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

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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

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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