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Weiss Ratings Considers Binance Coin (BNB) Remains Steady Because Of Its Centralization

Binance Coin (BNB) one of the largest cryptocurrencies in the market remains strong due to its centralized nature. This is according to Weiss Ratings, the recognized independent rating agency that provides valuable ratings about virtual currencies in the market. Binance Coin Centralization Is Positive For Its Price According to a recent tweet released by Weiss […]
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Weiss Ratings Hints at Weak Point in Binance Chain: Centralization

The cryptocurrency and market analysts over at Weiss Ratings just gave Binance the old ‘good cop, bad cop’ routine. In a backhanded compliment to Binance Chain, the […] The post Weiss Ratings Hints at Weak Point in Binance Chain: Centralization appeared first on Hacked: Hacking Finance.
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Binance Coin (BNB) Is Successful Because It’s Centralized – Weiss Ratings

Binance Coin (BNB) currently ranked the 6th largest cryptocurrency by market cap has had a good run this year. BNB’s performance has been well noted by the crypto community as well as Weiss Ratings, a financial ratings agency. According to Weiss Ratings in a tweet on July 25, 2019, BNB is a success because it is centralized. BNB Makes Remarkable Leap in Price in 2019 As of press time, BNB is trading at $29.36 with a market valuation of over $4.5 billion. Its year-to-date high has been $39.57 which is quite intriguing on considering its opening price of $6.19 and a market cap of barely $800 million at the start of the year. There’s also its ICO price of $0.10 to contend with. Similarly, BNB kept surging in price despite Bitcoin’s sideways trading in the first few months of 2019. Weiss Ratings, on the other hand, is of the opinion that BNB’s success can be attributed to its centralized nature. Specifically, the centralized nature of BNB has enabled its creators to constantly create new use cases for the virtual currency. As a result, it has made a positive impact on its market cap. BNB’s Use Cases on Binance and Binance LaunchPad The use cases Weiss Ratings has hinted can be associated with BNB’s use to pay fees on Binance, one of the top cryptocurrency exchanges in the world. Users of the Malta-based exchange are incentivized to use BNB instead of BTC to pay fees by offering a 25% discount on trading fees. In the same manner, BNB has been the major cryptocurrency received by Binance during the token sale of assets such as BitTorrent, Fetch.AI, Celer, and Matic on Binance Launchpad. On March 24, 2019, Binance also announced that its next token launch will be on a lottery basis and not the first-come-first-served system. Binance’s Quarterly Burning of BNB’s Token As such, anyone who holds a certain amount of BNB for at least 20 days before the token sale will be able to claim tickets to be a part of the lottery. The news was, however, able to surge BNB’s price at the time by almost 15 percent. There’s also Binance’s strategy of burning a certain percentage of BNB in their reserve allocation on a quarterly basis which has also impacted on the asset’s price. On the contrary, some members of the crypto space were not in agreement with Weiss Rating’s stance. They opined that centralization should not be attributed to a coin’s success. A user, for instance, said Tether (USDT) is minted in excess before it is used to pump BNB’s price. Another remarked that BNB’s success may be short-lived since regulations could potentially kill it. The post Binance Coin (BNB) Is Successful Because It’s Centralized – Weiss Ratings appeared first on ZyCrypto.
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Owning “Blockchain Stocks” is Lucrative; Weiss Ratings

