Vericoin to Open CryptoBank, Pay Interest to Users
When credit cards were introduced to the mass market in the early1960's it was very difficult to get the general public interested. Interest rates were sky high and perks were non-existent. By the mid 1970's however banks were beginning to realize that you have to give something to get something and bonuses and other rewards started to enter the scene. When checking accounts first appeared there was no interest-building possible. The only way to build interest was to either open a savings account or invest in CD's or Money Market. When banks began offering interest bearing checking....
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Vericoin is today's Random Coin of the Day. I chose Vericoin for its unique outlook on decentralization of PoS (Proof of Stake) within its network. Vericoin uses VeriSMS and VeriBit for this purpose, where VeriSMS allows users to store Vericoin using SMS and withdraw it later, and VeriBit allows you to pay companies accepting Bitcoin, with Vericoin. VeriSMS is capable of being spoofed and hackers can withdraw your Vericoin to their address. Vericoin advises users of this service to not store large amounts of Vericoin through it. Vericoin is quick to the draw when problems occur with their....
Mintpal, a popular altcoin exchange, has been hacked. In their official announcement of the matter, they revealed that the hacker specifically targeted Mintpal's large VeriCoin holdings. Mintpal was in control of 30% of existing VeriCoin, all of which was stolen by a yet unidentified hacker. Mintpal has emphasized to its users that they are still processing withdrawals for all other coins; however, they have not revealed the exact vector of the attack. Mintpal and other VRC exchanges have worked directly with VeriCoin developers to come up with a seemingly satisfactory solution for all....
This marks the first installment of the CCN Weekly Altcoin News Update, which will profile altcoin news stories that have flown under-the-radar, but deserve coverage. This week's update examines the impressive rise of the Vericoin price, the introduction of Cryptsy USD markets, and a new Peercoin marketing campaign crowdsourced by the community. Vericoin Price Rises Dramatically. Most altcoins are little more than carbon copies of Bitcoin or another popular cryptocurrency. However, Vericoin offers a host of unique features such as Veribit, which enables users to spend Vericoins at stores....
Vericoin developers unveiled their newest feature and technological advancement to their community yesterday: VeriBit. The service accepts Vericoin payments for Bitcoin transactions, allowing users of the currency to utilize it immediately. The developers are looking to give people a reason to pay attention to their coin right out of the gate and the markets are reacting accordingly. CCN. VeriBit allows users to take the Bitcoin address they plan to send payment to and generates a separate Vericoin address that users send Vericoin toward. Once the Vericoin is sent the address will change....
Vericoin is a coin that has received much interest in the past few days due to many plans being teased by the developer Patrick Nosker. As I always say, an active developer, innovation, and a community is what you need for your coin to succeed. Fortunately, Vericoin has all three of these aspects. The coin’s developer Patrick Nosker is very active, and not only that, he is a gifted programmer with abilities some developers aren’t able to imagine of. Having someone as talented as Patrick, innovation is a given, and Patrick has teased many features that will be implemented in Vericoin, the....