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Rebasing of Verge’s (XVG) Code to that of Bitcoin Almost Complete

Ever since the Verge (XVG) network was hacked back in May, and millions of dollars of the digital asset fraudulently minted, there has been an effort by the project’s core developers to change the codebase of the platform. In late June, the team at the Verge project had announced that they were upgrading Verge’s codebase to Bitcoin Core v.0.13. This was due to the fact that this codebase offered updated security protocols and a solid foundation for the project to continue on.

It is with this background, that the team at Verge have announced that they have finished rebasing Verge to Bitcoin Core version 0.13. The next move is now be to move it to Bitcoin version 0.17. This in turn will mean that the Verge network will be on the latest Bitcoin core base code complete with all the new features accompanying the code.

The team at Verge goes on further to explain this by saying:

Anyone can fork Bitcoin Core, change a few lines of code, and have a new coin. Since Verge has been around for a while, and we have our differences, the challenge has been to merge those differences onto the latest Bitcoin Core. Features like Tor, multi-algorithm, stealth addressing, are the things that make Verge different from Bitcoin Core.

Market Performance after the Sudden Market Decline

XVG has not been spared by the current sudden decline in the crypto markets. In a period of less than 2 hours, Bitcoin (BTC) dropped from comfortable levels of $7,300 to those of $6,990. As a result,the entire market was affected. XVG is down 14.8% in the last 24 hours and is currently trading at $0.0159.

The general feel in the crypto community is one of concern with September 30th being the deadline for the SEC to make a decision on the CBOE sponsored Bitcoin ETF. With only 25 days till then, it will be a tense three weeks in the crypto markets as many expect another postponement or a complete rejection of the ETF by the SEC.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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XVG, TRX, ZEN, BCH and NEM Added to NetCents Merchant Services

NetCents, a next generation online payment processing platform for consumers and merchants, has announced the addition of the following five digital assets to its Merchants Gateway.

  • Verge (XVG)
  • Tron (TRX)
  • ZenCash (ZEN)
  • Bitcoin Cash (BCH)
  • NEM (XEM)

This addition is as a result of upcoming Partner and Merchant requests at the firm. Over the next few months, the company will start to roll out the coins on the NetCents Merchant Gateway. Once integrated into the platform, these coins will start being accepted for transactions both online and offline. There are also plans of adding the coins onto the Instant Settlement System of NetCents.

The firm’s CEO, Clayton Moore had this to say about the plans to add the digital assets:

By adding these new coins to the Merchant Gateway, we are giving our merchants and partners greater flexibility and control in how they accept cryptocurrency payments from their customers. Our goal is to facilitate cryptocurrency as a daily transactional currency. By giving our merchants access to the coins that they would like to accept, we hope to foster greater adoption of cryptocurrency as a payment method

Kristof Van de Reck, NEM.io Foundation President, had this to say about the addition of XEM:

We are excited to see the launch of XEM on NetCents. NetCents provides a cutting-edge payment solution that helps merchants thrive in a competitive landscape by safely and securely expanding their products in an untapped market where growth continues at unprecedented levels.

This announcement by NetCents adds to the list of more crypto based payment solution providers, integrating popular coins onto their platforms. With more of such platforms supporting several coins, crypto adoption will become a reality with time.

Other examples of payment solution providers integrating popular coins include the recent addition of Tron (TRX) onto the CoinPaymets platform. The latter has over 2.2 Million merchants and users using their services.

Pundi X is also spearheading crypto-adoption through the provision of Point of Sale devices that support crypto transactions.

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Verge (XVG) And Tron (TRX) Partner, PornHub, Gears Up Crypto Payment With PumaPay

In its bid to smoothen recurring transactions, PornHub has partnered PumaPay, an open source cryptocurrency payment option provider dedicated towards enabling frequent payments using digital currency.

The collaboration will give premium subscribers on the largest porn site the room to pay with ease, as if they are paying with credit card. This options will make their payment easier and they do not need to worry about sending payment every month.

Yesterday, PC Magazine announced that PumaPay, which is developed by a Cyprus-based blockchain company is now to be used on PornHub site. PumaPay according to information offers a ‘PullPayment protocol’.

According to team behind PumaPay, the blockchain protocol allows for transactions that have never been possible on the blockchain, including recurring payments and pay-per-use transactions.

