NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Verge (XVG) Pumps on News of PornHub Abandoning PayPal

Published 11/15/2019, 03:14 AM
Updated 11/15/2019, 04:21 AM
 Verge (XVG) Pumps on News of PornHub Abandoning PayPal

It was the moment for Verge (XVG) to return to the spotlight. Back in 2018, XVG made a big noise around its partnership with PornHub, the leading adult site. The coin with anonymous options thus became a means of payment for the site.

But the utility of a crypto coin was only an exotic option at that point. Now, PornHub just gave a reason for more users to switch to XVG or other crypto options, as the PayPal channel was removed as a tool to transfer funds.

The news immediately caused an XVG pump, lifting the price move than 27% in a single day to $0.0049. XVG, however, remains illiquid and with risky trades, as well as usually slim volumes around $1 million per day...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.