Yahoo! Finance welcomes cryptocurrency trading

Yahoo! Finance welcomes cryptocurrency trading

Bitcoin, Ethereum, and Litecoin are now available to buy or sell on Yahoo! Finance

A tweet by Anthony Pompliano confirmed the news, 'You can now buy Bitcoin, Ethereum, and Litecoin on Yahoo Finance.' on Yahoo!

As of writing, Bitcoin is trading at around $6,900, down by ~2.6%, comparing to recent growth. Ethereum is at ~$280, down by ~6%. Litecoin is at $59, down by ~5.7%.

The trading of other coins, such as Bitcoin Cash, Ethereum Classic, EOS, XRP, and others are not yet offered. But graphs, charts, and other coin information can be seen on the website.

It is not the first case. Another branch of the internet conglomerate has already showed interest in utilizing cryptocurrency exchange in its platform. April, 13, Yahoo! Japan Corporation, a major auction site in the country, has relayed its 40% acquisition of BitARG Exchange Tokyo, an FSA approved cryptocurrency exchange. Yahoo! Japan plans to launch an exchange by the middle of next year. According to information, the deal between the two companies is likely to total from two to three billion yen ($18.6—$27.9 million then).

BTC

3,992 USD
-0.49%

ETH

136.65 USD
-0.59%

LTC

60.02 USD
0.30%

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Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored

Bitcoin price traded to a new monthly high at $4,064 and later corrected lower against the US Dollar. The price declined sharply below $3,950, but dips remained supported above $3,900. There is a crucial bullish trend line formed with support at $3,920 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair remains well supported on dips near the $3,920 level and the 100 simple moving average (4-hours). Bitcoin price is still in a strong uptrend despite recent bearish moves against the US Dollar. BTC/USD is likely to find a solid buying interest if it dips towards $3,940 or $3,920. Bitcoin Price Weekly Analysis (BTC) This past week, there was a decent upward move above $4,000 in bitcoin price against the US Dollar. The BTC/USD pair traded in a range above the $3,940 support level and finally broke the $4,000 resistance level. Buyers pushed the price above the $4,020 resistance and a new monthly high was formed at $4,064. However, buyers failed to hold gains above $4,020, resulting in a sharp decline below $4,000. The price dropped heavily and broke the $3,960 and $3,940 support levels. There was even a spike below the $3,900 support and the 100 simple moving average (4-hours). Having said that, buyers defended the $3,900 support and the price bounced back sharply above $3,940. There was a break above the 50% Fib retracement level of the last decline from the $4,064 high to $3,869 low. The recent recovery was solid, but the price faced a strong offer zone near the $4,000 resistance. The 61.8% Fib retracement level of the last decline from the $4,064 high to $3,869 low also acted as a hurdle. At the moment, the price is consolidating below the $4,000 resistance. Besides, there is a short term connecting bearish trend line in place with resistance at $3,990 on the 4-hours chart of the BTC/USD pair. A clear break above the trend line and $4,000 could open the doors for a fresh upward move. On the downside, there are many supports near the $3,940 and $3,920 levels. There is also a crucial bullish trend line forming with support at $3,920 on the same chart. Looking at the chart, BTC price is clearly well supported on the downside near the $3,940 and $3.920 levels. As long as the price is above the $3,900 support and the 100 SMA, there are chances of a steady rise in the coming sessions. Buyers may wait for a clear break above the $4,000 and $4,020 resistance levels to gain control. Technical indicators 4 hours MACD – The MACD for BTC/USD is slightly placed in the bearish zone. 4 hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently well below the 50 level. Major Support Level – $3,900 Major Resistance Level – $4,020 Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored was last modified: March 24th, 2019 by Aayush JindalThe post Bitcoin (BTC) Price Still In Strong Uptrend, Buying Dips Favored appeared first on NewsBTC.
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Ethereum Price Weekly Analysis: Buy ETH With Break Above $138

