Big news is coming from Yahoo Finance which is one of the most popular financial portals out there. As of today, the giant has officially integrated trading with Bitcoin (BTC), Ethereum (ETH) as well as Litecoin (LCH) on its platform.
Even though statistics have been available for other digital currencies such as Bitcoin Cash, Ethereum Classic or EOS, they don’t have buy/sell options on the platform. However, the development has led many people in the crypto community to say that this is an important step forward for the crypto adoption.
The crypto enthusiast and founder of Morgan Creek Digital, Anthony Pompliano, recently tweeted:
You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance.
THE VIRUS IS SPREADING 🚀
— Pomp 🌪 (@APompliano) August 29, 2018
In March 2018, the Japanese arm of Yahoo Finance also announced that it will open a cryptocurrency exchange and scheduled it for “April 2019 or later.” Yahoo Japan was also going to buy 40% of the BitARG Exchange Tokyo in April, laying the foundations for the exchange to launch a year later.
Meanwhile, Bitcoin has dropped and fell below the $7,000 margin, failing to break through the threshold today. Currently, analysts are predicting a $6,500 support level.
Ethereum, on the other hand, is trading around $276 right now and is down a couple of percents over the past 24 hours. This made the altcoin sink after recording its first major upswing in price performance.
Justin Sun Proves Crypto Is Not A Scam By Hiring A Former SEC Official
“We’re ready to fully embrace regulation here. We’ve just hired our first head of compliance, who previously worked for the SEC for almost eight years.”TRON’s founder wants to make sure that TRON is fully regulated in the United States but also Korea and Japan. He made a point that Blockchain is a like a new operating system and that the worlds need to embrace it and be more optimistic towards regulation. He continued saying:
‘’The SEC, I think also sees the blockchain as good opportunity for innovation in the United States. I’m hoping that this year the SEC will license and regulate coin-based exchanges. This year will be the year of full regulation.’’One of the ways that Sun can make blockchain mainstream is by launching the BitTorrent Token on the Binance Launchapd. BitTorrent is a file sharing protocol that serves 100 million users in more than 130 countries. Sun acquired BitTorrent for $126 million last year. However, former chief strategy officer Simon Morris of BitTorrent said that there is no possible way for the TRON blockchain to be able to handle the transactions conducted on BitTorrent’s network but at the end, he ended up being dismissed as an incompetent employee.
UN Thinks Bitcoin & Crypto Are “The New Frontiers” In Finance, Focusing On Ripple And IOTa
“Cryptocurrencies represent a new frontier in digital finance and their popularity is growing. The decentralized networks for cryptocurrencies, bitcoin being a well-known example, can keep track of digital transactions. They enable value to be exchanged and can give rise to new business models which would otherwise require significant regulatory and institutional commitments." the report states.According to the UN, blockchain and crypto have many use cases. As it is explained in the document:
"For example, a value token called ClimateCoin is being considered as a basis for creating a global market for carbon emissions, allowing peer-to-peer exchange of carbon credits and a direct connection with the Internet of Things. It would then be possible for devices to calculate their own carbon emissions and purchase carbon credits to offset those emissions."The document also focuses on innovation and how it comes from inherent trust, citing that "the innovativeness of this system lies in the way in which the various parts combine to create the trust and guarantees that the traditional financial system derives from institutions and regulation."
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