Bitcoin News (BTC) - Page 46

Weiss Cryptocurrency Ratings implies Bitcoin copycats have no good future
Cookies are used on this Website. This is necessary in order to remember your preferences, as well as to collect analytical data about visits to the Website. Use of our Website means that you agree to the use of all cookies and analytics of Website visits in accordance with Bitnewstoday.com's Privacy Policy. The recent research by Weiss, a cryptocurrency rating firm, tells about the nature of various Bitcoin imitators. They will never get the same popularity as the original Bitcoin has, the report authors imply. As a reminder, every such imitator has a distinctive feature which Bitcoin does not, but this is clearly not enough to attract the attention of the major exchanges and investors.
January 16, 2019 1:54 PM

bitnewstoday.com

Cryptocurrency Rating Agency Says Ethereum Is Better Than Bitcoin And Ripple -- Should You Trust It
(Photo by Tomohiro Ohsumi/Getty Images) After gaining some recognition on Wall Street, cryptocurrencies have attracted the interest of asset rating agencies. Last week, Florida-based Weiss Ratings released a report that assigned grades to dozens of cryptocurrencies based on a number of metrics, like risk, technological innovation, and other fundamentals. There were a couple of surprises to the report. One of them was that none of the cryptocurrencies rated received an ?A.? Another surprise was that Ethereum received a higher grade than Bitcoin and Ripple. Source: Coinmarketcap.com Friday, January 26, 2018, 11.30 a.m.
January 16, 2019 1:52 PM

www.forbes.com

Weiss Ratings grades cryptocurrencies: Ethereum gets a B, Bitcoin a C+ | KIRO-TV
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January 16, 2019 1:51 PM

www.kiro7.com

Bitcoin Weiss ratings score unveiled: Is bitcoin a good investment | City & Business | Finance | Express
Bitcoin scored a fair C+ rating in the Weiss Cryptocurrency Ratings, sparking the ire of devout cryptocurrency adopters. The ratings agency based its judgment on bitcoin?s strong adoption and brand but warned the token failed in the Risk and Technology Indices.  Weiss, which claims to be the first of its kind, gave bitcoin?s main competitor Ethereum a higher B score because it ?benefits from more readily upgradable technology?. In fact, none of the 74 crypto tokens analysed by the agency received the highest A mark. Ethereum and EOS were the highest scorers with B. Bitcoin?s poor rating was based on the virtual currency being plagued by ?major network bottlenecks, causing delays and high transactions costs.?
January 16, 2019 1:50 PM

www.express.co.uk

Weiss Ratings grades cryptocurrencies: Ethereum gets a B, Bitcoin a C+
Unveiling its cryptocurrency grades, Weiss Ratings said Wednesday that Ethereum rates a B, or ?good,? while Bitcoin gets just a C+, for fair. No virtual money earned an A, or ?excellent.? >> What is bitcoin? What you need to know about cryptocurrency Meanwhile, Weiss Ratings founder Martin Weiss said his staff was up all night fending off denial of service attacks. The Palm Beach Gardens, Florida, company responded to the cyberattacks by expanding its server capacity. >> On MyPalmBeachPost.com: Amid Bitcoin craze, Weiss Ratings to launch cryptocurrency ratings ?Commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies,? Weiss said. ?So this may be an attempt to thwart our release today.? 
January 16, 2019 1:50 PM

www.ajc.com

Weiss Ratings gives ethereum higher rating than bitcoin
Weiss Ratings, which claims to offer the first "ratings" on cryptocurrencies, has judged ethereum to be better than bitcoin. The securities ratings agency announced Wednesday that it gave ethereum a B rating because it "benefits from more readily upgradable technology and better speed, despite some bottlenecks." Bitcoin received a "fair" C+ rating because the digital currency is "encountering major network bottlenecks, causing delays and high transactions costs," according to a release. "Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code."
January 16, 2019 1:49 PM

www.cnbc.com

Bitcoin Price Rises as First Cryptocurrency Ratings Are Released Academy caret Investopedia Logo
Bitcoin?s price limbered up slightly from yesterday but still failed to break the $12,000 barrier. According to Coindesk?s index, a single bitcoin could set you back by $11,222.71, an increase of 3.53% from its price 24 hours ago, at 13:55 UTC. The mostly sideways movement in bitcoin?s price occurred even after UBS Chairman Axel Weber told Bloomberg at the World Economic Forum that the bank will not offer bitcoin investing services to clients as government regulation of the cryptocurrency might result in a ?massive correction? and an implosion in its price.  Gains for other cryptocurrencies outpaced that of bitcoin. Among the top 10 most-traded coins, Stellar?s Lumens was the biggest gainer, rising by 26.13% to trade at $0.57. The cryptocurrency, which shares technology with Ripple?s XRP, might soon be on payments processor Stripe's network. 
January 16, 2019 1:48 PM

