eToro Launches Sentiment-Based Portfolio for Crypto Investors - Global Coin Report
Connect with us

Trade

eToro Launches Sentiment-Based Portfolio for Crypto Investors

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

eToro users can now invest in a professional-grade algorithmic strategy from The TIE

October 15, 2019 —  eToro, the leading global investment platform, announces the launch of TheTIE-LongOnly CopyPortfolio, offering users access to a sentiment-based, AIgo-driven investment strategy from The TIE, a cryptocurrency data analytics platform trusted by some of the largest traditional quantitative hedge funds as well as crypto-specific funds.

Guy Hirsch, US Managing Director of eToro, said: “In traditional markets, retail investors have historically lagged behind the ‘smart money’ when it comes to the data and tools available to them. This puts individual investors at a major disadvantage. In the spirit of crypto and decentralized technology, we believe that offering institutional-grade tools to every investor will level the playing field and democratize investing.” 

Cryptocurrency fundamentals are still maturing. They have no revenue, dividends or debt. As a result, social sentiment — people’s positive or negative perceptions — is a significant indicator of crypto asset  price movement. The Tie’s proprietary machine learning and language processing models ingest 850 million tweets per day, quantifying the positive and negative tone of conversations on Twitter. TheTIE-LongOnly CopyPortfolio strategy allocates based on positive sentiment, algorithmically rebalancing once per month.

Joshua Frank, CEO of The TIE, said: “eToro is well-known as a community where some of the smartest crypto traders share insights and strategies. We’re proud to offer investors of all experience levels a way to employ artificial intelligence and machine learning in an automatically-executed strategy, unified with eToro in our goal to make traders more active and informed.” 

Since launching the strategy in October 2017, the algorithm has generated a 281% return after fees, compared to a 41% return generated by Bitcoin alone. Annualized, The TIE’s Long-Only portfolio strategy generates on a return of 123% on average, compared to a 29% return from an equally weighted basket of the same underlying crypto assets.

The TIE’s Partner CopyPortfolios were developed in collaboration with Social Market Analytics, an investor in The TIE and a premier provider of quantified sentiment data to the world’s largest financial firms. eToro will be debuting two additional CopyPortfolio strategies from The Tie, including a Long-Short and Market-Neutral strategy, in 2020.

About eToro
eToro has been a leader in the global fintech and blockchain revolution for over 10 years, servicing more than 11 million registered users from over 140 countries. eToro users trade over $1 trillion in volume per year and share their insights, portfolios, and real-time track records on eToro’s suite of social and educational trading features. Transforming the traditional money management industry, eToro users can automatically copy the trading strategy of the leading traders in our community. Copy the smart money with eToro at www.etoro.com/en-us/

About The TIE

The TIE is a leading cryptocurrency information services firm providing sophisticated and proprietary digital asset data solutions to buy-side firms and other market participants. The TIE has developed algorithmic cryptocurrency trading models powered by the wisdom of the crowd which have achieved significant historical outperformance and reduced risk as compared to an equally weighted benchmark. Based in New York, New York and Greenwich, Connecticut, The TIE, LLC was founded in December 2017 by co-founders Joshua Frank, Joseph Gits, Ben Latz and Eric Frank

The TIE has committed to a strict ethics policy ensuring our independence and the integrity of our data and offerings. For additional information on our commitment to trust, transparency, and accountability you can read our ethics statement at http://data.thetie.io/ethics. Follow The TIE on Twitter @TheTIEIO.

Trade

Bitcoin of 2020: On the Rise, Better Established, and Much More Stable

Published

on

By

READ LATER - DOWNLOAD THIS POST AS PDF

Why Bitcoin is Continuing to Climb, from More Solid Ground Than Ever

Last night saw Bitcoin once again soaring up the market, with a 6% increase over the course of three hours. This continues a fantastic start to the year for the world’s largest decentralized currency, which is up 30% since January 1st, and pulling along with it several other primary cryptocurrencies, including Ether, Litecoin, Ripple, and Dash.

A Significant Moment for Bitcoin

January 2020 is certainly proving highly significant for Bitcoin. The sharp increases and painful falls of the past pale into comparison with now, as the current increase seems to come from a far better-established position with much more stability. Furthermore, the activity around Bitcoin is expanding in exchanges, banks, and other financial institutions, together with its legitimacy and relevancy.

World Economic Forum 

Last week, at the World Economic Forum annual summit at Davos, Switzerland, Bitcoin, cryptocurrencies, and blockchain technology were honored guests. Many of the billionaires, bankers and treasury ministers who gathered in Davos are still fairly skeptical about the decentralized economy, but despite this, they also realize that they cannot stop it.

The World Descends into Chaos, And Bitcoin is on the Rise

It seems that the more agitated the world agenda, the more Bitcoin’s popularity grows, and strengthens its status as a…

Continue Reading

Trade

World’s Richest 22 Men Are Worth The Same As All 325 Million Women In Africa — New Oxfam Report Reveals

Published

on

By

READ LATER - DOWNLOAD THIS POST AS PDF

“Wealth inequality remains shockingly high.” This is the sobering conclusion of Oxfam’s latest report, published on the eve of the World Economic Forum Annual Meeting 2020.

The 162 richest people on the planet boast the same wealth as the poorest 50 percent — 3.85 billion — in the world.

From Tuesday, January 21, close to 3,000 delegates — including 53 heads of state — from 117 countries, will participate in the WEF summit in Davos-Klosters, Switzerland. According to the website blurb, the WEF Annual Meeting is “the foremost creative force for engaging the world’s top leaders in collaborative activities to shape global, regional and industry agendas at the beginning of each year”.

This year’s topic, for the great and the good of the business world and politics, is “stakeholders for a cohesive and sustainable world”. While the hellish fires raging in Australia fan the flames for climate change, the perverse irony that most of the 774 public speakers will have been flown into the summit will not be lost on the people who are truly concerned about the heating of the world.

Similarly, that many of the wealthiest people in the world will gather to no doubt use the WEF platform to further boost their richest, through additional business deals and contacts, while…

Continue Reading

Trade

Cryptocurrency Prices Rally Towards Double-Digit Gains in 2020

Published

on

By

READ LATER - DOWNLOAD THIS POST AS PDF

The cryptocurrency market has started 2020 with a huge bang, expanding by an impressive 23% within the first two weeks of the year. The overall market capitalization of the cryptocurrency market – a measure of the size of the market – has grown from $192 billion at the start of the year, to well over $240 billion by the middle of January.

Leading the pack is Bitcoin (BTC), which constitutes more than 65% of the overall market size. Going from just under $7,200 at the end of 2019 to a high of $8,800, Bitcoin recorded double-digit gains within two weeks. January 14 saw a spike of more than 11% in Bitcoin’s price, fuelling speculation that the two-year-long cryptocurrency recession could finally be over.

Bitcoin Price Chart

Among the many factors that contributed to Bitcoin’s price increase was the geopolitical upheaval emanating from increasing tensions between the USA and Iran, which led to a flight of safety capital by investors, to safe-haven assets such as gold. Already established as a manifestation of digital gold, it seems hardly coincidental that the prices of both gold and Bitcoin went up.

Another catalyst for the increase was the official…

Continue Reading

Press Release