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You are here: Home / Archives for Yahoo

Yahoo

Yahoo! Japan enters the world of NFTs with its partnership with Line

July 28, 2021 by Sahana Kiran

Yahoo! Japan is the latest platform to embrace non-fungible tokens [NFT]. The platform’s collaboration with messaging firm Line will reportedly lead to a trading initiative that focuses on NFT trading.

2021 proved to be an excellent year for the crypto-verse. With the price and popularity of cryptocurrencies increasing without any barricade, all eyes were on the market. Soon NFTs made a debut, and the focus traversed to this. NFTs garnered all the attention and found a stronghold below the crypto spotlight. People across several industries began trying out their hands in the NFT space. Yahoo! Japan was the latest firm to do so.

In a recent announcement, the platform revealed that it joined hands with Line to explore the NFT space.

Yahoo! Japan is the latest platform to dive into the NFT space

In the announcement, the platform noted that it would roll out secondary trading for NFTs that would be issued on Line’s blockchain. These NFTs would then be auctioned on Yahoo! Auctions. This NFT trading service is expected to go live by the end of 2021.

The announcement further read,

“We will work with other partners to revitalize the distribution of valuable content and contribute to the expansion of the secondary distribution market in the NFT industry.”

Both the parties involved would use Yahoo! Auctions along with Line’s Bitmax wallet. Users would then be able to trade their NFTs through Line’s Bitmax wallet on Yahoo! Auctions.

Yahoo! Auctions was rolled out as a competition to eBay. eBay had recently expressed its interest in the NFT space. The CEO of eBay, Jamie Iannone, spoke to CNBC about the same and said,

“One of the great things about eBay is when there’s a new trend, it just shows up on eBay. That’s what we’re seeing in areas like NFT, which we’re looking at how can we explore that better.”

Filed Under: News, Altcoin News, World Tagged With: Japan, NFT, Yahoo

CoinMarketCap and Yahoo Finance join hands to boost cryptocurrency adoption

November 23, 2019 by Ketaki Dixit

The integration of the cryptocurrency market with its mainstream counterpart has been a significant focus of many digital asset proponents. Twenty nineteen has seen multiple partnerships between cryptocurrency companies and mainstream organizations that usually deal with fiat, with CoinMarketCap standing out the latest example.

A new release by the cryptocurrency data aggregator revealed that CMC has partnered with Yahoo Finance to help the latter’s cryptocurrency market data section. CMC’s blog said:

“CoinMarketCap and  Yahoo Finance have confirmed a strategic partnership for cryptocurrency data and content! Specifically we are providing the cryptocurrency pricing, indices and educational information to power the cryptocurrency markets on Yahoo Finance.”

The latest partnership comes right after CMC launched its latest liquidity-based metrics to combat the issue of fake trading volumes. The aggregator had considered metric changes earlier, too, when reports had come in that more than 90 percent of all reported volume on cryptocurrency exchanges were fake. Yahoo, on the other hand, has been quite active in the sphere, reporting crypto news at a rate that may soon match up to other departments.

The partnership does not just entail the cryptocurrency market data, but it also contains the CMC indices, Crypto2000, and the Crypto200 EX. The former includes Bitcoin, while the latter deals with everything excluding Bitcoin. Post the latest announcement; users will be able to see CMC’s newsletter and blog content on the Yahoo Finance news stream as well as on the main screener pages.

CMC has assured users that the new features will not be the end of the road for the partnership as the companies have plans to develop educational video features and content shortly. Joanna Lambert, a Yahoo employee, commented:

“As cryptocurrencies continue to gain attention, it’s essential that we expand our crypto news and data for millions of Yahoo Finance users across the globe. By partnering with CoinMarketCap, we can provide timely and reliable crypto information to meet our audience demand”

One of the main aims of this partnership is to expose Bitcoin and other cryptocurrencies to the general populous, the majority of which think of it as a risky speculative asset. Although Google is ahead in the race for search parameters, Yahoo still boasts a monthly traffic count of 3.5 billion, a large chunk of which can be educated about legitimate cryptocurrency trading.

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

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Filed Under: News Tagged With: Crypto Adoption, Yahoo

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