Investing.com - Cryptocurrency prices were slightly lower on Wednesday as Bitcoin enthusiasts celebrated the 10-year anniversary of its white paper.
Bitcoin (BitfinexUSD) inched down 0.40% to $6,321.20 on the Bitfinex exchange as of 10:28 AM ET (14:28 GMT).
The white paper that sparked Bitcoin and other alternative coins was published on this day 10 years ago. Since then, the digital coin has remained volatile, peaking at almost $20,000 in December 2017. Bitcoin has fallen nearly 67% since.
Cryptocurrencies overall were slightly lower, with the total coin market capitalization at $202 billion at the time of writing, compared to $203 billion on Tuesday.
Ethereum,or Ether, decreased 0.73% to $196.41 and Litecoin was at $48.76, down 0.43%, while XRP fell 1.3% to $0.44512.
In other news, Coinbase isn’t planning an initial public offering, the company’s president and chief operating officer told Bloomberg.
“There’s not going to be an IPO any time soon; we have so much to do,” said Asiff Hirji.
The crypto exchange giant raised $300 million this week in a new funding round. The crypto exchange giant was valued at $8 billion during the fundraiser.
The company instead plans to focus on global expansion and circumvent complex U.S. regulations by offering non-residents more assets to trade. Coinbase currently offers seven digital coins and plans to add 200 or 300 coins over the next year, Hirji said.
It’s not the only exchange to work around U.S. regulations on bitcoin and other coins. Bittrex announced a separation on Monday of its U.S. and international clients via a platform registered in Malta.