Author: Admin

Pokemon ‘Rip-Off’ DokeV Looks Better Than Actual Pokemon

DokeV is an upcoming ‘creature capturing’ MMO. It comes from Pearl Abyss, developers of Black Desert Online. DokeV will be coming out on PC and major consoles. Pokemon Sword and Shield games have clearly disappointed many people with the dex cull and lack of graphical upgrades. If you’re one of those disappointed masses, then you’re […]

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A Stock Market Crash Would Slam Baby Boomers’ Savings

After a spectacular decade for the US stock market, baby boomers are reluctant to transition into defensive investments. According to one study, most boomer retirement accounts are overweight on stocks. That could put retirees and near-retirees at risk when the next recession strikes. A senior executive at the AARP made headlines this week for responding […]

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Gold Price Zips Higher as Eastern European Countries Urgently Load Up on Bullion

Gold rallies to an intraday high of $1,475.50/oz. Precious metals trade at more than one-week highs as risk appetite wanes. Serbia bought nine tons of gold in October to hedge against crisis. The price of gold extended its rally on Thursday, as waning risk appetite drove investors into the relative safety of precious metals. In […]

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Stephen A. Smith Couldn’t Be More Wrong About Colin Kaepernick

Most analysts are skeptical of the NFL’s proposed workout for Colin Kaepernick on Saturday. But Stephen A. Smith seems to be convinced that it is going to lead to a job within the next two weeks for Kaepernick. No matter how well Kaepernick performs, he will not be on an NFL roster this season. The […]

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Dow Wobbles as US Senate Hong Kong Bill Pressures Trump-Xi Relations

US stocks are under pressure, with the US Senate poised to pass a bill supporting Hong Kong that may destroy Trump’s hopes of a phase one trade deal. The Dow made no progress as a huge sell-off in Cisco undid a decent rally in Boeing stock. Weakening Chinese data suggest Xi needs a trade deal, […]

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Crypto Hits the Big Time After Coinbase CEO Makes Rising Star List

Coinbase CEO Brian Armstrong has been honored by Time magazine in the inaugural TIME 100 Next list. Four crypto and blockchain startups appeared in the 2019 CNBC Upstart 100. Startups featured on the CNBC list must have raised $50 million or less in VC funding. This has been a good week for individuals and startups […]

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US Authorities Arrest Alleged SIM Swappers After Crypto Thefts

The FBI has arrested two individuals on charges of stealing and attempting to steal $550,000 in cryptocurrency by SIM swapping 10 victims.

Northern Trust Testing Fractionlized Bonds on Blockchain

The U.S.-based custody bank is working with BondEvalue, a Singapore-based debt markets tech company, to offer fractions of tokenized bonds to retail and small professional investors.

Pornhub Suggests Crypto Payments After Paypal Censors Model Payouts

On November 14, the leading adult video sharing site on the internet, Pornhub, revealed that payment processor Paypal has blocked the company’s live performer payouts. In a blog post written on Thursday, Pornhub recommended alternative payments like writing a check or using the digital currency verge.

Also read: Walk Like Nakamoto: 7 Anonymous Personalities in the Crypto Space

Paypal Blocks Pornhub’s Live Performer Payouts — Crypto Advocates Suggest Accepting More Digital Currencies

The adult entertainment web portal Pornhub is having issues with the payment processor Paypal. Pornhub has revealed Paypal has blocked model payouts for live performers who leverage the site’s platform. The company announced the issues using Twitter and a blog post that describes what payment methods are offered for live models. “Our currently available payment methods are Paxum, check, verge cryptocurrency and direct deposit,” explains Pornhub’s post. The adult site also explains in the notice that in order to accept verge (XVG), models need to obtain an XVG accepting wallet. On Twitter Pornhub wrote:

Urgent: Paypal has stopped all Pornhub model payouts. If you had PayPal as your payout method please change to direct deposit/SEPA, or payment by check in your settings.

Pornhub Suggests Crypto Payments After Paypal Censors Model Payouts

After the Twitter announcement and blog post, the price of XVG saw a small rise in value but the cryptocurrency is down 2.5% today and 9.4% for the week. In response to Pornhub’s Twitter post, many crypto community members used the opportunity to ask the company to accept more digital currencies like BCH, BTC, and ETH. One BCH supporter wrote: “Bitcoin Cash is there to help you and your customers.” “All models should contact Brenna Sparks to help them accept crypto payments,” another person tweeted.

For years now many cryptocurrency advocates have proposed that the adult industry combines forces with the crypto industry. Last spring Pornhub started accepting XVG but also told the public it would also accept ZEC and TRX. Since adding verge to the payment support list, reports detailed last year that only 1% of purchases are made using XVG and the other alternatives (ZEC, TRX) are not yet supported.

Financial Incumbents Have Been Blocking the Adult Industry for Years — Censorship-Resistant Money Is Needed

Paypal and other major credit card companies have been blocking sex workers and applications that help them get paid for years now. In 2014, the porn star Teal Conrad was banned from Paypal immediately after a slew of other adult industry stars were also barred from using financial institutions like Chase. A few users on Twitter mentioned that Pornhub should have fought harder against SESTA/FOSTA, a U.S. Senate and House bill that became law on April 11, 2018. “Gee, if only Pornhub used their massive budget to lobby against SESTA/FOSTA and fight for credit card companies to stop putting pressure on apps to ban sex workers maybe this wouldn’t have happened,” a user replied to Pornhub’s Paypal blockade tweet on Thursday.

Digital currency advocates have been slowly penetrating the adult industry to a degree and a few porn stars have promoted crypto on various occasions as well. According to a market research report created by the adult film studio Vogov, around 470 adult video sites have exposure to digital currencies. In the overall scheme of the massively lucrative porn industry, that doesn’t even scratch the surface. As more pressure from financial incumbents rises against the adult industry, the friction may push other leading firms and performers toward censorship-resistant cryptocurrencies.

What do you think about Paypal blocking Pornhub’s live performer payouts? Let us know what you think about this subject in the comments section below.


Image credits: Shutterstock, Pixabay, Pornhub, and Twitter.


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Multiplayer Issues Blight Age of Empires II: Definitive Edition Launch

Age of Empires II: Definitive Edition launched today. Players are unable to join, create, or play multiplayer games. Xbox and Forgotten Empires are aware of the issue and are working on a fix. Today hasn’t been the kindest to Microsoft. After The Witcher 3 joining the Xbox Game Pass leak earlier, the multiplayer component of […]

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