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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

Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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