Category: Crypto

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Crypto

Verge (XVG), Recently Adopted By The Health Sector, Is Going After PayPal

When Verge (XVG) partnered up with MidGeek’s PornHub and Brazzers, two of the biggest names in the pornographic industry, the community showed disappointment and asked for some real partnerships with FinTech sector. However, Verge team kept on moving forward and some names from the health sector adopted XVG. Now, Verge is targeting even higher and is going after PayPal.

Many words were spoken when XVG teamed up with MindGeek who adopted it as a new cryptocurrency-based payments method on its PornHub and Brazzers porn sites.

However, XVG continued to be adopted by small companies and some online stores. But nothing big, apparently.

Verge (XVG) has been adopted by a big name in the health sector

Silently, while the community was still debating the low-profile partnerships Verge signed, a big name in the health sector, Dioxyme, announced on its site, Dioxyme.com, that they have accepted Verge (XVG).

Dioxyme is a big player in the supplements industry where is activating in an interesting niche. The company offers dietary supplements for active people who want to enhance their sportive performances.

Besides Dioxyme, however, XVG has also been adopted by HealthCare, a platform that sells and rents scaffoldings and provides their construction advice when big projects involve them.

Verge (XVG) price

All these news would definitely be good news for every other cryptocurrency but not for XVG. Despite the positive news surrounding the crypto, Verge (XVG) is still trading lower and lower against the USD.

As we speak, XVG is traded at $0.053, registering a decline of 3.21% in the last 24 hours.

However, all these deals it made lately helped Verge coin moving closer to the $1 billion market cap milestone. For the moment, it scores a market cap of only $807 million.

Verge (XVG) is going after PayPal

Supposedly, some inside sources announced that “Verge is aggressively pursuing PayPal via their Venmo platform.” According to the sources, PayPal and its Venmo platform are working on listing a lot of cryptocurrencies and XVG might be one of them.

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Crypto

TRON (TRX) Moves Up To Secure The 9th Position In The Cryptocurrencies Market

TRON owner Justin Sun has tweeted that TRON is going to introduce a ‘TronVM’ virtual machine on May 25th. The engine is reputed to support the Ethereum (ETH) virtual machine. This comes in a moment when the approaching deadline for the implementation of the TRON’s core network is now counting less than 9 days and has caught the crypto enthusiasts attention.

At this moment, TRON (TRX) is traded at $0.079, registering an increase of about 5% in the last 24 hours.

TRON (TRX) moved up to secure the 9th position in the cryptocurrencies market

With a market cap of about $5.2 billion, TRX is securing the 9th position in the crypto market, ahead of IOTA (MIOTA) by about $400 million. Even more, TRON (TRX) seems unstoppable now and is heading towards Stellar (XLM).

Not surprisingly, TRX was one of the big gainers of the day, as it marked a gain of about 19% earlier today. On the other hand, this crypto coin is the only one in the Top 10 which registers gains, while all the other major cryptocurrencies are ‘downtrending’.

TRON community will strongly contribute to the TRX growth once the TRON’s Mainnet will be up and running

The TRON community strongly supports the idea that with each accomplishment within the system, shifts in crypto-verse are going to be of the utmost relevance in terms of accountability.

The TRON network has enhanced its TPS system with better features than that of Bitcoin (BTC) and Ethereum (ETH).

Its highly decentralized allocation system is on a par with the rise in its world ranking among the other cryptos. It is rumored that the introduction of TRON’s mainnet will unleash more than 1 million TRX owners who will actively contribute to the TRON (TRX) constant growth in market cap.

In the meantime, TRON devs got two new co-workers in the name of Marius Gill, a German DApp developer, and Sean Liu, an ex-data engineer at Gridsum.

The future looks good for TRX, definitely.

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Crypto News

Switzerland Considers Launching A State-Owned Cryptocurrency And Becoming A “Crypto Nation”

The Swiss government, through its executive body, the Federal Council, approved the admission of a request for a study establishing the feasibility, advantages, and challenges of a state-owned cryptocurrency, the e-franc or “Cryptofranc”. This request was made by Socialist Party MP Wermuth Cedric, back in March.

The viability of the e-franc or “Cryptofranc”, as it has been called, is one of the objectives of this study requested from the Federal Council by the Socialist deputy Wermuth Cedric, and which must be prepared by the Finance Minister, if approved by the lower house of the Swiss Parliament.

In the application, entitled “Establishing a report on the feasibility and challenges of creating a ‘Cryptofranc’,” Wermuth Cedric refers to the different states or central banks that are considering the possibility of creating electronic currencies, including the Bank of Sweden.

Cedric points out that this interest of the states has been inspired by the growing boom in means of payment and cryptocurrency and mentions several challenges around them, such as the “digital divide” between a minority that has access to them and a large majority that does not have access to their benefits.

