Image Image Image Image Image Image Image Image Image Image Image Image

| June 22, 2018

Scroll to top

Top

List Archives -

Add Audi CEO to List of Busted VW Execs

June 18, 2018 |

German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of the investigation into the manipulation of emissions controls. The move is an extension of the emissions scandal that has rocked Volkswagen since 2015 and led to billions in fines, the arrest of executives,…
Newser

Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings

May 31, 2018 |

Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings

US independent rating agency, Weiss Ratings, has published its complete list of 93 cryptocurrency ratings. The company has upgraded its BTC rating to B-. The list shows 14 coins with B ratings including ETH, IOTA, NEO, XRP, STEEM, TRX, and XLM. Fifty-four of the rated cryptocurrencies carry C ratings.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Complete List of 93 Crypto Ratings

On Tuesday, May 29, Weiss Ratings made public its complete list of 93 cryptocurrencies rated by the company. The American independent rating agency, founded in 1971, has been rating approximately 55,000 institutions and investments such as stocks, ETFs, mutual funds, insurance companies, banks, credit unions, and cryptocurrencies.

Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings

Compiled on Friday, the list shows an overall rating of B- for BTC and C- for BCH. It can be obtained by signing up with an email address on the company’s website until June 4.

Weiss Ratings Publishes Complete List of 93 Cryptocurrency RatingsNo cryptocurrency on the list has received an A or a B+ rating. Overall, fourteen coins were rated B or B-. ADA, DCR, EOS were rated B, whereas BTC, ETH, BTS, IOTA, ONT, NEO, XRP, STEEM, TRX, XLM, and ZIL were rated B-.

54 cryptocurrencies were rated either C, C+ or C-. They include BCH, DASH, DOGE, ETC, LSK, LTC, XMR, XEM, QTUM, SC, STRAT, UBQ, VEN, WAVES, and ZEC.

Weiss Cryptocurrency Ratings

The company started publishing crypto ratings on January 24 with the launch of “Weiss Cryptocurrency Ratings” that are “based on a groundbreaking model that analyzes thousands of data points on each coin’s technology, usage, and trading patterns,” the company described.

Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings

At launch, Weiss Ratings gave BTC a C+, citing that “Bitcoin (rated C+) gets excellent scores for security and widespread adoption. But it is encountering major network bottlenecks, causing delays and high transactions costs. Despite intense ongoing efforts that are achieving some initial success, Bitcoin has no immediate mechanism for promptly upgrading its software code.”

Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings“Investors should interpret the Weiss Cryptocurrency grade scale with these terms,” the company explained. “A = excellent; B = good; C = fair; D = weak; [and] E = very weak.” In addition, Weiss Ratings wrote, “A plus or minus sign indicates the upper third or lower third of a grade range, respectively. In addition, an F grade is assigned to cryptocurrencies that have failed or are subject to credible allegations of fraud.” The company’s list of 93 crypto ratings does not contain any coin with an F rating.

Under its system, Weiss Ratings elaborated:

Cryptocurrencies do not have to achieve an A grade to merit interest by investors. A ‘B’ or even ‘B-‘ also qualify as the investment rating equivalent to ‘buy.’ At the same time, investors should not be overly alarmed by a ‘C’ rating. It is a passing grade; and for investors, implies the equivalent of ‘hold.’

What do you think of Weiss’ crypto ratings? Let us know in the comments section below.


Images courtesy of Shutterstock and Weiss Ratings.


Need to calculate your bitcoin holdings? Check our tools section.

The post Weiss Ratings Publishes Complete List of 93 Cryptocurrency Ratings appeared first on Bitcoin News.

Bitcoin News

NATO Has No List of Those Who Died on Its Watch

May 25, 2018 |

As NATO shifted into new headquarters in recent weeks, part of the move involved a tombstone-like chunk of polished granite, a memorial to those who paid the ultimate price in service of the military alliance. But ask NATO officials who is among those fallen and the answer usually refers back…
Newser

Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece

May 14, 2018 |

Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece

In Monday’s Bitcoin in Brief, Belgium’s financial watchdog, which earlier this year published a warning about potentially fraudulent platforms promising fast and easy profits to crypto investors, has just expanded its blacklist. In Russia, reports have surfaced of a plot to assassinate Alexander Vinnik in Greece, where he fights an extradition request from US authorities accusing him of laundering billions of dollars, including funds from the hacked Mt. Gox. Elsewhere, Australia allocates budget for blockchain research, and Dubai-based exchange Bitoasis suspends dirham withdrawals.

Also read: This Week in Bitcoin: Ghost Scares Markets, Facebook Mulls Coin

Belgium Expands List of Fraudulent Crypto Platforms

Belgium’s Financial Services and Markets Authority has expanded its list of unauthorized and potentially fraudulent crypto companies operating in the country. The financial watchdog has recently published a new warning noting that “the FSMA is receiving an increasing number of consumer complaints regarding investments in cryptocurrencies [and] once again warns the public about these platforms, often operated by fraudsters who are now resorting to cryptocurrencies to swindle consumers.” The regulator also said that people who have invested through these platforms often complain they never recover their funds.

Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece

In March, the FSMA published its first list of 19 suspicious crypto platforms saying it had received “questions or complaints from consumers and has established indications of fraud,” as news.Bitcoin.com reported. The agency stressed that the compilation does not include all questionable crypto trading platforms, but only those whose fraudulent practices have been reported by consumers. Last week the Belgian financial authority reminded investors that these companies usually claim to offer the best trading platforms for both beginners and professionals.

