We have uploaded three new research reports to CoinDr last month, including two beta version reports which meet the community for the first time. In the new 101 Factors Report, we have performed research on the Factor #003 in WorldQuant’s 101 Factors. The findings are interesting. Although the group with highest factor scores underperformed, the long-short historical portfolio still made about 12% in cumulative returns. With almost zero beta (meaning no correlation with general crypto market), the strategy has made positive return in the last three years. Is there still value in this factor when applied to the cryptos market? Maybe. But the results might be volatile. We will follow up on this factor if the answer becomes more clear.
Unexpectedly, Covid-19 has become another obstacle for BANCA project. The new pandemic breakout in Shanghai has caused local government to lockdown all neighborhoods in the city, which has brought difficulty for company operation. We have mentioned in last December that BANCA, being located in Shanghai, is badly influenced by tough regulation of cryptos in China. The regulation has made it hard for us to advance the project. Under such circumstance, another hit from Covid-19 has again troubled our operations.
At the same time, BANCA team is burdened with more and more maintenance work on existing applications. For example, in the past month, we have to put much efforts in some server-side issues on BANCA main portal as well as CoinAI. Such problems come out from time to time and the only thing we can do is to monitor and fix where needed.
- Online testing of CoinDr beta version continues.
- Server-side issue of BANCA website and CoinAI has been fixed.
The BANCA platform serves the global cryptocurrency community. BANCA’s dynamic eco-chain uses AI and expert system that includes automatic management. The BANCA platform analyzes Big Data and delivers precise services tailored to the specific needs of our individual users.