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JPMorgan To Launch Cryptocurrency

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Welcome to the 33rd issue of the QUANTAMIZE WEEKLY CRYPTO RECAP, your weekly roundup of all the crypt
 

Quantamize

February 15 · Issue #33 · View online
Quantamize Cryptocurrency Weekly Recap

Welcome to the 33rd 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 15, 2019
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The Week in Review
Cryptocurrencies were stable through the last 7 days with the market set to finish the trading week ending Friday, February 15th, 2019 mixed as the price of Bitcoin (BTC) fell 0.10% since last Friday’s close to USD$3,622.73. Maker (MKR) was the best performing major cryptocurrency this week, rallying 19% since last Friday’s close to about USD$525/token. TRON (TRX) fell the most among major cryptocurrencies this week, depreciating more than 10% since last Friday’s close. Binance Coin (BNB) continued to be the cryptocurrency stalwart this week, rallying 5.18% since last Friday’s close to USD$9.13 – BNB is now up 118% from its December low! 

Headlining this week in cryptocurrency news is JPMorgan Chase, who will become the first US bank to launch its own cryptocurrency. Dubbed JPM Coin, the cryptocurrency will be designed to increase the efficiency of cross-border transaction settlement. Also this week in crypto news, Nasdaq announced that it will launch two new indices, the Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX), to allow investors to track real-time price updates for two of the largest cryptocurrencies by market capitalization. Finally, Canadian cryptocurrency exchange Coinsquare announced the acquisition of zero-fee decentralized payment network StellarX today.  

Of the 30 cryptocurrencies we model using AI and Machine Learning, 21 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 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 63.34%
  • Bitcoin Cash (BCH) – Do Not Own with an accuracy rate of 67.82%
  • EOS (EOS) - Do Not Own with an accuracy rate of 60.70%
  • Ethereum (ETH) – Do Not Own with an accuracy rate of 61.11%
  • Ethereum Classic - Buy with an accuracy rate of 64.81%
  • Litecoin (LTC) – Do Not Own with an accuracy rate of 64.77%
  • Ripple (XRP) – Do Not Own with an accuracy rate of 64.20%

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The Paper Fork
Crypto Thursday: Transactions vs. Mining Profitability for Top Cryptocurrencies
Quantamize Crypto Weekly Headlines Recap
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Bitcoin ETF 'Virtually Certain' : Ric Edelman
7 Of The 10 Headwinds In Crypto Are Tailwinds Now
JP Morgan To Launch Its Own Cryptocurrency
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