Thomas Reuters to Launch Cryptocurrency Index

Media giant has launched a new bitcoin data feed designed to make it easier for investors to monitor the market
12 March 2018   754

Thomson Reuters is launching a new bitcoin data feed, which will help investors determine what moods prevail in the bitcoin market at a particular moment. This is reported by Coindesk.

The indicator is included in the latest release of MarketPsych Indices, a toolkit for investment analysis of various indicators, from companies to government loan bonds.

The mood of the bitcoin market will be determined by artificial intelligence, analyzing over 400 data sources, including news articles and messages on social networks.

Our customers can use it to generate alpha. They can drive positive investment returns. They can use it to better balance the risk in their portfolios. 
 

Austin Burkett

Global head of Thomson Reuters

Using metrics such as greed or fear, investors will be able to determine the best time to hedge or place orders to buy or sell bitcoin, when indicators they trust more will indicate such an opportunity.

At the end of last year, the support of Bitcoin Cash, which became the third digital asset, was integrated into the Thomson Reuters Eikon platform, for the movement of the course which users of the service can follow.

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   167

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.