<hr/><h4>Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade</h4><div>
<img width="696" height="696" src="https://news.bitcoin.com/wp-content/uploads/2018/02/C-768x768.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/C-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/C.jpg 1600w" sizes="(max-width: 696px) 100vw, 696px"><p><strong>Wall Street is known for being a cut throat place where shrewd business people play as t</strong><span class="st"><strong>ough as possible in order to make gains or their destroy opponents. However, the crypto ecosystem can be at times far more nasty than any other market. One company that had the audacity to rate everyone’s favorite cryptocurrency somewhat poorly learned this recently, but it still stands by the rankings.</strong> </span></p>
<p><em><strong>Also Read: </strong><a href="https://news.bitcoin.com/nfl-superstars-like-talk-bitcoin-just-like-rest-us/" target="_blank" rel="noopener">NFL Superstars Like to Talk About Bitcoin Just Like the Rest of Us</a></em></p>
<h2>Crypto+</h2>
<p><img class="alignright size-medium wp-image-109981" src="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_396384982-300x194.jpg" alt="Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade" width="300" height="194" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_396384982-300x194.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_396384982-768x498.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_396384982-696x451.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_396384982-648x420.jpg 648w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_396384982.jpg 1000w" sizes="(max-width: 300px) 100vw, 300px">Weiss Ratings, an independent U.S. rating agency which recently issued letter grades for cryptocurrencies has published a new report to explain its decision to score bitcoin a mere C+ (“fair”).</p>
<p>The company obviously felt it needed to counter attack against critics after its rankings caused it to get hurled insults from many cryptocurrency people and opinion leaders on social media. It even suffered a cyber attack which took down the <span class="il">Weiss</span> site temporarily. The <a href="https://weisscryptocurrencyratings.com/currencies/btc/the-bitcoin-rating-controversy-why-weiss-ratings-gives-it-a-c-170" target="_blank" rel="noopener">14-page report</a> is meant to answer the outcry by revealing key factors and data behind the rating.</p>
<h2>Where is my A?</h2>
<p><img class="alignright size-medium wp-image-109977" src="https://news.bitcoin.com/wp-content/uploads/2018/02/C--300x300.jpg" alt="Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade" width="300" height="300" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/C--300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/C--420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/C-.jpg 1600w" sizes="(max-width: 300px) 100vw, 300px">“For investors,” explains Weiss Ratings founder Martin D. Weiss, PhD, “an A rated crypto would be one that rarely crashes, and right now, there’s no such thing. But we do understand where developers are coming from. They tell us they don’t care about market fluctuations. They feel our ratings should reflect strictly the quality of their work and its relative success in the real world.”</p>
<p>Aiming to address both investors and developers, the Weiss model combines a number of sub-models: Risk and Reward, adapted from its stock and ETF ratings, plus Fundamentals and Technology, which are unique to cryptocurrencies. Here’s how they determined bitcoin performs on each:</p>
<p><b>Risk and Reward-</b>“Bitcoin investors have recently made less than altcoin investors, while continuing to experience the risk of extreme volatility.”</p>
<p><b>Fundamentals-</b>“Due credit is given for adoption and security, but Bitcoin loses points on network congestion with just four transactions per second and high fees of about $10 per transaction. In addition, the top five miners control some 70% of total hashpower, also a negative.”</p>
<p><b>Technology-</b>“Bitcoin lacks the governance needed for prompt upgrades and is falling behind in a rapidly evolving industry.”</p>
<p>Another criticism that was leveled at the agency is that Weiss overweights price volatility. “Not so,” he says. “Our model accurately reflects an inconvenient truth about the market’s extreme swings. But our ratings are continually updated. If prices stabilize or speed enhancements are rolled out successfully, an upgrade is possible.”</p>
<p><strong><em>Should cryptocurrency investors even worry about what rankings? Tell us what you think in the comments section below.</em> </strong></p>
<hr>
<p><em>Images courtesy of Shutterstock.</em></p>
<hr>