Plot to Assassinate Vinnik Uncovered in Greece

Law enforcement authorities in Greece have reportedly uncovered a plot to kill Alexander Vinnik in jail. The Russian national was detained in Greece at the request of the United States on suspicions of money laundering in connection with the Mt. Gox hack. “Greek law enforcement received intelligence on plans to prepare an assassination via poisoning with the help of criminals. The head of the prison and the prosecutor of the city of Thessaloniki have summoned Vinnik and informed him about the plot. Special security measures were taken in connection with that,” a source familiar with the details told Sputnik.

Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in GreeceAccording to the report, Vinnik is not allowed to accept any items, including food or beverages, from people he doesn’t know. His contacts with other inmates have been limited and measures have been taken to improve his personal security. Greek police received information about the murder plot earlier this year but it was not made public in order to help the investigation. The presumed murder attempt is said to be linked to the criminal underground and not the special services of any country. According to the quoted source, the assassination has been ordered by someone in Russia. Vinnik has recently expressed readiness to testify to Russian authorities for fintech-related crimes in his home country.

Alexander Vinnik was arrested in Greece in July last year at the request of authorities in the US, where he is suspected of laundering between $ 4 and $ 9 billion dollars through the now defunct cryptocurrency exchange BTC-e, including funds obtained from the notoriously hacked bitcoin exchange Mt. Gox. Russia has also asked for his extradition on other charges and Vinnik himself prefers to cooperate with law enforcement agencies in Moscow. The Russian IT specialist has also filed a petition for political asylum in Greece hoping to avoid extradition to the United States.

Australia to Finance Blockchain Research Through Budget

Australian authorities intend to finance the research of blockchain technologies through the federal budget for 2018/2019. According to the annual budget report, the government will provide additional $ 0.7 million AUD (>$ 0.5 million USD) for the Digital Transformation Agency (DTA) which will be tasked to investigate areas where blockchain technology could offer the most value for government services. The agency is expected to use the funds to conduct “research to determine the current maturity of blockchain, assess the readiness for government to adopt the technology, and identify problems that blockchain might be able to solve,” and also, to “understand the potential of using blockchain to support government services.”

Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece

Set up in 2015, DTA aims to facilitate the digitization of the Australian government. The agency has received a total of $ 92.4 million AUD (almost $ 70 million USD) in this year’s budget. That means the funds allocated for blockchain research are less than 1%. Nevertheless, the country has already recognized cryptocurrencies like bitcoin and passed legislation that treats cryptos like fiat money in the context of anti-money laundering and counter-terrorism financing policies. In April, Australia introduced regulations for cryptocurrency exchanges. The country’s financial regulator, the Australian Securities and Investments Commission, has taken measures against “deceptive and misleading initial coin offerings.”

Dubai Exchange Bitoasis Suspends Dirham Withdrawals

Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in GreeceDubai-based cryptocurrency exchange Bitoasis has announced a temporary suspension of deposits and withdrawals in UAE dirhams. The trading platform warned its customers that if they want to access their dirham balances or deposit dirhams into in their accounts via wire transfers they will have to initiate an order no later than Tuesday, May 15. Such transactions will not be processed after that date. According to the notice sent to account holders, credit card deposits will be possible until June 16.

In the letter, quoted by Arabian Business, Bitoasis claims the restrictions were imposed due to issues with the bank it works with. Other means of buying and selling cryptocurrencies on the platform, as well as digital coin withdrawals to other wallets, are not affected, the exchange noted. “If you decide to leave your fiat balances, the only way for you to withdraw your funds at any time after May 15 would be to convert them to cryptocurrency and send them to an external wallet,” the statement reads. Bitoasis warns clients that it cannot provide a specific date for reactivating AED fiat withdrawals.

What are your thoughts on today’s Bitcoin in Brief stories? Tells in the comments section below.   


Images courtesy of Shutterstock.


Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.

The post Bitcoin in Brief Monday: Belgium Expands List of Fraudulent Crypto Platforms, Plot to Kill Vinnik Uncovered in Greece appeared first on Bitcoin News.

Bitcoin News

China Draws Up Shopping List of American Goods to Avoid Trade War

May 10, 2018 |

China likely will offer to import more U.S. goods during negotiations in Washington next week as the two sides see one of the best ways to avert an all-out trade war is for Beijing to buy American.
WSJ.com: What’s News Asia

China Draws Up Shopping List of American Goods to Avoid Trade War

May 10, 2018 |

China likely will offer to import more U.S. goods during negotiations in Washington next week as the two sides see one of the best ways to avert an all-out trade war is for Beijing to buy American.
WSJ.com: US Business

7 ‘Classics’ to Take Off Your Reading List

April 28, 2018 |

If you’ve ever found yourself struggling through a so-called “classic” book only to find yourself thinking, “How racist/sexist/boring,” you’re not alone. The editors of GQ, along with some current authors, have put together a list of 21 such books (technically 20, because one of them got two votes) that are…
Newser

Time ‘Most Influential’ List Includes Youngest Honoree

April 19, 2018 |

Time is out with its annual list of the 100 most influential people in the world, and the unnumbered list includes President Trump, of course. Ted Cruz wrote the accompanying blurb , explaining that Trump “is a flash-bang grenade thrown into Washington by the forgotten men and women of America.” Sure,…
Newser

Trump administration ramps up trade war with China by releasing list of new tariffs

April 3, 2018 |

The Trump administration on Tuesday escalated the brewing trade war with China by releasing a long list of imports that could soon be slapped with 25% tariffs.

The move is likely to be met with retaliatory action from China and could further rattle stock markets and raise fears of higher consumer…


L.A. Times – Business

TMZ

Tim Allen’s ‘Last Man Standing’ Top of FOX’s Reboot List

March 29, 2018 |

The reboot bug has bitten FOX hard, and the biggest beneficiary is Tim Allen’s recently-canceled show, “Last Man Standing.” Our FOX sources tell us Allen’s show — which was controversially canceled last year — is now under serious consideration…

TMZ.com