“PumaPay’s technological solution, the PullPayment protocol, reverses the mechanics of a transaction, enabling merchants to ‘pull’ crypto funds from their customers’ account,” PumaPay CEO Yoav Dror said in a statement.

“With PumaPay, merchants avoid the drawbacks of the current banking systems, such as high transaction costs, the insecurity of chargebacks (reverse transactions) and associated fines, and the lack of customer anonymity.”

The first cryptocurrency platform that PornHub partnered with was Verge, followed by Tron. When Verge partnered with PornHub, the platform had to go on a crowdfunding to enable it achieved the deal, and start off a yielding campaign afterward.

After the partnership, Verge sealed quite a large number of collaboration, however, many of them were not publicized. The Pornhub deal could just be regarded a stepping stone for other Verge’s alliances.

Talking about Tron, the cryptocurrency has been wining in recent time. Few days ago, Tron partnered with BITBOX, an exchange owned by LINE, a Singapore-based messenger app with millions of users.

Also, it partnered with Moshroom, a smart toilet producing company based in in China. The partnership will smoothen cross border payment for the smart toilet and also increase the sales of the product beyond Asia. The two altcoins are making significant move to initiate strategic partnerships in the crypto world.

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Verge (XVG) Latest Project Development Updates

The team at Verge (XVG) have continued to up the ante in terms of being in constant communication with their fans and with respect to the Verge project. The team constantly communicates via twitter and through the project’s Telegram Channel. It is with the latter that Ethereum World News was notified about the most recent developments at Verge (XVG).

In a bid to understand the current developments, let us recap on what was being worked on according to a similar update back in mid July. Back then, the team was working on the following:

  1. Designing and coding the newest version of the Verge Wallet
  2. Upgrading the Verge Codebase to Bitcoin v.0.13
  3. Exploring the potential of the RSK smart contract platform

Recent Developments

Since then, the team has worked on the following aspects of the project:

  • Twitter Poll Outcome

The team had asked its Verge Family via twitter, as to what was the most important goal for Verge from their perspective. 48% of the respondents stated that a new Codebase with RingCT (Confidential transactions) was the most important; 34% emphasized an iOS wallet; 9% emphasized a Desktop wallet; and 9% found that work on the Android wallet was the most important.

https://twitter.com/marpme_/status/1026720076026789888

The team at Verge has promised to work on the goals as outlined by the community.

  • Technical Storage of Keys

The team at Verge added that they are working on solving the issue of securely storing private keys in the latest version of the Wallet on iOS and the Desktop Version. This is due to the fact that there is an API within both wallets further increasing the risk of private keys. The team further added that:

Due to the use of the insight API within our latest iOS wallet and in our desktop wallet, we must find a way to store our private keys securely.

We are going to establish the BIP39 Format, which allows you to recover your private keys using a personal word combination.

  • Desktop and iOS Wallet Developments

With regards to the Desktop wallet, the team has raised the Electron wallet version to 3.0.0 (beta – 5) which provides a more stable environment as they wait for the final version of the Electron wallet to be released. The iOS wallet has received some final touches on the recipient selector and the sending transaction screen.

In conclusion, the team at Verge is constantly working to enhance the project and to the liking of the Verge Family. Current market analysis puts XVG at a value of $0.0128 and down 3.19% in the last 24 hours, in a relatively weak Monday crypto-market.

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Los Angeles Band Group Prioritizes Verge (XVG), TokenPay (TPAY) For Purchase Of Music

The relevance of TokenPay (TPAY) remain undoubted in the cryptocurrency space, the team behind the cryptocoin have indicated they are working on gaining mass adoption for the altcoin.

For some time now, TokenPay is being accompanied by its crypto friend, Verge (XVG).  Now, a band group based in Los Angeles announced the adoption of the two coin for payment on its platform.

Known as Dead Day Revolution, the group, through its Twitter page yesterday made known that it is now accepting TokenPay for every purchase on their platform, tagging verge (XVG) in the tweet.

“We are so excited to announce that you can buy our music with TokenPay! Pay with crypto and support mass adoption! @tokenpay @derekcapo $TPAY $XVG”, Dead Day Revolution twitted.

Announcing the adoption of XVG, the group stated that crypto lovers can now purchase its official merchandise from the band as it now accepts Verge as payment option through CoinPayment.

