While Bitcoin (BTC), Litecoin (LTC), XRP, Stellar (XLM), Cardano (ADA), and Tron (TRX) among many other cryptos are in red, Ethereum and Monero are registering greens. Meanwhile, Ron Paul, an ex-US representative, and former presidential candidate called for tax exemption on crypto and precious metals to fight upcoming financial meltdown.
ETH & XMR in Green
AT the time of writing, Bitcoin has been trading at $6,326 while at a 24-hours loss of 0.15 percent. With a market cap of $109.9 billion, it is managing the daily trading volume of $3.7 billion.
Out the of top cryptos, XRP is down by 0.76% at $0.4412, EOS is in red by 0.42% at $5.12. Stellar (XLM) is falling by 0.80% at $0.2234, and Litecoin (LTC) is down by 0.77% at $48.92.
With 1.31% loss, Cardano (ADA) is registering highest losses among the top cryptos at $0.0688 while Tron (TRX) is in red by 0.62% at $0.022. IOTA (MIOTA) is in the red by 0.39% at $0.4509.
Ethereum (ETH) is barely in the green by 0.16% at $197.47 while with 1.09% greens, Monero (XLM) is trading at $102.71.
Dentacoin (DCN) with 14.77% gains is today’s highest gainer at $0.0002 while Revain (R) is losing the most at $0.1966 with 9.67% loss.
Meanwhile, tax exemption on crypto and precious metals is the way to fight financial meltdown, according to Ron Paul, an ex-US representative, and former presidential candidate. In an article, he attacked the US Federal Reserve System calling it “crazy” with its interest rate manipulation stating,
“The Federal Reserve System is as unworkable and doomed to failure as every other form of central planning.”
To fight the imminent collapse he further shared,
“[The first step is] passing the Audit the Fed bill, allowing people to use alternative currencies, and exempting all transactions in precious metals and cryptocurrencies from capital gains taxes and other taxes.”
Also, UK is considering ban on crypto derivatives as Financial watchdog said, “Given concerns identified around consumer protection and market integrity in these markets, the FCA will consult on a prohibition of the sale to retail consumers of all derivatives referencing exchange tokens such as BTC, including CFDs, futures, options and transferable securities.”
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I am an entrepreneur and a writer with a bachelors degree in Computer Science. I manage the blockchain technology and crypto coverages at Coingape. follow me on Twitter at @arya_achal or reach out to me at achal[at]coingape.com.