Author: Anna Galvez

Categories
Crypto News

Verge (XVG) Partners Up With A Porn Industry Giant, To The Disappointment Of The Community

Verge (XVG) has announced a few days back a mysterious partnership meant to boost the adoption of XVG cryptocurrencies. Many names have been rumored, including TokenPay, a payments processor. However, surprisingly, Verge (XVG)’s new partner is a renowned porn industry giant.

Many news sites jumped into releasing news articles stating that the new Verge (XVG) partner is Pornhub, the well-known porn streaming site with adult live chat, dating, and many more.

Did Verge (XVG) partnered with Pornhub? Despite that many think so, the answer is “Not quite”.

The real Verge (XVG) partner is MindGeek

Yes, MindGeek is the new XVG partner and the one which will adopt Verge (XVG) payments on its networks.

MindGeek is the company behind Pornhub, Brazzers, Babes.com, and a whole bunch of other porn sites or sites with porn-related content. Well, MindGeek is a giant in the porn industry and, from today on, it is adopting Verge cryptocurrency as one of its payment methods.

How will the Verge (XVG) partnership with MindGeek help the XVG?

Porn industry remains a billion of dollars industry and will keep its position forever, I guess. Thousands of dollars are spent on a daily basis on porn, from movies to live adult cams.

This partnership will definitely increase Verge (XVG) adoption and Verge network will record, most probably, tons of transactions. Not to mention that the intrinsically decentralized characteristic of cryptocurrencies will attract more and more fans of the porn industry who already seek for more privacy, in terms of transactions, at least.

The XVG’s future

Now, Verge (XVG) has dropped by about 24% after the announcement has been made because the Verge community was expecting a strong partnership within the blockchain market or at least in its close vicinity.

However, the coin recovered and is now, again, going green.

It is understandable why the community was disappointed and for this fact, the Verge team is partially guilty for keeping this deal completely under the radar.

In conclusion, the Verge (XVG) partners up with MindGeek, the giant porn industry company which owns Pornhub, Brazzers, and so on. But the XVG holders should be happy because, in the long-term, this deal might turn out to be very advantageous for the Verge (XVG) price.

 

Categories
Crypto

Ripple (XRP)’s Ryan Zagone Asked UK Regulators To Implement Cryptocurrencies Supervisory Structures Following The Japanese Model

To guarantee and promote secure and legit investments toward cryptocurrencies, Ripple (XRP), the #3 crypto coin in the world by market cap, has demanded the British crypto regulators to instrument similar supervisory structures to the ones implemented by the Japanese government. Ripple pushed the regulators from the United Kingdom to bring to an end the period of freedom for the crypto coins.

Japan has started the cryptocurrencies market’s legalization and control, taking the first position on the planet in terms of crypto coins trading and investments, despite regulations. Therefore, Ryan Zagone from the Ripple’s Regulatory body supported the proposal stating that regulations are important to bring in new investors and promote the cryptocurrencies market maturation.

Ryan Zagone said that:

Regulation creates the guardrails on the highway that allows new entrants to come in, particularly institutional investors.

He is also the one who invited UK regulators to create an equilibrium between risks (referring to crypto’s volatility) and innovation (referring here to the blockchain technologies).

Ripple (XRP) representatives believe that cryptocurrencies market regulations will bring the cryptos into a new era

The 3 important aspects Ripple demanded to be taken into account are financial security, traders assurance, and, maybe the most important one, money laundering avoidance.

At this time, we are in need of better clarity, more rules, and higher certainty. So, it is a good time to start revisiting the ‘wait and see’ approach opted by regulators.

Ryan Zagone

On the other hand, the UK Chancellor Philip Hammond announced, in March, the intention of creating a new group which will handle exclusively the traders’ protection, while also applying the repository of the Bank of England and Financial Conduct Authority.

At this moment, Ripple (XRP) is trading at $0.65, recording a 2.10% loss in the last 24 hours. Besides, XRP is still on the 3rd position in the cryptocurrencies market, marking a market capitalization of about $25.7 billion and an increase of more than $546 million in its volume in the last day.

Categories
Crypto

Cardano (ADA) Is Listed On Huobi, The Biggest Chinese Cryptocurrencies Exchange, Since Today

Today, Huobi cryptocurrencies exchange, the biggest Chinese one and the second most important exchange in the world, listed Cardano (ADA), a fact that should boost ADA value against the USD.

The listing of Cardano (ADA) on Huobi has been announced via the cryptocurrencies exchange site, earlier:

Cardano (ADA) will be launched on Huobi Pro on April 16, 2018 (GMT+8). Deposits will be available from 14:30, April 16 (GMT+8). ADA/BTC, ADA/ETH and ADA/USDT trading will be available at Main Zone from 14:00, April 17, 2018 (GMT+8). Withdrawals will be available from 14:30, April 19 2018 (GMT+8).

Cardano (ADA) Price Soared After The Announcement Has Been Made

The announcement from Huobi created a very positive sentiment surrounding the Cardano (ADA) crypto coin. The ADA holders and traders were happy to notice that Cardano (ADA) significantly soared up today.

