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Pornhub needs to accept real and top cryptos, says Litecoin creator

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Litecoin
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Currently, the hottest news in the crypto market is the partnership between Verge and PornHub. With this announcement, the adult entertainment industry giant, PornHub, will start accepting crypto payments from now onwards.

As soon as the partnership announcement was made, XVG (Verge) witnessed a fall in its price as investors who did not approve such a partnership suddenly decided to drop acquiring the currency.

However, this dip was momentary as the coin suddenly regained its value. Subsequently, many discussions regarding this partnership have also captured attention to the cryptocurrency, and this, in turn, has boosted its value in the market.

So, after this exciting pact was made official, folks all over the internet spoke their minds on this deal. One of the wittiest comments came from Charlie Lee, the creator of LTC. He put up a chucklesome statement on his Twitter account, being:

His sarcastic response to PornHub telling them that they need to start accepting real and more prominent cryptos like Bitcoin and Litecoin seems to have gone viral.

Charlie also commented on the way Verge has spent money and earned the partnership. He was entirely against this step taken by them and even called it an act of bribery.

On this note, XVG has actually raised more than 70 million (75 to be exact) tokens out of which Token Pay donated the most.

Charlie said,

It’s a step forward, but having to buy a partner is not a good precedent. Merchants shouldn’t need to be bribed…”

He also hopes that the site will soon start accepting other (and in fact, bigger) coins. According to him, it is not feasible for users to buy XVG for the sole reason of spending it on PornHuub. Derek Capo, the CEO of Token Pay reacted to Charlie’s tweet and called him out for ‘shilling LTC’ to the Verge’s partner PornHub.

Indeed, the partnership between Verge and PornHub seems to be a smart move. However, most crypto experts have mentioned that it is not ideal for the site to accept only one coin. Rather, they must be open to receiving other digital currencies as well.

Before the partnership happened, Verge had officially made an announcement to the crypto market about their idea of partnership. The message that was passed on stated that the company is looking forward to gaining a huge tie-up with a “global organization”.

They also mentioned that the “global organization” has a massive network and high traffic, and they will be using the donations to start a promotion campaign over many networks as well.

Of course, the crypto audience was quite curious to learn more about this global partnership. The company even stated that the mystery partnership would be announced on a particular date, but then they had to postpone it.

However, when the announcement regarding the partnership was made, hardly anyone thought about PornHub. And so the news was a shock to the entire market, and understandably many feedbacks were received, both positive and negative; though, Charlie Lee’s comments seem to have gone viral than all!

We will be updating our subscribers as soon as we know more. For the latest on ETH, sign up for our Telegram!

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

Altcoins

SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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