Bitcoin Price Correlation With Gold Nearly Doubled, Binance Investigating ‘KYC Leak FUD,’ & Other News

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Daily digest by Cointelegraph Price Analysis 07/08: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, XLM, XMR The rally in cryptocurrencies has largely been led by Bitcoin. Its dominance has increased from 51.63% at the start of the year to close to 70% in just over seven months. This shows that the crypto recovery has been a Bitcoin story throughout. Binance Investigating 'KYC Leak FUD' as User Selfies Allegedly Exposed Social media users panicked earlier after what had appeared to be fake warnings showing figures posing with personal documents, apparently of Binance users. Changpeng Zhao described rumors circulating about the alleged know-your-customer data leak as an attempt to spread "FUD." Bitcoin Price Correlation With Gold Nearly Doubled in Past 3 Months The correlation between Bitcoin and gold over the past year was at 0.496. However, statistics reveal that, in the past three months, this has almost doubled to hit 0.837 — where a coefficient of +1 indicates perfect correlation, and -1 complete non-correlation. Judge Rules Coinbase Did Not Commit Fraud in Bitcoin Cash Lawsuit Cryptocurrency exchange Coinbase did not act fraudulently during its botched launch of Bitcoin Cash, a United States judge has ruled. Plaintiffs will now have to move forward based on a negligence lawsuit.  Chinese Gov't Hackers Are Targeting Crypto Companies: Report Chinese state hackers are performing attacks against cryptocurrency and video game enterprises, cybersecurity company FireEye says in a report. Still, researchers add that "the group is also deployed to gather intelligence ahead of imminent events, such as mergers and acquisitions and political events." Online Sentiment Toward Crypto Market in 2019 — Attitudes Are Positive Barring some mainstream media articles, most crypto-oriented content online presents the industry in a good light, thanks to social media platforms driving the change in sentiment. Read our analysis for more details.  Quote of the day "[...] the Commission has rejected its higher governmental duty to first and foremost seek justice, and has instead employed a strategy to twist the facts [...]" Social media organization Kik to a SEC Tweet it 1.5 mln people follow us on social media Download our official free app →

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