Telex AI Creates a Chatbot that Will Assist in Crypto Trading
- Among other things, the Telex bot will be able to answer questions about investment choices and complete transactions.

If you’ve spent even five minutes trying to learn about what cryptocurrency is and how to use it, you may have noticed that the very concept is - well, more than a little esoteric. Up until recently, this wasn’t much of an issue; just over a year ago, Bitcoin was the magic internet money that most people on the outside saw as a talking point on anarcho-capitalist Reddit forums.
Now that cryptocurrency has entered the mainstream, however, there is a need for greater accessibility. Platforms like Shapeshift and the exchange in the Exodus wallet have attempted to make the process of crypto trading more intuitive, but there is still quite a bit of a learning curve to get over when entering the world of crypto.
New users need to learn how to buy crypto with fiat, how to operate in exchanges, how to send and receive crypto transactions… the list goes on and on. Not to mention that a simple mistake, like sending Bitcoin to an Ethereum address, could result in the permanent loss of a lot of money.
Companies hoping to reap the benefits of a more technologically-inclusive platform for trading cryptocurrency are competing to create the most secure and user-friendly trading interface. One of the latest developments on this front has been devised by TeleX AI, who has created a chatbot that will assist users in the processes necessary to trade crypto; CoinTelegraph called the bot “Siri for Crypto”.
In addition to assisting with logistical trading processes, the TeleX AI will be able to provide advice about which coins users should be choosing to put their money into in the first place. According to the TeleX AI website, its AI will be able to respond to commands like “Telex, show me the top gainers," and answer questions like "What are the hottest ICOs?"
The Telex AI bot 'lives' on the Telegram messaging platform, and can be found by searching for its username, 'telexaibot'. An easily understandable guide on how to use the bot can be found at telexai.com.
AI Tradebots Could Bring Big Profits to Individual and Institutional Traders
Although the vast majority of talk surrounding collaborations between Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Read this Term and artificial intelligence entities is just that - talk - at this point in history, crypto investors have been keen to have access to a trading bot that could react in real time to the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term of crypto markets twenty-four hours a day. Some technologically-savvy traders have created their own, or paid someone else to create one for them.
In a piece written for Finance Magnates in March of 2017, Marcie Terman (founding director of XBT Corp Sarl) wrote of the potential benefits that securely, solidly built trading bots could bring to ordinary investors, who often trade reactively. “AI bots...execute trades consistently without emotion at lightning speed directly onto the exchange,” she wrote. They “never lose discipline or waver from their assigned course based on the idiosyncrasies of emotion.”
AI and Crypto Have the Potential to Intersect on Many Levels
Although the worlds of artificial intelligence and cryptocurrency most often find themselves working together when it comes to crypto trading, there have been a variety of cases in which artificial intelligence and crypto have combined forces to perform a range of diverse tasks, including fighting crime.
For example, in September, a team of researchers led by PhD candidate Rebecca Portnoff at the University of California, Berkeley, developed an AI that was capable of linking Bitcoin transactions to suspicious ads on Backpage.
The AI would analyze advertisements placed on the site to search for common linguistic and grammatical structure to see if multiple advertisements could be linked to a single poster (a sign of possible sex trafficking). Then, the AI would analyze Bitcoin transactions to detect connections between the amounts listed on the ads and other factors, including times and amounts. The AI’s process saves law enforcement hundreds of hours of sifting through personal ads to detect suspicious behavior.
Additionally, the up-and-coming IOTA cryptocurrency has marketed its possible use cases as being well-integrated into the Internet of Things and the artificial intelligences that are increasingly becoming a functional part of our daily lives.
Like most innovations in the cryptosphere, many brilliant ideas and possible use cases do not yet exist in tangible form. However, in the world of crypto, everything moves at lightning speed. The Telex AI bot may be the first AI that will be available for large-scale use, but it certainly will not be the last.
If you’ve spent even five minutes trying to learn about what cryptocurrency is and how to use it, you may have noticed that the very concept is - well, more than a little esoteric. Up until recently, this wasn’t much of an issue; just over a year ago, Bitcoin was the magic internet money that most people on the outside saw as a talking point on anarcho-capitalist Reddit forums.
Now that cryptocurrency has entered the mainstream, however, there is a need for greater accessibility. Platforms like Shapeshift and the exchange in the Exodus wallet have attempted to make the process of crypto trading more intuitive, but there is still quite a bit of a learning curve to get over when entering the world of crypto.
New users need to learn how to buy crypto with fiat, how to operate in exchanges, how to send and receive crypto transactions… the list goes on and on. Not to mention that a simple mistake, like sending Bitcoin to an Ethereum address, could result in the permanent loss of a lot of money.
Companies hoping to reap the benefits of a more technologically-inclusive platform for trading cryptocurrency are competing to create the most secure and user-friendly trading interface. One of the latest developments on this front has been devised by TeleX AI, who has created a chatbot that will assist users in the processes necessary to trade crypto; CoinTelegraph called the bot “Siri for Crypto”.
