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Cindicator prices climbed 12.7%, and its market capitalization is now $433.8 million.
To try and uncover why everyone is so excited about the financial forecasting crypto coin, we dived into a Medium blog post the company released yesterday (Jan. 22, 2018).
During a trip to Australia and New Zealand, Cindicator's team made contact with 20 potential partners, explored a venue for a branch office, and established links within the Sydney crypto community.
As more news develops about Cindicator, we'll keep Money Morning readers up to date through our free Profit Alerts service.
In addition, Bitcoin traders were weighing new regulations in South Korea.
South Korea's Financial Services Commission issued a deadline for the end of anonymous cryptocurrency trading.
On Jan. 30, all cryptocurrency investors must use real names on their bank accounts to continue trading Bitcoin and altcoins. The so-called "Know Your Customer" compliance is the country's latest effort to reduce illicit activities like money laundering in the cryptocurrency space.
In addition, no one under the age of 19 will be allowed to buy or sell cryptocurrencies starting in February.
Below is a recap of the top cryptocurrency prices at 1:00 p.m. EST.
- Bitcoin: $11,262.30, +5.17%
- Ethereum: $1,009.12, +2.26%
- Ripple: $1.32, +13.01%
- Bitcoin Cash: $1,664.32, +4.07%
- Cardano: $0.578, +4.59%
Now that we know all of today's price movements, here's what has been moving these cryptocurrencies…
Cryptocurrency Markets Today
On Tuesday, the market capitalization of the global cryptocurrency sector dipped to $542.22 billion
Bitcoin comprised 34.8% of the total crypto market.
Top performers out of the top 50 cryptocurrencies by market capitalization included PIVX (up 28.42%), Walton (up 20.92%), Ripple (up 13.01%), Ardor (up 5.08%), Populous (up 4.55), Stellar (up 3.33%), Waves (up 3.22%), Augur (up 2.90%), Siacoin (up 2.08%), and Lisk (up 1.71%).
The worst performers from the top 50 largest cryptocurrencies by market capitalization included Veritaseum (down -8.48%), VeChain (down -7.56%), KuCoin Shares (down -7.06%), Decred (down -6.85%), EOS (down -6.31%), RaiBlocks (down -6.10%), and ICON (down -5.41%).
Will Nasdaq Launch Bitcoin Futures?
All signs point to evidence that the Nasdaq is on the verge of launching its own Bitcoin futures.
In a conversation with CNBC, Nasdaq's Adena Friedman confirmed that the exchange has been watching the activities of CBOE and CME Group, which launched Bitcoin futures in December.
Must Read: Never Miss Our Cryptocurrency Updates
Though Nasdaq hasn't given a timeline on when it would launch these contracts, Friedman did state that they are looking to differentiate from current futures offerings in the space.
What the Heck Is Mincoin?
The top performer over the last 24 hours is a little-known cryptocurrency known as Mincoin.
The coin surged more than 248% to hit a market capitalization of $2.03 million.
Mincoin (short for Minimalist) is a peer-to-peer cryptocurrency that uses script as a proof-of-work algorithm.
To be honest, there isn't a clear reason why the cryptocurrency surged today.
Boss Baby DVD No Substitute for a Bitcoin Mining Rig
Today, Gizmodo reported that one unfortunate British man got the short end of the stick when he tried to purchase a Bitcoin mining rig for £3,000.
Instead, he received a DVD of the Oscar-nominated (you heard that right) animated movie "Boss Baby."
Ichim Bogdan Cezar told a newspaper that he and his friends had pooled their money to for the rig back in November.
A few weeks later, Amazon.com Inc. (Nadsaq: AMZN) had sent them the wrong package. After a series of debates with customer service, he finally received a refund this week.
Up Next: Never Miss a Cryptocurrency Opportunity Again
Did you know we have a free research service that finds the most profitable opportunities in cryptocurrencies today?
It gives you real-time recommendations and price updates on only the best ways to make money now.
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.