Altcoins News
By Dan Saada
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Weiss Ratings gave "Binance Coin" an overall rating of B-, therefore putting it in the same class as Bitcoin, EOS, and XRP all of whom are rivals to Ethereum.
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While the Weiss report has provided the world’s biggest cryptocurrencies with the overall score, some feel that most of them were not as good considering them from their…
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While Binance holds good for B-, it is due to the recent surge in the price of the coin in the market, which might not be sustainable unless the coin is put to further tests, per…
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The letter grades seem to be assigned to the coin on a tantalizing way because similar grades have been assigned to cryptocurrencies with the best kind of technology and proven…
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The valuation of Bitcoin is $100 billion, while for Binance it is $3.3 billion, which is an obvious far cry in the comparison.
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Binance launched testnet for public use in February, and the launch of Binance DEX was well-publicized as well. These activities have boosted the value of the Binance Coin.
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Binance DEX built on Binance’s own blockchain provides for investors to hold their private keys, which will prevent account hacks in case the database security is compromised.
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Also, Binance was involved in a controversy for delisting Bitcoin SV citing reasons that it did not any longer meet the high level of the standard expected on the exchange.
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Ayre stated, "The decision to delist Bitcoin SV seems to be based on the fact that they don’t like one scientist that works on the platform.
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The Weiss Ratings about Binance replacing Bitcoin is just a suggestion which is not practically a possibility according to many.
The Currency Analytics
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