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.
Learn more about CryptoGlobal and the future of mining at
www.cryptoglobal.io
Editor's Notes:
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.