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Forbes Media, in partnership with NewCity Digital, NewCity Capital and trade.io, have launched a new data-driven portal that offers comprehensive tracking of cryptocurrencies.
The portal Forbes CryptoMarkets has been launched in beta. It will offer real-time pricing and volume information on several cryptocurrencies; insights and information on worldwide cryptocurrency exchanges; cryptocurrency indices; and a real-time newsfeed aggregating content from leading news organizations and companies, including content from Forbes’ family of sites worldwide.
According to the press release dated October 22, the service will be publishing crypto indices which will include Forbes CryptoMarkets Top 30 Global “FB30,” Top 10 Global "FB10,” Top Cryptocurrencies Global, Top 10 Blockchain and DApps Global, as well as indices by sector, industry, and cryptocurrency use-case. The initial indices will be published as an informational tool to illustrate market trends.
“Forbes provides the most-comprehensive coverage of the cryptocurrency and blockchain marketplaces of any major media business brand in the world,” said Mike Federle, CEO of Forbes Media. “Forbes CryptoMarkets, a new licensed business, represents a natural extension of our powerful brand into a new venture that promises to deliver immense value to investors, traders and market watchers.”
The team plans to offer Forbes CryptoMarkets in seven languages, including: English, Chinese, Russian, Korean, Japanese, French and Vietnamese. NewCity Digital is licensing the “Forbes” brand for the new venture. NewCity Capital, Forbes and trade.io are shareholders in NewCity Digital.
The announcement follows Forbes’ recent partnership with blockchain journalism startup Civil. With this partnership, Forbes aims to explore how publishing content on the blockchain can increase trust with audiences as well as explore new ways of enhancing audience engagement and generating additional revenue streams.
In addition, one of the project partners, Swiss exchange Trade.io, recently suffered a major hack as 50 million TIO tokens (approximately $7.5 million) were reportedly stolen from its cold storage. In a blog post dated October 21, Trade.io said:
“While the investigation is ongoing, based on Etherscan records, we can confirm that the 50M TIO allocated for the Liquidity Pool being held in cold storage has been withdrawn, and an estimated 1.3M of that had been transferred to both Bancor & Kucoin respectively. Both exchanges are assisting trade.io in our investigation.”
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