Cryptoindex AI Daily Predictions and News for 02/17/2020

Cryptoindex AI Daily Predictions and News for 02/17/2020

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.

The Central Bank of China has filed 84 patent applications for technology related to digital payments, shares of the Chinese manufacturer of miners Canaan on the Nasdaq exchange jumped by almost 83% in just a day, crypto predictions and other news for today:👇

🔷 On February 11, ePayments blocked user accounts at the request of the UK Financial Supervisory Authority (FCA). Users of the service are temporarily unavailable for any actions on the accounts. See the article at the link, what can replace ePayments while the service is suspended.

🔷 The United States Financial Crime Prevention Network (FinCEN) promises to introduce new “significant requirements” for cryptocurrencies. This was stated by the Minister of Finance, adding that the technology should develop, but not become like a “secret account number in a Swiss bank.”

🔷 The Bank of China has filed 84 patent applications for digital payment technology. The applications describe the protocols that control the release of the national cryptocurrency, as well as its integration with the banking infrastructure of China.

💬 According to an economist at the Bank of England, the effect of “digital gold” and the limited capabilities of the blockchain negatively affect Bitcoin. People begin to accumulate BTC, as a precious metal. But the value of bitcoin, according to the expert, is determined precisely by its use as a means of payment.

🌐 Telegram developers and large investors have teamed up with the TON Community Foundation. This community is created to manage the project at the community level. Now it focuses on protecting Telegram in litigation with the SEC. Next, their task will be to popularize TON.

💸 The Libra stablecoin collateral model is subject to change. The Association is considering the option of supporting the coin not with a whole set of fiat currencies, but only with the US dollar. Thus, according to the organization, it will be possible to find a common language with regulators and dispel their doubts about the release of Libra.

🔷 Fundstrat co-founder Tom Lee predicts bitcoin growth to $ 40,000 during the year. Among the factors, he attributed halving, an outbreak of coronavirus, the intersection of the 200-day moving average, as well as geopolitical instability.

🔷 Tether launched a token on the Algorand 2.0 blockchain, which provides instant transaction confirmation. Using standardized asset technology (ASA), Tether will be able to issue and tokenize any assets based on Algorand.

🔷 The share of bitcoins under the management of the Grayscale Trust has reached a historic high. The company has 285,000 BTC in the amount of $ 2.8 billion on its accounts. This is about 2% of all BTC in circulation. The growth in the share of trust assets is a positive indicator of institutional investments in bitcoin.

🔷 Shares of the manufacturer of Canaan miners on the Nasdaq exchange jumped by almost 83% per day. Bidding closed at $ 8.04, starting at $ 4.42. Trading volume amounted to 11 million shares. The situation may be related to the upcoming BTC halving.

🔷 One of the oldest European banks — Bankhaus von der Heydt — will use the Stellar blockchain to tokenize securities. The Bank believes that this will simplify the sales process and reduce costs.

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 Mon, 17 Feb 2020 14:59:26 +0000