By : ABP News Bureau | Updated: 20 Sep 2022 03:50 PM (IST)
International NFT Day is being celebrated all across the globe today, September 20. On this day in 2017, Dete Shirley, the Chief Technical Officer of Dapper Labs, published ERC-721 — the standard from which non-fungible tokens are built. The term NFT was first coined in this proposal. The global NFT community considers this event as the “birth of NFT” and hence the day is celebrated as International NFT Day.
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Bitcoin (BTC), the world’s oldest and most valued crypto coin, managed to climb above the $19,000 mark, showing signs of recovery after a few days of slump. Ethereum (ETH), on the other hand, failed to climb above the $1,400 mark on Tuesday morning, continuing to see a post-Merge bear run. Other popular altcoins, including the likes of Dogecoin (DOGE), Ripple (XRP), and Litecoin (LTC), landed in the greens on early Tuesday morning. The TerraClassicUSD (USTC) token emerged to be the biggest gainer of the lot, with a 24-hour gain of over 16 percent.
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The Delhi High Court on Monday allowed an appeal by Tata Sons Private Ltd to grant an ad-interim injunction against Hakunamatata Tata Founders and others using the former’s trademark for doing online trading in cryptocurrency ‘TATA Coin.’ A bench of Justices Manoj Kumar Ohri and Mukta Gupta, in the order, noted that “the appellant (Tata) is known for the quality of its goods and services. Any dubious and inferior products sold through the respondents’ website, using the appellant’s trademark, can seriously damage its credibility”.
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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 20, Bitcoin price stood at $19,316.35, as per CoinMarketCap data. At the time of writing, the global crypto market cap stood at $934.42 billion, registering a gain of 2.59 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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