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After receiving warnings from Japanese regulators, crypto exchange Binance may now move to Malta, according to CoinTelegraph.com.
Binance CEO Changpeng Zhao (CZ) said that he had been invited to Malta by the government in to look at the nation's friendly cryptocurrency policies. In February 2018, the Malta government launched the Malta Digital Innovation Authority to provide legal clarity for companies operating in the crypto market.
Regulatory fears have sent the price of Bitcoin down today, but Bitcoin bulls believe these dips are a great time to buy. The Dow Jones, Nasdaq, and S&P 500 all slumped on Thursday due to growing concerns about a brewing trade war between the United States and China, and that could lead to more investments in crypto coins.
Here is a recap of the top cryptocurrency prices at 11:00 a.m. EDT (returns in last 24 hours).
- Bitcoin: $8,609.30, -0.36%
- Ethereum: $528.35, -0.57%
- Ripple: $0.64, -0.51%
- Bitcoin Cash: $1,002.84, +0.01%
- Litecoin: $161.75, -1.23%
Now that we know all of today's price movements, here's what has been moving these cryptocurrencies…
Cryptocurrency News Today
On Friday morning, the market capitalization of the global cryptocurrency sector fell to $320.18 billion. Bitcoin comprised 44.3% of the total cryptocurrency market, with a market cap of $142.72 billion.
The top performer in the space was Storm, which added 34.95% on the day.
Other top performers from the top 50 cryptocurrencies included Veritaseum (up 34.90%), Verge (up 12.88%), ICON (up 11.63%), Binance Coin (up 4.97%), Bytom (up 4.68%), EOS (up 3.62%), Hshare (up 1.82%), and BitShares (up 0.36%).
The worst performers from the top 50 cryptocurrencies included 0x (down -11.17%), Aion (down -9.58%), Steem (down -7.55%), Status (down -6.99%), Lisk (down -6.53%), and Nano (down -6.33%).
Two Cryptocurrencies to Watch
Today, ICON pushed up more than 11% as traders celebrated that cryptocurrency exchange Bithumb has added its ICX token to the exchange.
Exchange Upbit also added ICX to its trading platform earlier this week.
Qtum was pushing higher after Binance added Qtum-Binance Coin (QTUM/BNB) and Qtum-Tether (QTUM/USDT) trading pairs earlier this week.
Cryptocurrency Conspiracy Theory of the Day
According to reports, Roberto Escobar (brother of Pablo Escobar) is launching his own cryptocurrency – a fork of Bitcoin -called "Dietbitcoin."
Escobar claims he met an American agent claiming to be Satoshi Nakamoto, the infamous and reclusive creator of Bitcoin. Escobar also claims that Bitcoin was created by the American government and says he is the first person in the world to publicly make this declaration.
"The world is going to wake up," he said in his claim.
"The world is going to see that this was created by them. And when they see it, it is too late, and when the CIA founds out that the world knows about this, the CIA is going to sell all of their coins, and they will destroy the value of Bitcoin…That's why I am creating my own cryptocurrency called Dietbitcoin (DDX)."
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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.