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Here Is How The Litecoin (LTC) and TokenPay Partnership Will Be Key In A $0.20 Verge (XVG)

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The Verge (XVG) cryptocurrency and project have been bombarded with FUD due to the 3 hacks its blockchain platform experienced this year. As a matter of fact, XVG has more or less nosedived since April with is decline being accelerated by the current crypto bear market. XVG is currently valued at $0.021 at the moment of writing this. The current value is actually 14 times less than its peak value back in December of $0.29. This is a percentage decline of 93% in 6 months.

But the days of decline for Verge (XVG) might be a thing of the past with the recent announcement of the Litecoin (LTC) Foundation acquiring a 9.9% stake in Germany’s WEB Bank. This 9.9% stake is the same one TokenPay had acquired a while back and now it is in the hands of the Litecoin Foundation as part of a new partnership between the two blockchain projects.

TokenPay will benefit from Litecoin’s world-class technology and marketing expertise as well as the following blockchain initiatives:

  • TPAY Cryptocurrency
  • eFin Decentralized Exchange (DEX)
  • TokenSuisse Asset Management
  • WEG Bank FinTech Platform
  • Multisignature Transaction Engine

Verge (XVG) and TokenPay (TPAY) are known to have the closest partnership in the crypto verse. Therefore, this new development with the Litecoin Foundation will also benefit the Verge Project. The XVG coin and project will receive the much-needed boost through the coming merchant services and debit cards that will be provided through WEB Bank, the Litecoin Foundation, and TokenPay.

There is also the aspect of TokenPay’s decentralized exchange of eFin that will support both XVG and LTC base pairs further accelerating the adoption of both assets in crypto exchanges. This means more visibility and demand for XVG that could lead to the $0.20 value in December 2018.

In summary, the partnership between the Litecoin Foundation and TokenPay that has been boosted by the acquisition of WEB Bank by the Litecoin Foundation further brings Verge (XVG) into the picture. This means that now Litecoin, TokenPay, and Verge are tied at the hip as one big crypto family. A family that will lend a helping hand to each other for mutual success in the crypto and blockchain industries. Right now, Verge (XVG) needs this partnership to regain its past glory in the crypto-markets.

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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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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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