www.investopedia.com

Amid Bitcoin craze, Weiss Ratings launches cryptocurrency grades - Business - The Palm Beach Post - West Palm Beach, FL
Weiss Ratings, the Palm Beach Gardens company known for grading banks, insurers and stocks, is adding a new subject to its report card: cryptocurrency. Weiss Ratings said Wednesday that it will release letter grades for Bitcoin, Ethereum and dozens of other cryptocurrencies on Jan. 24. New ratings: Ethereum gets a B, Bitcoin a C+ Weiss Ratings is best known for a cautious approach to investing, and founder Martin Weiss acknowledges that grading cryptocurrencies represents "a departure." He says he?s not advising investors whether to include cryptocurrencies as part of their portfolios. Rather, he wants to offer objective advice.
January 16, 2019 1:48 PM

www.palmbeachpost.com


Op-Ed: The Weiss Cryptocurrency Ratings Are Laughably Bad | Bitcoin Magazine Verified on Po
Op-Ed: The Weiss Cryptocurrency Ratings Are Laughably Bad In the current cryptocurrency hysteria, everyone is a level 70 blockchain wizard launching a new hedge fund. Weiss Ratings released their cryptocurrency ratings yesterday. In response, they received a lot of criticism on social media. And rightly so. I?ll get to the specific issues with the Weiss Cryptocurrency Ratings, but first I need to point out that the low quality of these ratings is merely an illustration of the current hysteria around cryptoassets more generally. Weiss Ratings has a long history as an independent ratings agency covering traditional assets, but it?s clear they don?t understand Bitcoin at all. However, they?ve proclaimed that they?re the cryptocurrency experts who can tell you whether speculating on the price of a specific token is a safe bet.
January 16, 2019 1:47 PM

bitcoinmagazine.com

HedgeMaven - Weiss Cryptocurrency Ratings Shares 2019 Forecasts: Bitcoin, Ripple, EOS, Cardano, & More - Invest In Blockchain
Weiss Cryptocurrency Ratings Shares 2019 Forecasts: Bitcoin, Ripple, EOS, Cardano, & More  Invest In Blockchain Weiss Cryptocurrency Ratings has released their predictions on how Bitcoin and other cryptocurrencies will fare in 2019 and beyond. Here are the top 7. ConsenSys has invested in new publishing platform by WordPress and will provide its blockchain-powered native plugin for the newsrooms BitGo & Genesis Trading Want to Help Whales Avoid Crypto Exchanges  CCN Blockchain security firm BitGo has entered a partnership that will allow its clients to trade cryptocurrency assets that are held in its custody.
January 16, 2019 1:46 PM

hedgemaven.com

Weiss Ratings Shares New Crypto 2019 Forecasts: Bitcoin to $20,000+ USD, XRP Could Go Number 1
The cryptocurrency industry has seen a wild two years of activity. During 2017, the industry saw Bitcoin get incredibly close to the $20,000 market, and the altcoins managed thrive at the same time. However, the subsequent year was a roller coaster that kept pushing the various digital assets down to barely a fraction of their highest high. Now, Weiss Cryptocurrency Ratings has predictions for what is about to happen in 2019. Even though Weiss recognizes the drastic problems with the price in the crypto industry, they also saw ?major progress? in the technology during that time. Overall, there are seven different forecasts that Weiss Rating has notified the public of. Those predictions include:

50 Cent Tells Feds: Bitcoin Fortune Was Fake News | Zero Hedge
Integrity Initiative And Affiliates Behind Multiple Attacks On Disobedient Media Less than a month after rapper 50 Cent reportedly declared that he had accidentally amassed an $8 million fortune by holding on to a cache of bitcoins he received back in June 2014, the Queens-born rapper and actor said in sworn testimony that the bitcoins never existed. According to TMZ and The Blast, the rapper filed a sworn declaration in bankruptcy court saying " never owned and not now own, a Bitcoin account or any Bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present.?
January 16, 2019 1:44 PM

www.zerohedge.com

50 Cent now millionaire thanks to bitcoin - Entertainment - The Jakarta Post
In 2014, 50 Cent released his album ?Animal Ambition? and became the first musical artist who accepted bitcoin as a payment. (Shutterstock.com/Jamie Lamor Thompson) United States rapper 50 Cent has recently found out that he is a millionaire in bitcoins, thanks to sales of a previous album. In 2014, 50 Cent released his album Animal Ambition and became the first musical artist who accepted bitcoin as payment. According to TMZ, he let his bitcoin account lie untouched, and just recently discovered that he is a bitcoin millionaire. 50 Cent said on his Instagram account that he had forgotten he accepted the cryptocurrency as a form of payment.
January 16, 2019 1:44 PM

