|All Time High:|
|Market Cap: |
|The price of #RATING today is $0.000143 USD.|
The lowest RATING price for this period was $0, the highest was $0.000143, and the current live price for one RATING coin is $0.00014287.
The all-time high RATING coin price was $0.00218.
Use our custom price calculator to see the hypothetical price of RATING with market cap of BTC or other crypto coins.
|The code for DPRating crypto currency is #RATING. |
DPRating is 4.8 years old.
|The current market capitalization for DPRating is $372,287.|
DPRating is ranking downwards to #1345 out of all coins, by market cap (and other factors).
|There is a small daily trading volume on #RATING.|
Today's 24-hour trading volume across all exchanges for DPRating is $9,486.
|The circulating supply of RATING is 2,605,809,246 coins, which is 26% of the maximum coin supply.|
More DPRating (#RATING) News
|China's Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Stan...
China's oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States' credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation, and the ongoing impasse over the debt ceiling.U.S. Credit Rating Suffers Downgrade by Chinese Credit Agency Amidst Debt-Ceiling Issues
China's Chengxin International Credit Rating (CCXI) has joined the chorus of credit agencies expressing concern over the United States' credit rating. Following earlier warnings from Moody's, S&P, and Fitch regarding the debt ceiling standoff, CCXI has now downgraded the U.S. credit rating.
In alignment with its counterparts, CCXI points to the lingering debt ceiling issue as a primary reason for the downgrade. Additionally, the agency highlights the exacerbation of political divisions, which has further complicated the negotiation process.
“The intensification of political divisions between the two parties in the United States has increased the difficulty of resolving the debt-ceiling issue,” CCXI’s downgrade notice details. Beijing’s credit agency added that a “deterioration in fiscal strength and frequent breaches of the debt ceiling continue to erode the credit base of the U.S. dollar.”
While CCXI took the bold step of downgrading the U.S. credit rating, the credit agencies Fitch, Moody's, and S&P have chosen a different ...
|Moody's on De-Dollarization: Rating Agency Labels US Debt Default a 'Nea...
As calls for the creation of a global alternative to the greenback grow, credit rating agency Moody's said on May 25 that rival currencies such as the euro and the Chinese yuan do not yet threaten the U.S. dollar's position as the world's reserve currency. The agency said a confidence-sapping policy mistake such as the U.S. Congress's failure to raise the debt limit poses the 'greatest near-term danger to the dollar's position.'Rival Currencies Cannot Match the U.S. Dollar's Core Traits
The global credit rating agency Moody’s has said while the spectre of the U.S. dollar losing its dominance is real, at the moment there are no viable alternatives to take its place. In a note reportedly released on May 25, Moody’s insisted that the current rivals to the greenback such as the euro and the Chinese yuan will not be able to quickly match the core traits that made it the most dominant currency.
As has been reported by various media outlets including Bitcoin.com News, the dollar’s longstanding position as the world’s reserve currency is being threatened by countries that are seeking to create an alternative global currency. The calls for the establishment of a rival to the dollar are being propagated by countries that accuse the U.S. of abusing the greenback’s dominance. Led by Russia, these countries have proposed several steps including the creation of a BRICS (Brazil, Russia, India, China, and South Africa) currency.
However, according to Moody&rsquo...
|Latam Insights: Bolivia Sells Gold for Dollars, Argentina Bans Fintech C...
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia passes a law to sell gold for dollars, the Central Bank of Argentina bans fintech companies from using crypto, and Fitch improves El Salvador's credit rating.
Bolivia Passes Law to Sell Gold for Dollars
Bolivia recently passed a law that will allow the government to sell up to 50% of its gold reserves in dollars, easing the internal scarcity of dollars. The law gives faculties to the government to negotiate the sale of 22 tons of gold out of the almost 44 available in the local reserves.
The initiative had been presented back in 2021, but it was only recently rescued and passed by the Congress, which is dominated by the party of Bolivian president Luis Arce. Jorge Richter, a presidential spokesperson, explained the objective of the swift approval of the law. He stated:
The country has a tool so that these events and situations of the past days that we have known are not repeated, difficulties in the production of North American currency.
