Thomas Reuters' Cryptocurrency Index to Track 100 Coins

MarketPsych Indices includes tools for investment analysis of various indicators, from companies to government loan bonds
13 June 2018   768

The Thomson Reuters media company is expanding the list of cryptocurrencies index, helping to determine the mood of the market. This is reported by CoinDesk.

The product MarketPsych Indices was launched in March this year. It includes tools for investment analysis of various indicators, from companies to government loan bonds, and draws information from more than 2,000 news sources and 800 social networks.

Among other things, at the first stage bitcoin was included in it. From now on, the tool will allow analyzing 100 assets represented in the cryptocurrency market using a number of metrics such as"excitement" or "hope", using artificial intelligence and machine learning.

Adding a cryptocurrency-focused sentiment feed to our suite of cross-asset solutions has...enabled us to provide our customers with invaluable insights that may help them make strategic investment decisions.
 

Pradeep Menon

Global head of investing and advisory, Thomas Reuters

MarketPsych Indices uses quantitative analysis and a set of additional tools developed in accordance with the principles of the behavioral economy, which allows "to identify the dominant motives and to develop a strategy of actions more quickly."

Binance Singapore Unit to Apply For License

Under the new law, aimed at regulating crypto paymetns and trading, firms must register with the Monetary Authority to receive a license
17 February 2020   234

Binance, a Singapore-based cryptocurrency exchange unit, has applied for a license under the new Payment Services Act, which entered into force on January 28.

We have already applied. We submitted the application pretty fast. Binance’s Singapore entity has been in close touch with the local regulators, and they have always been open-minded.

 

Changpeng Zhao

Founder and CEO, Binance

Under the new law, crypto companies in Singapore must register with the Monetary Authority and receive one of three licenses: an exchange of money, a standard or large payment institution. The measure is aimed at regulating payments and crypto trading using requirements for participants in the traditional finance industry. Zhao did not specify which of the licenses Binance Singapore chose.

Binance has been offering crypto-fiat trading services in Singapore since April 2019 and works with eight coins, including Bitcoin, Ethereum and XRP. The trading platform is supported by Vertex Venture Holdings, a venture division of Singapore's Temasek Holdings.