XVG Archives - 2100NEWS


2min1782

Verge is holding the very first Verge meet-up ever sponsored by the food giant Subway. The meet-up will take place on the 9th of June in Amsterdam, the capital of the Netherlands, which will take place on a boat cruising through the Amsterdam canals.

According to their page

The Verge meet-up is not only informative, but is equally a networking opportunity to socialize and meet with other like-minded individuals.
We will finish the evening with a big party, where our Core team and a number of special guests will be present to celebrate this day with everyone.

You can buy a ticket if you are into that sort of stuff at their website ranging from €35 for evening only to €175 for the VIP ticket.

VERGE

We noticed the fast food giant Subway on their official sponsors list, which raises the obvious question of potential partnership between the two. If Subway started accepting Verge it would be another significant step towards mass adoption.

 


Gabrijel ŠerjakApril 18, 2018

4min563

Adult entertainment giant Mindgeek, the owner of Pornhub and Brazzers, is now accepting payments in the form of the anonymous cryptocurrency Verge (XVG).

The mysterious partnership, which had been hinted at over the past month, means that users now have the option to pay for a premium subscription without leaving any trace which was a real problem with credit card payment.

Verge founder Justin Sunerok said:

“Pornhub is a global organization with nearly a hundred million daily users. This partnership represents an enormous market with a global reach that will compete with fiat currencies. It’s huge for Verge and we’re extremely excited to finally be able to announce it.”

 

The future has come. In our efforts to keep current with our community’s privacy and payment preferences, Pornhub will now be accepting Verge as a means of payment for services like Pornhub Premium and more, on our platforms. Building on Verge’s core values of security, anonymity and practicality, the introduction of this cryptocurrency as a means of payment Pornhub signifies an important foray into the future from the industry that is always on the cutting edge of technology.

 

The new partnership made Verge ‘privacy coin’ added to Porn Hub as a payment option for their porn-subscription services. The partnership has been met with some mixed reviews, with many people questioning the need for Verge to be integrated into Porn Hub’s systems. Most of the disappointment, however, comes from the fact Verge have really hyped this announcement up in order to pump the value of XVG, in doing so, they have acted deceitfully.

Okay, so they haven’t lied at any point, but what they have done is let the rumors get the better of them.

Despite this lapse in the currency, and the withdrawal of many supporters, the Porn Hub announcement might start to pick up some pace and bring the Verge currency into the forefront of a new arena, albeit a very specific arena.

According to WorthofWeb.com, Porn Hub is worth just short of $4billion, pulling in an estimated $1,170,328 per day. WorthofWeb.com estimates Porn Hubs traffic to reach 78,021,978 visits per day, reaching just short of an estimated 12billion page views per month.

In theory, that’s 12billion people a month, who now have access to a Verge based payment system. Granted, out of those 12billion views, many visitors won’t be using the sites subscription service, but perhaps the privacy promised by Verge may encourage more people to do so. If this wasn’t the plan, why wouldn’t the website just continue to accept standard currencies?

Verge is known as the privacy coin, perhaps this protection might encourage more people to subscribe to websites like Porn Hub, with the anonymity being used to mask any associated guilt that may otherwise arise should a regular subscription transaction for Porn Hub leave your bank account each month.

 

 


Gabrijel ŠerjakApril 17, 2018

2min436

Who is this Mysterious Verge Partner? More info points to Adyen/PayPal?

About a month and a half ago Verge team was approached by their new partners with the prospects of them adopting Verge to their business. Without hesitation, they jumped on this opportunity with the understanding that it is destined to be one of the biggest adoptions of cryptocurrency in the entire industry.

This Mysterious partner owns one of the largest payment processors on the internet with several hundreds of businesses routing their payment traffic through them. The partner is going to be supporting Verge Currency by rolling out a global marketing campaign with continuous marketing effort throughout the year.

Upon having both parties coming to a consensus the Verge Currency team quickly set out to make this deal a reality. The task at hand was to raise a whopping 75,000,000 XVG to cover the following:

  1. Cost of integrating into their extensive network of payment gateway and websites.
  2. A massive marketing campaign to span the globe.
  3. International press releases and news coverage.
  4. Ledger nano/Trezor hardware integration.

