Forbes, a publication that writes to over 120 million people across the world, is launching its own cryptocurrency tracking system known as Forbes CryptoMarkets, according to a press release.
Venturing Into Decentralization
The project went into beta today, and contains “real-time pricing and volume information on several thousand cryptocurrencies and an initial five cryptocurrency indices worldwide.” In addition, the platform provides the following services:
- Insights and information on worldwide exchanges such as listed cryptocurrencies, trading pairs, pricing, and volumes.
- A real-time newsfeed aggregating content from leading news organizations and companies, including content from Forbes’ family of sites worldwide.
- Indices tracking the performance of curated baskets of cryptocurrencies.
- Content from Forbes.com and other sources, including insightful articles and in-depth video interviews with cryptocurrency pioneers, thought leaders and other experts.
Forbes CryptoMarkets is the result of a multi-organization partnership between private investment company NewCity Capital, their branch NewCity Digital Limited, blockchain-based financial institution trade.io and Forbes Media.
The service will be pulling from different indices such as Forbes CryptoMarkets Top 30 Global, Top 10 Global, Top Cryptocurrencies Global, Top 10 Blockchain and DApps Global, and others on a case by case basis. This information is meant to detail market trends.
The chairman of both NewCity Capital and Forbes CryptoMarkets, Chien Lee, comments on the collaboration:
“We are excited to partner with Forbes to create a trusted source for those seeking information on the new digital economy, including Bitcoin, Ethereum, cryptocurrencies, tokens and the companies underlying them. Forbes CryptoMarkets will be the definitive resource for everything crypto and blockchain.”
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An Expert Development Team
Forbes CryptoMarkets’ team is made up of expert data scientists and programmers who will take advantage of “a wide range of quantitative data sources, including cryptocurrency exchanges and blockchain data sources.” The data will be used to present the most in-depth market research possible.
Mike Federle, CEO of Forbes Media, says that his publication “provides the most-comprehensive coverage of the cryptocurrency and blockchain marketplaces of any major media business brand in the world.” According to Federle, Forbes’ extension into cryptocurrency market data is only natural.
“We plan to continue to grow the platform to include all aspects of the industry, such as related investment funds, ICO information and other relevant data,” continues Jim Preissler, CEO of trade.io and now executive director of Forbes CryptoMarkets.
Development of the platform is overseen by David S. Feldman, chief technology officer of Forbes CryptoMarkets. Feldman has experience as an “entrepreneurial CTO” and has led intricate forays into the world fintech and market data. Also, the accomplished CTO has worked as a partner at IBM and as an executive at Accenture Digital.
Eventually, Forbes CryptoMarkets will support seven languages: English, Chinese, Japanese, French, Vietnamese, Russian, and Korean.
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