Cryptocurrencies are mixed Tuesday morning with some including the leaders Bitcoin and Ethereum trading with modest gains, while several altcoins are lower.
In some main news, a hardware hacker from Spain, Ricardo Reis, released a video demonstrating how the Lightning Network can be used to make a Coca-cola vending machine accept Bitcoin as payment. Such use-cases open up a vast arena of opportunities for the top cryptocurrency.
Overall cryptocurrency market capitalization was $221.33 billion and the Bitcoin dominance rate was 51.4 percent as of 10.10 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
CFTC Chair Giancarlo Says Cryptos Here To Stay
Chris Giancarlo, the chair of the Commodities Futures Trading Commission said in an interview on CNBC that cryptocurrencies are here to stay and that there is a future for them. However, the top regulator doubted if they will ever rival the dollar or other fiat currencies.
Bithumb Teams With ONEROOT To Build Distributed Decentralized Exchange
South Korean cryptocurrency exchange Bithumb has teamed up with ONEROOT, a blockchain project, to build distributed decentralized exchange. Under ONEROOT’s “Rocket Plan”, which was launched in early September, both companies formally signed a cooperation agreement for Bithumb to access the R1 protocol, developed by ONEROOT.
Australian Science Agency Tests Red Belly Blockchain On Amazon Web Services
CSIRO’s Data61 and the University of Sydney has announced that the first international trial of its Red Belly Blockchain has recorded increased speed and energy efficiencies at a global scale. The blockchain was reported to have reached a benchmark of 30,000 transactions per second after it was tested across 1,000 nodes in 14 countries.
Opera Partners Ledger Capital To Explore Use-cases Of Blockchain Technology
Norwegian web browser maker Opera Software AS is in deal with blockchain advisory and financial services firm Ledger Capital to explore the usage of blockchain technology to improve its product basket. The two companies are planning to explore further applications and use-cases of the blockchain technology as well as growth opportunities that could be applied to Opera products.
As of 10.11 am ET, Bitcoin was up 0.63 percent at $6,553.01 and Ethereum was higher by 0.48 percent at $227.45 on Coinbase.
by Jyotsna V