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Pornhub Expands Crypto List to Welcome TRON (TRX) and ZenCash (ZEN)

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Pornhub, the 14th biggest website in the US, and 30th biggest website in the world has decided to expand its list of cryptos that can be used as a payment option. In addition to opening up to Verge earlier this year, one of the biggest Porn sites on the internet will now also accept TRON (TRX) and ZenCash (ZEN).

Pornhub adds two new cryptos as payment options

Pornhub is among the biggest websites on the Internet right now, with over 90 million users per day. This huge user base has recently got an option to pay for the site’s services via cryptocurrencies, after Pornhub entered a partnership with Verge back in April 2018.

Now, the company is looking to add more cryptos as payment options, and one of their choices includes TRON (TRX) and ZenCash (ZEN). TRON has experienced a lot of changes lately, with its founder, Justin Sun, continuing on the path that will lead this crypto to greatness. Thanks to Sun’s efforts, TRON has recently launched its MainNet, completed the token migration from Ethereum’s network to its own, and has even had the time to celebrate its Independence Day.

However, Sun’s ambition goes far beyond only that, and the founder of TRON simply doesn’t allow himself a moment of peace. Instead, he purchased BitTorrent for $118 million only days ago and has now managed to establish a partnership with Pornhub as well.

With the new partnership, TRON’s community, which is already extremely big, is only expected to increase even more.

Pornhub’s decision to add new cryptos comes as small surprise, considering that it already added its first one only a few months ago. The company has been known not to shy away from the new tech, and the acceptance of the three cryptos will make it active in the crypto market.

When it comes to Verge, it is a crypto dedicated to anonymity and untraceable transactions. TRON is a digital currency with focus on entertainment. And then, there is ZenCash, which also has a strong focus on online privacy and anonymous transactions that cannot be tracked.

Cryptos are popular and privacy-focused

Pornhub’s VP, Corey Price, stated that the decision was made partially due to the increase in popularity when it comes to decentralized payment systems. Due to their nature, cryptos match the needs of adult entertainment perfectly, since they provide privacy and anonymity to their users.

The decision to go for TRX and ZEN might have taken some crypto enthusiasts by surprise, considering that both of them are relatively new to the crypto world. Still, both are definitely rising coins, with TRX being at $0.0388 and a daily trading volume of more than $100 million. ZEN, on the other hand, is priced at $16.22. Its market cap is at $67 million, which is significantly less than TRON’s $2.5 billion, but both coins have their own strengths and advantages.

In the end, both are strong cryptos, that will only get stronger thanks to moves like this. If nothing else, they will definitely gain more exposure, and possibly even more users. In the meanwhile, the crypto-conquering continues with each new partnership like this, and the digital coins are entering more and more businesses with each passing day.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Thomas Hawk via Flickr

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How is the Crypto Market Changing?

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It has been around a month and a half since the start of 2019, and there are already some pretty obvious changes in the way the crypto market operates, especially when compared to the last year. Early 2018 was almost a complete opposite. The previous year started with cryptocurrencies at their strongest, only to see them crashing down after a few weeks. Back then, the ICO model was still quite strong, and so was the hype surrounding the crypto space. New investors kept entering the space, and new startups emerged with their tokens ready to be sold.

As the year progressed, things started to change. The prices continued to drop, the ICO model went down from around $1.4 billion in raised funds at the beginning of the year to only $100 million in the last month.

The ICO model lost investors’ trust, as many of the projects turned out to be either too weak to survive after the crypto winter struck, or scams which tricked investors out of their money and disappeared. Not to mention that the increase in ICOs popularity attracted the regulators who cracked down on them pretty hard, especially in the US.

With all of that happening, it is of a small surprise that the investors started giving up on ICOs, especially with the constant drops in prices which saw even the largest coins…

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Understanding the Uses of Different Types Of Cryptocurrencies

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Cryptocurrencies – a term which has become incredibly prominent in the mainstream media during recent years due to the proliferation of Bitcoin millionaires. As a result, the new form of currency has earned an almost infamous status. However, as with any major step forward, there is still much confusion regarding the use of cryptocurrencies, what different types of innovative electronic cash exist and what they might mean for the future.

We’re putting all of this to rest as we explain what each of the leading cryptocurrencies can do.

Bitcoin

The most popular form of cryptocurrency, Bitcoin was first thought up in 2008 by the elusive and still unknown creator, Satoshi Nakamoto, who published the whitepaper online.

It took almost a decade for the cryptocurrency to reach its peak, but in December 2017 a single Bitcoin roughly exchanged for the price of $17,000, meaning anyone who held a substantial amount of the electronic cash became significantly wealthy.

In its early years, the cryptocurrency was strictly used as an alternative for cash transactions, and predominantly for trading goods and services. However as it has increased in popularity, its range of uses has also widened, now deployed for a variety of purposes including acting as collateral for investments at merchant banks, a direct debit for subscriptions services and most notably for sports betting.

Ripple

Bitcoin’s closest source of competition, Ripple was founded…

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New DoJ Ruling May Cripple Gambling dApps

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A new decision made by the US Justice Department has expanded restrictions regarding online gambling in the US affecting gambling dApps. While the Federal Wire Act of 1961 prohibited online gambling regarding sports since 2011, the new decision expanded on this, and it now includes all forms of internet gambling. Unfortunately for many, this now also includes cryptocurrencies.

The new decision came due to considerable difficulties when it comes to guaranteeing that only interstate betting will take place and that payments will not be routed via different states.

The new announcement was explained in a 23-page-long opinion issued by the Department of Justice’s legal team, which pointed out that the 2011 decision misinterpreted the law. According to that decision, transferring funds was to be considered a violation, but data transfers were not included. By exploiting this oversight, it was possible for gamblers to turn to internet gambling. Unsurprisingly, many have realized this early on, including startups, as well as large, established firms. This, of course, also included cryptocurrency companies as well.

The new decision changes what is allowed online

The decision to include all forms of internet gambling is a massive hit in the…

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