Blockchain Report— 4/18/2018
Summary: Pornhub Accepts Verge Token For Cryptocurrency Payment; Cryptocurrency Exchange Kraken To Leave Japan Due To Rising Costs; A16Z And Founders Fund Invest $28 Million Into Blockchain Company Harbor
Pornhub Accepts Verge Token For Cryptocurrency Payment
In a blog post from Pornhub, the post states that Pornhub will be accepting Verge as a means of payment for Pornhub Premium, and other Pornhub services, for the entire platform.
In a statement given to Coindesk, Pornhub Vice President Corey Price stated:
“Not only is this an exciting announcement for us and the adult entertainment industry, it’s exciting for the crypto space. History has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Beta Max, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order.”
It should be interesting to see how this plays out in terms of acceptance of cryptocurrencies from other often-visited websites.
Cryptocurrency Exchange Kraken To Leave Japan Due To Rising Costs
According to CNBC, the extremely popular cryptocurrency exchange Kraken will be leaving Japan due to rising business costs. The exchange stated that the move would only affect Japanese residents, and not Japanese customers who are outside of Japan.
In a statement Kraken stated that “After we have had a chance to better catch up to our rapid growth, we will consider the possibility of resuming service for Japan residents.” They added that they will be focusing their resources to better service other geographical areas.
This is a huge deal considering that Kraken is one of the largest cryptocurrency exchanges used today — it’s the 10th largest by daily trading volume and is right behind GDAX.
The move might also have been spurred by regulatory pressure from officials, as Japanese regulators warned Binance last month for operating without a Japanese exchange license.
A16Z And Founders Fund Invest $28 Million Into Blockchain Company Harbor
According to TechCrunch, the blockchain-based startup Harbor has raised $28 million from Founders Fund, Andreesen Horowitz, Pantera Capital, and other investment funds.
The goal of Harbor is to help businesses legally issue cryptocurrency tokens that are representations of real-world assets such as real estate, startup equity, patents, and more. This could bring a massive amount of liquidity to what would otherwise be illiquid assets.
The tokens that Harbor creates would be ERC20 tokens, so they can be traded on decentralized exchanges and stored in popular digital wallets.
Harbor has some significant competition, including startups Polymath and tZero.
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