Cryptoindex AI Daily Predictions and Digest for 01/28/2020

Cryptoindex AI Daily Predictions and Digest for 01/28/2020

CryptoIndex is a tool for exposure to the crypto market and serves as a smart benchmark for all cryptocurrencies. The AI-based Cryptoindex algorithm is continuously analyzing more than 2000 coins applying over 200 factors, processing more than 1 million signals per second to provide a highly sophisticated index of the top 100 coins.

Dear community,

We collected the most relevant news in our digest and crypto predictions powered by Cryptoindex AI for today. Let’s take over them:👇

🔸 The blockchain association, which includes leading US crypto companies, has supported Telegram in a lawsuit against the SEC. Coinbase, Circle, 0x, Ripple, and others are asking the court to dismiss the SEC’s argument that Gram is a security, so as not to harm investors and the market.

🔸 Charles Hoskinson announced a hard fork on the Cardano network. It was planned for mid-February. As a result of the hard fork, the Cardano consensus algorithm will be updated — the Ouroboros Bizantine Fault-Tolerant (OBFT) protocol will be implemented.

🔸 Major mobile operator Vodafone became the 8th company to leave the Libra Association, and the first to leave the project after its official launch. Vodafone noted that they will send funds to their own initiative — the digital payment service M-Pesa.

🔸 The head of BTC.TOP, the largest mining pool of Bitcoin Cash, made a proposal to introduce a “tax” for the extraction of cryptocurrency. So, according to the initiative, miners will have to transfer 12.5% ​​of their income to the Bitcoin Cash Development Fund.

🔸 Tether announced the launch of a new token — Tether Gold. It is secured by gold from Swiss vaults. Stablecoin “grants the right to own one troy ounce of pure material gold in a particular gold bullion.” The coin received a ticker XAU ₮.

🔸 The Bakkt platform announced that their payment application for consumers will be more like a traditional fintech product like PayPal than a crypto service like Flexa. The launch of the application is scheduled for this year.

🔸 The Turkish city of Konya announced its plans to launch the City Coin cryptocurrency and create a financial system based on the blockchain. The digital asset will be used in social assistance programs, municipal institutions, transport and environmental services.

🔸 Venezuelan developers want to simplify the process of transferring BTCs using mesh network technology. A solution called Locha Mesh is a decentralized network that uses radio waves and does not require an Internet connection.

Now let’s take a look at the Cryptoindex AI prediction sheet👇

Of course, let’s explain how does it work for newcomers:

Published at Tue, 28 Jan 2020 21:12:51 +0000

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