By : ABP News Bureau | Updated: 17 Dec 2022 10:30 PM (IST)
Bitcoin (BTC) and Ethereum (ETH) — two of the most valued crypto coins — managed to rise above the $16,000 and $1,200 marks, respectively, on early Friday morning. Other popular altcoins — including the likes of Dogecoin (DOGE), Litecoin (LTC), and Ripple (XRP) — landed in the red as overall prices saw minor gains across the board. The Celo (CELO) token emerged to be the biggest gainer, seeing a 24-hour jump of over 8.37 percent. Neutrino USD (USDN), on the other hand, turned out to be the biggest loser.
CLICK HERE TO READ MORE
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 December 16, Bitcoin price stood at $17,409.55, as per CoinMarketCap data. At the time of writing, the global crypto market cap stood at $849.41 billion, registering a loss of 1.31 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, 2022, 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.
Voice Of Global South Summit: PM Modi Bats For ‘Equitable’ Globalisation, Reforms At UNSC
CBI Gets Centre’s Nod To Prosecute Lalu Prasad Yadav In Land-For-Job Scam
‘Weirdest Reason Ever’: Padma Awardee On Air India Pee Gate Accused’s ‘Kathak Dancers Have Issue’ Defence
‘They Should Look At Andaman Jail’: Home Minister Amit Shah Slams West’s ‘Hypocrisy’ On Human Rights
India vs Spain Hockey World Cup 2023 Highlights: India Kick-Off Their WC Campaign With 2-0 Win Over Spain
Cryptocurrency News Live: Most Popular Coins Register Minor Losses – ABP Live
