• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

Capital One Files Patent for AI That Would Slice, Dice Social Media to Find Crypto Trading Picks

Written by:
Aeon Flux
Published on:
18 August 2020
Thoughts:
No comments yet

Aug 17, 2020 at 20:27 UTCUpdated Aug 17, 2020 at 20:46 UTC

https://www.shutterstock.com/image-photo/new-york-december-1-2016-capital-529185889?src=BIlVNDuU9rvtCQuDkJ7aZg-1-8

“Unlike many other markets, cryptocurrencies trade 24/7, thereby requiring traders to make decisions at all times throughout the day,” Capital One wrote in its filing. (Shutterstock)

Capital One has moved to patent an artificial intelligence platform capable of turning the internet’s 24/7 cryptocurrency informational overload into actionable trading recommendations. 

  • Capital One’s “credibility analysis engine” would sort through and analyze price speculations from Telegram, Twitter and Reddit crypto influencers; hacking news; regulatory headlines; YouTube videos; protocol blog posts and more, according to the Aug. 13 patent application.
  • This AI-backed engine would then weigh these signals against historical trends and source track-records to generate a “market trend prediction” for the cryptocurrencies, the filing said.
  • The result: a “personalized trading decision” for cryptocurrencies that users could opt to execute on the platform, according to the application.
  • “It would be impossible for human traders to track,” digest, decipher and trade on the entire breadth of cryptocurrencies intelligence alone, Capital One said in the application.
  • Capital One did not immediately respond to CoinDesk questions on what it plans to do with its AI credibility engine or if the platform is already in use. 

Read more: eToro Launches Crypto Portfolio Weighted by Twitter Mentions

Read more about…

Capital OnePatentsArtificial IntelligenceCrypto TwitterCoinFlash

Disclosure

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Categories: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (2,396)
  • Ethereum (1,613)
  • News (4,999)

Recent Posts

  • Just a Game Review: A Gaming Platform Putting the Community First 3 May 2022
  • Top 10 equity management software every business should know in 2022 3 May 2022
  • Satoshi Uzumaki Releases Bored Boneheads NFT Series on OpenSea 2 May 2022
  • OneStake Ready to Change the Way DeFi World Operates 2 May 2022
  • OXStake Announces the Launch of a New Way to Stake Cryptos 2 May 2022

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web