Global ban on currency trading, cryptocurrency price decline

In April this year, the Central Bank of India issued a notice that prohibiting subordinate financial institutions from engaging in cryptocurrency transactions. Since then, complaints against this rule have poured into courts across the country. On Thursday, May 17, the Supreme Court of India accepted the proposal of Shyam Divan, Legal Advisor of the Reserve Bank of India, to retain all cases and ban all state-level courts from accepting any further complaints.

There were some tensions in the complaint submitted after the central bank issued the notice. Because, despite the central bank’s prohibition on dealing with cryptocurrencies, cryptocurrency is not expressly prohibited under Indian law and many people think this is unfair.

Global ban on currency trading, this ban includes about 1,500 digital currencies including Bitcoin. Cryptocurrency price decline, Bitcoin decline 3.01% today, and DaxxCoin price also decline 3.14%. According to Citicoins, the cryptocurrency market fell in the early hours of this morning. In the cryptocurrency with the top 10 market capitalization, TRX rose, with the current gain of 4.04% and the price of US$0.08. Yesterday, DragonEx supported TRON main network update and Token relocation, TRX market value rose to the ninth place in the world, and there is the possibility of continuing to climb beyond the eighth.

Here is some currencies perform today:

Cardono is not only a cryptocurrency, but a technology platform. The platform is being built in layers, making the system easier to maintain and allowing upgrades via soft forks. After Ada’s settlement layer is built, it will separate and build computing layers to handle smart contracts. These digital legal agreements will provide support for future businesses. Cardano will also run distributed applications. Services will not be controlled by any party, but will operate in a blockchain fashion.

One of Cardono’s major innovations is the ability to bridge the gap between users and regulatory needs, further integrating privacy and regulation. Cardano’s vision is that by providing fair financial services for all, its new managed computing will bring more financing inclusiveness. Cardono uses a revolutionary new equity proof algorithm called Ouroboros.

Cardano price today traded down 7.51%, and now on May 24, Cardano price at $0.196002 USD. Has a maket cap of $5,081,757,680 USD. Cardano its 24 hours trading volume has $114,946,000 USD.

Dash: Dash price today down 5.04%, price at $330.32 USD. Dash was born on January 18, 2014 and is more anonymous than Bitcoin. The biggest advantage of Dash comes from its master node network. This two-tiered network gives it the innovative capabilities that Bitcoin does not have, enabling it to develop features such as instant delivery, anonymous delivery, and the Dash budget system. This team is excellent in terms of innovation and effective. In addition, it has fully invested in the R&D of the World Bank.

C-Bit price today decline 2.11%, price at $0.001304. C-Bit is a parallel bitcoin of the original blockchain. This new blockchain will be developed independently of Bitcoin — more centralized in a managed way — while allowing the original Bitcoin to return to the irs scattered vision. It using modern Bitcoin source code as a starting point, when Bitcoin is updated in the future, C-Bit will also automatically update, ensuring that C-bits are always in sync with each Bitcoin patch, repaired and updated for maximum compatibility.

BitBar : BitBar price today decline 17.49% of $12.40% USD. BitBar was released on May 2, 2013, ranks 1109, has a market cap of $463,455 USD. Has a value of $151 USD in 24 hours trading volume. The total amount was low but unit price is high.

bitGold: It seems today bitGold price is not influenced by this ban and rise 4.08%. What is bitGold? Nick Szabo invented the decentralized digital currency system Bit Gold (Byte Gold). BitGold is a system that likes bitcoin, participants can contribute computing power to solve the encryption puzzle.

Boostcoin: Boostcoin is a new currency that uses a new algorithm to defend machine gun pools and miners. The official said it was the first POS/POW X13 coin. 1% of pre-exploded currency as a reserve fund for development and promotion. In addition, 15 growth coins in each block produced in the POW phase are allocated to the growth funds for long-term maintenance. The POW mining phase has been completed and can only be mined through POS. The current wallet has completed anonymous integration of Tor, and can use the BOST wallet as a Tor proxy on the computer.

Boostcoin price today rise 2.22%, price about $0.017304, has a market cap of $205,149 USD. Its 24 hours trading volume has $1,169 USD and total supply 11,855,487 BOST.

Global encrypted digital currency is now worth 400 billion U.S. dollars, but this figure is likely to expand rapidly in the next or two year to reach the trillion-dollar level.