<p><em>Do you like to research and read about Bitcoin technology? Check out <a class="vglnk" href="http://bitcoin.com/" target="_blank" rel="nofollow noopener">Bitcoin.com</a>’s <a href="http://wiki.bitcoin.com/" target="_blank" rel="noopener">Wiki</a> page for an in-depth look at Bitcoin’s innovative technology and interesting history.</em></p>
<p>The post <a rel="nofollow" href="https://news.bitcoin.com/weiss-ratings-defends-position-give-bitcoin-c-grade/">Weiss Ratings Defends its Decision to Give Bitcoin Only a C+ Grade</a> appeared first on <a rel="nofollow" href="https://news.bitcoin.com/">Bitcoin News</a>.</p>
</div><br/><div>Source: https://news.bitcoin.com/weiss-ratings-defends-position-give-bitcoin-c-grade/</div><br/><hr/><h4>Bitcoin Cash Markets Recover — While Infrastructure Support Increases</h4><div>
<img width="696" height="696" src="https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-768x768.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption-420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/BCH-adoption.jpg 1600w" sizes="(max-width: 696px) 100vw, 696px"><p><b>This past week bitcoin cash (BCH) markets have been suffering from the bearish sentiment plaguing cryptocurrencies across the board. On February 6 the price of BCH reached a low of $740 per coin but has since bounced back to the $950-1,050 region on Bitstamp Tuesday evening.</b></p>
<p><em><strong>Also Read:</strong> <a href="https://news.bitcoin.com/australian-freeze-big-aussie-banks-denying-bitcoiners/" target="_blank" rel="noopener">Australian Freeze: Big Aussie Banks Denying Bitcoiners</a></em></p>
<h2><span>Bitcoin Cash Markets Begin to See Recovery Ahead</span></h2>
<p><span>This week <a href="https://news.bitcoin.com/roboforex-adds-bitcoin-cash-and-three-other-cryptocurrency-cfds-for-trading/" target="_blank" rel="noopener">bitcoin cash</a> markets took a hit as BCH had lost roughly $588 USD (-39%) in value over the past seven days. At the moment the price has rebounded and is coasting along at just between the $950-1,050 zone after bouncing back much of Wednesday’s trading sessions. BCH trade volume has been averaging roughly $650 million to $1 billion over the past week. Exchanges swapping the most bitcoin cash today include Okex, Bitfinex, Hitbtc, GDAX, and Huobi. Currently, the top currencies traded with bitcoin cash include BTC (57%), USD (21%), tether (USDT 11%), the Korean won (4%), and the euro (2%).</span></p>
<figure class="wp-caption aligncenter"><img class="wp-image-110218 size-full" title="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" src="https://news.bitcoin.com/wp-content/uploads/2018/02/NEW.jpg" alt="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" width="2000" height="1000" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/NEW.jpg 2000w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-300x150.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-768x384.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-1024x512.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-696x348.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-1392x696.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-1068x534.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/NEW-840x420.jpg 840w" sizes="(max-width: 2000px) 100vw, 2000px"><figcaption class="wp-caption-text"><strong>On February 7, 2018, the price of bitcoin cash is hovering around $1,020 at the time of publication. </strong></figcaption></figure><h2><span>New Localbitcoincash Features, Openbazaar Integration, and a Bitcoin Cash SMS Application  </span></h2>
<figure class="wp-caption alignright"><img class="wp-image-110198" title="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Sq.jpg" alt="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" width="294" height="294" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Sq.jpg 700w, https://news.bitcoin.com/wp-content/uploads/2018/02/Sq-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/Sq-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Sq-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/Sq-420x420.jpg 420w" sizes="(max-width: 294px) 100vw, 294px"><figcaption class="wp-caption-text"><strong>Cointext screenshot. </strong></figcaption></figure><p><span>Even though markets were down this past week, the bitcoin cash community got a bunch of infrastructure support and new applications. For instance, everyone in the BCH community is talking about a new app called </span><a href="https://www.reddit.com/r/btc/comments/7vmtfl/sms_wallet_to_transact_bitcoin_cash_with_any/" target="_blank" rel="noopener"><span>Cointext</span></a><span> which aims to create the ability to send bitcoin cash through text (SMS). According to the creators, all texts are on-chain transactions like the tipping platform Chaintip. However, with the platform being so new, some BCH supporters are </span><a href="https://np.reddit.com/r/btc/comments/7vnoee/cointext_send_and_receive_bch_onchain_via_sms/" target="_blank" rel="noopener"><span>skeptical</span></a><span> of this project being secure when used via text messages.</span></p>
