BTC Sales Thru Cash App to Rise by 245% in a Year

Cash app is developed by the Square Inc, run by the Twitter creator; it allows you to send money and trade Bitcoin
07 November 2019   333

In the third quarter, Square’s Bitcoin sales through Square’s Cash App reached a record $ 148 million. This is 245% more than a year earlier and 20% higher than the second quarter.

In a letter to investors, the company noted that the number of Bitcoin buyers "doubled for the first time."

The profit remained at the level of the second quarter - $ 2 million, and the total revenue from the Cash App in the quarter - $ 307 million.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   113

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.