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Weissâ lacklustre rating of Bitcoin as âC+â has led to South Korea launching an offensive against its website.
South Korean Bitcoin âinvestorsâ allegedly launched the DDoS attack that shut down Weiss Ratingsâ website after the agency gave the cryptocurrency a âC+â rating.
According to a press release citing ânumerous mentions on social mediaâ about plans to attack Weiss, staff were âup all nightâ attempting to restore normal service after the release of ratings for Bitcoin and other cryptocurrencies Thursday.
âEarlier commentary on social media expressed considerable fear we were about to release negative ratings on their preferred currencies,â founder Martin D. Weiss commented, âso this may be an attempt to thwart our release today.â
No cryptocurrency managed to gather an âAâ on Weissâ list, while the rating agencyâs other conclusions also drew criticism from commentators.
Bitcoin Cash fared only slightly worse than Bitcoin itself with C-, while Ethereum scored a B and Dogecoin C, placing it similarly just below Bitcoin in terms of providence.
âAll else being equal, as a cryptocurrency overcomes its individual challenges, it's likely to be upgraded promptly,â Weiss himself nonetheless added adopting a somewhat more bullish tone.
In the week of the 2018 World Economic Forum in Davos, legacy finance entities are delivering curious appraisals of cryptocurrency as it faces its most mainstream year yet.
Former US Secretary of State John Kerry told Cointelegraph that crypto âhas valueâ at the event, while JPMorgan CEO Jamie Dimon privately denied he was a âskepticâ when it came to Bitcoin.
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