He also mentions the volatility of the crypto market or the future of transactional infrastructure, among other challenges.

Switzerland takes big steps towards becoming a “Crypto Nation” by considering launching its own state-owned cryptocurrency

In its reply, the Federal Council notes that it is closely following the growing interest in cryptocurrency and the discussions on “Cryptofranc”.

The Council also reported on the creation of a working group including the Swiss Financial Market Supervisory Authority, which had been responsible for the guidelines governing the Initial Offers of Coins (ICO) within the country.

The Councillor in charge of the Council’s Finance Department, Ueli Maurer, is appointed for the analysis of the proposed request, although no deadlines are set for a presentation of the study on the Swiss state-owned cryptocurrency.

In January of this year, Johann Schneider-Ammann, an advisor to the Department of Economics, Education and Research, said he would like to see Switzerland as a “Crypto Nation” in 10 or 20 years’ time, although he later went back, acknowledging that it was a mistake to speak in such terms of the country and, in a very diplomatic manner, offered an alternative, namely, a “Blockchain Nation”.

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Crypto Markets News

eToro Trading Platform Is Now On The US Market And Plans On Implementing Its Own Cryptocurrency Wallet And Exchange

eToro, which runs an online social trading platform, reported some exciting breakthroughs at the blockchain conference, the Consensus 2018, held in New York earlier this week. eToro company’s CEO and founder, Yoni Assia, reported that the company is now extending its operations into the United States and that it will launch a cryptocurrency wallet and a cryptocurrency exchange office in by the end of 2018.

“Consumers around the world should have access to the tools they need to participate in cryptocurrencies market, regardless of their expertise,” said Assia.

eToro online trading platform conducted a financing round to raise funds needed to emerge on the US market

eToro finished a $100 million fund-raising round last March that, as eToro’s representatives reported, it was destined to the platform’s extension to the new US market, blockchain R&D, and the digitization of its holdings. The company’s closest sources stated that the financing round included a company valorization of $800 million. The round was conducted by China Minsheng Financial and included Korea Investment Partners, SBI Group, and World Wide Invest participation.

eToro aims to bring more crypto enthusiasts to the platform by adding its own cryptocurrency wallet and cryptocurrency exchange

eToro was created in 2007 by brothers Yoni and Ronen Assia and David (Dudu) Ring. The online trading platform is officially described by its founders as a ” social network for investors” where traders are welcomed to trade commodities, securities and cryptocurrencies and permits traders to talk about their investments, observe what other investors are trading, and adapt or simply copy the more experienced traders’ investments strategies.

According to eToro statistics, the trading platform serves more than 10 million customers from over 140 countries.

According to the future eToro’s plans, the company aims to bring more crypto enthusiasts to the platform as its CEO and co-founder Yoni Assia admitted that eToro will launch its self-operated cryptocurrency wallet and cryptocurrency exchange. As reported, these two new features will be available by the end this year.

In the meantime, the US crypto enthusiasts can trade cryptocurrencies freely as eToro became official in the US.

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Crypto

Crypterium (CRPT) Cryptocurrency Acquired The Services Of The Ex-CEO Of VISA UK And Ireland, Marc O’Brien

The ex-Chief of VISA UK and Ireland, Marc O’Brien, has just come on board to the Crypterium (CRPT) team. This signifies that O’Brien will join the start-up of Crypto and steer it in the right direction forward to a scenario where Cryptocurrencies will be utilized for the day-to-day purchases for both goods and services, as foreseen in the Crypterium project in its whitepaper and extremely successful ICO.

Marc O’Brien is the ideal person to help Crypterium (CRPT) go to the Moon

Marc O’Brien brings more than 25 years of experience in finance, financial technology, and Regulatory technology. This signifies that Marc is the ideal candidate to lead the implementation of the Crypterium (CRPT) solutions and services in Europe where the project’s first goal is to build a store targeted towards 500 million Europeans.

Marc was employed by Visa UK and Ireland between 2008 and 2014 and was crucial in helping VISA’s business to grow from $250 million to $600 million.

He also started and directed the contactless technology initiative in the UK and with Transport for London from its earliest days to its deployment of multi-million dollar transactions.

I am delighted to join Crypterium at such an exciting time. I firmly believe that cryptocurrency is about to become widespread and we can be pioneers in turning Crypterium into a great business.

Marc O’Brien, the new CEO of Crypterium (CRPT)

With Marc O’Brien on board, Crypterium has everything it needs to become a great project

Speaking in terms of cryptocurrencies market performance, the Crypterium (CRPT) token has recorded some significant spikes in market value over the $1 level since the announcement of the new CEO has been made.

The Crypterium (CRPT) crypto is currently trading at $0.941 as the token has dropped by about 7% in the last 24 hours. At the moment, the token is only exchanged at a few cryptocurrency exchanges, with HitBTC being the largest of them.

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