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Cryptocurrencies Surge To End Week Positive

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Welcome to the 32nd issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

February 8 · Issue #32 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 32nd 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 February 8, 2019
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The Week in Review
Cryptocurrencies soared in Friday trading and are poised to finish the 7-day week ending Friday, February 8th largely positive as the price of Bitcoin (BTC) is up 5.52% since last Friday’s close to USD$3,671.19. Litecoin (LTC) led major coins this week in gains, up 30.36% in the last 7 days to USD$43.02.  Binance Coin (BNB) also had a stellar week, up 29.90% since last Friday’s close to USD$8.60 – BNB has appreciated 105.25% since its early December low to become the 10th largest cryptocurrency by total market capitalization.  

This week of cryptocurrency news is headlined by US-based Kraken, who announced the acquisition of crypto exchange and futures provider Crypto Facilities for more than USD$100mm. The acquisition of Crypto Facilities, who is based in the United Kingdom, is likely part of Kraken’s plans to expand into Europe. Also this week, news broke that the founder and CEO of Canadian crypto exchange QuadrigaCX, Gerald Cotton, passed away in early December from complications due to Crohn’s disease. Cotton was allegedly the only member of QuadrigaCX with access to the exchange’s cold wallets, leaving users without access to USD$190mm worth of digital assets. Finally, SIX Swiss Exchange, Switzerland’s largest stock exchange, announced intentions to launch SIX Digital Exchange, a blockchain-based stock exchange platform, in the second half of 2019.  

Of the 30 cryptocurrencies we model using AI and Machine Learning, 25 are positive for the week. Currently, 4 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 today. 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 63.70%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 63.74%
  • EOS (EOS) - Do Not Own with an accuracy rate of 61.00%
  • Ethereum (ETH) – Buy with an accuracy rate of 61.07%
  • Ethereum Classic - Do Not Own with an accuracy rate of 65.25%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 64.70%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 63.66%

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Why Bitcoin (BTC) May Be Digital Gold Despite Rough Bear Market
Crypto Thursday: LocalBitcoin trading volume in select countries around the globe
Quantamize Weekly Crypto Headlines Recap
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Ripple CEO and SWIFT CEO Speak on CNBC Panel
JPM's Chang on the Evolution of Blockchain Technology
What Crypto Exchange Founder's Death Illustrates
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