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Verge (XVG) Partners Up with TrafficJunky Thanks to MindGeek

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One of the most attractive partnerships Verge has managed to acquire is their pairing up with MindGeek, which brought them to anything less but PornHub. Ever since the announcement that Verge will be partnering up with MindGeek so that PornHub would accept XVG as a form of payment for millions and millions of users on their official streaming platform, Verge has probably been the most talked-about coin ever since April 17th, which was the original date of announcement for the long-awaited partnership that cost 75 million XVG units. Now with another partnership on the rise, Verge has once again stolen a spotlight in the crypto community.

Verge is Partnering up with TrafficJunky

Not only that the partnership with MindGeek brought Verge more exposure as this currency is being used on PornHub as one of the payment methods for millions of users of the biggest platform in the adult entertainment industry and beyond.

Given the fact that the initial industry is one of the heaviest when it comes to market capitalization, Verge has an ultimate unlimited chance to gain more on its exposure, which will make XVG to exponentially grow thanks to the mentioned case.

Moreover, the partnership they have acquired with MindGeek, which brought them to PornHub given the fact that MindGeek actually owns PornHub, has further brought them to another important partnership that could greatly contribute to the further growth of this currency.

Along the way, Verge has become more popular as it is progressing towards its goals, allowing it to become one of the most trending digital assets, mostly thanks to the fact that the hype revolving around this partnership was pretty intense on all major social networks and coin news portals.

The partnership PornHub has made possible for Verge is going to be officially concluded on May 7th, when the partnering up with TrafficJunky will be sealed.

TrafficJunky accepted the partnership, not only because PornHub is an affiliate of the mentioned company y, but also because they could also predict the potential visible in Verge.

TrafficJunky is an advertising network that helps its users to promote their business. This company is one of the leading foundations in this area, so they are proud to have over one billion of impressions per day by using targeting with perfected market strategy.

As of the recent events, TrafficJunky has announced that all users would be able to get their TrafficJunky accounts funded by using XVG for making payments.

After the partnership with MindGeek that Verge has earned with organizing a massive crowdfunding campaign that ended as a massive success, having TrafficJunky accepting XVG could most certainly affect its exposure in a positive way further from this point.

How is Verge doing at the Current Moment?

It seems that the market became a bit sluggish as the majority of cryptocurrencies are trading in the red for more than 24 hours as all digital assets are following the latest trend in the market – dropping against the dollar while causing drops on a massive scale when it comes to the number of the dropping coins.

At the current moment, due to the most recent change in the market, after trading in the green for quite some time during a massive rebound, XVG is dropping against the dollar while trading in the red.

During the course of the last 24 hours, Verge has dropped by -5.14%, while it was also trading in the red against BTC.

XVG has dropped against Bitcoin by -2.02%, which means that BTC is actually doing better in the market at the current moment.

Following the latest change, XVG is currently being traded at the price of 0.075$ per one unit.

Verge has made its all-time high back at the end on December of 2017 when this currency was being traded at the value of around 0.22$ per one XVG unit.

It is expected to see Verge rising up against the dollar, once the market starts recovering from a mild wave of drops that have been going on for less than the last 48 hours. Verge couldn’t go against the trend, so instead, it went down against the dollar while also dropping in oppose to BTC.

However, having XVG partnered up with TrafficJunky will most certainly contribute to the most recent case of dizzily trending up in the crypto community and beyond.

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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 Sarah Gerke via Flickr

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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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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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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