Most of the cryptocurrencies were trading higher Thursday morning, though the gains for the leader Bitcoin were modest.
Market sentiment was boosted by news of a major Bitcoin mining company filing for an initial public offering of its stock and some bullish comments from the prominent investors in the top cryptocurrency.
Overall cryptocurrency market capitalization was $217.58 billion and the Bitcoin dominance rate 51.9 was percent as of 10.47 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Chinese Crypto Mining Giant Bitmain Files For Hong Kong IPO
Chinese cryptocurrency mining major Bitmain Technologies filed for an Initial Public Offering on the Hong Kong stock exchange, after months of speculation. The company said the proceeds of the IPO would be used towards research and development and to expand its production output.
Circle Introduces Dollar-backed USD Coin
Cryptocurrency finance firm Circle has released a dollar-backed stablecoin, called USD Coin or USDC. Individuals and institutions can enroll in this service to deposit US dollars from bank accounts, convert those dollars into tokens usable on Internet, and redeem USDC tokens and cash out to bank accounts, Circle co-founders Sean Neville and Jeremy Allaire wrote in a blog post.
AT&T Creates Blockchain Solutions For Enterprise Customers
AT&T Communications, part of Telecom giant AT&T, announced the creation of a suite of blockchain solutions to help Enterprise customers reduce costs, risk, and simplify business processes. These blockchain solutions are designed to work with technology from IBM and Microsoft, and are available in the market.
US Dairy Co-Op DFA Pilots Blockchain-based Project For Food Supply Chain
Dairy Farmers of America or DFA, a cooperative owned by dairy farm families across the U.S., announced that a pilot blockchain-powered project is underway in the area of food and agriculture. DFA has partnered with ripe.io, a food tech startup focused on blockchain, to transform the food supply chain for data transparency, and to better connect farmer owners with customers.
Australian Real Estate Group Vicinity To Trial Blockchain-based Solar Program
Australian real estate giant Vicinity is set to trial a blockchain-powered energy distribution system to to manage its energy use and distribution in real-time, switching between solar and national grid energy. The trial is being conducted in partnership with Power Ledger, an Australian blockchain-based cryptocurrency and energy trading platform.
As of 10.47 am ET, Bitcoin was down by 0.02 percent at $6,499.94, while Ethereum was higher by a percent at $218.38 on Coinbase.
by Jyotsna V