On the official website of the band group, the logo of the two cryptocurrencies is placed with a keynote revealing the adoption.

“We are proudly accepting payments in TokenPay and Verge Currency! Please click on the button for more information”, the noted stated.

About Dead Day Revolution

With a total number of 13 tracks produced, the band group stands to entertain its lovers with top-notch music. The three member group which rolls out outstanding records consist of Mike Sandoz (vocals, guitar and primary songwriter), Skeeter Joplin (drums) and Cristian Sturba (bass).

The band group based is equipped with different tones, stylistic colors and flavors under the umbrella of rock’n’roll.

The need for the crypto community to canvass stores to accept crypto is the beginning of price upsurge. This has been the view of Litecoin Founder Charlie Lee and Ethereum’s founder, Vitalik Buterin.

Crypto community needs not wait for Security and Exchange Commission to approve Bitcoin ETF before they start preaching to small stores, companies, and international business to adopt crypto. With different stores opting for crypto, there is going to be a brighter future for digital coin.

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NANO and XVG Lead a Pack of 14 Alt-Coins Rebounding With a Vengeance

The crypto-markets have regained some much needed volumes with the total crypto-market capitalization going back to levels above $200 Billion and currently at $205 Billion. Bitcoin’s (BTC) dominance is still much above half this value and at 53.6%.The King of Crypto is up 4.32% in the last 24 hours and is currently trading at $6,383.

With a stable Bitcoin above levels of $6,000, comes the resurgence of Alt-coins in the markets that has been led by a pack of 14 coins and tokens showing impressive gains. A better visual of the situation can be found below:

14 Alt-coins showing impressive gains in an unsure market recovery. Source, Coinmarketcap.com

NANO and XVG Lead the pack

Further analyzing the list of 14 coins, we find that a few stand out by showcasing impressive gains. NANO has increased in value by over 25% in 24 hours to current levels of $1.11. Verge (XVG) has also increased in value by close to 14% and is currently valued at $0.011884. Basic Attention Token (BAT) also stands out with 14.5% in gains in the last 24 hours. It is currently valued at $0.19866.

Coin Values Still Too Low

However, these prices are still low when we observe that the total market capitalization stood at $255 Billion before the SEC announced they’d be delaying their decision as to whether they will accept the rule change proposed by the CBOE sponsored Bitcoin ETF. Since then, the total crypto market capitalization dropped to its lowest yesterday, August 14th when it was valued momentarily at $189.8 Billion. At that moment, the crypto markets had contracted by 25.5% since the SEC’s announcement to delay the ETF.

This then explains why we are seeing some of our favorite coins doing double digit gains as they try to recover to levels witnessed before the SEC announcement that has been described by some as a small ‘Extinction Level Event’.

Ted Rogers, the president of the cryptocurrency infrastructure firm Xapo, was the first to point this out via twitter when he stated the following:

We could be in the midst of the extinction-level event for “cryptoassets” that many maximalists have predicted. 90%+ of @CoinMarketCap list will disappear eventually – might as well happen now. Meantime, lower BTC price means incredible opportunity to buy more #bitcoin.

Mr. Rogers’ comments might not go down well with a few alt-coin believes given that the crypto-markets have shown to function using different variables as those seen in traditional markets. A drop by 90% in less than a year could be an indicator of an incoming Bull run.

Disclaimer: This article is not meant to give financial advice. Any opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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Verge (XVG) Integrated Into Pundi X POS For Easy Trading At Local Stores

The mass adoption trend of Verge (XVG) is still on the rise. Quite different from the previous ones, Verge, in a proud announcement today stated that its token has been integrated into the ecosystem of Pundi X, a network that is transforming businesses with its blockchain-based technology.

Creating an avenue for easy buying of goods at local stores with Cryptocurrency, Pundi X introduce XVG into its Point Of Sale (“POS”).

The release flagged the development as a solution that will bring simplicity and convenience for customers who desire to purchase product at local stores with crypto coin.

The software based POS solutions of Pundi X has been designed with great sophistication as it also offers the service of price conversion from fiat currency to Verge to facilitate better transaction for users.

With the integration of Verge into Pundi X POS, any store around the world which has the POS can now accept Verge currency for payment, while customers can also pay with Pundi X mobile app or card.

