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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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