STEEM gets a positive rating and 50 Cent is now 700 BTC

Good morning traders! If you haven't heard yet, then Weiss Ratings started rating cryptocurrencies as one of the first rating agencies in the world.

Who or what is Weiss Ratings? A research company with a solid history, started already in 1971 by Dr. Martin D Weiss, consulting banks and businesses and being active in the ratings business since 1987.

According to themselves:

Weiss Ratings is THE source for accurate, unbiased, and safest ratings that you can rely on to make sound, informed financial decisions. Weiss helps guide consumers, individual investors, and business professionals toward the best investment, banking and insurance options, always with an eye to avoiding unnecessary risks that could lead to financial losses.

And it's kind of a big deal. As an independent and respectable ratings agency, people have learned to turn to them, to research investment opportunities. Unfortunately for small Steemers, the paywall guarding the report might be a little overwhelming (they cost approx $900 a year, but run a discount currently for 50%, so the total is $468), but we get glimpses of the report on their page.

_{Source: weisscryptocurrencyratings.com}

A Steemit post by @cryptoctopus points out that their website crashed upon the launch of this report, probably due to the massive traffic the interest created. It sees they still have some occasional troubles coping with this kind of traffic. Who said cryptos were dying?

But as you see, they have rated our beloved STEEM "B-", which takes us immediately to the top shelf. Bitcoin, on the other hand, got shelved behind STEEM with a "C+", citing network bottlenecks and transaction costs. Weiss also states, that as a currency overcomes it's issues, it's subject to be promptly upgraded.

Ethereum co-founder, Charles Hoskinson, has some things to say about that.

_{Via Twitter}

Well, we cannot blame him, as a ratings agency probably views the cryptocurrencies from a little different angle, than a person who has been involved in creating one of them. Some of the funnier sections of internet have already gone as far as giving ratings to the Weiss News agency themselves :)

So how does Weiss rate cryptos? According to themselves, they analyze thousands of dats points. Well...good for you. See their own explanation here. Let's hope STEEM does well on their future reports as well.

Visit the Weiss Ratings agency here https://www.weissratings.com/

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_{Via bitcoinist.com}

Let's end the post on funny note - rapper 50 Cent (0.000045 BTC) put an end to the rumors that he has gone bankrupt and is living a bum's life!

Apparently Fiddy obtained 700 Bitcoins in 2014 (BTC was worth below 700 at that time) by selling his album "Animal Ambition" on his Shopify store via Bitpay. Don't know if the man was a genius or was this just an experimental move, but here's the best part - 50 cent then forgot about his crypto holdings.

_{Via Twitter}

Apparently he has suddenly remembered his HODLORINGS and today his "bag's" worth is around 7.7 million dollars.

“Turns out 50 is a money genius,” TMZ meanwhile concludes.

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Oh, @furious-one, you're so cool, how can i show my appreciation to you? Well, if you insist - send some PEPITO tokens to BTS: furious-one on the Bitshares DEX ;)

https://wallet.bitshares.org/#/market/PEPITO_BTS

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Check out Chainbb, an alternative frontend for STEEM network. If you like forum style, that's the platform for you.

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_{Title image from pixabay}

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