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Can Verge (XVG) Regain Its Previous Glory with Continued Adoption?

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As Bitcoin struggles to rise above $7000 mark, the entire crypto market seems to be staggering and several altcoins are having a hard time to stay in the green zone for long. Teams behind influencing altcoins are actively working on improvements, listings, integration plans and of course, adoption. Such a crypto project which has a team that never rests is Verge (XVG).

After the 51% attack that weakened its position as a promising and secure privacy coin, Verge is desperately looking to redeem itself. At present Verge and other notable cryptocurrencies are going through the toughest bearish markets. Crypto enthusiasts believe that a new and better time for cryptos might just be around the corner. Verge has hinted towards a few new partnerships as well as integration to its platform which seems to have working well for its markets for a while. Its evident that the scrypt-based privacy coin is working hard to establish the trust factor once again.

Potential of Verge Coin

Verge has a dedicated community and it is that community which helps avoid Verge markets to plummet. Many of Verge supporters are constantly spreading the positive news (not FUD) across the crypto media. All of this because many cryptocurrency enthusiasts believe in Verge’s potential. Verge’s blockchain is said to be really fast and it’s quite scalable as compared to Bitcoin. Cost of transactions is also negligible when it comes to Verge cryptocurrency. It’s a cryptocurrency that was made for everyday use hence, their team strives for large adoptions and sufficient partnerships with projects sharing the same ideology. The main purpose for Verge team is to make it an improved version of bitcoin with better features such as speed, efficiency and making a decentralized transaction without hampering user’s privacy.

Australian Brand Bamb-U Gets in a Partnership with Verge (XVG)

People who have been keeping a close eye on Verge’s last week activities must know that they’ve been working out on several important goals which also includes major exchange listings as well. The news of an Australian brand called Bamb-U which deals in unique wooden watches accepting Verge as a mode of payment has proved that XVG adoption is spreading at its own healthy pace. The company Bamb-U is the leading brand of bamboo and watches in Australia. The company has not only announced to accept XVG but also chose its another crypto partner TokenPay to facilitate its user’s privacy and security.

Verge’s Recent Exchange Listings

After the recent hacking attempt which is being addressed as the 51% attack, Verge’s activities and its community are keeping it alive. Verge and its community members have announced a lot many exchange listings these few days on twitter. A newly opened Dutch crypto exchange which is about to become functional soon has listed Verge. The privacy coin’s trading also got re-enabled on Changelly claiming that trading conditions have now stabilized and functioning normally. Probably the best thing for Verge is to reach more markets than it already has as an attempt to expand its reach. For that reason, Verge coin got listed on a Brazilian cryptocurrency exchange called coin2001. By getting listed on this particular exchange, Verge has successfully entered the Latin American markets.

Verge’s Current market position

As crypto markets all over the world show red signs of bearish trends, altcoins are not expected to be in a better shape than Bitcoin. At the time of writing, Verge is ranked as the 34th largest crypto I the world according to CoinMarketCap data. The total market capital for Verge is close to $430 million while its exchange volume for the past 24 hours has reduced to $10.38 million. The individual price for Verge has reached close to $0.286 but its falling at a rate of 1.36%. Verge is listed on some of the biggest crypto exchanges such as Cryptopia, HitBTC, Upbit, Yobit and Nova Exchange from where traders can buy XVG with their ETH or BTC.

Conclusion

As far as these constant developments go, Verge is showing a lot of potential for a privacy-focused blockchain project that has been hacked twice in a short span. Crypto enthusiasts and Verge community members are peeling their eyes waiting for another milestone achievement which seems to be upcoming after their negotiations with RSK smart is complete.

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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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Blogs

Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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