Top stories in the Crypto Roundup today:

• Weiss Crypto Ratings Adjusts Methodology to Favor Adoption, Punish Copy-Cats
• Ethereum’s Developers Reconsider Its ‘Difficulty Bomb’ Timing
• Traditional Asset Manager WisdomTree Launches Bitcoin ETP

At the time of writing, bitcoin (BTC) is trading at $7,209.35 (-1.61 %) with a daily Top Tier volume of $1.36 billion. As for ether (ETH), it is trading at $145.86 (-1.10 %) with a daily Top Tier volume of $216.98 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 2,436.11 (-1.56%).

Weiss Crypto Ratings Adjusts Methodology to Favor Adoption, Punish Copy-Cats

Weiss Crypto Ratings, the cryptocurrency division of independent financial ratings agency Weiss Ratings, has changed its rating methodology to reward adoption and punish copy-cat cryptocurrencies.

The firm’s changes revolved around technology, uniqueness, adoption, and market performance. As developers can copy and paste open-source code, make a few changes to it, and claim they’re crypto is revolutionary, Weiss is penalizing copy-cats and now requires a “more unique and robust” blockchain to merit projects with good grades.

Moreover, taking into account the “network effect” that sees large cryptocurrencies like Bitcoin and Ethereum grow simply because of their network’s size, adoption is taking a larger role in Weiss Crypto Ratings’ Tech/Adoption grade.

The firm also acknowledged that while volatility in the space dropped since it was launched, it is still above what would be expected. As such, it renamed its Risk/Reward factor to Market Performance, and noted it’ll play a smaller role in the overall rating of a cryptoasset.

So far these changes have positively affected cryptos like BTC and ETH, but negatively affected a few others like Cosmos (ATOM) and Fantom (FTM), which are still among the top when it comes to technology, according to Weiss Crypto Ratings.

Ethereum’s Developers Reconsider Its ‘Difficulty Bomb’ Timing

A new Ethereum Improvement Proposal (EIP) could see the cryptocurrency’s developers scheduled a hard fork to delay its “difficulty bomb” for another 4 million blocks, or about 600 days. The “difficulty bomb” is set to trigger what’s known as Ethereum’s “Ice Age’ by increasing hashing difficulty on the network, to force it to transition from its Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS).

The proposed Ethereum hard fork would add the first phase of the transition to PoS, also known as ETH 2.0, creating a bridge between the current consensus mechanism and the new one. Developers have reportedly reached a rough consensus regarding the new EIP to delay the ‘difficulty bomb.’

This notably could mark the third time since 2015 the ‘difficulty bomb’ has been extended, as in 2018 the Byzantium hard fork delayed it by 3 million blocks, and in February of this year the Constantinople hard fork delayed it by another 2 million blocks.

Traditional Asset Manager WisdomTree Launches Bitcoin ETP

WisdomTree, a traditional asset manager with $60 billion worth of client assets under management, has launched a physically-backed Bitcoin exchange-traded product (ETP). The Bitcoin ETP is listed on the Swiss stock exchange SIX and has a management fee of 0.95%.

Alexis Marinof, head of Europe at WisdomTree commented that the firm has “seen enough to believe that digital assets, like Bitcoin, are not a passing trend and can play a role in portfolios.” Rafi Aviav, head of product development, capital markets, and technology at the firm added that:

“Cryptocurrencies are potentially the next asset class to benefit from increased interest when they become accessible in an ETP structure. We have developed a solution which addresses the difficulties investors face in accessing digital assets and are bridging the gap between the underlying decentralized online blockchain technology and traditional investment structures.”

Several other cryptocurrency ETPs are listed on SIX, with fintech firm Amun AG having a total of nine of these products on the exchange. Crypto ETPs allow investors to gain exposure to the underlying asset without having to directly hold it.

mBitcasino - A week of crazy offers!

For some, Black Friday ends in a day, for others, it lasts a whole week. mBitcasino opted for the latter and prepared a week’s worth of crazy bonuses. Every day, players can check out the Black Friday Week promotion page and claim the daily offers, which range from tremendous reload bonuses, to tons of free spins, and everything in-between.

The daily bonuses are only the top of the iceberg, though – the real attraction of the promotion is the Black Friday Raffle, and it’s easy to understand why: the winner will take home Apple’s latest release, the new 16-inch MacBook Pro.

Press Release

State of the Crypto by Top Tier Exchange Volume

Build your project with CCDATA

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.