Connect with us


Verge (XVG) Unexpectedly Surges by 11% After Code Malfunction




Verge (XVG) is a well-known privacy coin that was believed to have a lot of potentials until it was discovered that its mining code contains a vulnerability that allows several types of attacks. After this discovery was made, the project was attacked multiple time, suffering at least three time-warp attacks, and even one 51% attack in 2018.

After the crypto community realized what has happened to it, the coin started losing support, as well as users. So much so, in fact, that its price dropped to barely a fraction of a cent throughout 2018, after it reached its all-time high of $0.27 in December 2017.

With that in mind, it is clear why a recent 11% surge surprised the crypto community, even after the project’s developers announced that they are considering a transition to PoS (Proof-of-Stake).

According to TradingView, the coin’s price at the time of writing is at $0.00626768, although this is once again closer to its regular levels. On March 3rd, however, the coin’s price surged to around $0.00705712.

It is unclear what caused the surge, or why the coin has dropped back down after the jump, particularly due to the fact that this was the largest change in the coin’s price since the bull run that ended on February 24th. Even then, XVG did not manage to approach this value.

The recent string of bad news regarding Verge only adds to the mystery, and even on the VergeCurrency subreddit, the coin’s community is questioning the event.

One theory is that the surge was caused by a March 1st tweet shared by Verge’s lead developer and founder, Sunerok. In a recent tweet, he supposedly accidentally shared a sign-up process that was supposed to be revealed yesterday, March 4th. The tweet was deleted afterward, with Sunerok explaining his error.

Verge suffered more than most in 2018

While 2018 was not a friendly year to cryptocurrencies, the fact is that not every coin suffered equally as much. Verge experienced both, good and bad in 2018, although its reputation may have been destroyed after the bad.

On the positive note, the project managed to partner with MindGeek, which is an adult entertainment company that owns Pornhub. However, many in the crypto community were questioning whether or not it is a good idea to associate Verge with this type of content.

However, such issues quickly became irrelevant after Verge started suffering time warp and 51% attacks, which also caused it to make numerous headlines. The project lost a huge amount of coins during the attacks, which eventually caused it to sink on the list of largest coins.

The issues also caused Pornhub to turn to TRON and Horizen, making Verge less exclusive as it previously was. For now, Verge seems to be returning to its former levels, price-wise. However, the project may soon shift towards PoS, if its developers choose to go through with their recent announcement.

For the latest cryptocurrency news, join our Telegram!

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 staceyjoy via Flickr


XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange



Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited ( ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub ( ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more. One of the ways to have a successful trading…

Continue Reading


Should Crypto Projects Devote Resources to Community Growth and Marketing?



2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

Continue Reading


XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata



Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub ( will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

Continue Reading

Press Release