And so much more.

With no time to spare and a game plan on hand, they had 5 days to raise the funds. Thanks to the wonderful support of their community and the help of their existing partners.

Stay tuned tomorrow 10 am EST for the official press release.

Source.


Anej KorsicApril 10, 2018

5min664

There are some strange things going on with Verge (XVG) and the team behind it. To say that last week was quite bumpy for the top 20 cryptocurrency would be a definite understatement. Verge is slowly becoming one of the most controversial cryptocurrency projects.

 


 

Verge’s history

Verge started way back in 2014 by a developer who goes by the allies of Sunerok with a support of 200 community volunteers. For the most part, Verge was not very well known but its popularity rose relatively steadily. It wasn’t until John McAfee promoted the coin at the December 13th, which pumped up the price. This is where the start of the controversy

John Mcafee promotion

Founder of McAfee Antivirus, John McAfee allegedly promoted the coin on Twitter for $105,000 to his  800,000 followers. This resulted in 100% increase in price within 24h. But the hype didn’t stop there. Over a course of 10 days, Verge skyrocketed and reached an all-time high of $0,29 per coin. To get more of a feel for what a boom this was. The cryptocurrency went from #79 and $115mln  Market cap to #16 and over $4.3bln in just 10 days.

But the word came out when Verge didn’t give John a penny for the $3bln increase in market cap. Allegedly John’s phone was hacked and positive claims about Verge made on twitter simply were not true.

Wraith protocol

Following the McAfee incident, Wraith protocol was announced on Verges official channels on medium and Twitter. Date of release was set for December 31 of 2107. However, the team delayed the release date four times.

Wraith Protocol is a technology that allows the user to seamlessly switch between public and private ledgers on the Verge Blockchain.

Once the Protocol was finally out, technically it wasn’t anything impressive. The lack of transparency and plain manipulation of the community caused many Verge investors to sell their holdings.

Verge developers asking for charity

The lead developer, Justin Sunerok, has launched a crowdfunding campaign to raise nearly $3m in XVG coins. He claimed that the funds gathered will be used to secure a ”strategic business alliance” with an unnamed global organization. Meanwhile, Sunerok made a thread on twitter asking for the help of the community about the Coinbase situation. This action backfired immensely and resulted in community backlash. Although there isn’t concrete evidence the community formed an opinion that Sunerok launched the crowdfunding to help pay his taxes. Postponing the release date until 17th of April which is a day later than taxes are due does not help his defense.

 

The team  unknowingly hard forked mid 51% attack

On April 4th, Verge was the target of a 51% attack, which lasted much longer than just 3h. In fact, the attack was put in place the next day. It was assessed that the attacker mined additional 19,500,000 coins. What is even more amazing is that the developers rushed a fix, which turned out to be a hard fork. Since the attacker already hijacked the network this didn’t make much impact, but it shows in how capable hands is the top 20 cryptocurrency.

 


Because of all of the above, I would recommend exercising extreme caution in dealing with the Verge cryptocurrency. Although the community does not seem to be phased by all of this. Pushing the price of the coin over 60% up to $0,088 per coin.

Last article on Verge.


Anej KorsicApril 5, 2018

3min386

According to sources, the 51% attack on Verge was launched yesterday, 04.04.2018  at 06:00 UTV time. The first block to be successfully exploited was 2007365. It has been assessed that almost 20M Verge coins got stolen with the exploit. At the time of this writing its worth around 1,150,000$.

 


 

What is the 51% attack?

Is when an organization through exploits in the code, or with its hashing power is able to control the majority of the Network mining power (hashrate). The 51% comes from controlling 51% of the infrastructure, with that you can hijack the network. The attackers would be able to prevent new transactions from gaining confirmations, allowing them to halt payments to some or all users. 

More on the 51% attack you can read it here.

