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   460

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 to Launch Crypto-Fiat Exchange at Jersey

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs
16 January 2019   72

Binance has opened a branch at Jersey island, targeting Europe and the UK. Its clients will be able to trade Bitcoin and Ethereum for the euro and the British pound. 

The new exchange will feature BTC / GBP, ETH / GBP, BTC / EUR and ETH / EUR trading pairs. To start trading, users must undergo KYC verification.

According to Binance CFO Ju Wei, bidding cryptocurrencies for fiat money will provide Europeans with new opportunities in the face of uncertainty with Brexit affecting the euro and the pound.

Wei also stressed that a strong legal framework makes Jersey one of the leaders in the development of blockchain technology.