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   233

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."

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.