At the moment of this article, ADA is trading at $0.245 increasing by a little more than 12% in the last 24 hours. Even more, ADA is, at the moment, the only top 10 cryptocurrency which shows gains, while the other 9 coins deepened into the “red zone”.

Moreover, Cardano (ADA) is on the second place in the cryptocurrencies market, in terms of the last 24 hours gains, being surpassed only by Populous (PPT).

As Huobi listed Cardano (ADA), the ADA price is expected to increase even more.

What does Cardano (ADA) offer?

Cardano (ADA) is a decentralized cryptocurrency with a very interesting blockchain technology offering smart contracts in a manner that is meant to totally revolutionize the cryptocurrencies market and, subsequently, the blockchain technologies.

Its Ouroboros PoS (proof-of-stake) is an algorithm which dictates how the network nodes reach consensus and “is a crucial part of the infrastructure that supports the Ada cryptocurrency and is a major innovation in the blockchain technologies,” as the official ADA site reads.

In short, Ouroboros is meant to provide a less energy consuming and more scalable proof of work protocol.

In conclusion, Huobi, the biggest Chinese cryptocurrencies exchange and the second in the world, just listed Cardano (ADA) and helped ADA price to soar up, an uptrend which will be kept for the next days, most probably.

Categories
Crypto

Ripple And Apple Partnership Might Significantly Boost Ripple (XRP) Price

As every crypto fan know already, Ripple (XRP) was massively in the news in the last couple of months, especially thanks to the numerous partnerships the Ripple company signed. Now, is the time to talk about another great deal for the Ripple (XRP) – Ripple and Apple partnership might significantly boost XRP price.

Some Ripple (XRP) holders accuse Ripple leaders that they don’t care much about XRP when signing new partnerships blaming them for the stagnation of the crypto coin.

Now, you should understand one fact, namely, that the majority of the banks, financial institutions, and companies that partnered up with Ripple, did it strictly for the Ripple’s payments platforms and not exactly to adopt those platforms that use XRP.

However, even though Ripple’s partners are decided to use only the Ripple’s platforms for instantaneous and secure cross-border transactions, the more companies and banks sign up for Ripple, the more secure is the Ripple (XRP). It’s a cause and effect thing. Not to mention that, eventually, some of these companies and institution might also adopt XRP for various reasons.

Ripple And Apple Partnership Might Boos Ripple (XRP) Price

First, let’s see how XRP is doing right now. At the moment of this writing, XRP is trading at about $0.65, recording a slight decrease of 1.57% in the last 24 hours.

However, XRP has registered a good last week and it gained a lot managing to soar from $0.49 on April 9th.

Now, it is a well-known fact that Apple is eager to implement new technologies so the Cupertino-based company might go straight for the Ripple (XRP). All this, despite the latest news that talked about the Apple’s interest in implementing Ripple’s inter-ledger payment platform.

Needless to say that Apple, as it is not a bank, could benefit by implementing XRP payments for its products and services which would definitely increase Ripple (XRP) adoption, so, the predicted XRP value of $10 for 2018 could easily transform into a $50 for 1 XRP.

In the meantime, I need to say that Apple is a huge company and, in my opinion, this is among the best deals Ripple has ever done and, even if they will not adopt XRP payments, this Ripple and Apple partnership will clearly reflect positively on the Ripple (XRP).

Categories
Crypto News

The Bank Of England Declared That A Decentralized Transactions Blockchain Technology Platform Is “Theoretically Possible”

After having carried out a Proof of Concept (PoC) with the startup Chain, the Bank of England recently published that it came to the conclusion that a distributed decentralized blockchain technology platform with a degree of privacy for sensitive data seems possible.

According to the official report, the research was conducted with the aim of exploring whether the blockchain technology can maintain the levels of privacy required by the banking system participants, at the same time that the information is distributed among all the participating nodes and that the transactions they can be supervised by the regulatory authorities.

The conclusion they reached responds to a doubt expressed by the bank since they began to investigate the technology in 2016

“It seems theoretically possible to configure a distributed accounting system so that transactions remain private while All the data shared in the network are maintained, and at the same time, a regulatory view of all transactions is maintained,” the bank said.

The testing was carried out with a transfer of ownership of a fictitious asset among several participants, including the central bank and a regulatory body. The activity supported by Chain was carried out for exploration and learning purposes, as published by the bank.

In the test, the issue and withdrawal of assets, as well as the granting of access to the general ledger, was the responsibility of the central authority, while the regulatory authority could have access to supervise all transactions.

Although the answer was “theoretically possible” regarding blockchain technology, security issues still need to be fixed

The report highlights that other aspects of the technology of the distributed ledger still “must be explored further” since the blockchain is not yet competitive to process banking transactions in the speed of processing and the scalability of it. An issue that, for the moment, does not make the adoption of blockchain technology viable as a platform for the processing of all transactions, according to the Bank of England statement.

To understand the importance of this test it is necessary to take into account that the privacy of the data has been one of the main concerns of the banks regarding blockchain. A fact that has led banking corporations to develop private blockchain-based solutions such as the one proposed by the Bank of England.

In addition to this proof of concept based on the use of blockchain technology for the banking sector, last March, the Bank of England announced another proof of concept, this time for the support of its gross settlement system, whose results are expected to be obtained by the end of this 2018.

Exit mobile version