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   1655

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.

Argo to Report on Mining Profitability Increase in Q2

It was also reported that by the end of June, company owns about £ 3 million in crypto assets, which is 7.7% higher than expected
03 July 2019   239

The British mining company Argo Blockchain published a financial report for the second quarter of 2019, according to which its revenues increased significantly in the second quarter, exceeding its own expectations.

So, in comparison with the previous report, published in early June, the income from mining Argo Blockchain increased by 24%. The increase in profitability from mining at the same time turned out to be proportional to the increase in the Bitcoin price observed during the recent period.

The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019. This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.
 

Argo Blockchain Team

Argo Blockchain also said that as of the end of June, the company owns about £ 3 million in cryptocurrency assets, which is 7.7% higher than expected.

Also Argo Blockchain intends to expand its activities. In particular, the company plans to deploy another 2500 miners in Quebec by the end of the third quarter, which is also expected to significantly increase revenues.

Our better-than-expected mining performance reflects both improving industry conditions as well as Argo's business strategy, which has enabled it to rapidly ramp up operations and thereby take full advantage of the upturn. As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.
 

Mike Edwards

Executive chairman, Argo

It should be noted Argo Blockchain was the first cryptocurrency company, the placement of shares of which was approved by the London Stock Exchange last June.