With the regulatory noose tightening around the cryptocurrency industry, many investors are turning to privacy-focused cryptos that are immune to legislative interference. There are a number of cryptos out there that focus on anonymity, but Verge is the only crypto that incorporates identify obfuscation technologies such as Tor and i2p to protect user privacy. Verge (XVG), like Bitcoin and other cryptocurrencies, focuses on decentralization, immutability, globality, and speed. Unlike other …
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Vitalik Buterin, the creator of the Ethereum Network, recently proposed a new method for decentralized fundraising called the “DAICO”. Incorporating elements of Decentralized Autonomous Organizations, or DAOs, the new model is designed to minimize the complexity and risk associated with ICOs. Buterin outlined the new model in a post on the Ethereum Research Forum entitled “Explanation of DAICOs”. In the exposition, the Russian-Canadian programmer outlines a new model that integrates characteristics …
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The Chinese government appears to be preparing for resumed cryptocurrency trading in the near future through the implementation of licensing programs and anti-money laundering (AML) systems. China state news agency Xinhua recently issued a statement denouncing cryptocurrency, labeling it a tool used by members of criminal organizations to facilitate illegal activities. The state-endorsed editorial piece by reporter Pan Ye advocates a “zero tolerance” approach to cryptocurrency-related crime, but includes a …
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