Verge to Join Forces with TokenPay

Additionally, hard fork was implemeted successfully; these news had great implact onto XVG price
09 April 2018   493

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 

Japan to Tighten Regulation Due to Zaif Hack

$ 62 000 000 worth cryptocurrency was stolen from the Zaif exchange few weeks ago
25 September 2018   70

Hacking of Zaif exchange is the reason for toughening control over the market by the financial regulator of Japan, Reuters reports.

The first measure taken was administrative sanctions against the exchange and its operator Tech Bureau Corp. The Financial Services Agency (FSA) has expanded the list of requirements for the latter, pointing out the need to identify preventive measures and search for the organizers of the theft.

Shortly before that, researchers of the Japanese financial company Tech Bureau Corp could not provide details of the theft of $ 62 million from the Zaif crypto exchange at the request of the FSA. The Osaka-based operator had to investigate the causes, consequences of the theft and options for compensating the victims. According to the Agency, the financial company could not cope with the task.

According to the Tech Bureau, the exchange was hacked on September 14 within a few hours. The problem with the server was discovered by the site staff on 17 September. Official confirmation of the incident and notification of the authorities was made only a day later.

Recall, the theft of $ 60 million from the Japanese stock exchange Zaif caused a surge of volatility of bitcoin. For a short time the price was able to overcome the distance of $ 400.