EToro and The Tie to Track Crypto Sentiment on Twitter for Investors

The social trading and investing platform eToro has partnered with analytics and finance management startup The Tie to launch a sentiment-based analytical tool to track people’s perception of cryptocurrencies. EToro unveiled the new strategy, dubbed TheTIE-LongOnlyCopyPortfolio, in an official announcement on Oct. 15. The strategy analyzes digital currency-related conversations, processing 850 million tweets every day by means of machine learning and natural language processing technology. Opening trades on positive sentiment signals only When parsing through social media messages, the tool scans each tweet individually to single out tweets related to…

Ford Uses Blockchain Tech to Track ‘Green Miles’ Driven By Vehicles

The Ford Motor Company is looking into blockchain technology and geofencing to accurately track the number of “green miles” driven by its energy-efficient vehicles. Analyzing real-world benefits of energy-efficient vehicles On Oct. 15, Ford announced that it is expanding its European plug-in hybrid electric vehicle (PHEV) pilot project to Cologne in Germany. The United States car manufacturer aims to analyze the real-world benefits of these energy-efficient vehicles for the environment, commercial vehicle owners and operators. The pilot, which is also conducting tests on the streets of London and Valencia, will…

Q3 Saw Record High Inflows, Growing Institutional Interest

Digital asset management giant Grayscale registered over $254 million in total investment into its products in the third quarter of 2019. In its Digital Asset Investment Report for Q3 2019, Grayscale provided details on the inflows into its products for the period from July 1, 2019 through Sept. 30, 2019. The third quarter of the year marked the highest demand for the company’s offerings since its establishment, resulting in $254.9 million of inflows. The figure shows a threefold quarter-on-quarter increase, from $84.8 million last quarter. The quarterly inflows into Grayscale…

WATCH: MyCrypto CEO Taylor Monahan on Crypto Adoption and Ethereum

At Devcon 5 last week, CoinDesk’s Leigh Cuen sat down with MyCrypto CEO Taylor Monahan to chat about user adoption and the state of ethereum. Founded in 2015, MyCrypto makes the blockchain more accessible through customer-first products for ethereum and ERC-20 tokens. As Monahan told CoinDesk, MyCrypto focuses on the customer experience: “People are used to the Googles and the Facebooks and you type in your username and your password and if you forget it like they’ll recover it for you and everything’s fine. And then they enter crypto and…

‘Satoshi’ Enters the Oxford English Dictionary

The Oxford English Dictionary, published by the Oxford University Press, has added “satoshi” to its compendium of the English language. First used less than seven years ago, satoshi is the newest word added to the dictionary. The addition was made as part of a quarterly update to the respected source’s database that also includes the words “Manhattanhenge,” “whatevs” and a revised history of “fake news.” According to the now official OED definition, a satoshi is “the smallest monetary unit in the bitcoin digital payment system, equal to one hundred millionth of a…

Ford Test Driving Blockchain for Energy-Efficient Vehicles

Ford is giving a little more road to a blockchain pilot program aimed at improving fuel efficiency. On Tuesday, the auto-giant said it will use blockchain to monitor and automatically implement fuel efficient driving modes for a fleet of vehicles in Cologne, Germany. This is part of a wider pilot program also happening in London and Valencia, Spain. In collaboration with the City of Cologne, Ford outfitted 10 plug-in hybrid electric vehicles with cellular modems that enable geofencing. As the vehicles enter low-emission zones, they will automatically switch to electric-drive. The…

SEC Restarts Clock on Proposed ‘Bitcoin and T-Bills’ ETF

The U.S. Securities and Exchange Commission (SEC) is again soliciting comments on a proposed exchange-traded fund (ETF) based around bitcoin and Treasury bonds. According to a public filing published Tuesday, investment management firm Wilshire Phoenix and NYSE Arca filed an amendment to their ETF proposal earlier this month to address issuance and redemption for the securities and the listing/trading of the fund’s shares. Coinbase Custody will act as the custodian for the bitcoin held by the trust, according to the filing. Tuesday’s notice says Coinbase will provide attestations confirming the…

eToro Launches Crypto Portfolio Weighted by Twitter Mentions

That notorious abyss of Crypto Twitter – where the XRP Army patrols, altcoins flourish and falter, and @Vitalik99832182 promising you infinity ETH – got a new plaything today: an eToro crypto portfolio calibrated to the tenor of its tweets. The new financial instrument is called TheTIE-LongOnly CopyPortfolio, and, as of Tuesday morning, it was live on eToro’s trading platform with a minimum $2,000 buy-in. It’s a partnership between eToro exchange and The TIE data analysis firm, who sources their tweets – about 850,000,000 daily – from Social Markets Analytics. With an…

Facebook Officially Launches Libra Despite High-Profile Departures

Libra, the highly-scrutinized planned cryptocurrency led by Facebook (NASDAQ:FB), officially launched in Geneva yesterday despite several high-profile defections from the project last week. Libra Launches With 21 Chartered Members The Libra Association, the non-profit governing body of the digital currency, officially signed on 21 charter members at a meeting at its Swiss headquarters. The association was originally made up of 27 members; however, the high level of regulatory scrutiny leveled at the project led to several prominent defections in recent weeks. These include Visa (NYSE:V), PayPal (NASDAQ:PYPL), and Mastercard (NYSE:MA),…