Ohio to accept tax payments in Bitcoin – November 26

Current Bitcoin Price: $3707 (as of 2:00 PM PST)

Since we last published a newsletter, the market has fallen a further chunk. In fact, it’s down about 20% from last week following major swings in the price of Bitcoin.

Over the last 24 hours, Bitcoin itself is down 8% following some downside resistance earlier in the day, while XRP and Ethereum are down 5.5% and 9.1% respectively.

Top Bitcoin & Crypto News Stories for 26th November 2018

Ohio to accept tax payments in Bitcoin

Last year there was talk of Bitcoin beings accepted as a form of tax payment in some US states, but nothing ever came of it. Nevertheless, the prospect remained an exciting one as it would demonstrate a significant amount of governmental acceptance for cryptocurrencies.

In an exciting move, Ohio will be the first state to accept tax payments — including everything from sales tax to wage withholding taxes — in the form of Bitcoin by means of OhioCrypto.com

Thousands of Chinese miners halt operations

As cryptocurrencies prices drop across the board, it becomes less and less profitable for miners — those who sacrifice their computing power to fuel the networks — to continue their operations.

So, since Bitcoin’s recent price drop amounting to almost 50%, over 600 thousands miners from China have halted their operations.

IOTA team conducting AMA

With all the noise out there in the cryptocurrency space, there’s nothing better than having the chance to ask your favorite projects’ teams all of your pressing questions.

If you’re an IOTA fan, you’ll be glad to know that the IOTA team is currently hosting an AMA — an Ask Me Anything — over at Reddit.