A recent news release reveals the launch of Forbes CryptoMarkets, a data portal that will track cryptocurrency prices. The venture is a joint effort among NewCity Digital Limited, NewCity Capital, Trade.io and Forbes Media.
The new resource launched in beta form on October 22. The resource will feature real-time pricing and volume information of a majority of cryptocurrencies in circulation and feature the initial five cryptocurrency indices worldwide.
In addition to tracking the performance of the digital assets, the site will provide critical information regarding the global cryptocurrency market. The information will include insights on trading pairs, pricing and volume.
Forbes CryptoMarkets similar to CoinMarketCap
Similar to the present day CoinMarketCap, the site will provide real-time newsfeed aggregating content from top news sources. This will also include indices tracking the performance of curated baskets of cryptocurrencies.
Some of the indices will include the 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.
Additionally, since the site will obtain license to use Forbes brand name, it will include content from Forbes.com.
Chen Lee, Chairman of NewCity Capital will also double as Chairman for Forbes CryptoMarkets. Commenting on the developments, he said:
“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.”
Trade.io, one of the partners in the site, is however still encountering challenges. NewsBTC reports that the exchange and consultancy suffered a hack that made away with $7.5 million in cryptocurrency. The firm confirmed the reports via a blog post on Medium.
“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Etherscan records, we can confirm that the 50M TIO allocated for the Liquidity Pool being held in cold storage has been withdrawn, and an estimated 1.3M of that had been transferred to both Bancor & Kucoin respectively.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,” the post reads in part.