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   706

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."

New York State to Revise BitLicense Granting Terms

At the moment, BitLicense is the most stringent legal framework for the cryptocurrency industry
23 October 2019   15

The terms for granting the so-called BitLicense, the license required for cryptocurrency companies to work in New York State, will be reviewed. This was stated by the superintendent of the New York Department of Financial Services (NYDFS) Linda Lacewell, reports CoinDesk.

BitLicense is considered the most stringent legal framework for the cryptocurrency industry at the state level. In particular, companies are required to receive it for cryptocurrency transactions of New Yorkers, even if they themselves are based in other jurisdictions.

Last year, Kraken, a San Francisco-based exchange, chose not to receive BitLicense, but to completely leave New York. Earlier this year, the Bittrex exchange (Seattle) also left the state without licensing.

This is a good time to take a look, a responsible look and see how our regime is fitting the current market and … what if any adjustments should we think about making to continue to adapt to sort of a changing industry … that’s going to be one of the things that [we do].
 

Linda Lacewell

Superintendent, New York Department of Financial Services

At the same time, she called not to “be too happy” about possible changes in the rules for the cryptocurrency industry.

According to her, the current regulatory regime “works well,” but the industry has changed since 2015, when BitLicense was introduced.

How has the industry grown? Has it matured in any way? And I don’t want to get too specific, but you know, it’s a good time for a second look.
 

Linda Lacewell

Superintendent, New York Department of Financial Services

 Lacewell did not specify when the revision of licensing terms will be completed and what exactly industry participants can expect in the end.

Since the introduction of the license until June 2018, only 6 companies have received BitLicense, but over the past 20 months, after the regulator has softened its position, 16 more companies have been added to their number.