Almost all Bolivian banks had previously established a $300 daily withdrawal limit for their users, and the Central Bank of Bolivia had to organize direct sales to satisfy the local demand for foreign currency.
Central Bank of Argentina Bans Fintech Companies From Using Crypto
On May 4, the Central Bank of Argentina issued a communication banning certain fintech providers ...
|Russian Banks Set for Record Profits This Year, Central Bank, Rating Age...
Bank of Russia raised its forecast for the profits of Russian banks in 2023, expecting results that may break the 2021 record. This year’s high numbers are coming after 2022 became the worst annual period in seven years for the sanctioned Russian banking sector in terms of financial outcome. Banks in Russian Federation Headed for at Least $23 Billion in Profits in 2023
Data from the first months of 2023 give the Central Bank of Russia (CBR) reason to believe that by the end of the year Russian banks can earn 1.9 trillion rubles (almost $24 billion), “or even more, which is comparable to the profit for 2021,” Deputy Governor Olga Polyakova unveiled at a conference held by the National Credit Ratings (NCR) agency.
Two years ago, Russian banking institutions made a record-high 2.37 trillion rubles (close to $30 billion at current exchange rates), the business daily Vedomosti noted in a report, quoting the central bank official and the organizers of the forum.
When it released its baseline projections in March, Bank of Russia expected net profits in the banking sector to reach 1.2 - 1.5 trillion rubles this year and 1.2 - 1.7 trillion rubles in 2024. Those estimates came after 2022 — when Russian banks earned only 200 billion rubles ($2.5 billion) — turned out to be the industry’s worst year in a seven-year period.
Amid unprecedented sanctions in response to Russia’s invasion of Ukraine last year, the state-owned giant Sberbank registered...
|Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Fi...
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock's all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes 'Coinbase will need to make substantial reductions in its cost base.'Goldman Downgrades Coinbase, COIN Shares Down 83% From Price High
Coinbase shares have suffered during the bear market as many crypto company stocks have lost considerable value during the last few months. When Coinbase first went public on April 14, 2021, the company's shares were listed on Nasdaq via a direct listing under the ticker COIN. At the time, the Coinbase initial public offering (IPO) reference price was set at $250, and investors saw the crypto exchange's listing as a 'watershed' moment.
Following the stock coming out of the gate 14 months ago, amid that timeframe COIN tapped an ATH at $342.98 per share on November 12, 2021. Two days prior, bitcoin (BTC) reached its lifetime price high at $69K per unit. While BTC lost 70% over the next eight months, COIN has lost 83.68% since that time. On Monday, in a report published by Bloomberg, Goldman Sachs' analysts weighed in on Coinbase shares and downgraded the stock to a sell rating.
In a note to investors, the investment bank's lead research analyst for payments and digital assets sectors, William Nanc...
|Fitch Downgraded El Salvador's Rating Citing Bitcoin Adoption Risk...
Fitch cited policy unpredictability stemming out of the increased concentration of power in the presidency, weakening institutions, and the legalization and adoption of Bitcoin as the reason for lowering the rank.
Reasons Behind The Move
As per the official post, 'heightened' financing risks arising from growing dependency on short-term debt reflects Fitch's move of downgrading El Salvador.
It also pointed out the limited scope of the country's domestic market financing as well as uncertain access to additional multilateral funding and external market financing considering high borrowing costs. Increased concerns with respect to debt sustainability due to the expected increase in GDP next year after modest improvement in 2021 is yet another factor.
'In Fitch's view, weakening of institutions and concentration of power in the presidency has increased policy unpredictability, and the adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing for 2022-2023.'
Fitch stated that El Salvador continues to face growing risks caused by high and increasing financing needs in 2022-2023. It further estimated that the Central American country's total financing needs would total to a whopping $4.85 billion in 2022, meaning a 16% increase in GDP.
Another 18% rise in GDP to $5.4 billion is also expected. In terms of financing options in the local market, the rating firm noted that the domestic private pension funds a...