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Is Verge (XVG) Getting More New Partnerships On Board?

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After Verge started their first crowdfunding campaign, everyone was waiting impatiently for the revealing of the mystery partnership announced back at the end of March. However, after the announcement that Verge partnered up with Pornhub, XVG immediately started to drop. On April 17th when the partnership with Pornhub was announced, XVG lost over 30% of its market price as it seems that many of “small” investors were not happy with this outcome. However, Verge is still working on acquiring new partnerships, which could be more benevolently accepted than the story between Verge and Pornhub. So, let’s see which partners are waiting to seal the deal with XVG.

Verge and MoreFun

XVGWhale, a Twitter supporter for Verge tweeted a couple of days ago that MoreFun decided to drop the idea about ICO, which means that MoreFun will instead use integrated XVG wallet for onsite payments.

The thing about the mentioned tweet is that the news about a new partnership with MoreFun didn’t come from an official source, but from one of the supporters of Verge and XVG currency, so we can’t consider it to be more than an indication at this moment. The Verge team seems to be quiet, not only about this matter but rather embracing complete silence since Tuesday, April 17th, when the partnership with Pornhub was announced.

This is not a strange case at all as the XVG team probably needs to take some time in order to decide what the next step for XVG would be. Moreover on this case, since the lead developer was unavailable for giving statements at the given moment, one of the representatives from MoreFun stated that they have a new partnership inline. However, they didn’t say whether the mentioned partnership would be sealed with Verge.

On the other hand, XVGWhale has been an XVG supporter for quite some time, so we can probably take their word when they decided to tweet about Verge getting into a partnership with MoreFun, also stating that MoreFun will be using an integrated XVG wallet that will be used for in-game payments.

The time will show whether the indication from the side of XVGWhale stands as a real deal. However, until Verge or MoreFun representatives decide to officially announce this news, we can only guess.

Verge and MindGeek

The most recent announcement that Verge is getting into a partnership with Pornhub, which resulted in an immediate drop of around 30% down in the market, was probably slightly misinterpreted by the press and the public likewise.

Although Verge is getting accepted as a payment method on Pornhub, one of the most popular and biggest adult entertainment websites, XVG didn’t partner up directly with Pornhub.

Verge team partnered up with MindGeek, which is actually an IT and marketing company that owns all major adult entertainment sites and it is said to have over 500.000 dollars in revenue on daily basis, which is needless to say an extraordinary achievement.

What MindGeek is planning to do for XVG is to make it more exposed to the eyes of the public which means that the reason we have Verge as a payment method on Pornhub is because MindGeek decided that it would be a great strategic move for XVG’s exposure to remind millions of people that are visiting Pornhub every day that they can use Verge for safe and secure payments.

Verge and Token Pay

It was originally thought that the mystery partnership that was to be announced as planned on April 17th was actually going to happen with TokenPay. Verge community has been for some time now implicating that TokenPay is going to pair up with XVG in order to bring crypto debit cards that would integrate XVG into the electronic wallet. The active community on Reddit claims that this partnership is going to happen very soon.

They might not be far from the truth as the two representatives from both team, team Token Pay and team Verge are having close collaborations followed with great publicity. Together, they are working on different meetups, workshops, and blockchain oriented meetings, so implicating that TokenPay might soon officially partner up with Verge couldn’t be that far from reality.

How is Verge doing at the Current Moment?

Unfortunately, Verge has gone down with the latest change in the market, embracing a minor wave of drops while it is being traded in the red as of the recent events.

Up till this point, Verge was doing pretty well while recovering from the market crash that went on for days, however, it seems that their appearance on Pornhub as a part of their partnership with MindGeek didn’t suit all their holders and investors likewise. That is how this currency went down in the market for 30% just in the middle of its rebound.

The reason for that case is said to be the above-mentioned partnership as the drop occurred immediately after the news was released on Tuesday, on April 17th.

At the current moment, Verge is trading in the red after the most recent drop of -2.68% against the dollar, while also dropping against BTC for 2.49%.

After the most recent drop, one XVG unit can be bought at the price of 0.068$ per one unit, which is still far from its record price of 0.23$ as recorded back in December of 2017.

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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.

Image courtesy of Matt Robinson via Flickr

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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