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Binance Coin Climbs To #9 Cryptocurrency

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Welcome to the 35th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

March 1 · Issue #35 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 35th issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypto news you need to know. At Quantamize, we are seeking to level the playing field for individual investors with AI-powered Multi-Factor models across multiple asset classes, including Cryptocurrencies. If you have any feedback on this weekly report please send us a note at suggestions@quantamize.com.

Every day at Quantamize, we track the top stories that affect cryptocurrencies and the emerging blockchain ecosystem. At the end of the week, we review all the news to give you a clear picture of what was most important.


Quantamize Weekly Crypto Recap
Quantamize - Weekly Crypto Review March 1, 2019
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The Week in Review
Cryptocurrencies are poised to finish the 7-day week ending March 1st broadly lower as the price of Bitcoin (BTC) fell 2.86% since last Friday’s end of day to around the USD$3,870 level. EOS (EOS) lagged major coins in trading this week, slipping 6.77% since last Friday’s end of day to USD$3.58. Binance Coin (BNB) continued to bolster its case as the crypto market stalwart this week, moving against the broad market and appreciating 5.50% since last Friday’s end of day to USD$11.30 – with the extension of its rally this week, BNB flipped TRON (TRON) to become the ninth-largest cryptocurrency by market capitalization.  

This week of cryptocurrency news is headlined by Coinbase, who officially began to offer trading services for major cryptocurrency Ripple (XRP) on its online and mobile exchange platforms. Also notable in crypto news this week, the New York Times reported that Facebook is beginning to shop its highly secretive cryptocurrency project, dubbed as Face Coin, to various cryptocurrency exchanges. The 50-person team at Facebook working on the cryptocurrency, headed by ex-PayPal President David Marcus, aims to, “succeed where Bitcoin failed.” Finally this week, JPMorgan Chase & Co. CEO Jamie Dimon said in an interview with CNBC that the financial institution’s prospective cryptocurrency, JPM Coin, could one day have consumer applications.

Of the 30 cryptocurrencies we model using AI and Machine Learning, 7 are positive for the week. Currently, 8 cryptocurrencies modeled by our Machine Learning algorithms are rated as “Buy”. Nearly all of these models have accuracy scores above 60%!

If you’re a cryptocurrency trader, Quantamize’s AI Machine Learning 3-Day Crypto Trading Signals were updated twice this week, most recently Wednesday. We model 30 cryptocurrencies and produce directional “Buy”/“Do Not Own” trading signals that help cryptocurrency traders navigate the crypto markets over the short term. You can find a screenshot of our Crypto Signals below. A few highlights include:

  • Bitcoin (BTC) –Do Not Own with an accuracy rate of 62.22%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 67.78%
  • EOS (EOS) - Do Not Own with an accuracy rate of 60.95%
  • Ethereum (ETH) – Do Not Own with an accuracy rate of 59.37%
  • Ethereum Classic - Do Not Own with an accuracy rate of 63.07%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 64.95%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 63.83%
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Crypto Thursday: Transaction Value vs Unique Sent from Addresses for Top Cryptocurrencies
Cryptocurrencies trade lower for week, JPMorgan and Facebook delve deeper into cryptos
Cryptocurrencies or Central Bank Issued Digital Currency? Perhaps Both
Stablecoins, IoT, and the Internet 3.0
The ABC's of Crypto Compliance
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Powell: Cryptocurrency's Affect on Monetary Policy
Apple Co-Founder Wozniak on Zuckerberg, AI, Crypto
Jamie Dimon: JPM Coin Could Be Used By Consumers
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