🔞Verge Loves Porn 🖼️Pretty Pictures — Cryptos for the Rest of Us

The rally continues with markets up broadly. Ripple on a tear +20% in the last 24 hours alone, although it’s still trading at $0.86 from a high of $3.4!


❤️ Verge Loves Porn

What’s the Story?

Pornhub announced that they would be accepting Verge as a method of payment. Pornhub is the largest pornographic website in the world. Verge hyped up this ‘mystery partnership’ weeks in advance. As part of this effort, they asked supporters to donate up to US$3,000,000 to make the partnership happen.

What’s Verge?

Verge (XVG) is a privacy-focused cryptocurrency designed to help instant, anonymous transactions. Unlike Bitcoin, where all transactions are public, all transactions in Verge are anonymous. Any identifying data such as IP addresses and geolocation are all hidden.

Since the fundraising Verge has faced a lot of criticism. Red flags rose when they moved money from the fundraising account to Binance. Presumably for liquidation. When asked about it they said it was to pay for integration with Ledger, a hardware wallet.

Yet the Ledger team said nobody was working on Verge integration. This raised fears that Verge was about to exit scam with the money from the fundraiser.

While it’s still unclear what happened with Ledger, at least the partnership with Pornhub is real.

Here’s the official Pornhub announcement video. Somewhat safe for work…!

Why Should I Care?

For better or for worse, the pornographic industry has always been an early adopter of new technologies.

The industry pioneered technologies like video streaming, content organisation systems, and digital marketing. Adopting technologies like Virtual Reality and cryptocurrencies are a natural next step.

Being privacy-focused, Verge makes perfect sense for Pornhub.

It’s easy tog et excited about events like this. But it’s worth bearing in mind that this could fail to get any traction too.

🗞️ News Roundup

Kraken cryptocurrency exchange says it will not comply with NY inquiry

www.cnbc.com

The New York general attorney sent a request for information to Kraken giving them 2 weeks to comply.

The resource diversion for this production is massive. This is going to completely blow up our roadmap!

— Kraken co-founder and CEO Jesse Powell

For what it’s worth, Kraken moved out from New York to San Francisco three years ago.

Bitcoin Declared Halal for Muslims

Bitcoin market opens to 1.6 billion muslims as cryptocurrency declared halal under Islamic law

A prominent Muslim scholar announced that Bitcoin was fit for Islamic finance. Some hype follows as it could open the market up to the 1.6 billion Muslim individuals in the world. But most likely many of these people were buying anyway. More importantly, it opens up the possibility for Islamic institutional investment money to enter the market.

Confirmed: Yahoo Japan buying stake in exchange bitArg

Yahoo Japan to buy minority stake in cryptocurrency exchange — Reuters

Yahoo Japan Corp said on Friday it would buy a minority stake in a Tokyo-based cryptocurrency exchange bitArg. Nikkei reported this a month ago but the bitArg team denied the report. Presumably, the deal hadn’t closed yet and they didn’t want to jeopardise it.

Coinbase buys Earn.com and makes CEO Balaji Srinivasan its first CTO

techcrunch.com 
 Coinbase, the prominent cryptocurrency exchange, has announced its most significant piece of M&A to date after it agreed to buy Earn.com, the U.S. startup that uses the blockchain for its paid-email service, in a deal worth more than $120 million. In addition, Coinbase has appointed Earn.com co-founder and CEO Balaji Srinivasan as its first CTO, while the rest of the team will transition over, too.

🖼️ Pretty Pictures

You can buy property with Bitcoin in Venice…
…and Gibraltar
Peak-to-trough price drops for cryptos…
…and how much people talk about holding (HODL = hold)

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