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New Addition to Crypto Space

Pornhub accepting Verge (XVG): The adult entertainment industry has taken a liking to cryptocurrency space. That’s not new information, though. In fact, we’ve known about the industry’s interest since the start of last month, when Play Enterprises disclosed that it would be creating an online crypto wallet.  The latest in the adult entertainment sector to join the crypto industry, however, is Pornhub. By now, most of the masses are aware of the Pornhub accepting Verge as payment news circulating around. And considering Pornhub is one of the most trafficked websites in the world, there are bound to be some major waves made in both industries.  Pornhub Moves into Crypto Space  On Tuesday, news broke that Pornhub will now be accepting Verge (XVG), a cryptocurrency, as a form of payment. The announcement came in the form of a blog post, with the platform saying that its premium services will start to accept cryptocurrency Verge (XVG). Reportedly, there will be events in Silicon Valley and New York City to kick off Pornhubs latest venture.  According to Corey Price, Pornhub VP, the partnership between Pornhub and Verge (XVG) is going to beneficial for the adult entertainment industry, as well as the cryptocurrency industry. Why? …

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TRON [TRX] Latest | $1 Million USD Programming Contest

TRON [TRX] – The Tron Foundation is full steam ahead, as May 31st is just 6 weeks away. Recently, Justin Sun, Tron’s Founder announced that they would be initiating Project Genesis. During our testnet launch, I announced that 1 Billion USD will be dedicated to the #TRON community rewards program. Now that number is 2 Billion! Welcome to Project Genesis. #TronPG $TRX #TRX pic.twitter.com/048Vu1OipT — Justin Sun (@justinsuntron) April 14, 2018 Later this week, I have an exclusive interview scheduled with Mr. Sun and he will provide more info and details on this 2 Billion USD rewards program, straight from the source – stay tuned. 8 hours ago, the Tron Foundation announced the details of the programming contest, worth $1 Million USD. $TRX #TRX The #TRON Programming Contest starts to recieve applications from 17 of April 2018! For more details please refer to the link below. Please take THIS as the final standard of Contest Timeline. @justinsuntron #TRONSRhttps://t.co/2EfrsbVln4 pic.twitter.com/8iSPfh0Iyt — Tron Foundation (@Tronfoundation) April 17, 2018 They will start accepting applications on April 20th, 2017 and will run until May 20th. Developers can apply and participate in the competition individually or in a team but each individual/team can only participate …

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Bitcoin News Summary – Apr 16, 2018

Here’s what happened this week in Bitcoin in 99 seconds.     Samsung has confirmed that it is providing chips to mine bitcoin, ether and assorted cryptocurrencies for hardware manufacturer Halong Mining. Halong Mining has remained relatively quiet regarding its new relationship, though its first miner, the Dragonmint T1, is already available for purchase. The T1 is believed to stand among the world’s most efficient miners, purportedly beating out Bitmain’s Antminer S9. European countries join forces to cooperate on blockchain regulation and education. In a press release issued by the states, it was said that The European Blockchain Partnership “will be a vehicle for cooperation amongst the Member States to exchange experience and expertise in technical and regulatory fields.” A week after the reserve bank of India banned the Indian banks from extending their services to cryptocurrency exchanges, Indian cryptocurrency exchange Coinsecure has reported that 438.318 Bitcoin, worth $3.5 Mn has been stolen from its platform. The company has halted the exchange operations, as the police seized the company’s servers. San Francisco-based Pantera Capital Management called $6,500 the probable low for bitcoin in the current bear market. The investment firm also said it was “highly likely” that bitcoin will hit …

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Barclays Testing the Waters for a Cryptocurrency Trading Desk

Finance While the big banks are usually very skeptical of bitcoin in public, below the radar they could all already be making plans to gain a foothold for themselves in the ecosystem. The latest example is Barclays that is reportedly asking clients about a possible move into the crypto trading space.  Also Read: Coinbase Acquires Earn.com for an Estimated $100 Million Testing the Waters British banking giant Barclays (LSE: BARC) is supposedly considering launching a cryptocurrency trading desk. The bank is trying to figure out if there is enough demand from its clients including hedge funds, big investors and the like for it to enter this new line of business. This would make Barclays the first major bank in London to offer such a service. Although the bank says it still has no specific plans to launch a cryptocurrency trading desk, sources have revealed it has conducted a preliminary assessment of demand and feasibility. “We constantly monitor developments in the digital currency space and will continue to have a dialog with our clients on their needs and intentions in this market,” spokesman Andrew Smith said in a statement to Bloomberg. High Demand If Barclays doesn’t encounter a …

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Pigzbe – A New Crypto App for Children

The cryptomarket has entered most sectors – from charity to gaming to banking, the use of blockchain and cryptocurrencies have been incorporated in many areas. However, there has been one sector left out (perhaps because of legal fears); the market for children. Children and cryptocurrency is a taboo that many have refrained from discussing, but nevertheless, a team of developers and designers have created Pigzbe: “A piggy-wallet powered by Wollo, a family-friendly cryptocurrency.”     The main goal is to allow children to develop in a safe environment that lets them experience an approach to the reality of cryptos without the corresponding risks associated with this type of investment. According to the website, Pigzbe has several uses: For the family: Sending money to the children’s wallet securely. A reward program which deposits coins to the child’s wallet after they meet certain objections. Management of children’s pocket money allowance with regular Wollo transfers. A micro-finance network among family members. All the while, the child benefits by: Participation in an environment that promotes saving. The training and education the app provides internally. Buying goods in the real world with their acquired tokens, subject to prior authorization of the parents. The idea for this type of …

