While Bitcoin (BTC), Litecoin (LTC), XRP, Stellar (XLM), Cardano (ADA) and Tron (TRX) among many other cryptos are in red, Ethereum and Monero are recording greens. Meanwhile, Ron Paul, a former US representative, and former presidential candidate, has applied for tax exemptions on cryptocurrencies and precious metals to combat the imminent financial meltdown.
ETH and XMR in green
At the time of writing, Bitcoin was trading at $ 6,326 while at 24-hour loss of 0.15%. With a market capitalization of $ 109.9 billion, it manages the daily trading volume of $ 3.7 billion.
Out of the top cryptos, XRP is down 0.76% to $ 0.4412, EOS is 0.42% red at $ 5.12. Stellar (XLM) is down 0.80% to $ 0.2234 and Litecoin (LTC) is down 0.77% to $ 48.92.
With a loss of 1.31%, Cardano (ADA) records the highest losses among the best scrambled at $ 0.0688 while Tron (TRX) is in the red of 0.62% to $ 0.022. The IOTA (MIOTA) is in the red of 0.39% to $ 0.4509.
Ethereum (ETH) is barely in the green of 0.16% to $ 197.47 while with 1.09% of green, Monero (XLM) is trading at $ 102.71.
Dentacoin (DCN) with gains of 14.77% is today's highest gain at $ 0.0002 while Revain (R) is losing more at $ 0.1966 with a loss of 9.67%.
Meanwhile, tax exemption on crypts and precious metals it's the way to fight the financial meltdown, according to Ron Paul, a former US representative, and former presidential candidate. In an article, he attacked the US Federal Reserve system calling him "crazy" with his manipulation of interest rates by stating,
"The Federal Reserve system is impractical and doomed to failure like any other form of central planning."
To combat the imminent collapse he further shared,
"[The first step is] pass the audit to the Fed's law, allowing people to use alternative currencies and exempting all precious metal transactions and cryptocurrencies from taxes on capital gains and other taxes. "
Also, The United Kingdom is considering the ban on encrypted derivatives As noted by the Financial Watchdog, "taking into account concerns about consumer protection and market integrity in these markets, the FCA will consult the ban on selling to retail consumers of all derivatives that refer to exchange tokens such as BTCs, including CFDs, futures, options and transferable securities. "