<p><span>Another interesting BCH feature announced this week came from the <a href="https://news.bitcoin.com/meet-the-new-bitcoin-cash-p2p-exchange-localbitcoincash-org/" target="_blank" rel="noopener">Localbitcoincash</a> exchange which announced it had added skycoin and smartcash services to the platform. The implementation features no fees to these types of trades, explains the exchange developers. “No fee exchange is exactly what it is, it’s totally free, and you can keep exchanging the different cryptocurrencies supported by our platform, and there are no trading fees involved,” Localbitcoincash reveals on February 7.</span></p>
<figure class="wp-caption aligncenter"><img class="wp-image-110201" title="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" src="https://news.bitcoin.com/wp-content/uploads/2018/02/openbazaar.png" alt="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" width="469" height="261" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/openbazaar.png 640w, https://news.bitcoin.com/wp-content/uploads/2018/02/openbazaar-300x167.png 300w" sizes="(max-width: 469px) 100vw, 469px"><figcaption class="wp-caption-text"><strong>Openbazaar integrates bitcoin cash, and zcash this past week. </strong></figcaption></figure><p><span>Just recently the decentralized cryptocurrency infused marketplace <a href="https://news.bitcoin.com/openbazaar-variety-new-vendors-after-privacy-enhancements/" target="_blank" rel="noopener">Openbazaar</a> integrated bitcoin cash and zcash into the latest 2.1.0 version.</span></p>
<p><span>“This release is the first step towards allowing more options for cryptocurrencies in Openbazaar — It includes native support for nodes using one cryptocurrency at a time, bitcoin, bitcoin cash, or zcash,” </span><a href="https://www.openbazaar.org/blog/openbazaar-2-1-released-bitcoin-cash-zcash-integrated/" target="_blank" rel="noopener"><span>explains</span></a><span> the Openbazaar developers.</span></p>
<figure class="wp-caption aligncenter"><img class="wp-image-110210 size-full" title="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" src="https://news.bitcoin.com/wp-content/uploads/2018/02/HHHUUUA.jpg" alt="Bitcoin Cash Markets Recover — While Infrastructure Support Increases" width="1000" height="500" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/HHHUUUA.jpg 1000w, https://news.bitcoin.com/wp-content/uploads/2018/02/HHHUUUA-300x150.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/HHHUUUA-768x384.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/HHHUUUA-696x348.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/HHHUUUA-840x420.jpg 840w" sizes="(max-width: 1000px) 100vw, 1000px"><figcaption class="wp-caption-text"><strong> The AcceptBitcoin.Cash website has added an adult section to the portal.</strong></figcaption></figure><p><span>Another addition to the BCH infrastructure is the </span><a href="https://acceptbitcoin.cash/" target="_blank" rel="noopener"><span>AcceptBitcoin.Cash</span></a><span> website has added an <a href="https://acceptbitcoin.cash/adult/" target="_blank" rel="noopener">adult section</a> to the portal. The developers of the website believe there is a demand for adult merchants to start accepting bitcoin cash. Further, the team said it has seen over 70 submissions since it implemented a request form, and the team added nearly every single merchant to the site in under three weeks of usage.</span></p>
<h2><span>BCH Supporters Remain Optimistic </span></h2>
<p><span>In other news this week </span><a href="https://coingeek.com/fake-bitcoin-cash-token-created-omni-chain/" target="_blank" rel="noopener"><span>a fake bitcoin cash token</span></a><span> was created on the Omni layer chain. According to reports, the Omni chain’s ability to generate asset tokens was used to create a misleading BCH token. BCH supporters think the token was created to cause confusion while adding to the growing list of scammy snapshot forks that have come into existence over the past few months.</span></p>
<p><span>Overall the BCH community is in high spirits even with the past few weeks of bearish market sentiment. The protocol continues to get support nearly every day from exchanges, wallets, and merchants. Bitcoin cash markets are also starting to gather steam again alongside the rest of the cryptocurrencies who got hammered this past weekend. </span></p>
