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Can Verge (XVG) Redeem with RSK Integration?

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Verge has given its best to skyrocket XVG during the past couple of months. Huge momentum was gained by the announced partnership with MindGeek that took XVG to Brazzers and Pornhub, some of the leading websites in the adult entertainment industry. However, after the partnership with MindGeek that was deemed a massive success, coming after the first successful crowdfunding campaign that XVG has ever had, the public wasn’t so thrilled to have XVG related to the mentioned partners.

Alongside with having Pornhub and Verge partnership mildly disapproved off, the thing that trapped XVG in a misfortunate limbo came in form of 51% attacks that hit Verge more than once in the period of the last couple of months.

With being criticized on both these cases, it seems that this privacy currency might have found a way to redeem itself both in the market and among the crypto community with having started the negotiations with RSK.

Was the 75 million in Verge (XVG) worth it?

Verge had the entire XVG community up on their feet back at the end of March when they announced the start of their first crowdfunding campaign while announcing the mystery partnership to go with it, scheduling the revealing of the partnership for April 17th, but only in the case the minimum of 75 million XVG is reached within the given timeframe.

As we all remember, everything went well for XVG as they managed to collect the needed sum before the crowdfunding ended, while also getting to the headlines across the internet, being one of the most-talked-about digital currencies for weeks.

The mystery partner was MindGeek, which brought XVG to Brazzers and Pornhub while also pushing it up in the market for a brief moment.

However, it seems that the public isn’t so happy about XVG/Pornhub deal, which caused the price of XVG to severely drop in oppose to the dollar.

While the market trends weren’t so benevolent either, XVG went down by -70% in the last two months, while showing -50% against the dollar in the course of the last 30 days. Far from its all-time high of around 0.23$, XVG seems to be having a rough time.

But, the tough situation everyone is talking about when it comes to XVG is only visible when it comes to the dropping price as Verge seems to be scoring listings while being added to SistemKoin at the beginning of June, while another company, PharmaXtracts, announced that they will be accepting XVG as a payment method starting from May of the following year.

Yes, Verge seems to be slowing down as it dropped from being among top 25 currencies to now being ranked as the 34th coin on the global coin ranking list.

However, XVG was in a way recognized with their mystery partnership and the dedication their holders and investors showed during the crowdfunding campaign, where TokenPay was marked as one of the top supporters while announcing XVG debit card in creation.

So, after all, it seems that 75 million XVG weren’t thrown for anything, although the Pornhub deal is still observed with a lavish dose of criticism.

Verge/RSK Integration: Is it going to Happen?

The team behind XVG has announced a week ago on June 9th that the team Verge has officially started with negotiations with RSK mart contract solutions, which is said to be the safest option for making and deploying decentralized apps as well as operating with smart contracts.

Verge seems to be trying the well-known recipe for the second time by representing a new partnership on June 8th with an official post that came from the Verge currency Twitter account, tickling the public once again by following the March model when XVG was circling around MindGeek while keeping their intentions a secret.

However, only one day after, XVG announced that they have initiated negotiations with RSK, which means that XVG could soon have RSK integrated into its system.

RSK is said to be the safest option for smart contract operations, which means that XVG could gain more on privacy and security.

Although XVG is presented as a safe currency, it seems to be hard for the investors to forget that Verge had several 51% attacks during the last couple of months, which also puts RSK integration into question.

Although the deal hasn’t become official yet, many believe that RSK will definitely go for cooperating with Verge, given the fact that the main objective of XVG is to become the top privacy currency in the market, while RSK is known to be a platform which is highly oriented to privacy.

No further details were provided on this matter from neither of the parties at this point.

Only a week before this announcement, Verge released their Test Net to the public, so it is generally a thought that XVG will have further updates on the RSK negotiations once we have more about the Test Net impressions.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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SonicX
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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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