eToro Launches Twitter Sentiment Trading Portfolio

eToro, the Israeli-based brokerage firm, has launched a new portfolio that uses AI to analyze Twitter for the latest social media perceptions of digital assets. The tool, which is called TheTIE-LongOnly CopyPortfolio, is a collaboration between eToro and cryptocurrency analytics firm The TIE. According to The TIE, the platform’s “proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter.” The platform then leverages this data and allocates trades based “on positive sentiment, algorithmically rebalancing once per month.” The system is…

Fearing USD Decline, Ex-CFTC Heads Propose a Blockchain-Based Digital Dollar

Two former heads of the Commodity Futures Trading Commission (CFTC) are offering up a plan for a government-sanctioned, blockchain-based digital dollar. In an op-ed for the Wall Street Journal published Oct. 15, J. Christopher Giancarlo, former CFTC chair, and Daniel Gorfine, former director of LabCFTC, the watchdog’s experimental initiative, proposed a blockchain protocol to digitize cash To allow the dollar to compete “in the new digital era.” Their USD-backed stablecoin is envisioned for daily transactions both domestically and abroad. Created and administered by a non-governmental group, the program would be dependent…

Bitcoin Underperforms as Investors’ Focus Remains on Brexit

Bitcoin was trading in negative territory on Wednesday as a broader market focus remained glued on Brexit and other critical macroeconomic events. Bitcoin price slips as speculators/investors shift focus elsewhere | Image credits: TradingView.com The benchmark cryptocurrency slipped 0.12 percent to trade at $8,152.92, continuing its choppy actions seen after the last significant drop on September 24. The lack of upside bias in the bitcoin market was visible in the performance of rival cryptocurrencies. Almost all the top altcoins surged slightly against bitcoin on Wednesday, indicating traders’ conflict. Bitcoin SV,…

Bitcoin (BTC) Price Showing Signs of Additional Weakness

Bitcoin price failed to rebound above $8,300 and extended its decline against the US Dollar. The price is trading below the $8,200 level and recently it declined towards the $8,050 level. There is a key declining channel forming with resistance near $8,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price remains at a risk of more losses as long as it is trading below $8,400 and $8,500. Bitcoin price is showing signs of additional weakness below $8,200 against the US Dollar. BTC could accelerate…

Bitcoin And Crypto Market Signaling Bearish Continuation: BCH, EOS, TRX, ADA Analysis

The total crypto market cap struggled to surpass $220.0B and declined recently below $215.0B. Bitcoin price is also under pressure and it recently traded below the $8,200 support area. EOS price is down around 5% and it broke the key $3.000 support area. BCH price retested the key $215 support area and it is currently correcting higher towards $225. Tron (TRX) price is down more than 5% and it broke the main $0.0160 support zone. Cardano (ADA) price declined nearly 5% and it is now trading below the $0.0400 support.…