Pundi X makes exchange with fiat currency easy as it provides integration to fiat gateways like Alipay, Pundi Pundi, wechat Pay, among others.

It also provides users with a multi-currency secure card, XPASS card that permits spending o XVG at stores.

Buying Verge (XVG) Made Easy With Pundi X

Pundi X allows easy and instantaneous top up of Verge XVG through Pundi X mobile app or stores with Pundi X POS.

About Pundi X

Pundi X, which renders offline sales of Cryptocurrencies was established in September 2017 with the sole aim of making cryptocurrency easy for buying and selling goods as small as bottled water.

Headquartered in Jakarta Raya, Indonesia, the firm operates globally with offices in London, Taipei, Shenzhen and Singapore. Pundi X has about 150 staffs and half of them are focused in research and development area.

The introduction of Verge (XVG) into the system of Pundi X isn’t the first collaboration of the company with a Cryptocurrency platform, as NEM and Zcash are part of its partners.

Recently, Pundi X announced that starting from august 1st, they will shipping 5,000 XPOS to UK, Switzerland, Korea, Hong Kong, Singapore, Indonesia and Brazil.

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Verge (XVG) Latest Developments: New Wallet, New Codebase and possible Smart Contracts

Through his medium.com page, Marvin Piekarek, a software developer at Verge, updated the crypto-community on the recent developments in the Verge (XVG) project. The team at Verge has been constantly improving communication to its fans and the general crypto community.

In the update by Marvin, he announced the following:

  1. The team is designing and coding the newest version of the Verge Wallet to bring the latest and greatest release yet with the following features: decentralization and security, better user experience, reliability, open source and community driven.
  2. The team is upgrading the Verge Codebase to Bitcoin v.0.13. This is mostly because of updated security protocols and plans for further improvements in the future. The new Bitcoin codebase offers a solid foundation for the Verge project. They are also working on integrating RingCT (Ring Confidential Transactions) to increase privacy and data security.
  3. Exploring the potential of the RSK smart contract platform in the Verge project by possibly adding a sidechain

Other recent developments

The team at Verge (XVG) can be applauded for dealing with the hacking situations on the blockchain with an attitude that shows leadership as well as willingness to learn from mistakes. Right after the last hack, Twitter user @CryptoRekt, who is the Author of the XVG Black paper, had twitted his belief that for every challenge or problem, lies an opportunity to grow. Another core member of the XVG team, Cees Van Dam, had called on the entire crypto community to come together and unite during that time period of the hack.

Also to add is that the team at Verge has more or less been making more partnerships and pushing XVG adoption with the most notable outlined below:

  • Bamb-U Australia accepting XVG as payment for its products such as watches and sunglasses
  • Audio cable company, Panchanko, partnering with Verge and  accepting XVG as a form of payment
  • Royal Queen Seeds, a cannabis company in Europe, accepting XVG as a form of payment
  • An indirect partnership with Litecoin Foundation after it purchased a stake in WEB Bank through its TokenPay partner which is also a partner of Verge

The team at Verge is also continually thankful of the community that supports the project not only during the good times, but when things do not go as expected like during the hacks on its platform.

Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.

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After Disagreement Over Verge-PornHub Partnership, Litecoin (LTC) And TokenPay (TPay) Buy Stake In German Bank

It is part of success to welcome criticism, it is part of success to come together after criticism and work things out with a smile. This could be said about the aftermath of the disagreement between Token Pay (TPay) CEO Derek Capo and Litecoin (LTC) Founder Charlie Lee on April 7, when Verge (XVG) announced a partnership with PornHub.

Charlie turned to Twitter to raise opprobrium on the announcement saying, “Turns out Verge’s super expensive partnership was PornHub. “we think it has gained enough steam for us to penetrate the market.” penetrate. @Pornhub, enough with the foreplay. Time to accept the real cryptocurrencies like BTC, LTC, and XMR.”

The Litecoin founder maintained that the partnership was money induced for the fact that Verge earlier announced a crowdfunding purposely to help seal a partnership with a platform that has a very high daily user.

Charlie said: “I think having more places to spend crypto is good. But I do hope they accept more than just Verge. It’s quite hard for people to get XVG just to spend on PornHub. It’s a step forward, but having to buy a partner is not a good precedent. Merchants shouldn’t need to be bribed.”

