Privacy Coin Verge Twitter Hacked

Hacker claimed that 1 billion of XVG coins were stolen
15 March 2018   998

Verge, a cryptocoin that claims “advanced privacy as a choice”, had its Twitter account hacked. The attacker attempted to scam them out of verge (XVG) coins. By the time the account had been restored, the price of XVG had fallen in value. This is reported by Coindesk.

After team managed to get the account back, they blamed the AT&T, said the that compnay managed to get "socially engineered".

After the hack, account posted this:

Verge Twitter
Verge Twitter

It is impossible to check were the coins stolen. The Verge community quickly suggested that the attacker acted because they had felt “threatened” by the altcoin’s ascendancy. They also blamed Twitter for the hack.

This is situation had huge negative effect onto Verge's price.

Verge Price Chart
Verge Price Chart

At the moment of press, these are the main XVG market parameters:

  • Average price: $0,028972
  • Market cap: $426 211 822 USD 
  • 24h Volume: $9 253 360 USD 

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.