Live cryptocurrency news: The majority of traded coins post modest gains

Many savvy investors in India still find cryptocurrency to be a mysterious topic. A sizable number of people still want to invest in cryptocurrencies but are unable to closely follow breaking and developing news in the space, which will help them take note of price movements, major sell-offs, and announcements of new blockchain-based developments. This is true even though cryptos are gradually gaining recognition from investors and regulators alike, with countries and leading brands adopting it as an official tender.

We're here to help with this live news blog. Follow our live blog to remain up to date with all the latest developments in the world of cryptocurrency, from significant market losses to remarkable pronouncements.

While there are many different cryptocurrencies to investigate, Bitcoin (BTC) is the most well-known because it is the oldest and most valuable cryptocurrency in existence. As of December 13, according to data from CoinMarketCap, the price of one bitcoin was $17,179.40. The market capitalization of all cryptocurrencies was $848.37 billion at the time of writing, up 0.87 percent over the previous day.

While unregulated in India, cryptocurrencies are included in the category of virtual digital assets (VDAs). The new tax system, which entered into effect on April 1, 2022, taxes gains from VDAs at a rate of 30%. On top of that, a TDS of 1% is added.