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Bitcoin Surges as Analyst Warns That Binance Triggered ‘Altcoin Winter’

By CCN Markets: The bitcoin price climbed as high as $8,450 on Friday morning, lifting the flagship cryptocurrency to its highest mark since June 3. The trigger for that rally? Binance.The fallout? A punishing “altcoin winter” that could slaughter altcoin valuations while bitcoin continues to trend higher.Binance US

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Bitcoin Price Explosion a Trap, Smart Money Awaits Pullback, Warns Analyst

By CCN: The parabolic bitcoin price explosion, which saw BTC surge 136 percent in 2019, is a trap, according to on-chain analyst and Adaptive Fund partner Willy Woo. The price explosion is simply a short-squeeze driven by hedge funds. Organic buyers are waiting for a healthy retracement before buying in again. “This a

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Belarus General Prosecutor Warns About Cryptocurrency’s Use in Tax Evasion

Belarus’ general prosecutor has raised concerns about the role cryptocurrency could be playing in tax evasion, local daily news outlet TUT.by reported on June 4.Speaking as Belarus hosted the International Prosecutors Association’s regional conference, Aleksandr Konyuk said the time had come for all attendants’ authorities to study cryptocurrency use.Belarus

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President of Germany’s Central Bank Warns of Serious Outcomes of Digital Currencies

The president of Germany’s central bank, the Deutsche Bundesbank (BBk), has warned central banks about the potential risks of introducing digital currencies, Reuters reports on May 29.Jens Weidmann, BBk president and chairman of the board of the Bank for International Settlements (BIS), reportedly claimed that the adoption of digital

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German Watchdog Warns Public About Alleged Hiring by Crypto Exchange CoinBene

The Federal Financial Supervisory Authority (BaFin), Germany's financial regulator, has issued a public warning about cryptocurrency exchange CoinBene on May 28.The watchdog says that CoinBene has been recruiting freelance crypto traders who get paid on commission. BaFin states that since crypto assets are financial instruments, trading them requires authorization

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