<p><b><i>What do you think about BCH market sentiment, support, and added infrastructure this week? Let us know what you think in the comments below.</i></b></p>
<hr>
<p><em>Images via Shutterstock, Cointext, Openbazaar, and Acceptbitcoincash.</em></p>
<hr>
<p><i>Bitcoinocracy is a free and decentralized way to measure the Bitcoin community’s stance on a given proposition. Check</i><a href="http://vote.bitcoin.com/" target="_blank" rel="noopener"> <i>vote.Bitcoin.com</i></a><i>.</i></p>
<p>The post <a rel="nofollow" href="https://news.bitcoin.com/bitcoin-cash-markets-recover-while-infrastructure-support-increases/">Bitcoin Cash Markets Recover — While Infrastructure Support Increases</a> appeared first on <a rel="nofollow" href="https://news.bitcoin.com/">Bitcoin News</a>.</p>
</div><br/><div>Source: https://news.bitcoin.com/bitcoin-cash-markets-recover-while-infrastructure-support-increases/</div><br/><hr/><h4>Grayscale Plans to Launch a Cryptocurrency ‘Large Cap Fund’</h4><div>
<img width="696" height="696" src="https://news.bitcoin.com/wp-content/uploads/2018/02/123-768x768.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Grayscale Plans to Launch a Cryptocurrency 'Large Cap Fund'" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/123-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/123-420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/123.jpg 1600w" sizes="(max-width: 696px) 100vw, 696px"><p><b>This Wednesday Grayscale Investments, the sponsor of the Bitcoin Trust (OTCQX: GBTC) has announced a new cryptocurrency investment vehicle is coming. The company plans to launch the ‘Grayscale Digital Large Cap Fund’ (the “Fund”) that intends to hold the top digital assets within the cryptocurrency economy.</b></p>
<p><em><strong>Also Read:</strong> <a href="https://news.bitcoin.com/phony-pboc-email-sent-to-u-s-media-aimed-to-manipulate-btc-price/" target="_blank" rel="noopener">Phony PBOC Email Sent to U.S. Media Aimed to Manipulate BTC Price</a></em></p>
<h2><span>Grayscale Launches a New Cryptocurrency Fund</span></h2>
<p><span><img class="alignright wp-image-110259 size-medium" title="Grayscale Plans to Launch a Cryptocurrency 'Large Cap Fund'" src="https://news.bitcoin.com/wp-content/uploads/2018/02/DQmSbT7mwoahTeVe9rzBuE4LmektPB1Mfy4D87zUe7YLVxW-300x102.png" alt="Grayscale Plans to Launch a Cryptocurrency 'Large Cap Fund'" width="300" height="102" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/DQmSbT7mwoahTeVe9rzBuE4LmektPB1Mfy4D87zUe7YLVxW-300x102.png 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/DQmSbT7mwoahTeVe9rzBuE4LmektPB1Mfy4D87zUe7YLVxW.png 646w" sizes="(max-width: 300px) 100vw, 300px">The managers of the popular bitcoin investment fund GBTC and the ethereum trust, <a href="https://news.bitcoin.com/grayscale-will-launch-stock-split-for-bitcoin-trust-shares/" target="_blank" rel="noopener">Grayscale</a>, have decided to create a much larger investment product comprised of a basket of top-performing cryptocurrencies. According to Grayscale’s announcement, the basket will consist of litecoin (LTC) bitcoin cash (BCH) ripple (XRP) bitcoin core (BTC), and ethereum (ETH) for now.</span></p>
<p><span>“We’re excited to further expand the universe of Grayscale’s product offerings as interest in the digital currency asset class continues to grow,” said Barry Silbert, CEO, and founder of Grayscale Investments.</span></p>
<blockquote class="td_pull_quote td_pull_center">
<blockquote class="td_quote_box td_box_center"><p><b><i>As a trusted and experienced manager, Grayscale is committed to creating investment structures that are familiar to qualified investors and provide secure access to this emerging asset class.</i></b></p></blockquote>
</blockquote>
<h2><span>The Fund Targets 70% Coverage of the Digital Asset Market</span></h2>
<figure class="wp-caption alignright"><img class="wp-image-110256" title="Grayscale Plans to Launch a Cryptocurrency 'Large Cap Fund'" src="https://news.bitcoin.com/wp-content/uploads/2018/02/32b6p3stu0g09zwy8rq5_400x400-300x300.jpeg" alt="Grayscale Plans to Launch a Cryptocurrency 'Large Cap Fund'" width="180" height="180" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/32b6p3stu0g09zwy8rq5_400x400-300x300.jpeg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/32b6p3stu0g09zwy8rq5_400x400-150x150.jpeg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/32b6p3stu0g09zwy8rq5_400x400.jpeg 400w" sizes="(max-width: 180px) 100vw, 180px"><figcaption class="wp-caption-text"><strong>Grayscale’s Barry Silbert.</strong></figcaption></figure><p><span>The sponsors first funds consisting of ETH and BTC have done phenomenally well following alongside the prices rises of spot markets. When Grayscale launched its first product back in 2013 at the time BTC was averaging $127 per coin and GBTC became one of the first mainstream investment vehicles tied to bitcoin reserves. In July of 2017, the firm initiated its ethereum trust which is framed in a similar fashion. For the new ‘Grayscale Digital Large Cap Fund’ the sponsor may also hold cash and assets that arise from forks and airdrops. Shares will reflect the platform Tradeblock’s Digital Asset Reference Rate at 4 pm EDT. </span></p>
