Investing.com – Cryptocurrency prices were mixed on Wednesday, with Litecoin extending its losses from Tuesday as its payment processor LitePay abruptly shut down just one month after its launch.
Bitcoin was trading at $7,860.0 by 12:50AM ET (04:50GMT) on the Bitfinex exchange, down 0.1% over the previous 24 hours.
Ethereum, the world’s second largest cryptocurrency by market cap, was down 3.2% at $449.04 on the Bitfinex exchange.
Ripple’s XRP token was up 2.1% to $0.57512 on the Poloniex exchange.
Meanwhile, Litecoin plunged 7.0% to $133.94.
Litecoin was under pressure since Tuesday after its payment processor LitePay announced it had terminated its operations. Litecoin plunged 9% on Tuesday following the news.
Separately, a survey carried out the Bank of Korea garnered some attention as it revealed young South Korean in their 20s and 30s remain optimistic about cryptocurrencies. The results raised some eyebrows as digital coins in the country have been subjected to heavy regulations in recent months.
Government officials stated in January that they would ban cryptocurrency exchanges from operating as they caused confusion on the market, although regulators later announced they dropped their plans to ban crypto trading.
Elsewhere, Hangzhou Blockchain Research Institute, run by the People’s Bank of China, has launched a blockchain platform in China. The platform will store enterprise records of user IDs, certificate data and credentials, among others, according the reports.