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Tron (TRX), Ripple (XRP), BTC, and others make it to Yahoo! finance

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As everybody knows digital money is now receiving a lot of attention in the financial world, and this is something that definitely has a repercussion on trading markets and such. So far the only way to see the behavior of certain digital asset, let say Ripple or Tron, is through websites that dedicate to track the market cap of the largest coins in the market such as coinmarketcap or coindesk.

However, when it comes to mixing this with the regular financial spectrum the options are not that big, and this is exactly what Yahoo! has decided to tackle with the integration of digital currencies lists and conventional stocks via its most recent initiative.

Yahoo! Finance is the name of the project that the famous company has created in order to set a standard in the arrangement of different forms of money that exist and coexist in the financial landscape. Let’s see the main details of the Yahoo! Finance crypto listing project.

Yahoo! Finance announcement

The most recent move of the Yahoo! organization was announced parallel to the news related to the integration of the blockchain in cross-border remittance transactions announced yesterday morning by the CEO and founder of Alibaba, Jack Ma. Like this, right after the newest milestone of the sector, Alexis Christoforous and Jared Blikre, members of the Yahoo! organization broke the silence and talked about the project and its main goals.

It was known that the Yahoo’s project will serve as a platform to provide information related to budgetary news, stock analysis, information, reports, and others crucial aspects of the financial industry. As it was specified above, Yahoo! Finance will integrate both conventional assets and digital currencies, which to the moment is the selected group of coins that include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Stellar Lumens (XLM), Bitcoin Cash (BTH), and Tron (TRX).

The list certainly looks large compared to similar platforms of the market, and as it seems, Yahoo! Finance is looking forward to integrating even more coins in the coming days. For its part, during last week the Federal Reserve Economic Data (FRED) integrated  4 different cryptocurrencies into its database, an action that undoubtedly sets a positive momentum for the crypto world.

Let’s recall that the FRED is a database that is supported by the Reserve Bank of Saint Louis, specifically, by the Research division of the organization. The institution counts with at least 500,000 economic series related to 81 different sources which implicate this is factually a huge endorsement in the cryptosphere, as the platform serves as one of the most reputed networks when it comes to treating financial indicators.

The FRED data can be visualized both in graphics or text, and at the same time all of the information contained on the platform can be downloaded in different formats and shared with mobile devices and applications.

In this sense, it still remains to know what the gadgets of the Yahoo! Finance are going to be, but for the moment, there’s the only thing to say to them. Way to go Yahoo!

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pxhere.com

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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