Verge (XVG)

Verge is a secure and decentralized P2P electronic payment system which is designed for sending transactions privately. Verge has a public ledger similar to Bitcoin, but unlike Bitcoin you won’t be able to see the public addresses of the transactions that are conducted. This privacy is achieved using the Tor (The Onion Router) and I2P (Invisible Internet Project) technologies to hide the IP addresses of users. Verge was originally known as DogeCoinDark, and then rebranded to Verge in 2016. The creators of Verge wanted this coin to be thought of as a legitimate form of currency, not just a way to pay for illicit items.

Verge’s development is community-driven. Much of the development is done on a voluntary basis by various developers. More information on the team can be found here. For more information on Verge’s technology, team and what the future holds, see “What is Verge” and their blackpaper (what Verge calls their whitepaper). This blog post is also a great analysis and is worth looking at.

Top News

Ethereum Foundation Sold 70,000 ETH at ATH

Ethereum Foundation Sold 70,000 ETH at ATH

According to Vitalik Buterin, the Ethereum foundation could sell 70,000 ETH in the last two years when its value peaked, thereby resulting in a $100 million liquidity. Buterin negated all these claims and told that this action was about policy decision and not due to lack of funds. Litecoin’s founder …

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XRP Liquidity Index Surpasses 9 Million

XRP Liquidity Index Surpasses 9 Million

Participation of Bitso, a Mexican exchange, has stimulated the success of Ripple and Moneygram’s project. XRP was mentioned by the US governmental agency, the Consumer Financial Protection Bureau(CFPB). Ripple is getting the highest critiques when it releases 1 billion XRP from its escrow account every month. According to the recent …

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Bottle Pay Service to Shut Down Soon Amid AML Regulations

bottlepay

Bottle pay has decided to shut down their activities due to constraint Anti-money laundering regulations. Funds for withdrawal would be kept available until 13.00 GMT on Dec 31, 2019. Due to constraint Anti-money laundering regulations (AML), Bottle pay service has decided to shut down their activities according to the announcements …

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Vitalik Buterin Talks Economics with Eric Weinstein

Vitalik Buterin Talks Economics with Eric Weinstein

Buterin pointed out that there are participants in the crypto community who are assured that Bitcoin (BTC) will destroy fiat currencies. Buterin believes that cryptocurrencies can and will coexist with fiat money. He intended to use the Bitcoin Cash (BCH) blockchain as a temporary Ethereum network scalability solution. Vitalik Buterin, …

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Sendfriend to save Remittance Fee up to 80% using Ripple’s Solution

sendfriend-ripple

Sendfriend integrated with RippleNet’s on-demand Liquidity transaction procedure to increase the speed and affordability of this process. Lighton stated that these transaction costs could reduce to 75%. In today’s modern world, remitters send money to access reliable and fast services. Last year alone, a huge amount of more than $45 …

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Ethereum 2.0 Rollout Might take Longer than Expected

ethereum2.0

The latest blog released by ethereum indicates, ethereum 2.0 would take a long period substantially to release. The incremental developments to ETH 1.x will put a halt to the full rollout of ETH 2.0 for the coming years. Per the recent official blog post by Ethereum developers, Ethereum 2.0 would …

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QuadrigaCX: Users Seek Exhumation of the founder’s Body

QuardigaCx

Gerald Cotten, founder of QuadrigaCX suspiciously died last year due to Crohn’s disease. Cotten was the sole person having access to the passwords to QuadrigaCX digital wallets. Users of Exchange are asking for Exhumation of the founder’s body. Gerald Cotten, the 30-year old founder of QuadrigaCX, had an untimely death …

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Upbit Hackers Using New Strategy to Launder Funds

upbit hack

They seek to use a distributed exchange to turn their investments into an EOS-like token. The hackers are trying to cycle the ETH through multiple wallets. A small part of the stolen ether sent to Tokenlon. The infamous Upbit hackers are testing out a new tactic. They seek to use …

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