Further declines in the crypto market – upswing at Binance Coin
The past few days have been very bitter for the crypto market. There were crashes in all major digital currencies, and over the past week there was a double-digit price drop for some coins. On Thursday afternoon, the situation finally looks better again, at least for Binance Coin. Bitcoin has at least recorded a minus of two percent in the past 24 hours. The price is still below 28,000 euros, the capitalization at 512 billion euros. Binance Coin, on the other hand, has achieved a plus of around two percent and is now at a price of around 260 euros. The capitalization here is over 40 billion euros.
There is still no reason to breathe a sigh of relief with Ethereum. Here, too, there is a minus of around three percent in the past 24 hours. The price here is still below 1,700 euros, the capitalization below 200 billion euros. Polkadot is also in poor shape. This showed a drop of four percent to around eleven euros. The market capitalization is just over ten billion euros. The capitalization of the entire crypto market is 1.1 trillion euros, which is lower than on Wednesday (1.124 trillion euros).
Survey: three quarters of German companies for digital euros
On Wednesday the ECB finally gave the green light for the digital euro. The concept is to run through a test phase over the next two years. This decision met with a lot of approval. According to a representative survey by the German digital association Bitkom, three quarters (78%) of all companies with 50 or more employees want the ECB to introduce a digital euro.
+++ European Central Bank greenlights digital euro +++
Revolut receives 675 million euros in a mega financing round
The British company Revolut is causing a sensation in the neobanking sector. The fintech, which trades in Bitcoin, Litecoin and Ripple, among others, has raised $ 800 million (€ 675 million) in a huge financing round. That puts the company’s valuation at a whopping $ 33 billion.
+++ Revolut raises 675 million euros in a mega financing round +++
Italian Securities and Exchange Commission: No authorization for Binance
And again the crypto exchange Binance has its dear trouble with an authority. This time, according to Decrypt, it is the Italian stock exchange regulator Consob. According to the agency, Binance is “not authorized” to offer investment and financial services in Italy. In the recent past, the crypto exchange has had similar difficulties in the UK, Japan and the US.