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| November 15, 2018

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Cops: Women Beat McDonald’s Manager Over Ketchup

November 15, 2018 |

Police are seeking a woman who pushed, punched, and choked a McDonald’s manager because she wanted ketchup. Police in Santa Ana, California, say the assault took place around 11pm on Oct. 27 when the drive-thru customer entered the restaurant through an employee door and asked for the condiment. Video released…

MTV Owner’s Streaming Strategy: If You Can’t Beat Them, Feed Them

October 21, 2018 |

Viacom is rebooting MTV’s “The Real World” franchise for Facebook, the latest sign that the cable-TV giant has stopped fighting the growing dominance of digital players like Netflix and is instead producing shows—and soon movies—for them. US Business


Wiz Khalifa Promises Music Video and 100 Remixes of ‘I’ll Beat Yo Ass!’

October 20, 2018 |

Wiz Khalifa is so jacked up about his song with Tyron Woodley … he’s tellin’ TMZ Sports 100 different versions of it are on the way!!! We got Wiz leaving The Forum on Wednesday night when we brought up the magic words that turned him from…

Weiss Ratings Backtracks After Tipping Ethereum to Beat Bitcoin

September 20, 2018 |

Weiss Ratings Backtracks After Tipping Ethereum to Beat Bitcoin

Weiss, the financial ratings agency that recently took a shine to cryptocurrency, has caught flak over its latest claim. After Weiss Ratings issued a tweet predicting BTC to lose 50% of its market share to ETH, the firm was forced to backtrack in the face of widespread scorn. It’s not the first time Weiss has made a bad crypto call.

Also read: Apocalyptic Predictions About Privacy Coins Are Very Wide of the Mark

Weiss Still Doesn’t Get Bitcoin

Like a new kid in school desperate to make a big impression, Weiss Ratings came out swinging upon entering the world of cryptocurrency. A series of bold and often controversial ratings of blockchain projects achieved the goal of attracting attention from the crypto community Weiss courted. Seemingly operating under the mantra that any publicity is good publicity, Weiss has continued to dispense misguided predictions with the absolute certainty that only a newb could possess. Its latest proclamation might just be its oddest yet:

Weiss Ratings Backtracks After Tipping Ethereum to Beat Bitcoin

Describing Bitcoin as a “one-trick pony” is as audacious as it is disingenuous. That one trick Bitcoin does well – deliver fully decentralized and censorship-resistant money – is worth more than a million all-singing, all-dancing blockchains that can be shut down with the flick of a switch. Ethereum is at least decentralized, certainly compared to most other blockchain projects, but even its staunchest advocates would balk at waxing lyrical over its “superior blockchain technology”. The project doesn’t even scale at present, and Ethereum network congestion has become the norm rather than the exception.

Weiss Executes a Volte-Face

Weiss Ratings Publishes Complete List of 93 Cryptocurrency RatingsAfter being called out over its cringeworthy tweet, Weiss backtracked, tweeting: “In 5 yrs we see #ETH-LIKE platform dominating the market – not necessarily ETH. Hard to predict which project dominates, but we feel usefulness and flexibility of ETH will be the standard. We apologize for not being clear.” It also linked to the third party article where the assertion that Bitcoin would lose half of its market share to Ethereum in five years originated. (The article, for the record, can be wholly discounted since the claim came from the founder of an art project shilling their Ethereum ICO.)

“Experts” such as Weiss Ratings are perfectly entitled to issue predictions about where they see the market going, but tipping ETH to beat BTC is surely a false dichotomy since each project is designed to solve a different problem, and thus the market share of the one is largely dissociated from the other. Last month, reported on Weiss’ embarrassing pronouncements on privacy coins, the agency advising that “efforts to discourage the usage of privacy coins for illicit activities would not hurt the crypto industry. Nor would it deny citizens protection from invasions of their privacy.”

Just as CNBC’s bitcoin price predictions have been memed into a contra-indicator by crypto Twitter, Weiss Ratings’ assertions are going the same way. Whatever Weiss happens to believe, there’s a very good chance that the opposite is true.

What do you think of Weiss Ratings’ cryptocurrency predictions Let us know in the comments section below.

Images courtesy of Shutterstock, and Twitter.

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The post Weiss Ratings Backtracks After Tipping Ethereum to Beat Bitcoin appeared first on Bitcoin News.

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Tyron Woodley Drops Rap Single with Wiz Khalifa, ‘I’ll Beat Yo Ass!’

September 14, 2018 |

Fresh off his destruction of Darren Till, UFC champ Tyron Woodley is now targeting the rap game — dropping his first single with Wiz Khalifa … “I’ll Beat Yo Ass!!!” The Chosen One gave us a taste on ‘The Hollywood Beatdown’ — explaining how a…

Guess’ stock jumps after its earnings beat forecasts, with growth in Europe and Asia

August 30, 2018 |

Guess Inc.’s stock rose sharply Thursday after the Los Angeles apparel company, which is trying to reverse years of slumping earnings, reported second-quarter profit that topped expectations.

The stock gained 5.7% to $ 24.25, putting it up 50% in the last 12 months. Earlier in the day, it was up…

L.A. Times – Business

To Beat the Heat, North Koreans Dine on Dog

July 25, 2018 |

In North Korea, summer is not a good time to be a dog. With the country sizzling, North Korea’s biggest brewery is pumping out twice as much beer as usual, Pyongyang residents are queuing up to get their “bingsu”—a syrupy treat made with shaved ice—and restaurants are serving…


FOX Pulls Demi Lovato Episode of ‘Beat Shazam’ After Her Overdose

July 24, 2018 |

Demi Lovato was scheduled to appear on Tuesday night’s episode of “Beat Shazam,” but FOX has replaced it following her apparent heroin overdose … TMZ has learned. FOX says, “In light of recent reports, we have decided to replace the episode…

Kylie Jenner on Track to Beat Billionaire Record

July 12, 2018 |

Kylie Jenner is known as a reality TV star and a model. But the Keeping Up With the Kardashians star is, at, 20, also an extremely successful businesswoman and is on course to become the youngest self-made billionaire ever, reports Forbes , which estimates her current fortune at $ 900 million. Most…

Cop Removed From Beat After Puerto Rico Shirt Incident

July 11, 2018 |

A park police officer in Chicago has been assigned to desk duty while officials investigate his response to a woman who said she was being harassed for wearing a shirt with the Puerto Rican flag, the AP reports. Mia Irizarry complained that a man at Caldwell Woods, where she was…