Most of the cryptocurrencies returned to the green Tuesday with Bitcoin moving above $7,000 mark.
There are some positives going for the top cryptocurrency as it gains more market share, boosting hopes of a breakout. Expectations are high that regulators would approve a Bitcoin ETF in the near future.
As of 11.23 am ET, Bitcoin dominance rate was 47.7 percent on CoinMarketCap, which is highest since December 20, 2017, just three days after it hit a record $20,000.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Robinhood Crypto Platform Adds Ethereum Classic
Robinhood, a commission-free stock and cryptocurrency trading app, has now added support for one more virtual currency, Ethereum Classic after recently adding Dogecoin, Litecoin and Bitcoin Cash on its crypto trading platform. The app had initially supported only Bitcoin and Ethereum.
Indian State Joins With Tech Mahindra To Launch Blockchain District
The Government of Telangana, a south Indian state, has partnered with digital transformation provider Tech Mahindra to unveil India’s first Blockchain District. The Telangana State Information Technology, Electronics and Communication department has signed a Memorandum of Understanding or MoU with Tech Mahindra to launch the district in the state of Telangana.
Crypto Miner Canaan To Launch World’s First Bitcoin Mining TV Set
Chinese bitcoin mining hardware maker Canaan Creative has unveiled a television set that is capable of mining bitcoins while watching the shows. According to South China Morning Post or SCMP, Canaan is making “Avalonminer Inside,” a 43″ television set that would double as a bitcoin mining rig.
Bitcoin Miner Bitmain To Invest $500 Mln In Texas
Chinese Bitcoin miner Bitmain Technologies will invest more than $500 million to set up a new crypto mining facility and blockchain data center in the U.S. State of Texas. The facility will be at a former aluminum smelting facility Alcoa in the city of Rockdale in Milam County of Texas.
As of 11.33 am ET, Bitcoin was up 2.16 percent at $7,110.91 and Ethereum was higher by 0.59 percent at $409.15 on Coinbase.
by Jyotsna V