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xGoogler Blockchain Alliance | Former Google Employees Start Blockchain

There are a lot of people hopping on the Blockchain bandwagon. That’s not necessarily a bad thing, though. After all, blockchain technology has a number of benefits. In fact, people are even claiming the decentralized technology could help solve the ongoing data crisis. Whether or not that’s true, people have continued to move into the blockchain sphere. And the latest to do so? Three former Google employees who have now created the xGoogler Blockchain Alliance. xGoogler Blockchain Alliance – Former Google Employees Move into Blockchain Yesterday, reports surfaced that three former Google employees created a blockchain community. This is significant news for two reasons, in particular. First and foremost, these are people who used to work at Google, one of the largest technology companies in the world. This means all three have extensive backgrounds working in technology. This should prove to help its blockchain community in the long-run. Secondly, in the past, Google has voiced various opinions on the technology, never clearly indicating where it stands in the conversation. For instance, in March, Google disclosed that it will be placing a ban on all advertising on Google Adwords that is cryptocurrency-oriented. Then, to make matters confusing, the California-based tech giant …

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What is a Cryptocurrency? A Beginner’s Explanation

Last updated on April 15th, 2018 at 01:23 pm The term “cryptocurrency” is a contraction of “cryptographic currency”. It was included as a new word in the Merriam-Webster Dictionary in March 2018, according to an announcement by the company. Their definition is as follows: cryptocurrency noun cryp·to·cur·ren·cy   ˌkrip-tō-ˈkər-ən(t)-sē , -ˈkə-rən(t)-sē : any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions. First Known Use: 1990 This isn’t a bad definition – apart from the word “usually” and the obscuration of the fact that recording of transactions and management of issuance also relies on cryptography. The stated “decentralized system” behind transaction recording and issuance management is, of course, the blockchain. As the name implies, cryptography is first and foremost in a cryptocurrency. Transactions are only recorded if they meet the network rules, which are defined in the code run by both relaying and mining nodes. Blocks are only included in the blockchain through some form of proof of work, which depends upon a cryptographic process. Similarly, …

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The Government Dilemma: How To Tax Something One Pretends Does Not Exist

Op-Ed Cryptocurrencies are often criticized for failing to replicate some of the basic functions of fiat money. Governments are always ready to warn you that you can’t spend, or save, or trade, or make digital coins. This state of mind, however, is slowly but surely changing, as more benefits become apparent. Paying, saving, investing – bitcoin can serve all these purposes, and sometimes that happens with approval from authorities.   Also read: These Countries Won’t Tax Your Bitcoins Too Much Failing to Be Fiat, Proving to be Money Policy makers and central bankers often claim that cryptos are unable to perform basic functions of fiat money – means of payment, medium of exchange, store of value, and unit of account. Many times, however, they acknowledge one or more of these characteristics, especially when that serves their priorities. Filling the coffers is one such priority, if not the main one, for just about any government. Taxes are the major source of budget revenues for most countries with open market economies. Last year’s record highs have put cryptocurrencies in the spotlight of this year’s tax campaign. But how do they tax something they pretend does not exist, or exists …

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Brian Kelly Predicts Huge Growth for Bitcoin

Analysts are optimistic about the future of Bitcoin price: Bitcoin price (BTC) traded in the green during the weekend, and the largest coin added $1400 to its price last week.  The latest bull-run continues to receive support from bullish sentiments; bulls believe BTC price has hit the bottom early in the previous week and it is set to make a significant recovery. BTC price trades around $8000 mark today, up 14% in the last seven days.  Tim Draper, an early supporter of Tesla, Skype, and SpaceX, predicts Bitcoin price to hit $250K in the next four years. Tim has 30,000 bitcoin in his portfolio, and he says he will never convert these coins for fiat money. Source Image: coinmarketcap.com Brian Kelly Backs Tim Draper Opinion Brian Kelly, founder, and CEO of BKCM LLC, supported Tim’s prediction. Kelly said “it sounds crazy” to consider that BTC [Bitcoin] already had a 4,000 percent return over two years and a 3,000 percent return in four years may be a “continuation of the trend we’ve seen.” Brian Kelly, however, moved one step forward. He compared the bitcoin mania to Internet mania in late 80’s and early 90’s. He believes bitcoin is behaving like Microsoft (NASDAQ:MSFT) and Cisco …

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The Crypto Markets are Down | But People Aren’t Worried

The crypto markets are moving up and down today, with the majority of the top ten coins by market capitalization in red territory. In fact, all but one of those coins is in the red zone. Not the best way to start off the week, is it?  Last week, it looked like Bitcoin (BTC) was in recovery. On April 12, the digital currency jumped $1,000 in one hour, causing the crypto bulls to come in hot. Unfortunately, however, the crypto markets string of good luck appears to have disappeared. Today, Bitcoin (BTC) briefly dropped below the $8,000 mark earlier in the trading day. It managed to climb back up, though, currently selling for $8,033.67. This puts the coin down nearly 3% in the past twenty-four hours. Meanwhile, Ethereum (ETH), Ripple, Bitcoin Cash, Litecoin, Stellar (XLM), IOTA, NEO, and Monero are all seeing red.  The only coin that is seeing green today in the top-ten list on CoinMarketCap, is Cardano (ADA). Currently selling for $0.245039, Cardano is up nearly 12% in the past twenty-four hours.  So we know the crypto markets are a bit sluggish today. Now, we want to know how people are reacting to this slump. Let’s see what we can …

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