The crypto market has become quite volatile since April. Bitcoin is leading the way in volatility. Thus, most investors believe that the general crypto market is not a viable investment channel until it is adequately regulated. One of the effects of the volatility of BTC was the creation of many companies and start-ups proposing blockchain solutions. These companies ensured that they greatly distanced themselves from coin trading. Their mantra was “blockchain, not Bitcoin”. Now, Weiss Ratings suggests that it could be a wise investment decision to all these company stocks as an investment in blockchain technology. According to Tony Sagami of Weiss ratings, blockchain is rapidly becoming as much of an IT priority as network upgrades to large businesses. Also, blockchain is put in the same category as social media collaboration, cloud transition, Internet of Things, big data, artificial intelligence, and cybersecurity. The most recent Deloitte Consulting research for 2019 suggests that around 53% of business managers nowadays put a high priority on blockchain solutions. Sagami did not mention any specific companies but he pointed to increased spending on blockchain projects in the coming years. However, not all investments are equal or entirely similar. During the 2017 crypto boom, over-the-counter companies rapidly switched to having ‘blockchain’ in their name. All that change of name was done with the companies not having a real product. Furthermore, the US Securities and Exchange Commission (SEC) banned using “blockchain” within the name of all exchange-traded funds (ETF). The Developments The definition of blockchain has also changed considerably since the first large-scale rally. However, the globally spread anonymous chain of Bitcoin is the exception. Businesses now want to develop lighter models that are more user-friendly. Hence, block production and governance are gradually becoming semi-centralized. In some instances, the consensus is also majorly controlled by a central entity. Several projects are also now offering business-grade blockchains or side chains including Stratis (STRAT), Stellar (XLM), and many others. A business may also choose to use any blockchain protocol to develop a new network. In the case of hardware, demands are also increasing. As blockchains constantly become more widely used, some of the tasks are offloaded to start-ups. For instance, in the case of Ethereum (ETH), ConsenSys provides more accessible services to communicate with the larger network. While the interest in blockchain technology is increasing, the previously hot projects are lagging. Some of these projects have lost at least 90% of their market price without any rebounds. It could be possible that the business-grade blockchains and permissioned networks rebuild the ideas that ICO-based projects failed to achieve. Like what you're reading? Subscribe to our top stories The post Owning “Blockchain Stocks” is Lucrative; Weiss Ratings appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Bitcoin Finally Gets an ‘A’ From Weiss Ratings

Bitcoin is currently ranked top by Weiss Ratings with a grade of A–, making it the most technologically and economically advanced of all the cryptocurrencies. Bitcoin Attains Top Grade on Latest Weiss Rating for Crypto On the Weiss crypto website, bitcoin currently holds the top spot with an A– grade. This latest grade marks BTC’s highest ever score on the rankings. For the first few iterations of the rankings, bitcoin stayed outside the top ten with the agency assigning a score of C+ back in January 2018. Only a month ago did bitcoin move from a B– to a B on the log supplied by the independent rating agency. In a letter from Martin D. Weiss, founder of Weiss Ratings, quoted by Forklog, Weiss declared: After touching bottom in December, Bitcoin quadrupled in value in less than 190 days. And today, the reward it delivers investors outweighs the risks. Its technology has been upgraded. Its network is back to normal. Bitcoin’s ascent to the top of the Weiss ranking is in many ways a representation of the renaissance undergone within the technology itself. Upgrades like SegWit and transaction batching have helped to unclog the blockchain. Since the start of the year, Weiss Ratings has even issued positive remarks about BTC. Back in January 2019, the independent rating agency forecasted that bitcoin will reach all-time high and that top-ranked crypto would experience massive adoption. By the end of Q1 2019, Weiss Rating upped the ante proclaiming BTC to best positioned to become a popular store of value. Technically and Fundamentally Superior A breakdown of the current rating for BTC sees its tech/adoption and risk/reward grades at ‘A’ and ‘B” respectively. This places bitcoin is the most technically and fundamentally superior of all the cryptocurrencies. Since experiencing a hash rate drop back in December 2018, the computing power utilized to protect the network has risen sharply to a new ATH above 60 quintillion hashes per second. The Bitcoin network hashrate has just recorded its fastest growth in history. $BTC Bitcoin's total hashrate (on a 7-day moving average) has increased by 13.11 EH/S over the past 30 days – its fastest pace ever. What does this mean for the price of #Bitcoin? pic.twitter.com/0rzENUUdzP — Binance Research (@BinanceResearch) July 9, 2019 These massively improving fundamentals form part of the bull case for BTC as expressed by several commentators in the last few months. On the price side, bitcoin has more than tripled over the course of the year, up by over 230%. There are commentators who forecast a new price ATH between $28,000 and $40,000 by the end of the year. Analysts also expect these fundamentals to continue to improve given the block reward halving that occurs in mid-2020. At what price level do you think the Weiss Rating for BTC will reach a solid ‘A’? Let us know in the comments below. Images via Weiss crypto and Twitter @BinanceResearch The post Bitcoin Finally Gets an ‘A’ From Weiss Ratings appeared first on Bitcoinist.com.
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DIGEST

CONSOB suspends two projects, Kakao invests in Orbs, TokenSoft invests in a SEC-compliant broker-dealer, Weiss Ratings recommends to buy BTC, France wants to invest $569M in blockchain, crypto-focused VCs invest $30M in Good Money, Tim Draper invests $1.25M in OpenNode, Waves partners with TSA, ICON partners with LayerX, BitDeer teams up with BTC.com and AntPool

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DIGEST

This week has been eventful in the crypto world. Ripple tries to rebrand its XRP coin, South Korea and China may lift their ICO ban, Bittrex is launching USD trading pairs and EOS’ long-awaited mainnet is soon to go live.

