Sunday, January 21, 2018

U.S. Rating Agency to Issue Bitcoin and Cryptocurrency Grades Wednesday :


Additional wall street money might start making its way into cryptocurrency investments soon. An American rating agency is set to issue for the second time, and may be in the future.

Weiss Cryptocurrency Ratings

Weiss Ratings, a US independent rating agency, January 14, 2016. Beyond market leading bitcoin (BTC), Ripple's XRP, the rating agency will also end issues for etheric (ETH) , bitcoin cash (BCH), cardano (ADA), NEM (XEM), litecoin (LTC), stellar (XLM), EOS, IOTA, Dash, NEO, TRON, Monero (XMR), bitcoin gold (BTG) and many others .

The rating agency, which was founded in 1971, ranks on 55,000 institutions and investments including banks, credit unions, insurance companies, stocks, ETFs and mutual funds. Unlike Standard & Poor's, Moody's, Fitch and A.M. Best, Weiss Ratings prides itself on never accepting compensation of any kind.

The Importance of a Rating for Bitcoin

The new cryptocurrency ratings are a first for any U.S. financial rating agency. They are said to be based on technology, use, and trading patterns. Enabling partners to invest in investments, they also want to invest in investment

"Many cryptocurrencies are murky, overhyped and vulnerable to crashes. The market desperately needs the clarity that only robust, unbiased ratings can provide, "said Weiss Ratings founder, Martin D. Weiss, PhD. "We're proud to be the first to bring that benefit to investors - to help them cut through the hype and identify the few truly solid cryptocurrencies. Our ratings are based on hard data and objective analysis. But they're bound to create controversy, some degrees that may come as a surprise to some people. "

Will this development help make bitcoin more mainstream on Wall Street? Tell us what you think in the comments section below.

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