Weiss Cryptocurrency Ratings Face DDoS Attacks

Weiss Cryptocurrency Ratings reported not being heavily damaged after DDoS attacks the night before the release of highly anticipated cryptocurrency ratings list
25 January 2018   757

On January 22, we have reported that Weiss Ratings, an independent rating agency of financial institutions, had announced it would issue letter grades on cryptocurrencies, basing them on a model that analyzed thousands of data points on each coin’s technology, usage, and trading patterns.

On January 24, Weiss Ratings reported that the team of the project was busy all night before the release of the ratings trying to avert service attacks from Korea, which were aimed at bringing down the Weiss Ratings website.

Earlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies. So this may be an attempt to thwart our release today.
 

Martin D. Weiss

Founder, Weiss Ratings

Moreover, the founder of Weiss Rating stated that more than 100,000 unique visitors explored the website within just several hours, almost entirely from Asia, and the Weiss Ratings staff had to expand the server capacity on the cloud many times over in order to handle the volume.

Weiss Cryptocurrency Ratings ExampleWeiss Cryptocurrency Ratings Example

Nevertheless, the attacks did not damage the website and the ratings were successfully released, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Cardano, NEM, Litecoin, Stellar, EOS, IOTA, Dash, NEO, TRON, Monero, Bitcoin Gold and many others, causing a lot of controversy and arguments in the cryptocurrency community.

German Exchange to launch Bitcoin Products

Deutsche Boerse, the Frankfurt Stock Exchange holder, is deciding about the providing cryptocurrency products
24 May 2018   75

Reporting in London on Wednesday, at a significant event of the sphere, Jeffrey Tessler (the firm's chief of customers, products and core markets), declared: "We are deep at work with it." Nevertheless, any move into the crypto space from the stock exchange might not be forthcoming fast. When CME Group and Cboe Global Markets both started bitcoin futures trading last December, Tessler further claimed during the event that Deutsche Boerse is "not at the same stage." According to his point of view, the company is attempting to understand the volatility of the bitcoin market first and insuring clients and regulators are "in line" before stepping ahead with any offerings.

Whilst a move into offering bitcoin products is not definite, the exchange has already been active in the blockchain field. Deutsche Boerse unvealed details to CoinDesk about its plan to move the majority of its post-trade services to a blockchain last June. It affirmed at the time that it was interested in building a system, using Hyperledger's open-source Fabric protocol, in order to transfer securities and move commercial bank money, while still undertaking cross-jurisdictional compliance with regulators.

Also, as recently as March, the group declared it wish to deploy a platform for more operative securities lending using R3's Corda blockchain tech.