<p><span>“Through a rules-based portfolio construction process, the Fund targets 70% coverage of the digital asset market — The Fund will be rebalanced on a quarterly basis to remove existing digital assets or include new digital assets in the Fund’s portfolio in accordance with certain criteria established by Grayscale,” explains the announcement.</span></p>
<h2><span>One Year of Holding and Risk  </span></h2>
<p><span>According to Grayscale the Fund is a Cayman Islands limited liability company but based in the United States. The product is also not registered with the U.S. Securities and Exchange Commission (SEC), and is not subject to American based securities laws.</span></p>
<p><span>Moreover, Grayscale details that the investment product is “highly speculative in nature,” and the Fund is subject to a one-year holding period. This means investors have to “bear the risks” for an entire year, but after the holding period assets can be “resold without restriction,” Grayscale concludes. </span></p>
<p><b><i>What do you think about Grayscale’s new ‘Digital Large Cap Fund?’ Let us know what you think in the comments below.</i></b></p>
<hr>
<p><em>Images via Shutterstock, Twitter, and Grayscale. </em></p>
<hr>
<p><em>Do you like to research and read about Bitcoin technology? Check out <a class="vglnk" href="http://bitcoin.com/" target="_blank" rel="nofollow noopener">Bitcoin.com</a>’s <a href="http://wiki.bitcoin.com/" target="_blank" rel="noopener">Wiki</a> page for an in-depth look at Bitcoin’s innovative technology and interesting history.</em></p>
<p>The post <a rel="nofollow" href="https://news.bitcoin.com/grayscale-plans-to-launch-a-cryptocurrency-large-cap-fund/">Grayscale Plans to Launch a Cryptocurrency ‘Large Cap Fund’</a> appeared first on <a rel="nofollow" href="https://news.bitcoin.com/">Bitcoin News</a>.</p>
</div><br/><div>Source: https://news.bitcoin.com/grayscale-plans-to-launch-a-cryptocurrency-large-cap-fund/</div><br/><hr/><h4>Australian High School to Host Information Night on Cryptocurrencies</h4><div>
<img width="696" height="696" src="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-768x768.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Australian High School to Host Information Night on Cryptocurrencies" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760-420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_773340760.jpg 1600w" sizes="(max-width: 696px) 100vw, 696px"><p><strong>A surge in the popularity of bitcoin among students has prompted an Australian high school to host an information night designed to educate its students about cryptocurrencies. St. Laurence’s College in Brisbane recently informed the parents of students that it wishes to hold an “educational presentation” in light of an increasing number of students investing in cryptocurrencies.</strong></p>
<p><em><strong>Also Read:</strong> <a href="https://news.bitcoin.com/australia-to-ban-bitcoin-gambling/" target="_blank" rel="noopener">Australia to Ban Bitcoin Gambling</a></em></p>
<h2>Increasing Student Investment Prompts Australian High School to Host Information Night on Cryptocurrencies</h2>
<p><img class="alignright wp-image-110022 size-medium" src="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_782781163-300x200.jpg" alt="Australian High School to Host Information Night on Cryptocurrencies" width="300" height="200" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_782781163-300x200.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_782781163.jpg 500w" sizes="(max-width: 300px) 100vw, 300px">A high school in Brisbane, Australia has <a href="http://www.abc.net.au/news/2018-02-06/bitcoin-buy-up-prompts-brisbane-school-to-caution-students/9397832" target="_blank" rel="noopener">announced</a> that it will hold a non-compulsory meeting for staff, and students from year 11 and year 12, designed to educate students, parents, and faculty about the “new space” of cryptocurrencies.</p>
<p>The school issued an email stating “While St Laurence’s College has no official stance on this subject it is felt that the boys should be cautioned and educated about these purchases.” The email stated that “The presentation will look at features of cryptocurrencies, the technology underpinning them, and will give some very basic information about the state of the market and ways to keep investments safe,” according to Australian media.</p>
