Ratings firm issues first grades on cryptocurrencies, sparking outrage online and a cyberattack || Cryptocurrency 🌎
Weiss Ratings, that claims to supply the primary "ratings" on cryptocurrencies, has judged atrium to be higher than bitcoin.
The securities ratings agency proclaimed Wed that it gave interim a B rating as a result of it "benefits from a lot of pronto upgradable technology and higher speed, despite some bottlenecks."
Bitcoin received a "fair" C+ rating as a result of the digital currency is "encountering major network bottlenecks, inflicting delays and high transaction prices," in line with a unleash. "Despite intense in progress efforts that square measure achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software system code."
None of the seventy four cryptocurrencies the agency covers received an associate degree "excellent" A rating. B-rated ethereum and digital currency Greek deity have the best ratings.
That robust tale is outwardly a trademark of the 47-year-old freelance monetary ratings agency. Reports from Barron's and also the big apple Times from 2002 and 1992, severally, note Weiss' lack of A ratings in coverage of insurance stocks, mutual funds and alternative securities. The Florida-based company sometimes flies below the measuring system as compared to known agencies like customary & Poor's and Moody's. Weiss says it doesn't settle for compensation from the businesses it rates for issuance the rating.
Good content
@OriginalWorks
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by saifulazhar1 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.