CryptoForecast is launching a new webapp

New webapp is to be released on May 30 that will feature the aggregation of 13 different forecasting algorithms
21 May 2018   267

In order to diversify trader's analysis tools CryptoForecast is rolling out a new web application on May 30. This release will feature Cryptolearning - the aggregation of 13 different forecasting algorithms. Another seasonality model will be introduced along with the algorithms - Autoregressive Integrated Moving Average (AIMA).

The algorithms will be used for chart generation and allows customization such as:

  • Benchmark

past time period used by an algorithm for an experimental forecasting;

  • History and Forecast

length of historical database selection

  • Timeframe and pairs

BTC/USD, ETH/BTC, ETH/USD, LTC/BTC, LTC/USD, XMR/BTC, XMR/USD, XRP/BTC, XRP/USD, DASH/USD, DASH/BTC

Cryptolearning will be fully manual at launch. And some detailed guidelines about each of the aggregated algorithms and how to better use all the tools (Pillar, Technical Analysis) will be published.

At the moment of publication, the market characteristics of CryptoForecast are as follows:

Average price 0.006176 USD
Market cap 284,091 USD

Financial Establishments warned by UK Central Bank

The Bank of England’s Prudential Regulation Authority (PRA) reminded financial institutions`CEOs that activity with crypto-assets may cause “reputation risks”
29 June 2018   274

In a letter dated June 28th to CEOs of banks, insurance firms, and designated investment companies, PRA Deputy Governor Sam Woods briefs leaders to act in correspondance to regulatory rules and work with the PRA to reveal any sort of information the financial watchdog would deem as important.

In his letter Woods writes how the cryptocurrency industry has experienced fast growth but is filled with “high price volatility and relative illiquidity.” He claims it is vulnerable to nefarious activities like money laundering and terrorist financing. The letter approves: “crypto-assets should not be considered as currency for prudential purposes,” but discussions are still going on about the prudential treatment of crypto-assets.

The letter points out risk strategies and management systems the PRA considers as appropriate in demands to cryptocurrency. The members and senior leadership demand PRA approved individual to sign off on any sort of risk assessment procedure a firm has “for any planned business direct exposure to crypto-assets and/or entities heavily exposed to crypto-assets.”

The PRA as well recommends businesses to conduct their necessary diligence before exposure to crypto-assets and directs firm leadership to rely on expert voices to assess risk. Finally, the watchdog awaits firms to keep governing contacts abreast about any cryptocurrency-related activity or planned exposure and give a risk estimation about supposed exposure.