<p>Although the event was originally scheduled to be held on February 2nd, the meeting has since been postponed.</p>
<h2>Proposed Information Night Well-Received</h2>
<p><img class="alignright wp-image-110013 size-medium" src="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-300x300.jpg" alt="Australian High School to Host Information Night on Cryptocurrencies" width="300" height="300" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/shutterstock_781926697-420x420.jpg 420w" sizes="(max-width: 300px) 100vw, 300px">Chrisann Lee, a business and accounting professor at the Queensland University of Technology, has supported the school’s decision, stating that teenagers will greatly benefit from educational efforts relating to cryptocurrencies.</p>
<p>Dr. Lee said that “While [teenagers] are quite strong on basic financial literacy skills such as budgeting and interest concepts they may be struggling with more advanced topics like investment.” The professor emphasized the need for teenagers to be educated in “the underlying asset that they are buying into, the technology that supports, the security and those kinds of things” in order to be “fully aware to make informed decisions.”</p>
<p><em><strong>What do you think of the high schools hope to educate its students regarding cryptocurrencies? Share your thoughts in the comments section below!</strong></em></p>
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<p><em>Images courtesy of Shutterstock</em></p>
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<p>The post <a rel="nofollow" href="https://news.bitcoin.com/australian-high-school-host-information-night-cryptocurrencies/">Australian High School to Host Information Night on Cryptocurrencies</a> appeared first on <a rel="nofollow" href="https://news.bitcoin.com/">Bitcoin News</a>.</p>
</div><br/><div>Source: https://news.bitcoin.com/australian-high-school-host-information-night-cryptocurrencies/</div><br/><hr/><h4>You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards</h4><div>
<img width="696" height="695" src="https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-768x767.png" class="attachment-medium_large size-medium_large wp-post-image" alt="You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-768x767.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-150x150.png 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-300x300.png 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-1024x1024.png 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-696x695.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-1392x1390.png 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-1068x1067.png 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value-421x420.png 421w, https://news.bitcoin.com/wp-content/uploads/2018/02/terrible-store-of-value.png 1600w" sizes="(max-width: 696px) 100vw, 696px"><p><strong>“Terrible Store of Value” is a great piece of work if you’re a collector of crypto art that sticks it to the man whilst providing a side order of utility. Formed out of repurposed credit cards and molded in the likeness of Jamie Dimon, who inspired the artwork’s name, the piece is currently up for auction with a reference bid of $15,000. Naturally the auction can be paid in bitcoin and comes with a blockchain verifiable certificate of authenticity.</strong></p>
<p><em><strong>Also read:</strong> <a href="https://news.bitcoin.com/dignitaries-pundits-and-bigwigs-reveal-their-2018-crypto-predictions/" target="_blank" rel="noopener">Dignitaries, Pundits, and Bigwigs Reveal Their 2018 Crypto-Predictions</a></em></p>
<h2><span>SoBs and Their SoV</span></h2>
<p><span>While Jamie Dimon seems to have softened his stance towards bitcoin, the JP Morgan chief’s most stinging jibes still resonate. The cryptocurrency, he famously opined, is “a terrible store of value”. Given bitcoin’s 65% decline in the last couple of weeks, the Wall Street CEO may have had a point, though that doesn’t diminish the need for cryptocurrencies in any way – it simply suggests they may have more utility as a medium of exchange (MoE), just as they were originally intended.</span></p>
<p><img class="aligncenter size-large wp-image-109888" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-1024x714.png" alt="You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards" width="696" height="485" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-1024x714.png 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-300x209.png 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-768x535.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-100x70.png 100w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-200x140.png 200w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-696x485.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-1068x745.png 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value-602x420.png 602w, https://news.bitcoin.com/wp-content/uploads/2018/02/Certificate-terrible-store-of-value.png 1291w" sizes="(max-width: 696px) 100vw, 696px"></p>