In addition to assisting with logistical trading processes, the TeleX AI will be able to provide advice about which coins users should be choosing to put their money into in the first place. According to the TeleX AI website, its AI will be able to respond to commands like “Telex, show me the top gainers," and answer questions like "What are the hottest ICOs?"
The Telex AI bot 'lives' on the Telegram messaging platform, and can be found by searching for its username, 'telexaibot'. An easily understandable guide on how to use the bot can be found at telexai.com.
AI Tradebots Could Bring Big Profits to Individual and Institutional Traders
Although the vast majority of talk surrounding collaborations between Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the networks which are used to authenticate blockchain technology. Cryptocurrencies can be thought of as systems that accept online payments which are denoted as “tokens.” Tokens are represented as internal ledger entries in blockchain technology while the term crypto is used to depict cryptographic methods and encryption algorithms such as public-private key pairs, various hashing functions, and an elliptical curve. Every cryptocurrency transaction that occurs is logged in a web-based ledger with blockchain technology.These then must be approved by a disparate network of individual nodes (computers that maintain a copy of the ledger). For every new block generated, the block must first be authenticated and confirmed ‘approved’ by each node, which makes forging the transactional history of cryptocurrencies nearly impossible. The World’s First CryptoBitcoin became the first blockchain-based cryptocurrency and to this day is still the most demanded cryptocurrency and the most valued. Bitcoin still contributes the majority of the overall cryptocurrency market volume, though several other cryptos have grown in popularity in recent years.Indeed, out of the wake of Bitcoin, iterations of Bitcoin became prevalent which resulted in a multitude of newly created or cloned cryptocurrencies. Contending cryptocurrencies that emerged after Bitcoin’s success is referred to as ‘altcoins’ and they refer to cryptocurrencies such as Bitcoin, Peercoin, Namecoin, Ethereum, Ripple, Stellar, and Dash. Cryptocurrencies promise a wide range of technological innovations that have yet to be structured into being. Simplified payments between two parties without the need for a middle man is one aspect while leveraging blockchain technology to minimize transaction and processing fees for banks is another. Of course, cryptocurrencies have their disadvantages too. This includes issues of tax evasion, money laundering, and other illicit online activities where anonymity is a dire ingredient in solicitous and fraudulent activities. Read this Term and artificial intelligence entities is just that - talk - at this point in history, crypto investors have been keen to have access to a trading bot that could react in real time to the Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders can be successful in both low and high volatile environments, but the strategies employed are often different depending upon volatility. Why Too Much Volatility is a ProblemIn the FX space, lower volatile currency pairs offer less surprises, and are suited to position traders.High volatile pairs are attractive for many day traders, due to quick and strong movements, offering the potential for higher profits, although the risk associated with such volatile pairs are many. Overall, a look at previous volatility tells us how likely price will fluctuate in the future, although it has nothing to do with direction.All a trader can gather from this is the understanding that the probability of a volatile pair to increase or decrease an X amount in a Y period of time, is more than the probability of a non-volatile pair. Another important factor is, volatility can and does change over time, and there can be periods when even highly volatile instruments show signs of flatness, with price not really making headway in either direction. Too little volatility is just as problematic for markets as too much, we uncertainty in excess can create panic and problems of liquidity. This was evident during Black Swan events or other crisis that have historically roiled currency and equity markets. Read this Term of crypto markets twenty-four hours a day. Some technologically-savvy traders have created their own, or paid someone else to create one for them.
In a piece written for Finance Magnates in March of 2017, Marcie Terman (founding director of XBT Corp Sarl) wrote of the potential benefits that securely, solidly built trading bots could bring to ordinary investors, who often trade reactively. “AI bots...execute trades consistently without emotion at lightning speed directly onto the exchange,” she wrote. They “never lose discipline or waver from their assigned course based on the idiosyncrasies of emotion.”
AI and Crypto Have the Potential to Intersect on Many Levels
Although the worlds of artificial intelligence and cryptocurrency most often find themselves working together when it comes to crypto trading, there have been a variety of cases in which artificial intelligence and crypto have combined forces to perform a range of diverse tasks, including fighting crime.
For example, in September, a team of researchers led by PhD candidate Rebecca Portnoff at the University of California, Berkeley, developed an AI that was capable of linking Bitcoin transactions to suspicious ads on Backpage.
The AI would analyze advertisements placed on the site to search for common linguistic and grammatical structure to see if multiple advertisements could be linked to a single poster (a sign of possible sex trafficking). Then, the AI would analyze Bitcoin transactions to detect connections between the amounts listed on the ads and other factors, including times and amounts. The AI’s process saves law enforcement hundreds of hours of sifting through personal ads to detect suspicious behavior.
Additionally, the up-and-coming IOTA cryptocurrency has marketed its possible use cases as being well-integrated into the Internet of Things and the artificial intelligences that are increasingly becoming a functional part of our daily lives.
Like most innovations in the cryptosphere, many brilliant ideas and possible use cases do not yet exist in tangible form. However, in the world of crypto, everything moves at lightning speed. The Telex AI bot may be the first AI that will be available for large-scale use, but it certainly will not be the last.