New Social Media Based Crypto Index to be Created

According to developers, over 33 TB of social media data is analyzed to create new tool for Thomas Reuters, Bloomberg Terminal and TradingView
14 June 2019   430

Thomson Reuters and Bloomberg platforms, as well as the TradingView portal, will add new cryptocurrency indexes to the financial terminals, which take into account the news agenda and posts in social networks. It is reported by CoinDesk.

Cryptoindex company provides the work of new tools. Thus, users will be able to view one hundred cryptocurrencies of the two hundred most capitalized digital assets.

As noted in Cryptoindex, the presented cryptoassets throughout its existence attracted "significant attention in social networks."

A new index takes into account about 1,800 cryptocurrencies totally, which are selected through several filters. When collecting information, it also takes into account posts in social networks, including Twitter, Telegram and GitHub.

Over 33 Terabytes of data is analysed to extract over 200 factors that create a refined ranking in the index, which is then put into a neural network to create a final rating of coins. 
 

Press release

In March, it was reported that Nasdaq, Bloomberg and Reuters will begin to display CoinMarketCap cryptocurrency indexes.

EOS to Buy $30M Worth Domain For Its Social Network

Earlier, CEO reported that his company will spent about $150M to develop Voice, and looks like "voice.com" purchase for $30M is one of the first steps
19 June 2019   146

The Block.One company, known for developing the EOS blockchain protocol, acquired a domain for its new social network Voice for $ 30 million. This is evidenced by documents published on the website of the US Securities and Exchange Commission (SEC).

Documents were provided by MicroStrategy, an analytical and mobile software provider. It follows the “voice.com” domain, registered in the GoDaddy domain name registry, was transferred to the EOS developer on May 30, 2019. After 2 days, Block.One officially announced preparations for the launch of a social network.

Block.one has made a smart strategic decision in choosing Voice.com to be the internet domain name for its new social media platform. The word ‘voice’ is simple and universally understood. It’s also ubiquitous — as a search term, it returns billions of results on the internet. An ultra-premium domain name like Voice.com can help a company achieve instant brand recognition, ignite a business, and massively accelerate value creation.
 

Marge Breya 

Senior Executive Vice President and Chief Marketing Officer, MicroStrategy Incorporated. 

The commercial model of MicroStrategy is based, among other things, on the accumulation and sale of such expensive domain names.

According to Block.One, the identification of users and the use of the EOS blockchain in the social network will help to avoid the massive influx of bots, which often affect other members of this niche. Earlier, CEO Block.One Brendan Blamer reported that his company spent about $ 150 million to develop Voice.