 

Verge’s attempt to resolve

All this began on bitcointalk.org forum where OCminer brought the exploit to attention.  Being part of the Verge mining pools, he was directly impacted by the 51% attack. Verge’s response wasn’t very appreciative. Didn’t seem to grasp the depth of the situation. Later they rushed out a fix, which happened to be a Hard fork. This resulted in Verge wallets not being able to Sync and the current chain was not usable anymore.  The first hard fork attempt failed and additional 19.500.000 Verge coins were generated with the exploit. 

 

Censorship

Many of the Verge ”hodlers” got scared for their tokens and began to search for answers on different forums and official social media. However, many of the posts asking questions got deleted. Which lead to many members of the community scream censorship. Team member said: ” It’s already been addressed [problem]  in both places. We don’t need it spammed everywhere, thanks.”

 


 

More on the topic on: bitcointalk.org


Gabrijel ŠerjakDecember 20, 2017

5min361

Verge (XVG) has catapulted into the top 30 cryptocurrencies at #24 with a new market cap of $1.5B USD.

December 2017 has been an unprecedented month for cryptocurrencies. Bitcoin cracking 20K after the launch of bitcoin futures trading on Cboe and CME. In the aftermath, altcoins like Litecoin, Ripple, TRON, Cardano, Stellar, Bitcoin Cash, and Qtum have experienced massive growth to hit record highs.

Another coin that has been rising this past week is Verge (XVG).

What is Verge and why is surging?

Verge Currency is a blockchain-based cryptocurrency known for its emphasis on being secure and anonymous—built with a focus on privacy and everyday use. It uses multiple anonymity-centric networks (ie. Tor, I2P), which obfuscates IP addresses to make transactions untraceable.

According to the official website, Verge’s mission is to:

Empower people around the world by bringing blockchain transactions into everyday life. Verge currency makes it possible to engage in direct transactions quickly, efficiently and privately. With Verge currency, businesses and individuals have flexible options for sending and receiving payments. With the flip of a switch, we offer helpful integrations and tools that enable them to handle large scale transactions between merchants and small scale private payments.

As we’ve seen with Bitcoin and Ethereum the past month, wherein transactions speeds have lagged considerably under new strains, Verge uses ‘Simple Payment Verification’ (SPV) technology to keep confirmation times to around 5 seconds on average.

Verge foregrounds a policy of ultra-transparency and openness. Unlike many blockchain-based cryptocurrencies/projects, Verge is not a private company funded by pre-mined coins. It is an open-source platform, and the development team maintains an open-contact policy with the thousands of members of the Verge community to field, support, and implement new ideas about the Verge network.

At 2:14pm PST, Dec. 12, XVG sold for $0.009336 USD, according to CoinMarketCap. At 12:34pm PST Dec. 19, that number was $0.074720—an increase of 800 percent. At the time of this writing, the price is $0.105284 

 

The Bitcoin surge of the past month has impacted cryptocurrencies across the board. New investors are flooding the market, particularly through popular cryptocurrency brokerage Coinbase, which is adding around 100,000 new users per day, recently surpassing YouTube as the #1 app on the Apple App Store.

A natural outgrowth is that many investors are starting to understand the current weak spots in Bitcoin investing and trading. In particular, the frustration with lagging transaction times might be sending these new participants to coins trusted to move faster—which is also a possible cause for recent spikes in Litecoin and Ripple.

It’s likely that Verge’s emphasis on privacy is appealing to investors—particularly in times of global political turmoil.

Unlike some of the other privacy coins, Verge emphasizes ease and usability alongside privacy measures. Verge also offers a host of secure wallets to amplify security for its users. Among them is the Tor Android Wallet for mobile anonymity, a unique offering in the community.

The recently announced ‘Wraith Protocol‘ also allows users to seamlessly alternate between public and private ledgers on the Verge Blockchain.

For more information about Verge, visit the official website. To keep up with community updates, join the Telegram channel and visit the r/vergecurrency subreddit.

Editor’s Note & Disclosure: The author invests in cryptocurrency markets, and has invested in this currency. Neither the author nor 2100news endorses participation in any token sale or cryptocurrency investment, all of which have significant inherent risk. Seek advice from a financial advisor as well as do your own due diligence before considering investment.

 

 

 



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