The world's second-largest stock exchange, Nasdaq, has listed the AI-powered CIX100 index created by crypto data provider CryptoCompare.
The news was revealed in a press release shared with Cointelegraph on Oct. 15.Neural network-based analysis.
Reportedly designed to exclude coins with fake volumes and rankings, the "Human-free" tool targets both industry newcomers and professional investors.
According to the press release, the data is derived from the nine largest cryptocurrency exchanges globally and factors in the results of millions of trades alongside news releases and social media data.
Only coins that have consistently made it into the top 200 for at least three consecutive months are included in the index, which is rebalanced monthly.
Its AI-based predictions reportedly perform with 82% daily accuracy.
As reported, Nasdaq and CryptoCompare partnered this June to release a cryptocurrency pricing product targeted at institutional investors, which is based on CryptoCompare's aggregate index datasets.
In February 2019, Nasdaq started listing two cryptocurrency price indices from United States blockchain and crypto market data firm Brave New Coin.
Cryptocompare has also partnered with major crypto derivatives platform BitMEX to jointly construct a real-time crypto futures dataset, which will be delivered to financial markets data provider Refinitiv.
This summer, Sina Finance - a finance-focused website owned by China's major tech company Sina Corp - included a crypto index into its mobile app, without making a formal public announcement on the addition.
Nasdaq Lists AI-Powered Crypto Index for Top 100 Coins
pubblicato su Oct 15, 2019
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.