Binance Report: Bitcoin Decorrelated with Other Cryptos in Q2 2019

Bitcoin’s (BTC) has become less correlated with other cryptos in Q2 2019 due to a potential “flight-to-quality” in the recent bull run, according to a Binance report on crypto correlations released on July 5.In its “2019 Q2 Crypto-Correlations Review,” Binance specified that average correlation between Bitcoin and all other major crypto assets declined to 0.61…

Operator of Newly Launched Binance US Appoints Former Ripple Exec as New CEO

The operator of United States-based division of Binance crypto exchange has appointed former Ripple exec as its new CEO, the company officially announced on July 2.BAM Trading Services (BAM), the operator of recently launched Binance US, has hired Catherine Coley, former liquidity management expert at Ripple, to oversee the launch of Binance US and bring…

Group of Digital Asset Trade Associations to Establish Global Cryptocurrency Association

A group of national trade associations representing the local Virtual Asset Service Providers (VASPs) announced their intention to establish an association to provide a global representative for firms in the industry in a press release shared with Cointelegraph on June 29.Per the release, the aforementioned Japanese trade association signed a Memorandum of Understanding (MoU) in…

Koinex Exchange Shuts Down Trading Services in India

Koinex is the latest cryptocurrency exchange to fall prey to India’s ban on virtual currencies. Months after delisting several cryptocurrencies, the exchange has shut down its trading services. The exchange has blamed uncertainty as well as disruptions for the unexpected decision. Koinex Shutdown In an official statement, Koinex says it has always wanted to provide…

First Stablecoin Trading Pairs Listed on Binance DEX

Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24.As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), as well as the USDSB-to-USDS trading pair today at 10:00 AM UTC.Derived…

Major Crypto Exchange Bitfinex to Briefly Go Offline for Upgrade Next Week

Cryptocurrency exchange Bitfinex announced that it will be offline for up to seven hours next week in a Medium post published on June 20.Per the announcement, the exchange will go offline for up to seven hours to carry out system upgrades on June 26. The post further specifies that Bitfinex’s hybrid counterpart Ethfinex will also…

Chainalysis: 64% of Ransomware Attackers Launder Proceeds via Crypto Exchanges

United States-based blockchain intelligence firm Chainalysis claims that 64% of ransomware attack cash-out strategies involve the laundering of funds via cryptocurrency exchanges. The data was revealed in a Chainalysis webinar attended by Cointelegraph on May 30.A ransomware attack involves the infection of a target with malware and the demand of a ransom payment — frequently…