A sentiment corpus for the cryptocurrency financial domain: the CryptoLin corpus

Abstract

AbstractThe objective of this paper is to describe Cryptocurrency Linguo (CryptoLin), a novel corpus containing 2683 cryptocurrency-related news articles covering more than a three-year period. CryptoLin was human-annotated with discrete values representing negative, neutral, and positive news respectively. Eighty-three people participated in the annotation process; each news title was randomly assigned and blindly annotated by three human annotators, one in each different cohort, followed by a consensus mechanism using simple voting. The selection of the annotators was intentionally made using three cohorts with students from a very diverse set of nationalities and educational backgrounds to minimize bias as much as possible. In case one of the annotators was in total disagreement with the other two (e.g., one negative vs two positive or one positive vs two negative), we considered this minority report and defaulted the labeling to neutral. Fleiss’s Kappa, Krippendorff’s Alpha, and Gwet’s AC1 inter-rater reliability coefficients demonstrate CryptoLin’s acceptable quality of inter-annotator agreement. The dataset also includes a text span with the three manual label annotations for further auditing of the annotation mechanism. To further assess the quality of the labeling and the usefulness of CryptoLin dataset, it incorporates four pretrained Sentiment Analysis models: Vader, Textblob, Flair, and FinBERT. Vader and FinBERT demonstrate reasonable performance in the CryptoLin dataset, indicating that the data was not annotated randomly and is therefore useful for further research1. FinBERT (negative) presents the best performance, indicating an advantage of being trained with financial news. Both the CryptoLin dataset and the Jupyter Notebook with the analysis, for reproducibility, are available at the project’s Github. Overall, CryptoLin aims to complement the current knowledge by providing a novel and publicly available Gadi and Ángel Sicilia (Cryptolin dataset and python jupyter notebooks reproducibility codes, 2022) cryptocurrency sentiment corpus and fostering research on the topic of cryptocurrency sentiment analysis and potential applications in behavioral science. This can be useful for businesses and policymakers who want to understand how cryptocurrencies are being used and how they might be regulated. Finally, the rules for selecting and assigning annotators make CryptoLin unique and interesting for new research in annotator selection, assignment, and biases.