Investment banking: Bitcoin, ether gain while dogecoin dips. Check latest crypto prices:
In cryptocurrencies, Bitcoin, ether prices traded for gains today, but dogecoin traded slightly below. According to data from CoinDesk, the largest cryptocurrency in the world has risen more than 1% to $ 34,240 in market value. Ether, the currency linked to the Ethereum blockchain, is up more than 4% to $ 2,324. Dogecoin and Cardano are trading slightly lower, at $ 0.23 and $ 1.42, respectively.
Bitcoin has increased by over 17% this year, while ether, the second-largest cryptocurrency, has increased by 212% (so far this year). Bitcoin has remained in the $ 30,000 to $ 40,000 range for weeks after falling from its daily high of nearly $ 65,000 in mid-April.
Cryptocurrencies emerged after China’s central bank and a capital regulator took action against a company that allegedly provided cryptocurrency services. Financial and payment institutions cannot provide direct or indirect services related to virtual currencies, the PBOC and the Beijing regulator said in a statement. This means the marketing, promotion, and editing of exhibitions and spaces between prohibited activities.
China has increased its focus on the cryptocurrency sector and added restrictions on mining, trading, and other services, as well as notifications to entities such as banks that could facilitate these transactions. Many miners have closed the country or tried to leave the country and mining statistics have declined.
In a separate press release, the Binance exchange will suspend euro deposits from a major European payment network, the Financial Times reported Tuesday, citing an email sent by the exchange to users in different forms of email marketing.
According to the document, customers will no longer be able to deposit money in the single euro payment area, or Sepa, next Wednesday from 8, coordinated universal time, writes the newspaper. The move was the result of “events beyond our control,” the exchange said in an email quoted by FT, according to Reuters.