The UK Watchdog forestalls Against Coin Boost Inc.

FCA issued a warning to only deal with authorized financial companies
20 June 2018   1546

On Monday the Financial Conduct Authority (FCA) has published a warning against Coin Boost Inc. for proposing financial services or products in the United Kingdom without authorization. As claimed on their webite, Coin Boost Inc. suggests investment plans for bitcoin traders and markets itself as the most “secured place to invest your bitcoins.” It declares it is a registered legal international investment company in the US and its activities are controlled by the US international business officials. It also demands it acts in accordance with US legislation.

The broker confirms to have an office at 313 Patterson Road, Brooklyn, New York, UNITED STATES OF AMERICA, 11209. The UK regulatory has yet again published an alert to only deal with financial firms that have been authorized by the FCA. Individuals can check the Financial Services Register in order to see whether an organization is authorized.

The watchdog statement also informed the UK investors that if something goes wrong while trading with unauthorized brokerages, they will not be optative to get assistance from the FCA. This warning follows a recent report that demonstrated the grow of online investment fraud, that Finance Magnates reported on in January. The report claimed that investors had lost an average of GBP 87,410 (USD 118, 379) per day during 2017.

The conclusion made by the FCA’s report is that scammers’ tactics have changed and many now utilize social media and other online marketing methods to reach potential investors, instead of approaching them through traditional tactics such as cold calling.

BNC to Monitor BTC Community's Mood

The system called Twitter Sentiment analyzes over 34M BTC-related Twitter posts each week, using AI to track the mood of the community
22 January 2020   121

Blockchain-based New Zealand-based research firm Brave New Coin (BNC) has unveiled a new system for measuring the mood of the Bitcoin community based on Twitter messages.

According to BNC, the new Twitter Sentiment rating system analyzes over 34 million BTC-related Twitter posts each week. The company uses artificial intelligence (AI) algorithms that look for records containing the words bitcoin, $ BTC and BTC and others.

BNC notes that user sentiment continues to be a “significant” factor in the price and dynamics of digital assets, and a new technique has been developed to track these sentiments. According to the BNC, it took 18 months to launch the Bitcoin Twitter Sentiment. The data obtained is divided into seven categories - Opinion, Technical Information, Inside the Network, Advertising, Bots, Macros and Hacking.

For the week ending January 17, the most common entries were in the Opinion category - their number was 30.42% of all data received. In second place was the category Technical Information, and in third inside the network (includes information on mining and hashrate).

BNC spokeswoman Pierre Ansaldi said that during the first quarter of this year, the company will also launch community sentiment analysis tools for other crypto assets.