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There is a quiet but nonetheless impactful divergence taking place in the global cryptocurrency payments landscape, with Pornhub declaring that it will replace Tether (USDT) with USD Coin (USDC) for payouts to creators. Based on internal communications leaked a few days ago, this is not simply another gradual update; it showcases one way that stablecoins … Read more
Speaking on OnlyFans’ ban on adult content, founder and CEO Tim Stokely explained the banks were the only reason behind the policy change. Go to Source Powered by WPeMatico
The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment network that allegedly fund hate groups and extremism. Paypal to Study Transactions With the Anti-Defamation League A report from Reuters notes that Paypal is studying … Read more
According to various reports, the cryptocurrency network Verge has suffered a 51% attack that led to a massive 560,000+ block reorganization. Analysts believe the Verge network attack could be the deepest blockchain reorganization (reorg) in history with roughly 200 days worth of verge transactions wiped. Reports Show Verge Network Experienced a Massive 560,000+ Blocks Reorg … Read more
Adult webcam streaming websites are getting a boost from pandemic lockdowns. Go to Source Powered by WPeMatico
During the first week of September, the world’s largest adult web portal Pornhub expanded its payment options by adding bitcoin and support for three other cryptocurrencies. However, after Mastercard and Visa severed ties with Pornhub last week, the company’s premium services payment processor now defaults to cryptocurrency only. Pornhub is by far the largest adult … Read more
The popular payment provider Paypal has been known for cutting off a number of merchants and organizations over the years. This week, the public found out that Paypal has been censoring merchants that sell items related to the name “tardigrade” just because a Balkan arms dealer uses the same name. The story shows just how … Read more
An international campaign calling on credit card companies to block payments to porn sites could lead to a huge wave of new cryptocurrency adopters. Go to Source Powered by WPeMatico
Porn sites have been experiencing increased traffic as the number of people under lockdown or quarantine rises due to the coronavirus pandemic. Many of these sites accept cryptocurrencies, including Pornhub. The popular porn site currently offers residents of some countries free premium membership for a limited time to help them stay home during the covid-19 … Read more
The porn industry is seen by many as a perfect fit for widespread cryptocurrency usage as it suffers from financial censorship far more than most businesses. When Paypal stopped servicing Pornhub models, the company hinted it might turn to digital currency as an alternative and now this has been accomplished with the Tether stablecoin USDT. … Read more