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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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