Ai Enforces the Crypto Market
Artificial Intelligence is being employed to detect trading irregularities on the cryptocurrency exchanges around the world. Is an Ai system more adept at policing this new crypto world?
When Goldman Sachs announced plans to roll back building of their cryptocurrency desk last Wednesday, the market reacted with an over 10% decrease in many of the most heavily traded cyrpto's. There has been much suspicion in the market regarding potential price manipulation on Wednesday.
Ronin AI is one of the newest Ai systems developed for policing this market and has just been launched into live action! Last Wednesday, when Goldman Sachs made their announcement, Ronin Ai detected irregular trading on the crypto market. Ronin Ai found the drop of market sentiment before the negative price movement on Wednesday. The algorithm detected the sentiment was off the average of 3 standard deviations. Ronin Ai uses artificial intelligence and machine learning to analyze real-time data stream. The data showed that there are some irregular trades that happened in 9:42 a.m, 9:50 am, 9:58 am,10:06 am, 10:14 am, 10:20 am, 10:30 a.m,10:36am, 10:46 am, 10:54 am, and 11:02 a.m. Ronin Ai's alarm was set off by those suspicious trades and data scientists are paying close attention to those trades as well.
This is not the first time that Ronin Ai has detected irregular trades. The expected crypto price surge was detected on July 27th from between 1 p.m. to 3 p.m. As for traditional feed-forward neural networks, past date does not take into consideration. The AI process only considers real-time data.
These recent events have raised the issue of government regulation for the cryptocurrency market in Washington DC. Some U.S cryptocurrency investors have bemoaned that the US government's slow regulation has decreased the market certainty and development. As uncertainty regarding where the US government will fall on regulation keeps many larger investors at bay until they get the green light from Washington DC.
The SEC has started taking some action to regulate digital assets. The SEC has just fined its first cryptocurrency hedge fund on September 11th. The settlement is about false advertising of Crypto Asset Management LP. The founder, Mr.Enneking agreed to pay $200,000 to settle the probe. The second case, TokenLot, a website that connects investors and cryptocurrency, failed to register as a brokerage firm. TokenLot paid more than $560,000 in penalties and founders agreed to be barred from brokerage industry for three years at least.
Currently the crypto market is only watched by fellow investors and the SEC.
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Written by Yan Zimo & Edited by Alexander Fleiss
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