Apr 23, 2019
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Weiss Ratings claims correlation between Binance Coin and cryptocurrency market’s performance

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The crypto-rating giant, Weiss Ratings, has been in the news for quite a while now. However, none of its news-making antics over the past few weeks have reflected positively on Weiss Ratings itself. If getting called out for predicting a crypto-surge after the fact wasn’t enough for the ratings agency, Weiss Ratings is in the headlines again after making an astounding claim.

The ratings agency incited quite a reaction after positing that Binance Coin may be the new Bitcoin [BTC]. Weiss made the hypothesis after claiming that the collective cryptocurrency market’s pumps usually coincided with and followed a similar pump in Binance Coin’s price and vice versa. The agency’s full tweet read,

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