Weiss Crypto Ratings Downgrades EOS Due to Centralization Concerns

United States-based financial research firm Weiss Ratings announced that it has downgraded its rating of cryptocurrency EOS because of the blockchain’s “serious problems” with centralization. Weiss announced the report in a tweet published on June 7. In the tweet, Weiss Ratings claims that the cryptocurrency in question has severe centralization issues and that “their event last week did anything to alleviate that,” evidently referring to an event hosted by EOS developer, Block.one on June 1. Weiss decided to lower EOS’ technology score, given the development. The tweet also hinted that…

BTC, ETH, XRP, LTC, BCH, EOS, BNB, BSV, XLM, TRX: Price Analysis 07/06

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. The white paper for Facebook’s stablecoin might be released as early as June 18, according to multiple sources. This has been an eagerly awaited project as the social media giant along with its sister companies WhatsApp and Instagram can reach millions of customers.   In…

EOS Collapse Even with Plans of Voice and Coinbase Rewards

EOS is under pressure and reacting from $9.5 Block One readies for Voice As Facebook consults with the US CFTC, Block One plans to launch Voice. It is a social media platform where users won’t be products. Perhaps that will help steady EOS, which is down 20.5 percent week-to-date. EOS Price Analysis Fundamentals The ultimate quest for every blockchain project is to launch a useful platform. As the sphere matures, some projects are ambitious. Block One, the builder of the EOSIO platform, is a fitting example. Not only did they…

BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XLM, TRX: Price Analysis 05/06

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. There is a large disconnect between traditional investors and crypto investors on how they approach cryptocurrencies. Billionaire investor Stanley Druckenmiller said that he would neither buy nor sell Bitcoin because he does not find inherent value in it. He also said that due to its…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Bitcoin SV, Stellar, Tron: Price Analysis June 3

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Hester Peirce, commissioner at the United States securities regulator, believes that the exchange-traded fund (ETF) application by the Winklevoss twins should not have been rejected. She has requested her co-commissioners to be open to innovation in the ETF space because a Bitcoin ETF, if passed,…

EOS Holders Vote to Reduce the Annual Inflation From 5% to 1%

EOS holders voted to reduce the annual inflation rate from 5% to 1% as of June 1, according to data on the voting platform maintained by EOS Block Producer (BP) EOS Authority. According to the poll’s description, out of the current 5% of annual EOS inflation, 4% is being accumulated in the eosio.saving account while 1% is distributed among BPs in exchange for network maintenance. About 3.6 million EOS are reportedly created and sent to this on-chain account every month, and this number increases due to compound inflation mechanisms. The…

Eos Developer Block.one Announces Blockchain-Based Social Media Platform Voice

Eos (EOS) parent company Block.one has announced a blockchain-based social media platform called Voice, according to a press release shared with Cointelegraph on June 1. The firm claims that the platform will use the Eos blockchain to provide transparency on how it operates, without hidden algorithms or content-pushing mechanisms of which the user is unaware. In the press release, the CEO of Block.one, Brendan Blumer, compared Voice with traditional social media platforms, saying: “The truth is, current social media platforms are designed to use their users. Just look at the…

Crypto Market Primed For Gains: Bitcoin Cash, EOS, TRX, ADA Analysis

The total crypto market cap tested the key support area near $245.0B and bounced back. Bitcoin price jumped sharply after testing the main $8,000 support area. EOS price is up more than 10% and it broke the $8.00 and $8.20 resistance levels. Bitcoin cash price tested the $420 support level and bounced back above $440. Tron (TRX) price is up more than 12% and it recently broke the $0.0350 resistance. Cardano (ADA) price is currently trading near the $0.0900 and $0.0905 resistance levels. The crypto market cap, bitcoin (BTC), Ethereum…

Tether Stablecoin Now Available on EOS Blockchain

Blockchain tech company Tether has announced that it is partnering with EOS parent company Block.one to release its stablecoin (USDT) on the EOS blockchain (EOSIO), according to a press release shared with Cointelegraph on May 31. According to the announcement, Tether developed the Tether EOS smart contract, which has been sent to the EOS account “tethertether” and peer-reviewed by the Canadian branch of EOS. Tether EOS is reportedly well-suited for peer-to-peer microtransactions, due to its delegated proof-of-stake design. Tether’s Chief Executive Officer, Jean-Louis van der Velde, said that expaned the…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Bitcoin SV, Stellar, Cardano: Price Analysis May 31

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. Michael Novogratz, founder and CEO of cryptocurrency merchant bank Galaxy Digital, believes that the adoption of the blockchain technology by mainstream technology companies and interest by Wall Street firms helped start the rally. He now expects Bitcoin to remain range bound between $7,000 and…