ETH price declined recently, but it found a strong support above $132 against the US Dollar. The price recovered and it is now facing a solid resistance near the $137-138 zone. There is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair is likely to accelerate higher once there is a proper break above $138 and $140. Ethereum price is aligning for the next move versus the US Dollar and Bitcoin. ETH/USD will most likely climb higher as long as there is no close below the $132-133 support area. Ethereum Price Analysis After forming a stop near the $144 level, there was a steady decline in ETH price against the US Dollar. The ETH/USD pair declined below the $140 support level to move into a bearish zone. Later, it found support near the $135 level, but buyers failed to hold losses. Finally, there was a downside break below the $135 support and the 100 simple moving average (4-hours). The price declined below the $134 support and traded close to the $132 support area. Recently, the price recovered and moved above the $135 level. However, the price seems to be facing a strong resistance near the $137-138 area. At the moment, it is trading near the $135 level and the 100 simple moving average (4-hours). An immediate support is near the 50% Fib retracement level of the last wave from the $132 low to $138 high. More importantly, there is a major breakout pattern formed with resistance at $138 on the 4-hours chart of ETH/USD. The triangle support is near the $134 level, below which the next key support is near the $132 level. It seems like the price is preparing for the next move either above $138 or below $134. On the downside, there are many supports near the $134, $133 and $132 levels. Therefore, there are high chances of an upside break above the $137-138 resistance area. The above chart indicates that ETH price is likely to climb above the $137-138 resistance area. In the mentioned bullish scenario, the price could even break the $140 resistance and revisit the $144 resistance area. The next key resistance is near the $148 level, followed by $150. On the flip side, if buyers fail to push the price above $138, there could be a downside reaction. A break below the $132 support may call for a test of the $130 support. Technical Indicators 4 hours MACD – The MACD for ETH/USD is currently flat, with a few positive signs. 4 hours RSI – The RSI for ETH/USD is currently below the 50 level, with a bearish angle. Major Support Level – $134 Major Resistance Level – $138 Ethereum Price Weekly Analysis: Buy ETH With Break Above $138 was last modified: March 24th, 2019 by Aayush JindalThe post Ethereum Price Weekly Analysis: Buy ETH With Break Above $138 appeared first on NewsBTC.
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Binance looking to roll-out margin-trading service as regulators voice disapproval

Binance, the second largest cryptocurrency exchange by adjusted volume is preparing to launch a margin trading system that will make trading volatile digital assets riskier than it already is, reported TheBlock. Retail customers are a mainstay with the exchange and to further increase their customer count, Binance will allow them to trade on the margin, state sources close to the exchange. This feature will allow investors to trade on borrowed funds and the coin held will be placed as collateral for the issuer, which spikes the risk of the transaction even more. The report does say that there is no margin trading currently on offer and that no confirmation of a future approval was provided by Binance. However, there were rumors circulating that in order to use the margin feature, users would need to hold the exchange’s native token, Binance Coin [BNB]. Binance’s Application Programming Interface [API] showed a margin trading feature, which was discovered by a programmer on Reddit earlier this week. Given this revelation, cryptocurrency proponents believed that an imminent update would include a margin trading feature. The programmer stated: “This change has not been reflected on the documentation. Further analysis of the response revealed that all 482 trading pairs have spot trading enabled and margin trading disabled; which makes sense. However, this API update implies that Binance is considering the implementation of margin trading features.” Changpeng Zhao, the CEO of Binance, eased the concerns of the community, stating on March 22 that the exchange has not yet scheduled the inclusion of margin trading on their platform and that this was part of a “future proof” for their API. He stated: “We future proof our API framework as part of our system upgrades. No dates.” Regulators across the world have consistently warned their investors of chiding margin trading as it greatly increases the risk of investing. Furthermore, a volatile underlying asset like digital currencies inflates the risk even more. A note by the Securities and Exchange Commission [SEC] on the topic stated: “The downside to using margin is that if the stock price decreases, substantial losses can mount quickly.” Cryptocurrency exchanges have been ramping up margin trading options for their investors, given its popularity. Notable exchanges like Kraken, Bitfinex, and BitMEX already have this form of arbitrage on offer. Needless to say, regulatory oversight will increase once an exchange of the size of Binance introduces margin trading. The post Binance looking to roll-out margin-trading service as regulators voice disapproval appeared first on AMBCrypto.
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