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Yahoo! Now Supports Crypto Trading

Published

6 years ago

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crypto trading

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

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Altcoins

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

Published

3 years ago

on

January 25, 2021

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

Published

3 years ago

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December 31, 2020

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

Published

3 years ago

on

December 24, 2020

By

Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has…

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