www.thejakartapost.com

50 Cent allowed fans to buy his 2014 album Animal Ambition using Bitcoin earning him MILLIONS
News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Scores of people scoffed at the rapper?s decision to embrace the volatile digital currency but less than four years later, the 42-year-old is laughing all the way to the bank RAPPER 50 CENT made a fortune when he released Animal Ambition in 2014 after deciding to accept bitcoin as payment. Scores of people scoffed at the rapper?s decision to embrace the volatile digital currency but less than four years later, the 42-year-old is laughing all the way to the bank. At the time Fiddy ended up with around 700 bitcoin from those who decided to pay for Animal Ambition with the cryptocurrency.
January 16, 2019 1:44 PM

www.thesun.co.uk

50 Cent Earns Millions Selling Album For Bitcoin
We all like to say we invested in Bitcoin before it was cool, but one person ? 50 Cent ? actually did and now, he?s reaping the rewards. The rapper became the first to accept Bitcoin as payment when he released the album Animal Ambition back in 2014. At the time Bitcoin was valued at around $662. TMZ sources say Animal Ambition pulled in around 700 Bitcoin in sales, raking an amount over $400k. The money sat there untouched for years? until now. Today, Bitcoin?s value has risen to between $10k and $12k per coin, which means Fiddy is sat on a cushy $7/8.5 million. However, the market isn?t looking too good at present, so he might want to think long and hard about his newfound fortune.
January 16, 2019 1:43 PM

www.unilad.co.uk

Bitcoin's newest millionaire: Rapper 50 Cent | Fox Business
By Jade ScipioniPublished January 26, 2018Personal FinanceFOXBusiness Hip-hop star Curtis ?50 Cent? Jackson said he completely ?forgot? that he accepted bitcoins for one of his albums four years ago, making him the latest millionaire of the cryptocurrency, with a stake reportedly worth more than $7.5 million. ?Not bad for a kid from South Side, I?m so proud of me,? Jackson wrote in an Instagram post after TMZ first reported the story. A spokesperson for Jackson also confirmed the report to FOX Business. In 2014, way before the bitcoin craze hit, Jackson accepted the digital currency as payment for his album, Animal Ambition. The rapper earned around 700 bitcoins through record sales, with each being worth around $662 at the time according to CoinDesk, which puts its total worth at over $460,000.
January 16, 2019 1:43 PM

www.foxbusiness.com

50 Cent Claims He Doesn't Own A Bitcoin Fortune | HipHopDX
50 Cent is denying recent media claims of him having a fortune in Bitcoin, according to new bankruptcy documents obtained by The Blast. In the midst of the cryptocurrency boom, it was reported that 50 made $8 million by accepting Bitcoin as payment for his 2014 Animal Ambition album. When the story initially broke, the G-Unit leader bragged about the news on social media. One since-deleted post said, ?I know I make you sick but excuse me I?m getting to the bag #denofthieves,? while another stated, ?Not bad for a kid from South Side, I?m so proud of me.? Now, 50 is facing accusations of failing to reveal his cryptocurrency assets in bankruptcy court. In response, 50 claims he ?never owned, and does not own, a bitcoin account or any bitcoins, and to the best of his knowledge, none of his companies had a bitcoin account from 2014 to the present? in a statement to the court.
January 16, 2019 1:43 PM

hiphopdx.com

Rapper 50 Cent now millionaire thanks to bitcoin, Entertainment News - AsiaOne
United States rapper 50 Cent has recently found out that he is a millionaire in bitcoins, thanks to sales of a previous album. In 2014, 50 Cent released his album Animal Ambition and became the first musical artist who accepted bitcoin as payment. According to TMZ, he let his bitcoin account lie untouched, and just recently discovered that he is a bitcoin millionaire. 50 Cent said on his Instagram account that he had forgotten he accepted the cryptocurrency as a form of payment. By the time the album was released in late 2014, Billboard wrote an article titled "9 albums that flopped in 2014 (or did they?)", and mentioned Animal Ambition as one of the flops that year. Billboard wrote, "Despite plenty of publicity, 50 sold less than a third of the first-week sales for his previous studio effort."
January 16, 2019 1:43 PM

www.asiaone.com

50 Cent Forgot He Had $8 Million In Bitcoin - hypebot
Rapper 50 Cent is enjoying a surprise windfall of almost $8 million after suddenly remembering that he had a stash of the cryptocurrency Bitcoin. According to Newsweek, 50 Cent gained the bitcoins when he accepted the cryptocurrency as payment for his 2014 album Animal Ambition.? ?I?m a keep it real I forgot I did that shit. Lol,? 50 Cent said in a now-deleted comment on Instagram. Newsweek reported that fans paid 50 Cent 700 bitcoin for the album, which only sold 124,000 copies. In 2014, Bitcoins were priced between $770 at the start of the year but were trading at the mid $350 range by December 2014. Now, even after falling by almost 50% since the end of 2017, Bitcoins are trading at a comfortable $11120.00.
January 16, 2019 1:43 PM

www.hypebot.com

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