Weiss Ratings Named 12 "Weakest Cryptocurrencies"

Citing several factors, including risks for investors, technological features and popularity, the agency named 12 "weakest" coins
16 March 2018   1289

Weiss Ratings, one of the world's largest rating agencies, presented a new analysis related to the crypto-currency market, which included 12 of the weakest digital assets this time.

Citing several factors, including risks for investors, technological features and popularity, the agency assigned these alphanumeric ratings from D to E, where D means "weak", and E - "very weak".

According to Weiss Ratings, at present traders should avoid investing in the following crypto-currencies:

  • Auroracoin (D-)
  • Comet (E-)
  • Electroneum (E+)
  • Expanse (E)
  • Gulden (D-)
  • Matchpool (E)
  • Megacoin (E-)
  • Novacoin (E)
  • PotCoin (D-)
  • Quark (E-)
  • Rise (D-)
  • SaluS (E-)

Many newcomers rush into cryptocurrencies precisely at the wrong time — when speculative buying has reached a frenzy, crypto exchanges are overwhelmed and prices are on the brink of the next crash.

That’s a shame for two reasons: They lose a lot of money. Then they lose interest, bow out and miss out on the truly big opportunities.
 

Martin

Weiss Ratings

Recently, agency upgraded the rating of bitcoin from C + to B- in light of the development of technology Lightning Network.

Bakkt to be Launched in December

It is also reported that Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure
19 October 2018   53

The expected launch of the Bakkt will take place on December 12 of this year. It is reported by The Block, citing informed sources.

Also, the material states that the investment bank Goldman Sachs does not plan to create custodial cryptocurrency solutions based on the Bakkt infrastructure. At the same time, the bank is considering the possibility of trading futures on a new platform.

In a recent Fortune interview with Bakkt, Kelly Lofler said that the cryptocurrency market is on the verge of a revolution comparable in size to the one that occurred on the energy market in the early 2000s.

Greater institutional participation in the digital asset markets requires secure and regulated custody solutions. We are impressed by BitGo’s product, unique services, and the management team. We view our investment in BitGo as an exciting opportunity to contribute to the evolution of this critical market infrastructure.
 

Rana Yared

Managing director, Goldman Sachs’ Principal Strategic Investments group

Bakkt is a cryptocurrency unit of the Intercontinental Exchange (ICE), which is the operator of the New York Stock Exchange. Giants such as Microsoft and Starbucks are taking part in creating of the new project, which is positioned as an “ecosystem for digital assets”.

The new platform will offer deliverable bitcoin futures to the market (unlike the settlement contracts for CBOE and CME, these are based on the underlying asset). The platform will support multiple fiat currencies.