American business magazine Forbes launched the beta version of its cryptocurrency data website on Wednesday, looking to give investors an in-depth look into markets, tokens, and blockchain projects.
Forbes CryptoMarkets says it will attempt to bring “real-time pricing and volume information on several thousand cryptocurrencies and an initial five cryptocurrency indices worldwide,” right now just in English, but adding Chinese, Japanese, French, Vietnamese, Russian and Korean language options in the future.
The crypto portal will also offer a live feed of related news from a number of media outlets alongside its own editorial submissions from Forbes’ contributors. Additional deep-dives into coins, exchanges, trading volumes and other aspects of the market will also be offered.
CEO of Forbes Media, Mike Federle, said that the CryptoMarket ”represents a natural extension of our powerful brand into a new venture that promises to deliver immense value to investors, traders and market watchers.”
As a well established and internationally respected news outlet, Forbes’ commitment to the cryptocurrency industry through this project is sure to benefit its perceived legitimacy among readers.
Behind the website
According to Forbes, its new crypto feature comes as the result of a collaboration with investment firm NewCity Capital and Swiss blockchain company Trade.io.
The latter hit the headlines Sunday after a platform hack resulted in the loss of 50 million native TIO tokens, valued at USD11 million at the time of the incident. A blog entry posted Tuesday reads that the security breach was ”effectively contained,”with Trade.io forking the token Wednesday night, replacing it with TIOx.
Whether the security breach will severely damage the reputation of the company in the long term, or to what effect this will have on Forbes CryptoMarket, is yet to be seen.
While the original token was listed on multiple exchange sites, TIOx will be exclusive to the trade.io exchange.
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