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Yahoo! Now Supports Crypto Trading

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Yahoo has now added the possibility of crypto trading as part of its Finance sector. Currently, the sixth largest website on the internet supports Bitcoin (BTC), Litecoin (LTC), and Ethereum (ETH).

Yahoo adds crypto trading option to Yahoo Finance

The crypto trend continues to persist and even expand, as all the largest companies around the world are slowly turning towards this technology. In fact, cryptocurrencies have just made another large step towards the mainstream usage by winning over Yahoo Finance.

The platform now offers its users the ability to trade Bitcoin, Ethereum, and Litecoin, in addition to offering statistics for several other coins, like Bitcoin Cash, EOS, and Ethereum Classics. Although these coins currently cannot be bought or sold via the platform, many believe that it is only a matter of time before they, and possibly others, are included as well.

The new move was seen by many in the crypto community as a big thing for cryptocurrencies. While cryptos still continue to struggle with achieving adoption, enabling trading on Yahoo! is an enormous step up. Anthony Pompliano, the founder of Morgan Creek Digital, shared the news on his Twitter account, saying that “The virus is spreading”.

Plans for the future

At the moment, Bitcoin’s price is at $7,379.33, with a 1.13% increase in the last 24 hours. As for Ethereum, its price is $283.54 per coin at the time of writing and is actually down by 1.05%. As for Litecoin, the third and last coin that Yahoo Finance currently has a trade option for, its price is $67.85 right now, with a 1.41% rise.

It should also be mentioned that the new development came several months after Yahoo’s Japanese arm officially stated that they plan to open their own crypto exchange. The exchange was scheduled for April of the next year, or possibly even later than that. Additionally, Yahoo Japan was planning to purchase up to 40% of BitARG Exchange Tokyo. These plans were first made public back in April of this year.

Soon after that, a team of executives was dispatched to start preparing the foundations for a soon-to-be exchange. Now, however, it would seem that Yahoo itself is making the first move towards cryptos, and many are speculating that this may be an attempt to win back users that have turned to Google over the years.

Whatever Yahoo’s motivations may be, the fact remains that this is a big thing for all cryptos, as displaying crypto friendliness is more than enough at this point. Whether Yahoo Finance will expand the list of tradeable digital coins or not, still remains to be seen.

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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 Ben Metcalfe via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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