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TrafficJunky Accepts Verge (XVG) because of Pornhub

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One of the biggest online advertising networks, TrafficJunky announced that they will, starting Monday, May 7, accept Verge (XVG) as a payment option.

TrafficJunky is a very large advertising network that claims to serve over 4 billion impressions per day. Only a few weeks after Pornhub decided to accept Verge as a payment option, this network announced that they will do the same. This will be yet another large partnership that Verge managed to enter in a very short period of time.

Pornhub’s decision inspired others

Verge did not reveal their partnership with Pornhub until around 75 million XVG tokens were raised in a crowdfunding campaign. The campaign was preceded by the hack of Verge, and succeeded by a rise in a market value. These events happened in a very short period, and as a result, there were many different views on the credibility of Verge. Following the hack, many believed that it was not properly secured, and some even went as far as to call it a scam.

TrafficJunky’s statement, however, disclosed that the advertisers will be capable of funding their own accounts through Verge (XVG). This will allow them to enter TrafficJunky’s network, which is currently serving more than 4 billion impressions on a daily basis.

Product and Operations Manager for TrafficJunky, Rabih Boulmona, stated that it was only a matter of time when the ad firm will follow in Pornhub’s footsteps. He added that TrafficJunky’s team is excited by the fact that they will be able to provide another safe and convenient payment method that their users can benefit from.

Not everyone was thrilled by Verge’s partnerships

There was a lot of skepticism regarding the partnership between Verge and Pornhub. Some believed that there was no need for something like this and that it might actually damage the crypto market.

Despite this, Verge’s value went up almost immediately after the partnership was announced. Even so, Verge still has a tough time when it comes to regaining confidence and proving its safety and credibility. Its price has seen many ups and downs since, and even in the last 24 hours, it managed to drop down again, after a 10% increase that it has seen during the last week.

Verge halving is coming

Verge has announced recently that it will soon go through the block reward halving. According to them, crypto is planning on halving at block 2,124,000.

Some analysts believe that this act will make the quantity of newly-earned XCG reduced to a half of the amount that is currently circulating. Possible consequences of this may include the increase in Verge’s price, with a real possibility that they might skyrocket in the following days.

According to Verge itself, this move is a part of their transparent and very predictable monetary policy.

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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 Thomas Hawk via Flickr

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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