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   1318

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.

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   56

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.