Japanese Watchdog to Warn Binance

Let's check the impact of these news to the Bitcoin price
22 March 2018   1980

The Financial Services Agency of Japan (FSA) warned the Binance exchange for the need to obtain a license to continue working in the country. This is reported by Nikkei.

According to the regulator, the work of Binance in Japan without a license from the Financial Services Agency violates the local law on payment services and thereby jeopardizes the interests of investors. In addition, if the crypto-exchange does not suspend activities in Japan, a criminal case will be brought against it.

Binance is one of the world's largest cryptocurrency exchanges, while Japan also holds a leading position in the development of the bitcoin industry. Thus, it is not surprising that immediately after the spread of this news, the price of the first cryptocurrency went down.

Bitcoin Price Chart
Bitcoin Price Chart

As you can see on the chart above, BTC price fell down from $9030 to $8726 in 1.5h. At the moment of press, these are main bitcoin market parameters:

  • Average price: $8 775,51
  • Market cap: $148 597 132 463
  • 24h volume: $5 822 390 000

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   69

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.