Cryptoindex AI Daily Predictions and News for 02/02/2020

Cryptoindex AI Daily Predictions and News for 02/02/2020

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 friends,

So many amazing things have happened this week and maybe you missed them. Therefore, we have prepared for you our digest and crypto predictions for today:👇

🔷 US presidential candidate Andrew Young noted that digital assets can no longer be stopped with government bans and barriers. According to him, it is important to find the right approach to regulation of the industry. In the United States, fragmentation reigns now, where each state plays its own rules regarding cryptocurrencies.

🔷 A document has been published according to which the digital currency of China (DCEP) intends to completely replace cash. The issuer of the currency will be Halyk Bank. He will become the only custodian of private information about transactions. DCEP will use a centralized management system.

🔷 Messari reports that the largest share of transactions in the Ethereum blockchain falls on stablecoins, and not on the native ETH cryptocurrency. Experts attribute this to the arrival of Tether (USDT) in the Ethereum system. Since mid-2019, USDT has maintained its leadership position on the air.

🔷 By decision of the UK court, the Bitfinex exchange should freeze the assets of its client in the amount of $ 860,000 and disclose its personal data. The fact is that the user is suspected of extortion. Some of the money received from the victim, namely 96 BTC, was transferred by the attacker to Bitfinex.

🔷 Experts from Deutsche Bank drew an analogy between cryptocurrencies and the Internet. They write that these two areas have a similar development trend, although the first lags behind in the number of users. According to the study, the level of adoption of blockchain and cryptocurrencies reflects the level of Internet use in the early years of its existence.

🔷 Litecoin creator Charlie Lee suggested that Bitcoin, on the eve of and after halving, would follow the path of digital silver, which survived this event in 2019. It is likely that before halving the price of BTC, as in the situation with LTC, will rise significantly amid enthusiasm. After the event, it is likely to fall, as people will begin to sell coins.

🔷 The US Securities and Exchange Commission (SEC) released the names of several large investors who may have participated in the token sale of the Telegram project. So, the list includes the ex-member of the managing board of the Bitcoin Foundation, the founder of ABBYY Lingvo, as well as a number of US investment funds.

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 Sun, 02 Feb 2020 21:17:37 +0000

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