Beyond Bitcoin: Reuters Expands Data Service to Top 100 Cryptos

Beyond Bitcoin: Reuters Expands Data Service to Top 100 Cryptos

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Mass media and data giant Thomson Reuters is expanding its cryptocurrency sentiment data toolkit to cover 100 different coins, the company announced Wednesday.

Initially launched back in March, the bitcoin data feed was created in partnership with MarketPsych Data LLC. The Thomson Reuters MarketPsych Indices Cryptocurrency Sentiment (TRMI 3.1) package monitors more than 2,000 global news and 800 social media sites in real-time.

It gauges sentiments such as “excitement” or “hope” to provide insight on investment and reveal market patterns using natural language processing combined with machine learning.

“Adding a cryptocurrency-focused sentiment feed to our suite of cross-asset solutions has…enabled us to provide our customers with invaluable insights that may help them make strategic investment decisions,” said Pradeep Menon, Thomas Reuters’ global head of investing and advisory.

Supplemented by quantitative analysis, TRMI 3.1 uses a host of additional tools developed by the behavioral economists at MarketPsych to “identify influential themes and more rapidly develop actionable strategies”, according to the firm.

This expansion in the capabilities of TRMI is part of a growing use case for artificial intelligence technology among investment insights products.

CEO of MarketPsyche, Richard Peterson, explained in a past interview that trends in digital conversation can be identified as

Bulls on Crypto Street is a trading education website dedicated to cryptocurrencies. We teach strategies for swing and day trading cryptocurrencies such as Bitcoin, Ethereum, Litecoin, UnikoinGold, and other Altcoins. We're at the forefront of this industry and are continuously providing up to date information on each coin, regulations, news, token sales, and much more.

Read the full article at https://www.coindesk.com/beyond-bitcoin-reuters-expands-data-service-top-100-cryptos/

10 thoughts on “How To Setup Your Cryptocurrency Trading Platform

  1. Did I miss it, but I dont see anything about your price prediction except it might test 5000 at some point. Whats you PT for end of 2018?

  2. Wouldn’t Paradex then allow Coinbase to operate as a “decentralized” exchange? For example, users will be in control of their Private Keys, instead of relying on the security of Coinbase? Correct me if I’m wrong. Thank you!

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