The attack by Charlie did not go down well with TokenPay Founder. He disparaged Charlie for failing to support the crowdfunding but criticizing the development.

TokenPay Founder replied: “I am sure you pseudo bribed to have coinbase have litecoin……former employee, favors, etc. Same thing.”

The Beginning Of TokenPay-Litecoin Partnership.

After Daren made known to Charlie Lee that his firm was instrumental to Verge sealing the deal, he told Charlie Lee to come for a partnership.

“No problem, so when do you want to talk about a REAL debit card solution? We are buying 9.9% of a bank in Munich with option to buy 90%. We have a whole ecosystem and plan in place. Let me know how we can work together. The battle between old and new world is just getting started”

“They key to making this all work is ecosystems, partnerships and constant communication with regulators. Buying a bank in Germany gets us a seat at regulator table, key to educating governments. As for $LTC we can add to our bank, debit card, gift cards etc.”

Interestingly, Litecoin accepted the offer but failed to disclose what the partnership was all about.

Afterward, TokenPay announced it has acquired 9.9% stake in a German-based financial institution, WEG Bank. The deal came with an option to acquire approximately 90% overall of the bank pending the customary regulatory approval.

To the cryptocurrency world’s dismay, the 9.9% stake was transacted to the benefit of Litecoin Foundation, TokenPay announce.

However, it is in “exchange for a broad and comprehensive marketing and technology service agreement to benefit TokenPay and its related cryptocurrency and business operations”.

Mr. Charlie Lee sees the partnership as a huge win-win for both Litecoin and TokenPay, saying he is looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer.

Remember, Ethereum World News had earlier forecasted that there is possibility TokenPay may lure Litecoin and Verge into acquiring a stake in WEG bank. While that of Litecoin has come into fruition, we are still expecting that of Verge, an important alley to TokenPay.

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Verge (XVG) Begins Another Crowdfunding

Verge (XVG) –It should not marvel you why American actor Benjamin Bratt levels the reason behind his personal strength on his family. When you look around today, it appears, many a number of successful people have their family to thank in everything they do.

“My sense of personal strength has always come from my family.” –Benjamin Bratt

The same could be said of Vergecurrency that has solely been dependent on its family –the VergeFam. Verge is one major cryptocurrency that receives much support from its family every time the need arises. Recently, Verge community met in Amsterdam to share the joy of brotherhood.

Remember, when there was need to seal a deal with PornHub, Verge hurried to its family seeking 75 million XVG donations. It did not take much time for VergeFam to donate, while the largest donation came from TokenPay, which ended to be an unforgettable alley of Verge today.

Verge Sources For Fund To Help West Japan Victim

Verge at the moment is going on a crowdfunding to help victims of torrential rains which resulted in landslides and flooding in West Japan where nothing less than 112 people have been reportedly dead as at the time of filing this information.

Unknown numbers of people are still missing while tens of thousands of people have been displaced, with thousands of homes destroyed due to the massive environmental disaster. Now, around 5.9 million people in 19 prefectures have been warned to relocate. At the press time, around 23,000 people are still staying in evacuation centers, according to the Fire and Disaster Management Agency.

As parts of its humanitarian effort, Verge is seeking donations from cryptocurrency lovers, especially those who cherish Verge, to kindly join in aiding victims of West Japan disaster.

“A call to unite all communities as a global #crypto family. Let’s come forward to support @japan. Verge Currency will donate all funds to @binance’s effort to support this disaster.”

Observers who believe in the strength of the Verge community are of the opinion that the family will donate beyond expectation, purposely for humanity.

Earlier, Binance has donated $1,000,000 to the victim of the flood in Japan, calling crypto community to follow the step.

In an official post, Binance stated:

“To help out the victims in West Japan that were affected by the heavy rains on 7/7/2018, Binance is donating $1,000,000 USD and calling for our crypto friends and partners to join us in the relief initiative.”

Interestingly, Binance may use the donation as a yardstick for listing new coins on its platform.

“Exact logistics will be figured out shortly. Reply to this thread or let me know if you (ur project) want to donate. Bonus points for future listing requests. And we may count your donations towards the listing fees. Listed projects, you know what to do!”

Meanwhile, in the donation run, SpydrZero, the creator of Skorch Token, came first.

@SpydrZeroYT actually beat us to the transfer, and became the first donator. crypto speed! Thanks.”

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