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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

Blogs

Stablecoins Rivalry: Which New Coin will Replace Tether (USDT)?

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After the recent Tether (USDT) incident, a lot of investors started paying more attention to stablecoins. However, they were quite popular long before USDT started losing its value, and a lot of new ones were in development for a while now. These days, the stablecoin invasion is in its full swing, with around 57 coins being around — either already in circulation, or about to enter.

While most crypto investors already know this, we should explain that stablecoins are cryptocurrencies that are backed by another asset. This other asset is often a fiat currency, such as the USD. This is done so that their price would always be the same. with each coin being backed by the same amount, which is usually $1. That way, the coin is able to escape volatility, and ensure stability, hence the name.

While there were numerous stablecoins in circulation already, the one that made them known and popular was Tether (USDT). This is a coin issued by the Tether company, which claims that it can back each coin in circulation with 1 USD. However, since the company failed to provide proof that it actually has enough money to do so, the coin lost its credibility, and investors started dumping it.

This has left an empty spot in the space, and numerous stablecoins rushed in to fill the gap left by Tether. Today, we will review some of these coins.

1. Tiberius Coin…

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5 Reasons Why BAT is A Good Investment

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In their search for the next great investment opportunity, people often tend to run into Basic Attention Token (BAT). A lot of investors have developed a significant interest in the coin, and are wondering if things are truly as good as they seem.

With so many scams and fake coins out there, as well as bad investments that seem good at first, it is a good idea to be skeptical. However, in the case of BAT, many agree that the coin is an excellent investment that should not be missed or overlooked. So, today, we will discuss why this is, and why you should add BAT to your investment portfolio.

1. The project’s goal

BAT has a goal to solve a problem that all of us are already very familiar with, and that is the issue of online ads. For a lot of people, ads are annoying, often irrelevant, and they tend to pop up in all the wrong moments. No to mention that they are intrusive, advertisers steal or buy your private data in order to process it and target you with more appropriate ads, and more.

Most people choose to deal with this by installing ad block extensions. However, what if there is a better way to go around it?

This is where BAT comes in. The project uses its technology to solve this problem by blocking ads unless users decide to interact with them by…

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How and when Electroneum (ETN) mass adoption will catch fire

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Before we talk about how Electroneum is thriving towards mass adoption, let’s take on some basics. What is the meaning of “mass adoption” and what cryptocurrencies could really achieve it? The answer to these two questions will ultimately determine the destiny of the cryptoverse.

Sooner or later some tokens will become useful (and used by) a lot of people in the real world. That will create demand for those tokens and that demand will bring its value up. It will be the point at which the crypto market becomes mature, one that answers to real economic forces (such as supply and demand) instead of being a toy for speculators as it still is today.

So let’s start at the beginning. Mass adoption means that, given any kind of technology, product or commodity, at least seven out of ten people know what it and what they can do with it. This definition doesn’t take into account if they actually use it, only if they know about it. Think about Facebook, for instance. Not everybody you know has an active account there.

But chances are almost everybody you know understands what it is and that they could start using it anytime they wanted (if they’re not using it already) at a rate higher than 70%. Maybe a more explicit example is coffee. The percentage of coffee drinkers in the US is about 83% which is enough to ensure it’s mass-adopted. And everybody…

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