Cryptocurrency market data platform CoinMarketCap has added a new metric to their site for measuring the fundamentals of cryptocurrency projects.The new rating system dubbed the Fundamental Crypto Asset Score (FCAS) measures cryptocurrency projects “health” by considering user activity, developer behavior, and market maturity. Basically, the service provides insight into the growth and development of a project: “We intake raw blockchain data across relevant projects and parse them internally. Once we clean, analyze, and recreate the raw data elements, we combine them with market data gathered from various sources to inform our models……..
A company that offers the service of converting crypto to fiat in the form of luxury goods is reported to record a staggering amount of transactions. Elizabeth White, the founder and CEO of The White Company that offers the service admitted in an interview that her company records $250 million worth of transactions during the ongoing bear market. She said that the fear of “a crypto doom” has led many crypto owners, most of which are millionaires even billionaires to turn to her company’s one-of-a-kind services, as reported by BTC Wires…………..