The State of the Market: Following last weekends price run-up, the cryptocurrency markets have continued to consolidate their gains and have remained relatively stable over the last 24 hours. The total market capitalization is currently sitting at about $275 billion. The two largest digital assets, Bitcoin and Ethereum, have recorded 1.3% and 0.8% gains respectively on the day. Of the top 10 IOTA (MIOTA) has had the most favorable day with a gain of just under 6%.

1) A private XRP investor recently alleged that Ripple Labs has been illegally profiting from the token's price increase, marking Ripple’s third securities fraud lawsuit in the past few months. Ripple labs have been funding themselves by selling close to $100 Million worth XRP in the last quarter of 2017 alone, and all three suits hinge on this constant self-funding (read more).

2) Binance recently halted operations following unusual trading activity from "a number of API users." Following the system complications, Binance has announced that they will create a "secure asset fund for users" (SAFU), where it will store 10% of all trading fees to cover customer losses in extreme situations (read more).

3) The blockchain friendly island of Malta is in the midst of solidifying a trio of new laws that will make it easier for blockchain companies to operate in the jurisdiction. A Malta government official remarked, “This is the last stage of the legislation that will put Malta on the international map for blockchain and crypto regulation. There is political consensus on this roadmap and we are foreseeing that this area will be the mainstay of our economic growth for the next 4–5 years” (read more).

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