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Verge’s XVG: Three things you should know

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The digital world doesn’t have a lot of more prominent celebrities than John McAfee. He’s been an advocate for crypto-currencies, especially for the ones that feature privacy and anonymity, as Verge does.

Verge’s roadmap is very clear. It privileges what users want, and it aims to get a token value of $15 before the year ends. They might just get there because users are happy and they’re getting a good experience with Verge.

Consistency

Verge came to my attention when it was ranked at 60. Now it’s at number 27, which means it’s been going up steadily. If you’ve been paying attention (as I have), you’ll find that this is an excellent alt-coin to buy right now. It’s more modern; it fixes holes that older (more classic) currencies have left open.

The first priority for Verge is privacy and anonymity (without involvement in the porn world, as EOS has done). This coin gives you the freedom to be public or not, according to your wishes. It protects you always.

Anonymity has been a core value since the first blockchain currency came into being, but Verge has turned it into high art, they do it differently, they do it better, they take it further. In Verge, you can see every transaction ever made without knowing who did it.

Verge: the raw truth

Any corporation or foundation do not support Verge’s XVG crypto coin. It’s an open source project supported by a community of competent enthusiasts. Do not disparage this, just thing that projects as successful and effective as the BSD and Linux operating systems work under those same principles. Enthusiasts put in the work and the funding. It works.

Verge’s transaction speed is very high because it uses TOR on top of the Android wallet. Granted, getting better transaction speeds than Bitcoin is not that hard, but they do it very well, and they do it over Android, which gives Verge access to most of the world’s smartphone users. If you are on Android, you can do XVG transfers in real time while you keep your privacy and anonymity. It’s easy; it’s quick, it’s safe.

The McAfee Tweet

When McAfee tweeted to support Verge, the coin went up 800% in no time at all. McAfee was criticized for this, but it also shows that Verge is ready to take on the cryptocurrency market, all its fluctuations included.

Verge’s market cap is around $899 million. It traded under $0.05 for some time, but then it jumped to $0.07, which is its current value. The token value is quite low for the time being which will make it easier for investors to buy it in bulk, and wait for prices to rise as the platform keeps developing.

Among Verge’s plans is to implement smart contract technology for the XVG currency. That will allow for developing DApps and to use the platform to monetize the contracts. It will get the investors’ attention, mainly corporate and institutional investors. As they become interested in this coin demand and value will rise.

While this development is a safe bet, it won’t happen very soon. The Verge community is planning to finish implementing these features in 2018’s last quarter.

What you need to know right now is that very few crypto coins have so much going on behind the scenes as Verge does. The digital asset has a team of committed and competent enthusiasts behind it. They will increase awareness and keep new features coming around. This is one of the coins that will perform best this year, and this is the time to get a piece of the action. Once Verge takes off, nothing will stop it.

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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 Katopia via Flickr

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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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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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7 Steps to Recovery from a Crypto Trading Loss

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Whether you are a newcomer to the crypto market who mistakenly invested a large amount into the wrong coin, or a professional that made a well-researched decision and something still went wrong, the result it the same — you lost your money to the crypto market. This is a big problem, but also a problem that every crypto trader faces at some point.

The reason may be anything, from simple bad luck to the lack of research. Add to that the fact that the crypto market continues to be extremely volatile, and it is clear that not all of your trades are going to end up successfully.

Whatever the reason is, the fact remains that you experienced a loss and that this is a problem which can affect more than your funds. It can also affect your mind and feelings. Since every successful trade that you have the potential to make in the future depends on you, you have to recover first, and only then should you worry about the funds.

The road to recovery is different for everyone, and it will take a different amount of time and effort. However, there are a few general steps that you can take to recover from a crypto trading loss.

Step 1: Stop and calm down

You have just suffered a major loss. It may have been your mistake, or…

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