethereum (ETH), too, showed signs of recovery, seeing a nearly 5 percent jump over the last 24 hours. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — managed to land in the greens across the board. Among lesser-known altcoins, the Helium (HNT) token emerged to be the biggest gainer, with a 24-hour jump of nearly 12 percent. 

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12:15 PM (IST)  •  29 Sep 2022

Kolkata Fraud Gaming App Case: ED Seizes Bitcoin Worth Rs 12.83 Crore

The Enforcement Directorate (ED) probing mobile gaming app E-Nuggets in a fraud case seized Bitcoin worth Rs 12.73 crore owned by Amir Khan, the prime accused arrested in the matter. The development came just hours after Kolkata Police confiscated Rs 14.53 crore from a cryptocurrency wallet of Amir Khan. However, the Bitcoin worth Rs 12.73 crore seized by the ED was not directly held by Khan, who instead used the cryptocurrency wallet of a local businessman to maintain the reserve against a commission.

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