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Verge Prices Notes Some Impressive Gains Compared to Bitcoin

It may turn out to be a semi-decent weekend for cryptocurrency traders after all. Even though most markets are stuck in sideways momentum, by the look of things, others are popping. The Verge price, for example, notes a very strong 36% increase in value over the past 24 hours. It is evident there is a lot of attention for any currency focusing on privacy and anonymity as of right now.

Verge Price is Soaring High

It is always interesting to see how the cryptocurrency markets evolve during the weekend. This particular period is notorious for awkward trading trends and market movements which make virtually no sense whatsoever. This weekend seems to be a bit more normal, which is rather peculiar in its own right. With the Verge price firing on all cylinders as we speak, it is evident there’s some good money to be made during these interesting times.

More specifically, the Verge price is currently $0.086. That is quite a healthy increase compared to about two weeks ago, even though it’s far removed from the all-time high of over $0.2. As most cryptocurrency markets are still recovering from the rough start to 2018, it is not surprising to see even the Verge price remaining a lot lower than some people would like. As such, the current Verge price is in a good place, when looking at the bigger picture.

This 36% increase in Verge price is also a direct result of strong gains over Bitcoin itself. With a nice 26% increase in the XVG/BTC ratio, it has become rather evident altcoins are looking to recover their lost ground against Bitcoin first and foremost. For Verge holders, this current trend is quite positive, but it is doubtful such momentum can be sustained for longer than a few hours. Then again, stranger things have happened in this industry.

With over $303m in 24-hour trading volume for Verge, this altcoin is certainly in high demand as of right now. We live in an era where governments and banks are removing any financial privacy users can achieve, which is a major problem As such, there is a growing demand for privacy and anonymity, even in the world of cryptocurrency. Whether or not this volume will remain stable or potentially even increase later today and tomorrow, has yet to be determined.

Unsurprisingly, the Binance users are determined to push the Verge price up even further. With $123.6m in volume with their BTC pair and another $21.1m n the ETH market, is evident Binance is the place to be right now. Upbit and Bittrex are also in the top three, yet none of the top three platforms offer a fiat currency gateway. The first fiat market is Litebit’s EUR pair, which generates just under $565,000. Once Verge gets actual proper fiat currency pairs, things will undoubtedly get very interesting.

For now, it remains to be seen what the future holds for the Verge price. This current uptrend will eventually calm down again, and those looking to cash out profits may want to consider doing so now or in the next few hours. It’s not impossible the Verge price may climb a bit higher, but all good things eventually come to an end, especially in the cryptocurrency industry.

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Police Arrest Four Ukrainians for Running Fake Cryptocurrency Exchanges

Law enforcement in Ukraine has arrested four young men who were running at least six fake cryptocurrency exchanges. The cryptocurrency sphere is an exciting space, and many people are eager to begin buying and selling virtual currencies. However, such an influx of money and inexperienced newcomers also bring out the criminal element, seeking to gain funds at the expense of those new to the space. Scams abound, but police in Ukraine have done their part by arresting some individuals who ran a number of fake cryptocurrency exchanges. Using Programming Skills to Set up Scams In the city of Dnipro, Ukraine, police announced that they had arrested four men between the ages of 20 and 26. The quartet had set up a number of fake cryptocurrency exchanges. Police know of six fake exchanges that they operated, but there is a definite possibility that there may be more. The six fake exchanges include: moneycraft.info, wowex.online, swapex.net, myexchanger.lv, iconvex.net, and likechange.biz. Police say that the criminals had “special knowledge and skills in the field of programming” and “have created their own CMS-system for managing the content of exchange sites.” Unsure of Amount Stolen Police are asking those who were scammed by the fake cryptocurrency exchanges to come forward and file complaints. As of now, law enforcement does not know exactly how much the four men were able to steal from their victims. Police may be able to glean such information from the equipment that was seized during the arrests. It was reported that flash drives, computers, smartphones, and other equipment were confiscated when police raided the homes of the four men. The reality is that crime and scams are rampant in the cryptocurrency sphere. One should always do due diligence before spending any money. The world of virtual currencies is still akin to that of the Wild West, which means that danger is just as close as excitement and opportunity. Have you ever been scammed by a fake exchange, wallet, or ICO? Let us know in the comments below. Images courtesy of Shutterstock. The post Police Arrest Four Ukrainians for Running Fake Cryptocurrency Exchanges appeared first on Bitcoin Network, News, Charts, Guides & Analysis.

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