Verge to Join Forces with TokenPay

Additionally, hard fork was implemeted successfully; these news had great implact onto XVG price
09 April 2018   580

Verge announced the strengthening of relations with the operator of the TokenPay payment system, which helped it collect the $ 3 million needed to conclude this agreement. In its Twitter, TokenPay writes that with a high degree of confidence can claim about the imminent launch of debit cards with support for XVG.

TokenPay and Verge
TokenPay and Verge

It is also worth noting that Verge team had successfully implemented the hardfork, as a response to recent hack. Currently, blockchain explorers do not show any suspicious activity on the Verge network. Users noted that after the fork on the block, 2040000 exploit with a time stamp offset no longer works.

Developers did not roll back the transaction history, therefore the volume of Verge's emission increased faster than planned. Fortunately, Verge already has a fairly large number of coins in circulation, which smoothes out the negative impact of the latest incident. 

These news had great implact onto XVG price. It rose for 15% in 24 hours.

Verge Price Chart
Verge Price Chart

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

  • Average Price: $0,073038
  • 24h Volume: $102 456 000
  • Market Cap: $1 084 853 219 

Brazilian Central Bank to Issue Stablecoin

According to participants of the project, the issue of the BNDES coin will help restore public confidence in Brazilian state banks
17 December 2018   68

The state-owned Brazilian National Social Development Bank intends to issue a cryptocurrency token tied to the Brazilian real. It is reported by CoinDesk.

The pilot project for the production of a token BNDES based on Ethereum will start in January next year. At first, the coin will be used to finance cultural institutions. In particular, the bank will allocate a certain number of new tokens to the local cinema agency.

As the newspaper notes, the bank conducted experiments with steyblecoin throughout 2018. The consultant of the project for the release of a new “stable coin” will be the well-known Ethereum start-up ConsenSys.

According to representatives of the bank, the issue of the BNDES coin will help restore public confidence in Brazilian state banks, which are often criticized due to corruption scandals.

Also, the bank is confident that in the future, stablecoin can be used to finance organizations and projects from various fields.

Note that recently in Brazil there has been a trend towards liberalization of the regulation of cryptoindustry. For example, in October, the Brazilian Securities Commission allowed local investment companies to invest in a cryptocurrency ecosystem through the acquisition of derivatives and shares in foreign funds. It is noteworthy that at the beginning of the year the same financial regulator announced the prohibition of both direct investment in cryptocurrency and indirect investment through intermediaries in the person of foreign companies.