<p><span>Regardless of whether you ascribe to the SoV or MoE doctrine, as best exemplified by bitcoin core and bitcoin cash respectively, there’s no disputing the quality of Cryptograffiti’s latest work. The </span><a href="https://mobile.twitter.com/cryptograffiti" target="_blank" rel="noopener"><span>crypto artist</span></a><span>, who’s previously created work from Federal Reserve money bags and torn up T&amp;Cs, has used a bank safety deposit box as the canvas for “Terrible Store of Value”. A broken credit card mosaic in the likeness of Jamie Dimon completes the piece.</span></p>
<p><span><img class="alignright size-medium wp-image-109897" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-300x225.png" alt="You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards" width="300" height="225" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-300x225.png 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-768x576.png 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-1024x768.png 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-80x60.png 80w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-160x120.png 160w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-696x522.png 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-1392x1044.png 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-1068x801.png 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/Dimon-wallet_preview-560x420.png 560w" sizes="(max-width: 300px) 100vw, 300px">Should the </span><a href="https://bitify.com/auctions/collectable-art/terrible-store-of-value-1026570/" target="_blank" rel="noopener"><span>winning bidder</span></a><span> desire to add further value to their newly acquired art, they can elect to use it as a store of value by having a custom wallet address added to the side of the former safety deposit box. A certificate of authenticity is also included. Be it for ideological or aesthetic reasons, bitcoin maximalists may relish the prospect of hanging as pointed a piece as “Terrible Store of Value” in their crypto crib. Having to part with almost two bitcoins for the privilege, however, could prove to be a sticking point for purveyors of the world’s finest decentralized cryptocurrency.</span></p>
<p><em><strong>What are your thoughts on this piece of crypto art? Let us know in the comments section below.</strong></em></p>
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<p><em>Images courtesy of Cryptograffiti</em><em>.</em></p>
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<p>The post <a rel="nofollow" href="https://news.bitcoin.com/you-can-now-bid-for-jamie-dimon-crypto-art-made-from-old-credit-cards/">You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards</a> appeared first on <a rel="nofollow" href="https://news.bitcoin.com/">Bitcoin News</a>.</p>
</div><br/><div>Source: https://news.bitcoin.com/you-can-now-bid-for-jamie-dimon-crypto-art-made-from-old-credit-cards/</div><br/><hr/><h4>Seele ICO Sets Up Emergency Response Team After $1.8m Fraud</h4><div>
<img width="696" height="696" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-768x768.jpg" class="attachment-medium_large size-medium_large wp-post-image" alt="Seele ICO Sets Up Emergency Response Team After $1.8m Fraud" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id-420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/Fake-Id.jpg 1600w" sizes="(max-width: 696px) 100vw, 696px"><p><strong>One would have hoped that by now investors in <span class="st">Initial Coin Offerings</span> (ICOs) would have learned to be more careful who they trust with their money, but the spate of new scams that are reported every week shows this has yet to happen. The latest group to fall for an ICO fraud are Seele investors.</strong></p>
<p><em><strong>Also Read: </strong><a href="https://news.bitcoin.com/nfl-superstars-like-talk-bitcoin-just-like-rest-us/" target="_blank" rel="noopener">NFL Superstars Like to Talk About Bitcoin Just Like the Rest of Us</a></em></p>
<h2>Seele Scam</h2>
