
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
On Friday, Bitcoin along with other key crypto assets managed to surge a bit in Asia. Besides this, Ohio is braced for becoming the first state in America to accept digital coins for tax payments.
As a matter of fact, on the Investing.com index, Bitcoin headed north by up to 1.58% ending up with a reading of $4,308.7 by 12:41 PM ET. Besides this, the world’s number two crypto asset, Ethereum managed to ascend by about 0.04% trading at $119.02. As for XRP, this digital coin rallied by up to 0.12% being worth $0.38 on the Poloniex exchange.
In addition to this, on the Bitifinex exchange, Litecoin rallied by up to 2.11% coming up with a result of $33.9 .
Bitcoin maintained a minor momentum that was gained in mid-week in the face of a 40% dive in its value since mid-November. In 2018, the market value of Bitcoin has gone down by nearly 80%, and market participants saw a sell-off this month provoked by Bitcoin cash.
On Friday, it was announced that Ohio is braced for becoming the first American state to officially accept crypto assets in tax payments.
Josh Mandel, Ohio’s State Treasurer gave the green light to the crypto world, letting businesses pay taxes utilizing Bitcoin.
So, state officials will enable businesses in Ohio to register as well as settle their tax liabilities online, while crypto payment service provider BitPay is going to process all the payments. As a result, the crypto asset will be converted into American dollars.
Moreover, Mandel told that the move is expected to inspire a wider adoption of crypto assets in the United States.
From his point of view, that’s a good illustration of this concept. While, this idea is just starting to settle in Ohio, but the key objective is to inspire the federal authorities to follow suit.
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
The Reserve Bank of Australia (RBA) will make a statement and release a Cash Rate on February 7, 05:30 GMT+2. It's among the primary tools the RBA uses to communicate with investors about monetary policy.
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
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