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Coinbase, Kraken and Others Develop a System to Rate Cryptocurrencies

By Alex Nimoy Oct. 3, 2019, 10:37 a.m.

Ripple: The main companies of encryption in the United States, including Coinbase and Kraken, joined together to launch a rating system to define jointly what assets are digital values. The leaders of the industry of cryptography are taking the initiative to help companies in the space to prevent the breach of the rules of values. Coinbase is joined at the launch by seven other companies: Anchorage, Bittrex, Circle, DRW Cumberland, Genesis, Grayscale Investments and Kraken. Coinbase is joining this movement to provide more clarity on which tokens can be exchanged without the supervision of the regulators. Are expected to be released officially on the 30th of September, the new council of encryption will publish online ratings for digital assets on a scale of 1 to 5 where the higher value means that a certain token is considered as a value that cannot issue, sell or market in unregulated companies.

Ripple is expanding its engineering team and moving towards new geography with the acquisition of the signature of Cryptocomercio Algrim, with headquarters in Iceland. According to a posting on its blog, the team of Algrim will add six engineers to the ranks of Ripple, with a focus on integrations with exchanges of encryption partners. Ripple, the leader in business solutions blockchain for cross-border payments, today launched operations in Iceland to further expand its presence in Europe.

The team will work to expand the corridors of cross-border payments of Ripple and contribute to the continuous product development of liquidity at the request of the company, said Amir Sarhangi, vice president of products from Ripple. However, Ripple has not revealed the financial terms of the acquisition. Ripple is on a streak of acquisition: last week, the company announced its acquisition of Logos, adding eight engineers to the team Xpring that will lead the charge in the exploration of solutions to a system of finance decentralized (DeFi) built-in.

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