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Verge (XVG) sets the tone for mass adoption with FLOGmall

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Verge XVG mass adoption
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Verge (XVG) has become one of the best-known cryptocurrencies over the last sixty days, especially when their mystery partnership  (on April 17th) became public. It was a MindGeek‘s partnership that allowed XVG to become a payment method for Pornhub. While this was very misunderstood, it left no doubts that it was profitable for both parties, especially Verge, as it can only increase XVG’s exposure and demand.

The current market trend is bringing XVG down against the dollar, as it went down by 19% in last seven days. But Verge is focusing on making sure its coin and technology are adopted massively. Let’s have a look at how they are going about that.

Verge’s listing announcement on BiteBTC

The XVG team announced a couple of days ago, via their official Twitter account that the XVG cryptocurrency will be listed on BiteBTC, an influential exchange market.

The team also announced that XVG would be ready for live trading and investing starting from May 10th as it becomes part of the BiteBTC market listing.

Any coin listed in a new exchange will always bring trading volume and exposure, which is why this is an exciting development for Verge. It’s expected that XVG will grow in value soon.

All the previously mentioned reasons strongly suggest that XVG’s value will rise soon as the market’s current trend gets worn out and most of the crypto coins start to trade in the green once again (that’s already started, in fact).

Verge XVG Debit Cards

A little over two weeks ago, TokenPay proclaimed they would be buying 9.9% fo shares of a Bavarian German bank. The point in this is to issue debit cards on cryptocurrencies. Then TokenPay announced that their first choice for that would be XVG.

This is no surprise at all. TokenPay supported XVG during their first crowdfunding campaign. They endorsed XVG on their first crowdfunding campaign and the keep the support going until the MindGeek partnership became a reality.

It’s no surprise at all for TPAY to choose Verge as the first alt-coin to become available through a debit card issued by the bank. Token pay gave XVG a lot of support during their initial crowdfunding effort. Their continued support also allowed Verge to get the Pornhub partnership that made them the talk of the town.

The deal is done as confirmed by a Verge’s official tweet a couple of days ago. The German bank was mentioned so those debit cards will be available quite soon.

Verge on FLOGmall

Verge (XVG) had further good news for fans when they announced on Twitter they will be a payment method for Flogmail from May 10th.

Flogmail is a quite new player in the e-commerce world that takes in all kinds of currencies, Verge’s XVG being the most recent one. It provides electronic trade services that connect buyers and sellers painlessly enabling both of them to complete each transaction in a variety of options.

This move is maybe not as bit as Pornhub, but every move Verge makes to make it a real and practical payment method for average users is a smart move. At the very least it gives them exposure.

Verge and the market now

The market had a bit of a break on May 9th. Most currencies dropped a bit, and Verge went with the trend. As of today, Verge lost 19.72% against the dollar in last seven days, which is a bit steep. It also lost about 12% against Bitcoin.

Green bars are starting to build in the market, Verge’s XVG also increased in value by 4% in last twenty hours. This all means that right now Verge’s XVG currency is available at $0.06 per unit, which is very low if you take into account it’s been as high as $0.22. Still, that’s actually good news for the investors – this is the time to get it in bulk.

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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 NGlomb via Flickr

Blogs

3 Things to Avoid if You Want Your ICO to Succeed

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Initial Coin Offerings, or ICO, have become quite popular in 2017, which is something that also continued throughout 2018. In fact, there were hundreds, if not thousands of them so far. However, no matter how many of them were organized, most never managed to make it into the market and achieve their goals.

Analysts claim that there are a lot more failed ICOs than there are successful ones, which has caused a lot of people to simply give up on the idea. However, many are still curious to know what went wrong, and while failed ICOs can be studied for years without discovering absolutely every flaw, some of the bigger ones can be spotted right away.

This is why we will now list top three reasons why so many ICOs failed, and everyone who is thinking about launching one should pay close attention.

1. The lack of demand for the product

According to estimates, around 60% of ICOs often fail at the first stage simply for the lack of interest in what they offer. When someone comes up with an idea and launches an ICO in order to raise money, they are presuming that people will be interested in investing in this idea. In addition, prior to making an announcement that an ICO is coming, it is wise to ensure that the announcement will be heard in the first place.

Additionally, ICOs need to be approved by appropriate…

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Bitcoin

Reasons Behind The New Bitcoin Crash

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Cryptocurrency investors and supporters experienced quite a shock last week with the latest Bitcoin crash. Almost every single one of top 100 cryptocurrencies trading in the red. Not only that, but most of them experienced massive losses, often larger than 12%, or even 15%.

The event was unexpected and all cryptos, with the exception of a handful of stablecoins, lost a large part of their value. However, as always, Bitcoin is the one receiving the most attention, especially since this is the first time that BTC has dropped below $6,000 in a long while. Right now, Bitcoin is still losing value, with its current price being at $5,503.11 per coin, and a drop of 12.76% in the last 24 hours.

After the initial shock, a lot of investors started wondering and researching the new crash. The main question still remains: Why did this happen?

While this is more than understandable, especially considering how much money, time, and patience people have invested in crypto, the reasons behind the new crash remain obscure to many. Because of that, we are now going to explain two events that are most likely to be causing this situation.

1. The selloff

This is believed to be the main reason for the new crash of Bitcoin. The selloff came as a consequence of the last year’s bull run, which has launched BTC and other coins to entirely new heights. Because of that, numerous…

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Altcoins

Here’s Why This Coin Still Has Wings (WINGS)

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WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.

Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.

What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.

The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…

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