The latest cryptocurrency news shows that aside from Bitcoin and its recent swing, there are many altcoins which we need to focus on because of their growth. TRON, Stellar and Litecoin are among them, as ones of the top 20 cryptocurrencies that have been rising overnight.
Stellar (XLM) has seen gains of more than 15% against the USD and has risen to the $0.17 mark. Litecoin (LTC) also saw a lot of green action lately and about 10% in the past 24 hours, rising to the $35 margin. Tron (TRX) was the obvious winner in terms of growth, securing a 25% increase overnight and coming closer to the $0.015 margin.
Litecoin price seems to have begun to pick up a new momentum. Despite the initial sell-off, a simultaneous price-rise in Bitcoin actually meant the market capitalization of the cryptocurrency rose during the same period.
Litecoin recovered and saw a significant increase of about $500 million over the entire 24 hour period, with more than $150 million of that against USDT. Monero and Zcash were the other altcoins that were rising over the past 24 hours, in a momentum from 10% to 16%.
No one knows if this rally will continue. However, we are seeing a good Thursday with a lot of green on the market and a stabilized trading volume.
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“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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