<p><img class="alignright size-medium wp-image-109846" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-300x188.jpg" alt="Seele ICO Sets Up Emergency Response Team After $1.8m Fraud" width="300" height="188" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-300x188.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-768x480.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-1024x640.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-696x435.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-1392x870.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-1068x668.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/Telegram-672x420.jpg 672w" sizes="(max-width: 300px) 100vw, 300px">Following multiple investor complaints, the team behind the Seele ICO has confirmed that people who thought they were backing the project have fallen victim to a scam. Apparently someone impersonated an administrator of the ICO’s telegram group and committed fraud while posing as Seele’s data analyst Dr. Nick Smith.</p>
<p>The impostor offered group members a private sale of tokens ahead of its official public crowdfund and got them to send their funds to a false wallet. The receiving ethereum <a href="https://etherscan.io/address/0xb3239ef7a0fc08d56402a44a5367b8cddaf295b8" target="_blank" rel="noopener">address</a> now holds 2,162<b>.</b>49 ether, worth about $1.8 million at the time of the theft.</p>
<p>For the record, the project is described as being “empowered by an up-scalable Neural Consensus protocol for high throughput concurrency among large scale heterogeneous nodes and is able to form unique heterogeneous forest multi-chain ecosystem.”</p>
<p><img class="aligncenter size-full wp-image-109840" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Seele-twt.png" alt="Seele ICO Sets Up Emergency Response Team After $1.8m Fraud" width="517" height="474" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Seele-twt.png 517w, https://news.bitcoin.com/wp-content/uploads/2018/02/Seele-twt-300x275.png 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Seele-twt-458x420.png 458w" sizes="(max-width: 517px) 100vw, 517px"></p>
<h2>Emergency Response</h2>
<p><img class="alignright size-medium wp-image-109838" src="https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-300x300.jpg" alt="Seele ICO Sets Up Emergency Response Team After $1.8m Fraud" width="300" height="300" srcset="https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-300x300.jpg 300w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-150x150.jpg 150w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-768x768.jpg 768w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-1024x1024.jpg 1024w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-696x696.jpg 696w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-1392x1392.jpg 1392w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-1068x1068.jpg 1068w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam-420x420.jpg 420w, https://news.bitcoin.com/wp-content/uploads/2018/02/Scam.jpg 1600w" sizes="(max-width: 300px) 100vw, 300px">Besides apologizing for the scam, the Seele team has also taken actions to remedy the situation. They announced they have formed an emergency response team, set up an emergency hotline to communicate with the victims, and promise to provide regular updates about their investigation’s findings. They also now reinforced a number of rules to the administrators, after the scam, and restricted the administrators’ privileges by using a double authentication method – face recognition and scheduled login.</p>
<p>Lastly, the promise that although Seele has not started the presale, they “will take responsibilities to minimize the loss of community members by making detailed compensation plans.”</p>
<p>At least the victims in this case have a team they can go to and request compensation for their lost funds. Last week we reported about another ICO which simply disappeared altogether in what is commonly known as an exit scam. The website for an ICO project for <a href="https://news.bitcoin.com/vegetables-on-a-blockchain-ico-exit-scams-after-paying-people-to-write-on-their-bodies/" target="_blank" rel="noopener">fruits and vegetables on a blockchain</a> Prodeum went offline, leaving only a nasty message to investors behind.</p>
<p><strong><em>Are ICO scams inevitable, or are there steps that can be taken to eliminate fraud? Tell us what you think in the comments section below.</em> </strong></p>
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<p><em>Images courtesy of Shutterstock.</em></p>
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<p>The post <a rel="nofollow" href="https://news.bitcoin.com/seele-ico-sets-emergency-response-team-1-8m-fraud/">Seele ICO Sets Up Emergency Response Team After $1.8m Fraud</a> appeared first on <a rel="nofollow" href="https://news.bitcoin.com/">Bitcoin News</a>.</p>
</div><br/><div>Source: https://news.bitcoin.com/seele-ico-sets-emergency-response-team-1-8m-fraud/</div><br/><hr/>Source: https://news.bitcoin.com/