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Source: Live Mint Bitcoin surged to a record-breaking high of $107,000, reflecting a nearly 6 per cent increase over the past week. This unprecedented rally was fueled by President-elect Donald Trump’s proposal to establish a Strategic Bitcoin Reserve, modeled after the U.S. Strategic Petroleum Reserve. The announcement has sparked optimism within the cryptocurrency market, signalling…
Source: Live Mint In 2022, the Indian government introduced a flat 30% income tax on gains from cryptocurrencies and Non-Fungible Tokens (NFTs). Investors riding the current rally should be aware of their advance tax and reporting obligations to avoid penalties under the Income Tax (IT) Act. With a 1% TDS deducted on sales of these…
Source: Live Mint Bitcoin tops $89,000. what’s driving the rally? Read Full Article
Source: Live Mint Bitcoin price today: Bitcoin extended last week’s gains as the crypto bulls are setting their sights on the record highs reached in March. Optimism is building around riskier assets and the looming US presidential elections. The original cryptocurrency gained as much as 2.9 per cent to $68,376 on Wednesday, October 16, before…