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HUGE Altcoin Updates! Stellar, Binance US, Tomochain, Digibyte, NEO, Monero, Bitcoin Bakkt

Binance Adds BNB to Binance US https://finance.yahoo.com/news/binance-us-adding-7th-coin-102155751.html A brief history of the world of crypto. Plus, all of the latest news and updates from the Stellar Developers ecosystem https://medium.com/stellar-community/stellar-dev-digest-issue-14-ea71609a22b0 How TomoChain’s TomoZ intends to take on Ethereum market share! https://twitter.com/TomoChainANN/status/1173152916888096768 https://twitter.com/Altcoinbuzzio/status/1172575745584971777 https://www.altcoinbuzz.io/crypto-news/product-release/how-tomochains-tomoz-intends-to-take-on-ethereum-market-share/ Virtual Rehab with Virtual Reality is now solving real-world problems https://cryptodaily.co.uk/2019/09/apple-entry-blockchain-via-rumoured-vr-project https://www.zerohedge.com/news/2019-09-09/virtual-reality-now-solving-real-world-problems Celer Network and NEO Are Launching a Partnership https://www.altcoinbuzz.io/crypto-news/partnerships/celer-network-and-neo-are-launching-a-partnership/ Bitcoin #Bakkt Tweet https://twitter.com/Bakkt/status/1173683919687966720 Big! #Monero ready to use Zcoin’s Privacy protocol https://www.altcoinbuzz.io/crypto-news/product-release/big-monero-ready-to-use-zcoin-privacy-protocol/ #digibyte lists on UpHold https://twitter.com/DigiByteCoin/status/1173623829652004866 #bitcoin #cryptocurrency #altcoin #altcoins #crypto #btc $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news Bitcoin cryptocurrency altcoin altcoins crypto btc $BTC bitcoin price ethereum electroneum enjin crypto.com cardano digibyte bitcoin news btc libra chainlink ripple xrp ripple Binance bitcoin news today crypto news Litecoin cryptocurrency news hpb high performance blockchain $xrp $enj $etn $ltc $dgb $ada NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Celsius Network Offers up To 12% APR on USDC, TUSD, USDT and Other Stablecoins

The Celsius app offers the industry highest rates and supports six different stablecoins all eligible to earn up to 12.03% annually with interest paid out weekly Celsius Network (https://celsius.network/), the industry-leading cryptocurrency platform, announces today it has increased interest rates for stablecoin deposits to 12.03% APR. Users who choose to earn interest in Celsius Network's blockchain-based CEL token can earn up to 30% more than the 9.25% depositors who are paid in-kind on their coins. Celsius is raising its rates because it is consistently earning higher returns on its deposits and distributes 80% of its income to its depositors; as it earns more, it distributes more. Unlike other platforms, ...Full story available on Benzinga.com
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VanEck, SolidX Pull Bitcoin ETF Filing From SEC Consideration

Less than two weeks after VanEck and SolidX rolled out the VanEck SolidX Bitcoin Trust ETF (XBTC), a bitcoin exchange traded product aimed at institutional investors, the firms said they're withdrawing plans for bitcoin exchange traded fund aimed at a broader swath of investors. What Happened The ETF issuer and the fintech firm pulled the filing from consideration by the Securities and Exchange Commission on Sept. 13. The agency had delayed an ultimate decision on that product, as it has with various other bitcoin ETF proposals, several times, but was facing a hard and fast deadline of Oct. 18 to approve or disapprove the VanEck SolidX Bitcoin Trust. “Tuesday’s filing marks the second time VanEck and SolidX withdrew the proposed ETF. ...Full story available on Benzinga.com
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IOTA Introduces Chronicle Permanode to Amend Scalability Issues

IOTA, a permissionless trust protocol designed to revolutionize the Internet of Things (IoT) ecosystem by facilitating a frictionless exchange of value between machines and humans, has announced the launch of Chronicle, a permanode solution the team hopes will give node operators an unlimited amount of storage space in their Tangle distributed database, according to aRead MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
BTC Manager

Wells Fargo Plans Blockchain-Based Internal Settlement Services

The world’s fourth-largest bank, Wells Fargo, announced plans to use its digital token to pilot internal settlement services, which would run on its distributed ledger technology (DLT) platform. Per the press release September 17, 2019, the pilot project is expected to take off in 2020 and would initially focus on USD transfers.  Digital Token forRead MoreRead More. The post by Anthonia Isichei appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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