UltraCoin Index Software to Determine Risks and Opportunities of Cryptocoins
On the 2nd of February Reggie Middleton, also known as “Chief Provocateur!” has populated a text on the network that first appeared on his blog. The published article seems to be a press release of an unconventional style as among the presentation of new software the author digs deep in the problems and opportunities of cryptocurrencies combined with the naivety of common users. The offered program is based on the evaluation of risks and return that can be gathered from investments in alternative types of money. The software carries the same name as a value calculated by the built-in....
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The Financial Stability Board (FSB), an international body composed of central bank officials and finance regulators, said in its latest annual report that it continues to assess opportunities and risks related to digital currencies. The report, published earlier this week, indicated that the FSB’s work is largely in line with previous statements from the organization. In March, the group said that it was actively discussing the technology and its impact on the financial system. The report states: "The FSB's continued work in this area will consider both the risks and opportunities....
A dozen websites could be devoted to the proliferation of alternative cryptocoins and still many would never get any coverage at all. Typically, a coin must do something extraordinary to be considered worthy of press coverage. Media outlets worry about the probability of a coin being a "pump and dump scheme" whose only purpose is to enrich its creators before leaving everyone else holding a lot of junk currency. There are several metrics that can be used to determine whether a coin is legitimate or not, such as regularity of software updates, amount of "premined" coins, and history of the....