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Another breakthrough for Tron: Pornhub to accept TRX soon

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Pornhub, one of the largest X-rated video sites, expands its virtual currency payment options announcing they will be soon accepting Tron (TRX). In recent times, Tron (TRX) has been making headlines for many reasons, but mainly for purchasing the file-sharing giant, BitTorrent for a whopping $118 million (in cash). Tron CEO and founder, Justin Sun, intends to use the file-sharing giant, BitTorrent for expanding Tron’s tentacles in the technology market. According to a press release by Tron,

“Tron aims to be a decentralized entertainment content-sharing platform eventually leveraging blockchain and peer-to-peer network technology.”

Justin Sun’s deal with the adult entertainment site, Pornhub that boasts of having a daily users count of more than 90 million across the world is expected to build a strong customer base for the virtual currency.

Despite representatives from the Tron foundation declining to reveal the purchasing price for BitTorrent, it is rumored Justin Sun had to part ways with $118 million US dollars for 2004 launched BitTorrent. The peer-to-peer (P2P) software company is famous for being used by individuals as well as corporate users like DCM Ventures and Accel Partners to pirate software and evading buying premium genuine software copies.

It also seems like Pornhub is warming up to virtual currencies as it plans on adding ZenCash too as another virtual currency payment mode for its users. This follows a recent media release that the adult site was accepting a virtual currency that permits unidentified payments by hiding the location and IP addresses of its consumers. Shortly, users could use both Tron and Zencash can to make payments and subscribe to Pornhub premium services that include the adult site’s Premium streaming service as well as its advertising network and traffic.

In a recent media statement given to Variety (the very first site to break Tron Pornhub partnership), Corey Price, Pornhub Vice President disclosed:

“Today, virtual currencies are especially viable in the adult entertainment industry because they are privacy-centric and incorporate more anonymity tools than traditional tender. Decentralized payment systems have continued to grow in popularity, and cryptocurrency adoption is exploding across a broad economic spectrum.”

Following closely what Tron (TRX) has been doing, we are left to wonder, does Justin Sun ever sleeps? And if he does how many hours of sleep does he get?

https://twitter.com/JUSTlNSUNTRON__/status/1011782074716614658

The reason for asking these questions is due to the fact Tron foundation has been announcing one partnership after another ever since the beginning of the year and beyond.

We all know by now that Tron (TRX) as a blockchain aims to innovate and decentralize the default internet gaming and entertainment market that is estimated to be over $150 billion US dollars by strengthening the relationship and bringing global gamers, developers, and content creators closer together with their users.

Tron foundation CEO and founder, Justin Sun, continues to be a vocal personality at endorsing blockchain technology as the fortune of commerce and trade.

Although Tron’s prices are not yet reflecting what the digital token has been able to accomplish over previous few months, the blockchain network is laying a strong foundation for an excellent virtual coinage with near-limitless possibilities through its Main Net, Odyssey.

As things stand, Tron continues to solidify their investor base confidence as each day that passes with entire credits going to Tron team, and of course, Justin Sun who is working round the clock to take Tron to the moon.

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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 Pxhere.com

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Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming

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As games migrate to the blockchain and become increasingly complex, Ludos Protocol is set to capture this new market. It’s creating a solid ecosystem of DApps and toolboxes that provide Blockchain as a Service for developers to build and maintain sidechains.

Ludos Protocol solves one of the biggest issues that has given investors qualms about blockchain gaming: scalability. An overcrowded mainchain is a perennial problem that has hindered the progress of even the best-funded blockchain gaming applications. Thanks to a hybrid of Proof-of-Work and Proof-of-Stake consensus algorithms, Ludos Protocol is able to implement a multi-sidechain system. This allows any populated game to deploy its own sidechain of transactions while keeping the mainchain throughput at a minimum.

This is why Ludos Protocol has attracted investment from fund behemoth Softbank, whose previous ventures include Uber and Alibaba. Ludos Protocol is the fund’s third-ever foray into blockchain.  

Industry trends attest to Softbank’s interest in Ludos Protocol. Gaming produced a global revenue of over $200 billion in 2017, according to the latest report by Digi-Capital. It is a figure that is expected to grow to $300 billion by 2021, making the industry one of the most lucrative in the digital economy. It is also one of the ripest for change by blockchain technology. The development of a comprehensive blockchain infrastructure that suits the evolving needs of the…

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Why Investors Should Closely Follow the Earnings Season

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The earnings season has arrived, and investors around the world are excited to see what reports are companies going to publish. This is important as these reports contain companies’ earnings for the current year, which can provide investors with some valuable insight.

No matter what announcements the company has made throughout the year, it is the earnings report that indicates the firm’s true performance. As such, it often has a significant impact on its public image, the price of its stocks, as well as investors’ interest.

Earnings reports can open up new opportunities

When it comes to the cryptocurrency markets, 2018 has brought both, volatility and stability. Most of the time, prices were relatively stable, but this state was only reached after a harsh drop in January 2018. Since then, several smaller price surges, followed by just as large price drops, hit the market once again.

As a result, crypto traders were prompted to look for alternative investments. Earnings seasons often present numerous opportunities for resourceful investors. Analysts claim that earning reports managed to significantly impact prices of shares (by over 5%) since 2001.

It is expected that a lot of companies will try to take advantage of the earnings season in order to make a comeback, especially after the hit that markets suffered back in October. Various firms will also likely show insight into how the market behavior affected their profits and business, in general.

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TokenPay Litecoin Verge
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Ever since the cryptocurrency sphere was met with the news of the partnership between Litecoin Foundation, TokenPay, and Verge (XVG), the idea of them coming together has been among the most controversial news to ever surface in the cryptocurrency world.

The collaboration managed to even draw the attention of one of the most renowned crypto-influencer and bitcoin campaigner, Tone Vays. In his usual style, Tone took to Twitter handle on hearing the news, tweeting and expressing his disapproval while criticizing the creators of the three cryptocurrencies for allowing such a move to occur.

In retaliation to the attacks from Tone, Charlie Lee, the MD, and founder of Litecoin (LTC) posted his clarification on Reddit on the 17th July in regards to the partnership. Litecoin’s CEO started by explaining the dissimilarities between Litecoin as a currency and Litecoin as a company.

In his remarks, he said that Litecoin as a blockchain and crypto network is a decentralized network, whereas Litecoin Foundation as a company is a centralized non-profit institution whose goal is to ensure Litecoin (LTC) is developed, adopted, and used. Charlie also mentioned that Litecoin’s cryptocurrency and blockchain technologies did not require his direct services at the moment hence his concentration on Litecoin Foundation.

Charlie Lee made his remarks known saying:

“If Litecoin Foundation (LF) is exposed to not doing a good job, nothing should prevent another organisation to step in and do a better job. This is…

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