Insights Tool Uses AI and NLP Technology to Analyze Millions of Data Points and Market Sentiment Related to Buying, Selling and Trading Crypto Assets
TORONTO, Feb. 1, 2018 /CNW/ - CryptoGlobal Corp. (TSXV: CPTO) — one of Canada's leading blockchain technology companies — is beta testing a proprietary artificial intelligence (AI) Insights platform for use in analyzing buying, selling and trading crypto assets.
The new tool uses AI technology and natural language processing (NLP) to analyze and distill millions of global data points to help inform buying, selling and trading crypto assets. CryptoGlobal expects to conduct further testing of Insights with traders and analysts throughout Q1 and Q2. CryptoGlobal CEO Rob Segal says his team anticipates releasing the tool in Fall 2018 as a subscription product for traders, analysts and the global investment community.
"The crypto market is highly reactive and trades on news events, information patterns, emotions and sentiment," says CryptoGlobal CEO Rob Segal. "CryptoGlobal Insights is an intelligent social analytics tool that reflects our team's blockchain expertise, input from the trading community — and a global team of natural language processing (NLP) and machine learning specialists," says Segal.
How CryptoGlobal Insights Works CryptoGlobal's Insights tool highlights and aggregates news articles, social media posts, commentary and events in the crypto space — and uses natural language processing to determine evolving market sentiment on any coin.
Segal says Insights was created over eight months by the same team that is providing sophisticated AI user experience and interface solutions to many of the world's biggest financial institutions. The team that created Insights includes artificial intelligence (AI), natural language processing (NLP) and machine learning experts located in major US cities, and in Israel and Canada.
"Insights marks an exciting next phase in CryptoGlobal's vision to build one of Canada's fastest growing blockchain and financial technology companies — with proprietary technology and diversified revenue streams," says Segal. Earlier this week Segal announced that CryptoGlobal will reinvest 50% of earnings back into scaling infrastructure and blockchain R&D.
CryptoGlobal — We Power the Blockchain CryptoGlobal is a leading Canadian blockchain and financial technology company. Our team mines a diverse portfolio of cryptocurrencies from one of Canada's largest and most efficient mining operations. Currently, CryptoGlobal focuses on mining Bitcoin, DASH, Ether and Litecoin — using a mix of custom-tuned mining technologies.
About Blockchain and Cryptocurrency Mining Think of CryptoGlobal like the utility company for digital currency transactions. Instead of powering your house, CryptoGlobal powers the blockchain. For digital currency transactions to work, every Bitcoin and Ethereum transaction needs to be validated and verified by cryptocurrency miners like CryptoGlobal.
CryptoGlobal uses powerful mining machines — super computers — to solve complex problems that validate Bitcoin and other cryptocurrency transactions. Every time CryptoGlobal solves a problem, its computers create a digital seal known as a "block" to verify the transaction. Each block is saved to the blockchain — a virtual ledger that records every digital currency transaction.
CryptoGlobal gives its energy and computing power to the blockchain and in return, CryptoGlobal gets little pieces of each transaction (paid in digital currency) as a reward.
So far, the company has a large-scale mining operation up and running in Canada — with concrete plans to scale its mining machine hash power in Q1. CryptoGlobal currently mines a diverse mix of four popular cryptocurrencies: Bitcoin, Ether, DASH and Litecoin. Learn more at www.cryptoglobal.io
FORWARD-LOOKING STATEMENTS This news release contains certain forward-looking statements, including, but not limited to, statements about CryptoGlobal's future plans and intentions, and the CryptoGlobal's research and development, and commercialization plans for its predicate artificial intelligence platform.
Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof. Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements.
These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the CryptoGlobal cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and CryptoGlobal assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE CryptoGlobal Corp.
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