Wednesday, 27 June 2018

Yahoo! Lists Bitcoin, Litecoin, Ripple and Other Cryptocurrencies on its Report

Cryptocurrency assets are becoming more mainstream than never before. A new Yahoo! report includes a list of ‘select financial stocks,’ traditional stocks and cryptocurrency trading pairs. This is a way to normalize the trend of digital currencies in the market and in the financial world.

Cryptocurrencies Become Mainstream

The last week, four virtual currencies were added to the Federal Reserve Economic Data (FRED) database. This is one of the most respected resources for financial indicators and it is widely cited by mainstream outlets. Yahoo Logo
Other companies like Weiss Ratings, one of the most important rating agencies in the world, has decided to list cryptocurrencies and rate them. They take into account different features including technology, adoption and future prospects.
At the same time, the Chinese government decided to rank the top 30 coins analysing technology, application and innovation. In the latest publication, for example, EOS was the best ranked virtual currency. In the first publication, the government ranked Ethereum in the first place with a total score of 129.4 points. In the second position ranked Steem with 115.9 points and in the third position came Lisk with 104.8 points.
Bitcoin, instead, was ranked 13th with Verge cryptocurrency and a total score for both of 88.1 points. Other virtual currencies analysed were NEO, ETC, XRP, ARK and more.
Among the currencies listed in the Yahoo! report, we find Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), EOS, Litecoin (LTC), Tron (TRX), and many more. All of them have been paired to the US dollar to have a reference price.
According to Alexa, Yahoo! is the sixth largest website in the world and the eight largest in the United States. Some reports show that, as of July 2015, Yahoo! had over 151.2 million monthly unique visitors from the United States.
In the future, the cryptocurrency world is expected to keep growing. There are several financial institutions that are already offering crypto and blockchain-related services. In the next months, we will see an increase interest for virtual currencies fueled by better regulations in the market.
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