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All you need to know about Verge (XVG) is right here

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Verge XVG introduction
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Verge (XVG) created quite a bit of controversy this Spring as Pornhub announced it would take Verge’s XVG cryptocurrency as a payment method. It’s considered to be a major win for Verge. Laugh if you want but when you get the world’s biggest porn platform business you stand to make a lot of money.

Pornhub is only one among many profitable partnerships Verge has acquired recently and the media and users couldn’t be happier. Verge is not just any crypto coin, it really guarantees true anonymity on every transaction, and it’s on its way to the top of the alt-coin world.

That’s just the beginning. But before we analyze how viable Verge could be, let’s see the way it’s performed so far.

Until May 6th, 2018, the Verge’s XVG was market capitalized at $1,133,972,634 from a circulating supply of 14,965,688,072 at a rate of $0.075772 per token. And then, as the whole crypto market shaken, it is no exception either – the coin stands at $0.05618 per token at the time of press May 12, 2018). Its high point was last December 23 when it was at almost $0.25.

Verge is unabashedly directed at hacktivists. They called their white paper a “Black paper” and they emphasized their Tor wallet for OSX, Linux, Android, and Windows. This tech combines Tor and I2p to anonymize every wallet holder’s IP address.

Their Wraith Protocol writes transactions down to the public (and private) ledger. But even public transactions show only random IP addresses.

So what’s this Pornhub ‘thingy’?

Verge controversial past even includes a name change. Its parent is called Dogecoin. Dogecoin was used as the basis to create another currency, Doigecoindark which became kind of notorious because of its goals about perfect anonymity. This brought a number of accusers (as well as fervent supporters), so in time a rebranding seemed in order and Dogecoindark was renamed Verge in 2016.

Then it caught the interest of MindGeek, Pornhub’s parent firm. The Pornhub network includes Youporn, Redtube, and Brazzers. For them, security is a big deal and they’re willing to spend a pretty dime on it.

Fabian Thylmann‘s net worth (Mindgeek’s CEO) is estimated to be at around three hundred million and chances are you have no idea who he is. That’s because he values anonymity while his business does create a lot of revenue. So however controversial this could be, the ability to be a currency of choice in the adult market (let alone anonymity) is great for any alt-coin, except that Verge already got it.

But the adult market is not the end of the story for Verge. Lots of markets want security and anonymity these days.

On the Verge of Something New

While privacy and anonymity are human rights, they tend to be linked with shady dealings. People say, there’s no reason for anonymity if you have nothing to hide, but would those same people give you their password or pin for their bank account?

Privacy is necessary, of course. Edward Snowden, by revealing NSA spying secrets, showed this to the world as he denounced how bad was the vigilance the US government keeps on its own citizens.

When the Deep Web went for Bitcoin, people assumed it was anonymous. And it is, but not to the same degree as Verge is. Digging deep enough into the Bitcoin ledger could still lead to you if you transacted on it. And it’s a record that will never go away.

Verge is using the MindGeek partnership to grow and get new partnerships. It’s rumored that Spotify is next as well as PayPal and Venmo. The right partnerships bring cryptocurrencies to the real world and make them available to everybody. Verge is on the right track.

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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.

Chart courtesy of Salim Chauhan via Flickr

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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