Cryptoindex AI Daily Predictions and News for 04/12/2020

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.

Cryptobank Galaxy Digital, owned by billionaire Mike Novogratz, recorded a $ 33 million loss in the fourth quarter of 2019, The French Financial Markets Authority (AMF) has published explanations of its position on cryptocurrencies for the European Commission, crypto predictions and other news for today👇

🔷Four representatives of the crypto industry were included in the rating of Forbes billionaires — co-founders of mining giant from China Bitmain Mikri Jean ($ 3.2 billion) and Cihan Wu ($ 1.8 billion), one of the founders of Ripple Chris Larsen ($ 2.6 billion) and Coinbase CEO Brian Armstrong ($ 1 billion )

🔷Cryptobank Galaxy Digital, owned by billionaire Mike Novogratz, recorded a $ 33 million loss in the fourth quarter of 2019. The bank lost $ 16.7 million of this amount due to unsuccessful trading operations, and $ 8.4 — due to failed investments.

🔷The French Financial Markets Authority (AMF) has published explanations of its position on cryptocurrencies for the European Commission. The regulator defined cryptocurrencies as “a cryptography-based and distributed-asset digital asset” and emphasizes the need for a clear distinction between financial instruments and “electronic money”. According to AMF, more accurate classification is too early to introduce.

Now let’s take a look at the Cryptoindex AI prediction sheet👇

Of course, let’s explain how does it work for newcomers:

  • At the top, you can see “prediction” and “last prediction accuracy”;
  • Our algorithm performs as an indicator of probable price movement;
  • The prediction accuracy rate for the previous period;

See➡CIX100 index methodology📚

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